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% The post Mortgage apps decline 1.2% from 10.5% from 11.1%

Fixed-rate mortgage 427

Fixed-rate mortgage Mortgages VA loan Loans 427

Housing Wire

AUGUST 18, 2022

Purchase mortgage rates declined this week on the news that inflation appears to have peaked and appear to be stabilizing. The 30-year fixed-rate mortgage decreased this week to an average of 5.13%, down from last week’s 5.22%, according to the latest purchase mortgage survey from Freddie Mac.

Fixed-rate mortgage 395

Fixed-rate mortgage Mortgages Residential Loans 395

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 427

Fixed-rate mortgage Mortgages VA loan Loans 427

Housing Wire

MAY 18, 2022

According to the MBA, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.49% this week, down from 5.53% in the previous week. The survey, conducted since 1990, covers over 75% of the retail residential mortgage applications.

Fixed-rate mortgage 395

Fixed-rate mortgage Mortgages Loans Residential 395

Housing Wire

OCTOBER 19, 2022

The MBA survey shows that the mortgage composite index for the week ending Oct. retail residential mortgage applications. Mortgage applications are now into their fourth month of declines, dropping to the lowest level since 1997.”. But another index measures rates even higher. The refinance index decreased 6.7%

Fixed-rate mortgage 395

Fixed-rate mortgage Mortgages Banks Loans 395

Housing Wire

JANUARY 17, 2024

Overall, mortgage applications rose by 10.4% 12, compared to one week earlier, on a seasonally adjusted basis, per the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey. Rates on jumbo loans (greater than $766,550) fell to 6.86% from 6.98% on a weekly basis. in the week ending Jan.

Mortgages 469

Mortgages Fixed-rate mortgage Loans Residential 469

Housing Wire

MARCH 8, 2023

According to the most recent Mortgage Bankers Association (MBA) survey, the mortgage composite index for the week ending March 3 rose 7.4% retail residential mortgage applications. In addition, adjustable-rate mortgages rose 13.9% But another index measures rates even higher. from the week prior.

Loans 383

Loans Fixed-rate mortgage Mortgages Loan Officer 383

Housing Wire

OCTOBER 26, 2022

The Mortgage Bankers Association (MBA) survey shows that the mortgage composite index for the week ending Oct. Mortgage loan application volume plummeted 69% compared to the same period in 2021. retail residential mortgage applications. from the prior week when it reached its 25-year low.

Mortgages 382

Mortgages Fixed-rate mortgage Loans Residential 382

Housing Wire

MARCH 16, 2022

Interest in residential mortgages fell 1.2% for the week ending March 11 as mortgage rates rose to their highest levels since May 2019, according to the Mortgage Bankers Association ‘s latest survey. “Investors are weighing the impacts of rapidly increasing inflation in the U.S. from 10.4%.

Fixed-rate mortgage 383

Fixed-rate mortgage Mortgages VA loan Loans 383

Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. Inside Mortgage Finance reported that Santander residential production totaled $2.7 mortgage industry are in the past.

Banks 437

Banks Mortgages Fixed-rate mortgage Equity 437

Housing Wire

FEBRUARY 24, 2022

As we enter the spring homebuying season with higher mortgage rates and continued low inventory, we expect home price growth to remain firm before cooling off later this year.”. Mortgage rates typically move in concert with the 10-year Treasury yield , which notched 1.94% on Wednesday, down from 2.03% the prior week.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Residential As-is 370

Housing Wire

SEPTEMBER 21, 2022

Due to the Federal Reserve ’s rate hike of 75 basis points on July 27 to combat persistent inflation, and the expectation of another sizable increase this week, mortgage rates are in the mid 6% range. A year ago, rates averaged 2.86%. retail, residential mortgage applications.

Mortgages 395

Mortgages Fixed-rate mortgage Loans Residential 395

Housing Wire

MAY 4, 2022

According to the MBA, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.36% this week, down from 5.37% the previous week, but still 2 percentage points higher than a year earlier. percent, up from 4.89 percent the prior week. from 10.6%

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages VA loan Loans 370

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 395

Fixed-rate mortgage Mortgages VA loan Loans 395

Housing Wire

APRIL 6, 2022

Interest in residential mortgage loans fell 6.25% for the week ending April 1 as rates jumped yet again , ever nearer to 5%, according to the Mortgage Bankers Association ‘s latest survey. Refinance applications are in a free fall, as few borrowers these days have an incentive to change their current loans rates.

Mortgages 417

Mortgages Fixed-rate mortgage Residential Loans 417

Housing Wire

AUGUST 24, 2022

Mortgage rates seem to be stabilizing in the low 5% range , according to the latest survey from Freddie Mac. It showed the 30-year fixed-rate mortgage decreasing last week to an average of 5.13%. retail, residential mortgage applications.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Residential 370

Housing Wire

SEPTEMBER 14, 2022

According to the latest survey from Freddie Mac, the 30-year fixed-rate mortgage rose last week to an average of 5.89%, up from the previous week’s 5.66%. The index compiles only purchase mortgage rates reported by lenders during the past three days. retail, residential mortgage applications.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Residential 370

Housing Wire

DECEMBER 20, 2022

The latest MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.34% last week, down from the previous week’s 6.42%. The average 30-year fixed rate mortgage, according to Mortgage News Daily , was 6.38% on Tuesday.

Mortgages 407

Mortgages Fixed-rate mortgage Loans New Construction 407

Housing Wire

APRIL 27, 2022

Interest in residential mortgage loans fell 8.3% for the week ending April 22, including a sharp decline in purchase applications, which indicates a potential weakness in home sales in the coming months, according to the Mortgage Bankers Association ‘s (MBA) latest survey. The FHA share of total applications increased to 10.6%

Mortgages 383

Mortgages Fixed-rate mortgage Marketing Loans 383

Housing Wire

SEPTEMBER 29, 2022

With the 30-year fixed-rate mortgage rates more than doubling since January, the pace of refinancing is running at a 22-year low, according to Kan. The MBA data shows the refinance share of all mortgage activity decreased to 30.2% retail, residential mortgage applications. Presented by: Teraverde.

Fixed-rate mortgage 369

Fixed-rate mortgage Mortgages Loans Residential 369

Housing Wire

MARCH 2, 2022

retail residential mortgage applications. According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, mortgage rates last week reached multi-year highs, “putting a damper on applications activity.”. The survey, conducted weekly since 1990, covers over 75% of all U.S.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Residential 370

Housing Wire

APRIL 5, 2023

Overall, mortgage applications declined 4.1% last week on a seasonally adjusted basis, down from one week earlier, according to the Mortgage Bankers Association (MBA). retail residential mortgage applications. Rates on jumbo loans (greater than $726,200) increased to 6.36% from 6.27%.

Loans 407

Loans Mortgages Fixed-rate mortgage Banks 407

Housing Wire

MAY 11, 2022

The average contract interest rate for 30-year-fixed mortgages with conforming loan balances ($647,200 or less) rose to 5.53% this week from the previous week’s 5.36%. The survey, conducted since 1990, covers more than 75% of the retail residential mortgage applications. from 11.1% in the week prior. from 10.3%

Mortgages 427

Mortgages Fixed-rate mortgage Loans Residential 427

Housing Wire

NOVEMBER 29, 2022

“The 30-year fixed mortgage rate decreased to 6.49% and has now fallen 57 basis points over the past four weeks. Additionally, mortgage rates for most other loan types declined,” he said. At its recent peak about a month ago, rates reached 7.16%. retail residential mortgage applications.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Residential 370

Housing Wire

FEBRUARY 11, 2021

Even though rates remained at their record low levels, mortgage applications dipped, with some economists pointing to the overheated home prices and lack of supply for applications seesawing. But, the run-up in Treasury rates has not impacted mortgage rates yet, which have held firm,” Khater said.

Mortgages 469

Mortgages Fixed-rate mortgage Loans Residential 469

Housing Wire

MARCH 23, 2022

Interest in residential mortgage loans fell 8.1% for the week ending March 18 as mortgage rates rose to 4.5%, the highest level in years, according to the Mortgage Bankers Association ‘s latest survey.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Equity 370

Housing Wire

JULY 6, 2022

The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) decreased to 5.74%, from 5.84% the previous week, falling 24 basis points during the past two weeks. Jumbo mortgage loans (greater than $647,200) went from 5.42% to 5.28%. The post Mortgage apps slide 5.4%

Mortgages 383

Mortgages Fixed-rate mortgage Loans Residential 383

Housing Wire

NOVEMBER 2, 2022

So far this year, the tightening monetary policy has resulted in a cumulative 300 bps hike, resulting in higher mortgage rates. . A different index measures this week’s rates higher at 7.09% , according to Mortgage News Daily. retail, residential mortgage applications. from 13.9%

Mortgages 427

Mortgages Fixed-rate mortgage Loans Residential 427

Housing Wire

NOVEMBER 9, 2022

The Mortgage Bankers Association (MBA) survey shows that the mortgage composite index for the week ending Nov. Mortgage loan application volume plummeted 70.3% retail residential mortgage applications. A different index measures Tuesday’s rates higher at 7.21% , according to Mortgage News Daily. .

Mortgages 383

Mortgages Fixed-rate mortgage Loans Residential 383

Housing Wire

APRIL 26, 2023

retail residential mortgage applications. Mortgage apps also rose 4.7% In its last meeting in March, the Federal Open Market Committee (FOMC) raised the federal funds rate by 25 basis points, climbing from 4.75% to 5%, its ninth consecutive rate hike. for home purchases and 1.7% for refinancing.

Loans 395

Loans Mortgages Fixed-rate mortgage Loan Officer 395

Housing Wire

NOVEMBER 23, 2022

MBA estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) fell to 6.67% from the previous week’s 6.90%. At its recent peak about a month ago, rates reached 7.16%. retail residential mortgage applications. The consumer price index (CPI) rose by 7.7%

As-is 395

As-is Mortgages Fixed-rate mortgage Loans 395

Housing Wire

APRIL 12, 2023

Overall, mortgage applications increased last week by 5.3% on a seasonally adjusted basis compared to one week earlier, according to data from the Mortgage Bankers Association ’s (MBA) Weekly Mortgage Applications Survey. retail residential mortgage applications.

Mortgages 383

Mortgages Fixed-rate mortgage Loans Residential 383

Housing Wire

APRIL 19, 2023

retail residential mortgage applications. “Last week’s increase in mortgage rates prompted a pullback in application activity. The MBA survey shows the average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.43% from 6.3%

Mortgages 383

Mortgages Fixed-rate mortgage Marketing Loans 383

Housing Wire

SEPTEMBER 7, 2022

“Mortgage rates moved higher over the course of last week as markets continued to re-assess the prospects for the economy and the path of monetary policy, with expectations for short-term rates to move and stay higher for longer,” said Mike Fratantoni , MBA’s senior vice president and chief economist, in a statement.

Mortgages 407

Mortgages Fixed-rate mortgage Loans Residential 407

Housing Wire

JULY 13, 2022

Rates during the previous two weeks dropped by half a percent but were still well above the 30-year purchase rate of 2.9% The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) remained at 5.74%, unchanged from the previous week.

Mortgages 395

Mortgages Fixed-rate mortgage Loans Residential 395

Housing Wire

FEBRUARY 23, 2022

retail residential mortgage applications. According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, the 30-year fixed rate increased almost a full percentage point in comparison to one year ago. The survey, conducted weekly since 1990, covers over 75% of all U.S.

Mortgages 395

Mortgages Fixed-rate mortgage Loans Residential 395

Housing Wire

AUGUST 17, 2022

The Freddie Mac PMMS , which compiles rates reported by lenders during the past three days, reached 5.22% last week, up from 4.99% in the previous one. A year ago, rates averaged 2.77%. MBA’s estimate shows rates going on different paths. retail, residential mortgage applications.

Mortgages 383

Mortgages Fixed-rate mortgage Loans Residential 383