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.
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%
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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%.
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%
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%.
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%
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%.
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