Housing Wire
DECEMBER 23, 2020
Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. 18, according to the latest report from the Mortgage Bankers Association. Mortgage applications jumped 0.8% Mortgage rates are closing the year at record lows,” Kan said.
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
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.
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 jumbo mortgage loans (greater than $548,250), rates went to 3.31% from 3.32% the week prior.
HomeLight
NOVEMBER 20, 2023
Along with the obvious advantage of a lower interest rate, an assumed loan can also come with fewer transaction fees and greater speed. There are typically fewer fees involved when you do an assumable mortgage rather than a new origination. Generally, government-backed or insured loans are the most common assumable loans.
Marco Santarelli
APRIL 24, 2024
Refinancing essentially allows you to replace your current loan with a new one with a lower interest rate, potentially bringing substantial relief to your monthly payments. It's important to consider any associated fees with refinancing, such as closing costs, to ensure it makes financial sense in your situation.
Housing Wire
APRIL 13, 2021
On average, Black Knight estimated a typical credit score for a conforming loan was around 751 in March, six points lower than a year ago. On the other hand, credit scores averaged close to 666 for FHA loans, around four points higher year-over-year.
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