Housing Wire

DECEMBER 19, 2024

The GSEs serious delinquency rate saw a slight uptick in Q3 to 0.53%, but this rate is still lower than those for loans sponsored by the Federal Housing Administration (3.63%) and Department of Veterans Affairs (2.26%), as well as the industrywide average of 1.55%. Forbearances also increased in Q3 to 39,669 loans as of Sept.

Fixed-rate mortgage 380

Fixed-rate mortgage Loans Mortgages Finance 380

Housing Wire

JANUARY 22, 2025

Borrowers with lower equity may face high mortgage payments, but those payments won’t change with under utilized escrow accounts. The survey also found that 45% or respondents mistakenly believe their payments cannot change with a fixed-rate mortgages, up from 36% in 2024.

FHA loan 383

FHA loan Fixed-rate mortgage Equity Mortgages 383

Housing Wire

MARCH 3, 2021

That is despite the fact that the 30-year fixed rate experienced its largest single-week increase in almost a year, reaching 3.23%. The refinance share of mortgage activity decreased to 67.5% The VA share of total mortgage applications decreased to 12.3% of total applications from 68.5% the previous week. . from 11.9%

Fixed-rate mortgage 545

Fixed-rate mortgage Mortgages Loans Industrial 545

Housing Wire

NOVEMBER 27, 2024

Mortgage applications rose 6.3% 22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). It is the third straight weekly increase for applications — a good sign for mortgage lenders heading into the typically slow Thanksgiving holiday.

Mortgages 369

Mortgages VA loan FHA loan Fixed-rate mortgage 369

Housing Wire

JUNE 2, 2021

Kan added that refinance activity dropped for the second straight week, even as the 30-year fixed rate decreased slightly to 3.17%. “Even though rates have been below 3.2% The FHA share of total mortgage applications increased to 9.6% the week prior, but the VA share of total mortgage applications decreased to 10.9%

Fixed-rate mortgage 543

Fixed-rate mortgage Mortgages New Construction Loans 543

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

Fixed-rate mortgage 507

Fixed-rate mortgage Mortgages Loans Industrial 507

Housing Wire

JULY 14, 2021

The sudden increase in applications was driven “heavily” by increased refinancing as mortgage rates dipped again, said Joel Kan, MBA associate vice president of economic and industry forecasting. The refinance share of activity of total mortgage applications increased to 64.1% from 61.6% the previous week.

Fixed-rate mortgage 515

Fixed-rate mortgage Mortgages Loans Investor 515

Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. Home prices increased across the board in May, leaping 16.6%

Fixed-rate mortgage 527

Fixed-rate mortgage Mortgages Renovation Lending 527

Housing Wire

MAY 21, 2025

Fannie Mae upwardly revised forecasts in its May 2025 Economic and Housing Outlook, reflecting modest improvements in economic growth expectations, as well as mortgage rates and home sales projections. Fannie Mae also lowered its forecast for mortgage rates. in 2025 and 2% in 2026 on an annualized basis.

Sales 232

Sales Fixed-rate mortgage Mortgages As-is 232

Housing Wire

DECEMBER 23, 2020

Mortgage applications jumped 0.8% a week after the 30-year fixed mortgage rate dropped five basis points to 2.85%, the trade group noted. The 30-year rate is up to 2.86% in the most recent MBA survey, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. the previous week.

Fixed-rate mortgage 538

Fixed-rate mortgage Mortgages FHA loan Loans 538

Housing Wire

MAY 28, 2025

The 5/1 option provides a fixed interest rate for the first five years, after which the rate adjusts annually based on market conditions. ARMs typically gain market share when rates are elevated, as borrowers can access lower initial rates compared to traditional fixed-rate mortgages.

VA loan 281

VA loan Loans FHA loan Fixed-rate mortgage 281

Housing Wire

NOVEMBER 23, 2022

“The decrease in mortgage rates should improve the purchasing power of prospective homebuyers, who have been largely sidelined as mortgage rates have more than doubled in the past year,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. year over year, increased 1.5%

As-is 397

As-is Mortgages Fixed-rate mortgage Loans 397

Housing Wire

JUNE 16, 2021

“The jump in refinances was the result of the 30-year fixed rate falling for the third straight week to 3.11%, which is the lowest since early May,” Kan said. ” Purchase applications were also down 17% from a year ago, the start of the mortgage boom, Kan said. “ U.S. from 11.2%.

Fixed-rate mortgage 515

Fixed-rate mortgage Mortgages Loans Industrial 515

Housing Wire

JANUARY 20, 2025

This housing market is on hold until mortgage rates come down. We knew that mortgage rates over 7% were possible for the year, and here we are. I still expect well spend most of the year under 7% for the 30-year fixed rate mortgage , but until that happens, home sales are at a standstill.

Sales 384

Sales Mortgages Staging Fixed-rate mortgage 384

Housing Wire

DECEMBER 23, 2021

The average 30-year-fixed rate mortgage dropped to 3.05% during the week ending Dec. 23, after achieving 3.12% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.66%. A year ago at this time, it averaged 2.19%.

Fixed-rate mortgage 458

Fixed-rate mortgage Mortgages Technology Closing 458

Housing Wire

JANUARY 6, 2022

The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. A year ago at this time, it averaged 2.16%.

Fixed-rate mortgage 500

Fixed-rate mortgage Mortgages Lending Loans 500

Housing Wire

JULY 15, 2021

The average 30-year fixed-rate mortgage fell two basis points from the week prior to 2.88%, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The summer swoon in mortgage rates continues as the 30-year fixed-rate mortgage fell for the third consecutive week,” Khater said.

Fixed-rate mortgage 500

Fixed-rate mortgage Mortgages Banks Investor 500

Housing Wire

NOVEMBER 2, 2023

Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year high. The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, according to Freddie Mac ‘s Primary Mortgage Market Survey.

Fixed-rate mortgage 473

Fixed-rate mortgage Mortgages MLS Investor 473

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 473

Fixed-rate mortgage Mortgages Construction Loans 473

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.

Mortgages 508

Mortgages Fixed-rate mortgage Banks Finance 508

Housing Wire

JUNE 15, 2023

“Bond yields and rates started to rise as the debt ceiling was getting closer and closer, and we have had such big bond market auctions to deal with that pushed yields higher, even after a tame inflation report,” Mohtashami said. Fed officials expect the federal funds rate to be at 5.6% The industry wants a complete stop.

As-is 384

As-is Industrial Fixed-rate mortgage Mortgages 384

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% 12 compared to a week earlier.

Fixed-rate mortgage 530

Fixed-rate mortgage Mortgages New Construction Construction 530

Housing Wire

NOVEMBER 18, 2021

Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%.

Fixed-rate mortgage 504

Fixed-rate mortgage Mortgages Loans Industrial 504

Housing Wire

JANUARY 4, 2024

In the first week of 2024, mortgage rates continued to stick around the mid 6% mark. The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4, a slight increase from the 6.61% rate recorded on Dec. 28 , according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Fixed-rate mortgage 441

Fixed-rate mortgage Mortgages MLS Loans 441

Housing Wire

JANUARY 20, 2022

The average 30-year-fixed rate mortgage climbed to 3.56% during the week ending Jan. 20, rising from 3.45% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.77%. Mortgage rates moved up again as the 10-year U.S.

Fixed-rate mortgage 458

Fixed-rate mortgage Mortgages Lending Loans 458

Housing Wire

SEPTEMBER 16, 2021

.” “The holding pattern in rates reflects the markets’ view that the prospects for the economy have dimmed somewhat due to the rebound in new COVID cases,” said Sam Khater, Freddie Mac’s chief economist. According to Freddie Mac, the 30-year-fixed-rate mortgage was down slightly from last week’s 2.88% (with an average of 0.7

Fixed-rate mortgage 479

Fixed-rate mortgage Mortgages Lending Loans 479

Housing Wire

AUGUST 12, 2021

The average 30-year fixed-rate mortgage rose to 2.87% for the week ending in August 12, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The increase follows six consecutive weeks of mortgage rate declines. Still, there has been some progress in the labor market.

Fixed-rate mortgage 485

Fixed-rate mortgage Mortgages Banks Finance 485

Housing Wire

JANUARY 27, 2022

The average 30-year-fixed rate mortgage declined one basis point from the week prior to 3.55% during the week ending Jan. 27, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.77%. A year ago at this time, it averaged 2.20%.

Fixed-rate mortgage 458

Fixed-rate mortgage Mortgages Banks Loans 458

Housing Wire

OCTOBER 7, 2021

The week before , rates had made it above the 3% mark for the first time since June. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates remain close to 3% as a result of continued unknowns in the financial markets, as the pandemic lingers on. Mortgage rates typically move in tandem with the ten-year U.S.

Mortgages 485

Mortgages Fixed-rate mortgage Banks Development 485

Housing Wire

OCTOBER 5, 2023

Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.49% as of Oct.

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages MLS Loans 450

Housing Wire

AUGUST 1, 2024

The average 30-year fixed-rate mortgage dropped to 6.62% on Thursday, a new low for 2024 that appears to be tied to the expectation that the Federal Reserve could move to cut interest rates at its next meeting in September. This is according to data reported by Mortgage News Daily.

Mortgages 512

Mortgages Fixed-rate mortgage Banks As-is 512

Housing Wire

OCTOBER 20, 2023

To conduct this analysis, Redfin compared median monthly mortgage payments for homebuyers in August 2023 and August 2022. On Thursday, 30-year fixed-rate mortgage rates crossed the 8% threshold , according to Mortgage News Daily. In March 2022, the 30-year fixed-rate mortgage averaged 3.56%.

Fixed-rate mortgage 500

Fixed-rate mortgage Marketing Mortgages Sales 500

Housing Wire

SEPTEMBER 20, 2023

The 30-year fixed mortgage rate increased to 7.31% last week, according to Kan. At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgage at 7.19% on Sunday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.30% on Tuesday.

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages FHA loan Loans 450

Housing Wire

APRIL 10, 2025

Its the result of a uniquely American mortgage structureone that unintentionally punishes mobility and paralyzes housing supply. homeowners hold mortgages below 4%, according to the Federal Housing Finance Agency. Unlike existing owners, these buyers have no low-rate loan to protect, no equity to leverage, and no fallback.

Design 224

Design Marketing Fixed-rate mortgage Finance 224

Housing Wire

DECEMBER 7, 2023

Mortgage rates continued their downward trajectory this week as the 10-year Treasury yield dropped below 4.2% The 30-year, fixed mortgage rate averaged 7.03% for the week ending Dec. 7, according to Freddie Mac ‘s Primary Mortgage Market Survey.

Mortgages 527

Mortgages Fixed-rate mortgage Investor Loans 527

Housing Wire

JANUARY 18, 2021

As the calendar flipped to 2021, it didn’t take long for the rise in mortgage rates. Just two weeks into the new year, Freddie Mac reported that mortgage rates climbed 14 basis points to 2.79% , a dramatic contrast to 2020, a year in which mortgage rates set record lows 16 times. in 2021 and 3.2%

Mortgages 545

Mortgages Fixed-rate mortgage Banks Industrial 545

Housing Wire

JANUARY 21, 2022

However, Khater did note that as rates rise, there will be some moderation in housing demand, causing home price growth to temper. Freddie anticipates that home purchase mortgage originations will increase in the next two years, spurred by demand coupled with house appreciation. in 2021 to 6.2% in 2022 and to cool further to just 2.5%

Fixed-rate mortgage 458

Fixed-rate mortgage Mortgages Lending Sales 458