Housing Wire

JANUARY 12, 2022

Adjustable-rate mortgage (ARM) share of activity dipped to 3.1 % of total loan applications. Meanwhile, the share of total applications that made up FHA and VA loans grew to 9.9% The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 3.50% from 3.40%.

Loans 468

Loans Fixed-rate mortgage Mortgages VA loan 468

Housing Wire

DECEMBER 6, 2023

Total home loan applications increased 2.8% 1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. The adjustable-rate mortgage (ARM) share of activity decreased to 7.4% for the week ending Dec.

VA loan 521

VA loan Mortgages FHA loan Fixed-rate mortgage 521

Housing Wire

MARCH 3, 2021

The post Mortgage applications recover as winter storms pass appeared first on HousingWire.

Fixed-rate mortgage 546

Fixed-rate mortgage Mortgages Loans Industrial 546

Housing Wire

MAY 26, 2021

The post Mortgage applications decrease 4% appeared first on HousingWire.

Fixed-rate mortgage 516

Fixed-rate mortgage Mortgages Loans Industrial 516

Housing Wire

MARCH 24, 2023

There was also a slight reduction in the serious delinquency rate from Q3 to Q4, dropping from 0.68% to 0.65% by the end of the fourth quarter. Comparatively, the serious delinquency rate for Federal Housing Administration (FHA) loans was 4.4%

Fixed-rate mortgage 459

Fixed-rate mortgage VA loan FHA loan Loans 459

Housing Wire

MAY 25, 2022

“Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market.”. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) marginally fell to 10.4% and the Veterans Affairs (VA) loans fell to 10.4%

Fixed-rate mortgage 459

Fixed-rate mortgage Mortgages VA loan Loans 459

Housing Wire

JANUARY 13, 2021

The post New-year optimism reflected in mortgage applications jump appeared first on HousingWire.

Fixed-rate mortgage 514

Fixed-rate mortgage Mortgages Loans Industrial 514

Housing Wire

DECEMBER 15, 2021

“Fewer homeowners have a strong incentive to refinance at current rates,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%.

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VA loan FHA loan Fixed-rate mortgage Loans 435

Housing Wire

JUNE 1, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($642,000 or less) fell to 5.33% from 5.46% in the prior week. According to the MBA, the adjustable-rate mortgage (ARM) share of activity dipped to 8.7%, the FHA share of all applications fell to 10.8%

Fixed-rate mortgage 459

Fixed-rate mortgage Mortgages VA loan Loans 459

Housing Wire

DECEMBER 8, 2021

“Mortgage rates declined for the first time in a month, prompting a pickup in refinancing, with government refinances increasing more than 20% over the week,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. of total mortgage applications, down from 59.4% in the same period.

FHA loan 468

FHA loan Mortgages VA loan Fixed-rate mortgage 468

Housing Wire

NOVEMBER 24, 2021

The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) increased to 3.24%, four basis points higher than the previous week. For jumbo mortgage loans (greater than $548,250), it went to 3.28% from 3.26%. VA loans consisted of 10.3%

Mortgages 459

Mortgages VA loan FHA loan Fixed-rate mortgage 459

Housing Wire

SEPTEMBER 25, 2024

Department of Veterans Affairs (VA) loans grew significantly, rising by 250 bps to a share of 18.3%. Adjustable-rate mortgages (ARMs) accounted for 5.9% The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $766,550 or less dropped by 2 bps to 6.13%.

FHA loan 448

FHA loan Mortgages VA loan Fixed-rate mortgage 448

Housing Wire

OCTOBER 11, 2023

As the 30-year, fixed-rate mortgage hit 7.67% for the week ending Oct. 6, mortgage applications remained near historic lows. However, an uptick in adjustable-rate mortgage (ARM) applications edged total applications up slightly. Mortgage applications picked up 0.6% for the week ending Oct. from 14.5%

Loans 431

Loans VA loan FHA loan Mortgages 431

Housing Wire

JUNE 23, 2021

from 0.25 (including the origination fee) for 80% LTV loans. from 0.25 (including the origination fee) for 80% LTV loans. The post Mortgage applications rise again, despite rates jump appeared first on HousingWire.

Fixed-rate mortgage 457

Fixed-rate mortgage Mortgages Loans Construction 457

Housing Wire

NOVEMBER 4, 2020

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.01% from 3%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) fell to 3.18% from 3.28%.

Fixed-rate mortgage 516

Fixed-rate mortgage Mortgages FHA loan Loans 516

Housing Wire

MARCH 10, 2021

The post Mortgage applications drop, but spring buying season looms appeared first on HousingWire.

Fixed-rate mortgage 448

Fixed-rate mortgage Mortgages Loans Industrial 448

Housing Wire

MARCH 16, 2022

Mortgage rates, which recently hit 4.27% for 30-year-fixed rate mortgages, are now a full percentage point higher than a year ago. That’s led to a significant decline in refinance activity, both for conventional and government loans. of total applications. from 10.4%.

Fixed-rate mortgage 397

Fixed-rate mortgage Mortgages VA loan Loans 397

Housing Wire

NOVEMBER 30, 2021

The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) increased to 3.31%, seven basis points higher than the previous week. For jumbo mortgage loans (greater than $548,250), it went to 3.27% from 3.28%. Refinances represented 59.4%

Mortgages 418

Mortgages VA loan FHA loan Fixed-rate mortgage 418

Housing Wire

MARCH 17, 2021

The post Mortgage applications continue to fall as rates climb appeared first on HousingWire.

Fixed-rate mortgage 435

Fixed-rate mortgage Mortgages Loans Construction 435

Housing Wire

JUNE 8, 2022

The average contract interest rate for 30-year-fixed-rate mortgages with conforming loan balances ($642,000 or less) rose to 5.40% from 5.33%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,000) rose to 4.90% from 4.93%.

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages VA loan Loans 418

Housing Wire

DECEMBER 22, 2021

of total mortgage applications, up from 63.3% VA loans comprised 11.5%, an increase of nine basis points. Meanwhile, the share of FHA loans remained unchanged at 9.6% The share of USDA loans was 0.5%. For example, FHA and VA refis jumped 4% and 12%, respectively. . on the previous week. in the period.

Mortgages 418

Mortgages VA loan FHA loan Fixed-rate mortgage 418

Housing Wire

JUNE 9, 2021

Mortgage applications fell 3.1% in the week ending June 4, and refis took the biggest dip, according to the latest report from the Mortgage Bankers Association. Most of the decline in mortgage rates came late last week, with the 30-year fixed-rate mortgage declining to 3.15

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages Loans As-is 476

Housing Wire

APRIL 21, 2021

Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.2% The post Mortgage applications rebound following drop in rates appeared first on HousingWire.

Fixed-rate mortgage 488

Fixed-rate mortgage Mortgages Loans Industrial 488

Housing Wire

APRIL 28, 2021

Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.17% from 3.2%

Fixed-rate mortgage 488

Fixed-rate mortgage Mortgages Loans Industrial 488

Housing Wire

MARCH 24, 2021

The post Mortgage applications dip as home prices climb appeared first on HousingWire.

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Fixed-rate mortgage Mortgages Loans Land 497

Housing Wire

JANUARY 19, 2022

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, the 30-year fixed rate reached 3.64%, more than 30 basis points over the past two weeks. Higher rates led to the “slowest pace of refinance activity in over two years,” mainly among FHA and VA loans, Kan said in a statement.

Loans 418

Loans Mortgages VA loan Fixed-rate mortgage 418

Housing Wire

OCTOBER 7, 2020

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) fell to 3.01% from 3.05%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) fell to 3.31% from 3.33%.

Fixed-rate mortgage 482

Fixed-rate mortgage Mortgages Loans As-is 482

Housing Wire

MAY 12, 2021

The post Mortgage applications jump as rates fall to 2.96% appeared first on HousingWire.

Fixed-rate mortgage 468

Fixed-rate mortgage Mortgages Loans Industrial 468

Housing Wire

JULY 28, 2021

And the 15-year rate fell to a record low last seen in 1990. Those ultra-low rates naturally resulted in a sharp uptick in refinancing activity. “With over 95% of refinance applications for fixed rate mortgages, borrowers are looking to secure a lower rate for the life of their loan,” Kan said Wednesday.

Fixed-rate mortgage 397

Fixed-rate mortgage Mortgages Loans Finance 397

Housing Wire

MAY 4, 2022

The uptick, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index, was propelled primarily by purchase-application activity, as rates remain elevated, hovering in the low 5% range and a drag on refinance volume. The seasonally adjusted purchase index rose 4.1% percent, up from 4.89

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages VA loan Loans 370

Housing Wire

SEPTEMBER 6, 2024

For the same 30-year loan of $400,000, a mortgage originator in Texas on Friday quoted 6.35% for a Federal Housing Administration (FHA) loan and 5.5% Department of Veterans Affairs (VA) loan with no points or buydowns. Much will hinge on what the Fed decides in a couple of weeks,” the loan officer said.

Mortgages 476

Mortgages VA loan FHA loan Fixed-rate mortgage 476

Housing Wire

MARCH 31, 2021

The average contract interest rate for 30-year fixed-rate mortgages decreased to 3.29% from 3.35% — the first decrease in three weeks The average contract interest rate for 15-year fixed-rate mortgages decreased to 2.71% from 2.72% The average contract interest rate for 5/1 ARMs increased to 2.85% from 2.79%.

Fixed-rate mortgage 459

Fixed-rate mortgage Mortgages Loans Lending 459

Housing Wire

JANUARY 6, 2021

Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 2.86% from 2.9% The post Mortgage applications drop over holidays appeared first on HousingWire.

Fixed-rate mortgage 435

Fixed-rate mortgage Mortgages Loans Industrial 435

Housing Wire

APRIL 7, 2021

The post Rising rates push mortgage applications down for fifth week appeared first on HousingWire.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Industrial 370

Housing Wire

OCTOBER 19, 2022

A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders.

VA loan 435

VA loan FHA loan Fixed-rate mortgage Banks 435

Housing Wire

JUNE 26, 2023

“The number of refinances decreased amid rising mortgage rates from 111,251 in the fourth quarter of 2022 to 78,445 in the first quarter of 2023.” The serious delinquency rate also decreased to 0.6% Still, refinance transactions saw a slight uptick in Q1 despite being down overall for the quarter. “[T]otal

VA loan 370

VA loan FHA loan Fixed-rate mortgage Principal 370

Housing Wire

MAY 19, 2021

The post Mortgage applications increase for second straight week appeared first on HousingWire.

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Fixed-rate mortgage Mortgages Loans Industrial 397