Housing Wire

JANUARY 13, 2021

Mortgage applications jumped 16.7% drop last week , according to the Mortgage Bankers Association. Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said.

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Housing Wire

JUNE 5, 2024

Mortgage applications dropped 5.2% for the week ending May 31 compared to the prior week, according to the Mortgage Bankers Association (MBA), results that include an adjustment for the Memorial Day holiday. Mortgage rates moved slightly higher last week, with the 30-year conforming rate reaching 7.07

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Housing Wire

MAY 25, 2022

Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. .

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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. Purchase applications last week were 14% lower than last year, with more activity in the larger loan sizes, said Kan. The MBA expects 5.93

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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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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.

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Housing Wire

NOVEMBER 4, 2020

With mortgage rates continuing to hover near record lows, mortgage applications jumped 3.8% last week according to a report from the Mortgage Bankers Association (MBA). The 30-year fixed mortgage rate remained essentially unchanged at 3.01 The VA share of applications increased to 12.2%

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Housing Wire

SEPTEMBER 25, 2024

Mortgage rate declines appear to be having a positive impact on borrower demand as MBA data showed that the 30-year fixed rate declined for an eighth straight week, reaching 6.13%. Rising home prices are reflected in larger loan sizes. Adjustable-rate mortgages (ARMs) accounted for 5.9%

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Housing Wire

MARCH 24, 2021

“As both home-price growth and mortgage rates continue this upward trend, we may see affordability challenges become more severe if new and existing supply does not significantly pick up.”. That’s coupled with a rise in mortgage rates , too. The VA share of total mortgage applications decreased to 9.8%

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Housing Wire

MARCH 17, 2021

Mortgage applications dropped for the second straight week — falling 2.2%, according to the latest report from the Mortgage Bankers Association. The continued increase in mortgage rates is to blame, according to MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan. from 11.1% the week prior.

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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 the previous week.

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Housing Wire

OCTOBER 7, 2020

Refinances continued to hover around two-thirds the share of mortgage activity as they increased to 65.4% The average loan size increased again to a new record at $371,500, as activity in the higher loan size categories continues to lead growth.”. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 2.2%

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Housing Wire

SEPTEMBER 6, 2024

Mortgage rates remained flat following a jobs report on Friday that continued to show a cooling labor market. Mortgage rate pricing for homebuyers hasn’t changed significantly as lenders have already priced in a Federal Reserve rate cut of 25 basis points (bps) that is expected later this month, loan originators told HousingWire.

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Housing Wire

JULY 28, 2021

Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates. 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. from 10.5%.

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Housing Wire

MAY 12, 2021

of total mortgage applications from 61% the previous week. The VA share of total applications also decreased, from 11.9% The post Mortgage applications jump as rates fall to 2.96% appeared first on HousingWire. That’s also around the time the COVID-19 pandemic began spreading throughout the country, he noted.

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Housing Wire

APRIL 7, 2021

Mortgage applications decreased for the fifth straight week – this time down 5.1%, according to the latest report from the Mortgage Bankers Association. Refinance mortgage applications declined for the fifth straight week. However, the VA share of total mortgage applications increased to 13.38% from 10.3%

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Housing Wire

JANUARY 6, 2021

But mortgage applications dropped during the week ending Jan. The VA share of total mortgage applications increased to 13.6% The post Mortgage applications drop over holidays appeared first on HousingWire. 1 – an annual occurrence during the holiday season. That should change as the year progresses, Kan said.

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Housing Wire

JUNE 26, 2023

The serious delinquency rate also decreased to 0.6% at the end of Q1, “compared with 4.01% for Federal Housing Administration (FHA) loans, 2.26% for Veterans Affairs (VA) loans, and 1.73% for all loans (industry average),” the report said.

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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.

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Housing Wire

MAY 19, 2021

. “Ongoing volatility in refinance applications is likely if rates continue to oscillate around current levels,” Kan said. As a result, home prices and average purchase loan balances continue to rise, with the average purchase application reaching $411,400 — the highest since February.”. of total mortgage applications from 61.3%

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Marco Santarelli

JANUARY 2, 2025

Mortgage rates have risen today, January 2, 2025, making it essential for potential homebuyers to stay informed and make smart financial decisions. As per the latest data from Zillow , the average 30-year fixed mortgage rate has climbed to 6.70% , while the 15-year fixed rate has increased to 6.10%.

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Housing Wire

MAY 5, 2022

According to Sam Khater, Freddie Mac’s chief economist, while mortgage rates are rising, house price appreciation will decline later in the year. Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,” Khater said in a statement. from the previous week.

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Marco Santarelli

APRIL 16, 2025

If you're planning to secure a mortgage or refinance your existing loan, today's mortgage rates – April 16, 2025 have dropped significantly across multiple loan types. This decline is largely due to recent decreases in the 10-year Treasury yield, an important indicator lenders use to determine mortgage rates.

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Housing Wire

AUGUST 23, 2023

Mortgage applications fell for the fifth consecutive week as the 30-year fixed-rate mortgage rose to 7.31%, its highest level since December 2000. For the week that ended August 18, mortgage applications fell 4.2% from the prior week , according to data from the Mortgage Bankers Association.

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Housing Wire

AUGUST 7, 2023

Independent mortgage bankers use lines of credit to fund all of their loans and therefore must sell them promptly on the secondary mortgage market. The bottom line is that the secondary mortgage market is the platform that powers the entire mortgage ecosystem in the U.S.

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Housing Wire

MAY 3, 2023

Mortgage applications fell last week by 1.2% on a seasonally adjusted basis compared to one week earlier, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The 30-year fixed rate decreased five basis points to 6.5%

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Housing Wire

APRIL 19, 2023

As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. Overall, mortgage applications fell last week by 8.8% in the same period.

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Marco Santarelli

MARCH 4, 2025

When the Fed lowers the federal funds rate, it can lead to lower mortgage rates. The market is constantly watching the Fed for clues about future rate adjustments. As of right now, the expectation is that interest rate cuts may not happen before the end of the year 2025. mortgage rates.

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Marco Santarelli

MARCH 2, 2025

Mortgage rates are a crucial aspect of home buying. As of today, March 2, 2025, mortgage rates are around 6.30% , marking a significant drop from earlier months due to shifts in the economic landscape. 15-Year Rates: These stand at about 5.60% , appealing for borrowers wanting lower long-term interest costs.

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Marco Santarelli

FEBRUARY 28, 2025

As of February 28, 2025 , mortgage rates are at their lowest levels this year. According to Zillow , the national average for a 30-year fixed mortgage is 6.31% , and the 15-year fixed rate is 5.61%. The 30-year fixed rate is currently 6.31%. The 15-year fixed rate has dropped to 5.61%.

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Marco Santarelli

JANUARY 25, 2025

As of January 25, 2025, mortgage refinance rates are showing some interesting trends that could potentially benefit you. The market is certainly not what it was a couple of years ago with those rock-bottom rates, but its also not as high as it could be. So, if youre comparing rates, be sure youre looking at the correct ones.

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Marco Santarelli

DECEMBER 31, 2024

As of December 31, 2024, mortgage rates have displayed a noteworthy decrease across various terms, bringing both hope and opportunity to prospective homebuyers and those considering refinancing their existing mortgages. 20-Year Fixed 6.48% -0.10 15-Year Fixed 6.03% -0.09 30-Year VA 6.08% -0.04

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Marco Santarelli

DECEMBER 28, 2024

Understanding today's mortgage rates can be quite overwhelming, especially with all the fluctuations in the market. As of December 28, 2024, mortgage rates are showing a blend of stability and slight increases, which could impact potential buyers and homeowners looking to refinance.

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Marco Santarelli

FEBRUARY 26, 2025

Are you glued to your screen, constantly refreshing to find out today's mortgage rates ? As of February 26, 2025, we've seen a welcome dip in mortgage rates. The average 30-year fixed-rate mortgage is currently sitting at 6.35%. So, yes, rates are down today, but keep those expectations in check.

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Marco Santarelli

MARCH 11, 2025

As of today, March 11, 2025, mortgage rates are showing signs of fluctuation, with the 30-year fixed interest rate increasing slightly to 6.34% , while the 15-year fixed rate has decreased to 5.62%. They directly affect monthly mortgage payments and the overall cost of purchasing a home.

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Marco Santarelli

DECEMBER 22, 2024

Mortgage rates are a critical consideration for anyone looking to borrow money for a home. As of December 22, 2024, the average 30-year fixed mortgage rate has increased to 6.67% , marking its highest point since June 2024. Treasury Yields: The 10-year Treasury yield is a significant benchmark for mortgage rates.

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Marco Santarelli

APRIL 30, 2025

As of April 30, 2025 , mortgage rates have seen a notable decrease, with the average 30-year fixed mortgage rate dropping to 6.59% , down 28 basis points from the previous week. The 15-year fixed rate has also fallen to 5.91% , which marks a significant opportunity for borrowers looking to secure a better deal.

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