Housing Wire

MAY 26, 2021

After two straight weeks of increases , mortgage applications dropped 4.2% for the week ending May 21, 2021, according to the Mortgage Bankers Association ‘s weekly mortgage applications survey. Rates climbed north of 3% over the first few months of 2021, but crested at 3.2% in March before descending again.

Fixed-rate mortgage 513

Fixed-rate mortgage Mortgages Loans Industrial 513

Housing Wire

AUGUST 19, 2021

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines.

Fixed-rate mortgage 516

Fixed-rate mortgage Mortgages Banks Finance 516

Housing Wire

OCTOBER 19, 2023

Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% Per Mortgage News Daily , mortgage rates touched 8.03% on Wednesday, up from 7.69% the previous week. By contrast, the 30-year, fixed-rate mortgage was at 6.94% a year ago at this time.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Construction Loans 493

Housing Wire

FEBRUARY 26, 2025

Mortgage applications decreased by 1.2% from last week on a seasonally adjusted basis, according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending Feb. The refinance share of mortgage activity increased to 38.9% of total applications from 38.7% the previous week.

Fixed-rate mortgage 202

Fixed-rate mortgage Mortgages Loans Marketing 202

Housing Wire

AUGUST 26, 2021

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.91%.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Loans Construction 493

Housing Wire

AUGUST 18, 2021

Mortgage applications decreased 3.9% 13 compared to the week prior and fewer borrowers opted to refinance, according to the latest report from the Mortgage Bankers Association. Ten-year Treasury yields rose overall but tapered off slightly at the end of last week , and 30-year mortgage rates tracked by the MBA reached 3.06%.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages Loans Industrial 476

Housing Wire

FEBRUARY 3, 2021

Mortgage applications jumped 8.15% from the week ending Jan. 29, breaking a two-week streak of decreases, according to the latest data from the Mortgage Bankers Association. The 30-year fixed rate did see a slight drop, down to 2.92% after hitting a three-month high last week of 2.95%. the week prior. . the week prior.

Fixed-rate mortgage 458

Fixed-rate mortgage Mortgages Loans Industrial 458

Housing Wire

JUNE 23, 2021

For the second week in a row, mortgage applications increased — this time, up 2.1% for the week ending June 18, 2021, per the latest report from the Mortgage Bankers Association. The 30-year fixed mortgage rate also rose to 3.18% — the highest level in a month, according to the MBA. the previous week. from 11.5%.

Fixed-rate mortgage 429

Fixed-rate mortgage Mortgages Loans Construction 429

Housing Wire

OCTOBER 27, 2021

Mortgage applications increased 0.3% from last week, per the latest report from the Mortgage Bankers Association for the week ending Oct. With two consecutive weeks of mortgage rates over 3%, refinances continued to retreat. The refinance share of mortgage activity decreased to 62.2% the week prior. the week prior.

Fixed-rate mortgage 468

Fixed-rate mortgage Mortgages Loans Sales 468

Housing Wire

OCTOBER 21, 2021

The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. yesterday, its highest rate since May.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages Banks Development 476

Housing Wire

NOVEMBER 25, 2020

After two weeks of decreasing numbers, mortgage applications increased 3.9% last week, according to a report from the Mortgage Bankers Association. Amidst strong competition for a limited supply of homes for sale, as well as rapidly increasing home prices, purchase applications increased for both conventional and government borrowers.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages Loans Industrial 476

Housing Wire

JULY 31, 2024

After plummeting to an all-time low in May , pending home sales bounced back a bit in June, with the Pending Home Sales Index rising 4.8%, according to data released Wednesday by the National Association of Realtors (NAR). Month over month, however, pending sales rose in all four regions. The index rose from a reading of 70.8

Sales 468

Sales Fixed-rate mortgage MLS Industrial 468

Housing Wire

OCTOBER 6, 2021

Mortgage application volume dropped 6.9% 1, as higher rates reduced borrowers’ waning appetites for refis even further , according to the Mortgage Bankers Association (MBA). The MBA’s overall mortgage application index decreased by 15% compared to one year ago, showed the survey published today. for the week ending Oct.

Fixed-rate mortgage 468

Fixed-rate mortgage Mortgages Loans Industrial 468

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% The 30-year fixed-rate mortgage averaged 6.6%

Fixed-rate mortgage 532

Fixed-rate mortgage Mortgages New Construction Construction 532

Housing Wire

SEPTEMBER 27, 2023

In the week following the Federal Open Market Committee ‘s meeting, mortgage applications sunk. 22, mortgage applications fell 1.3% from the prior week , according to data from the Mortgage Bankers Association. It is still facing limited for-sale inventory and struggling with affordability issues.

Mortgages 462

Mortgages Fixed-rate mortgage Loans Marketing 462

Housing Wire

SEPTEMBER 20, 2023

In the week leading up to the Federal Open Market Committee meeting, mortgage applications finally ticked up. 15, mortgage applications rose 5.4% from the prior week , according to data from the Mortgage Bankers Association. The refinance share of mortgage activity increased to 31.6% For the week that ended Sept.

Fixed-rate mortgage 473

Fixed-rate mortgage Mortgages FHA loan Loans 473

Housing Wire

JULY 1, 2021

The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data released Thursday by Freddie Mac ‘s PMMS. Within the past almost three months, mortgage rates have only peaked above 3% one time. More recently, however, mortgage applications dipped 6.9%

Mortgages 511

Mortgages Fixed-rate mortgage Investor Sales 511

Housing Wire

JANUARY 21, 2022

Sam Khater, chief economist at Freddie Mac, said in a statement that the “combination of a large number of entry-level homebuyers facing a shortage of entry-level inventory of homes for sale should keep the housing market competitive.”. The report also added that home sales are projected to hit 6.9 in 2021 to 6.2% million in 2023.

Fixed-rate mortgage 482

Fixed-rate mortgage Mortgages Lending Sales 482

Housing Wire

JUNE 1, 2022

Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Refinance share of the mortgage activity declined to 31.5% million home sales this year, compared to 6.13 from the previous week.

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Fixed-rate mortgage Mortgages VA loan Loans 459

Housing Wire

DECEMBER 20, 2023

Sales of existing-homes inched up in November, breaking a streak of five consecutive monthly declines. While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. Existing-home sales grew 0.8% in November from the prior month , reaching a seasonally adjusted annual rate of 3.82

Sales 456

Sales Fixed-rate mortgage MLS Mortgages 456

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. Mortgage rates have been roughly flat for months now. Treasuries, causing mortgage rates to remain in place, despite the increasing dispersion of inflation across different consumer goods and services.”.

Mortgages 476

Mortgages Fixed-rate mortgage Construction Banks 476

Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. In August, existing-home sales fell 0.7% from July to a seasonally adjusted annual rate of 4.04 Existing-home sales were down 15.3% Regionally, the Midwest registered the most home sales.

Sales 467

Sales Fixed-rate mortgage MLS Mortgages 467

Housing Wire

DECEMBER 10, 2020

Despite slightly higher Treasury yields, mortgage rates held steady at record lows this week, according to a survey by Freddie Mac. Rates remained at last week’s level of 2.71% for the 30-year fixed rate mortgage, according to Freddie Mac’s Primary Mortgage Market Survey.

Mortgages 516

Mortgages Fixed-rate mortgage Loans Closing 516

Housing Wire

JANUARY 19, 2024

Fannie Mae has a rosy outlook for mortgage rates. The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi volumes and help thaw the existing home sales market. The ESR group expects the annualized pace of existing home sales to move up to 4.5

Mortgages 541

Mortgages Fixed-rate mortgage Sales Equity 541

Housing Wire

FEBRUARY 29, 2024

Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 492

Mortgages Fixed-rate mortgage New Construction Construction 492

Housing Wire

AUGUST 11, 2021

Mortgage applications increased 2.8% That was enough to drive mortgage rates up slightly to 3.08%, according to the latest report from the Mortgage Bankers Association. That was enough to drive mortgage rates up slightly to 3.08%, according to the latest report from the Mortgage Bankers Association.

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages Loans Industrial 418

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 486

Mortgages Fixed-rate mortgage MLS Staging 486

Housing Wire

OCTOBER 15, 2021

Economists at Fannie Mae expect an increase mortgage rates and home prices in 2022 due to higher inflation , a tightening of monetary policy, and low home inventory. Fannie Mae in its October economic forecast said it expects the 30-year fixed rate mortgage to average 3.3% million sales in 2021.

Mortgages 508

Mortgages Fixed-rate mortgage Construction Banks 508

Housing Wire

OCTOBER 26, 2023

Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey.

Mortgages 475

Mortgages Fixed-rate mortgage Loans Investor 475

Housing Wire

MAY 15, 2024

This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. million in January 2021 (when mortgage rates were 2.7%) fell to 3.9

Mortgages 456

Mortgages Fixed-rate mortgage Sales Title 456

Housing Wire

AUGUST 14, 2024

Mortgage rates continued to recede during the past week, with the market anticipating a Federal Reserve rate cut next month and the U.S. At HousingWire ‘s Mortgage Rates Center , the 30-year conforming loan rate averaged 6.66% on Wednesday. economy showing signs of weakening. And the U.S.

Mortgages 497

Mortgages Fixed-rate mortgage Loans Sales 497

Housing Wire

MAY 18, 2022

Individuals across the country put the American dream of homeownership on standby for the week ending May 13, reducing mortgage application volume by 11% compared to the prior week, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index. Total originations are expected to be at $2.5 trillion last year.

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Fixed-rate mortgage Mortgages Loans Residential 418

Housing Wire

APRIL 10, 2025

Millions of homeowners are locked into 23% mortgage rates and simply wont sell, creating a chain reaction thats grinding the entire system to a halt. But this isnt just a temporary side effect of high interest rates. homeowners hold mortgages below 4%, according to the Federal Housing Finance Agency. Yet while the U.S.

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Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). month-over-month increase in December , the Pending Home Sales Index rose 8.1% After posting a 2.5% After posting a 2.5%

Sales 459

Sales Fixed-rate mortgage MLS Land 459

Housing Wire

JUNE 17, 2021

The average 30-year fixed-rate mortgage fell three basis points from the week prior to 2.93%, according to data released Thursday by Freddie Mac ‘s PMMS. This marks the first time in over two months mortgage rates have fluctuated outside a five basis point range above or below 3%.

Mortgages 476

Mortgages Fixed-rate mortgage Construction Development 476

Housing Wire

JUNE 10, 2024

Mortgage rate lock-in happens because even small changes in mortgage rates can make a big difference in costs. in April 2024 — with a 10% down payment, a typical mortgage would be approximately $350,000. For every 50 basis point change in mortgage rates, the monthly payment for this house would change by $112.In

Mortgages 458

Mortgages Fixed-rate mortgage Sales Finance 458

Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. It was the expectation that the U.S.

Mortgages 488

Mortgages Fixed-rate mortgage Investor Loans 488