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 493

Fixed-rate mortgage Mortgages Lending Loans 493

Housing Wire

JANUARY 12, 2022

“Mortgage rates increased significantly across all loan types last week as the Federal Reserve ’s signaling of tighter policy ahead pushed U.S. Rates at these levels are quickly closing the door on refinance opportunities for many borrowers.”. The average contract interest rate for 5/1 ARMs increased to 3.03% from 2.45

Loans 433

Loans Fixed-rate mortgage Mortgages VA loan 433

Housing Wire

NOVEMBER 10, 2021

Mortgage rates fell below 3% in the week ending November 10, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage declined to 2.98% last week, falling 11 basis points from 3.09% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged 2.84%.

Fixed-rate mortgage 477

Fixed-rate mortgage Mortgages Closing Loans 477

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 450

Fixed-rate mortgage Mortgages Lending Loans 450

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 450

Fixed-rate mortgage Mortgages Banks Loans 450

Housing Wire

AUGUST 18, 2021

“Despite a second-straight weekly decrease, average loan sizes remain close to record highs,” Kan said. Here is a more detailed breakdown of this week’s mortgage applications data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased to 3.06% from 2.9%.

Fixed-rate mortgage 441

Fixed-rate mortgage Mortgages Loans Industrial 441

Housing Wire

FEBRUARY 10, 2022

The average 30-year-fixed rate mortgage climbed to 3.69% for the week ending Feb. It’s the highest level since the start of the pandemic, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.73%.

Fixed-rate mortgage 404

Fixed-rate mortgage Mortgages Loans Banks 404

Housing Wire

JANUARY 25, 2024

Mortgage rates stabilized in the past week but remain close to the narrow range observed since the start of this month. The 30-year fixed-rate mortgage averaged 6.69% as of Jan. 25, an increase from last week’s figure of 6.60%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 397

Mortgages Fixed-rate mortgage MLS Banks 397

Housing Wire

FEBRUARY 3, 2022

The average 30-year-fixed rate mortgage remained flat for the third consecutive week at 3.55% for the week ending Feb. 3, reflecting the impacts of the Omicron variant in the economy, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.73%.

Fixed-rate mortgage 393

Fixed-rate mortgage Mortgages Residential Banks 393

Housing Wire

JULY 29, 2021

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.99%.

Fixed-rate mortgage 414

Fixed-rate mortgage Mortgages Investor Lending 414

Housing Wire

MAY 25, 2022

from a week earlier, “close to lows last seen in the spring of 2020 when a significant portion of activity was put on hold due to the onset of the pandemic,” said Kan. Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market.”. The seasonally adjusted purchase index rose 0.2% from 10.5%

Fixed-rate mortgage 415

Fixed-rate mortgage Mortgages VA loan Loans 415

Housing Wire

FEBRUARY 2, 2023

When the closing bell rang on Wednesday, the S&P 500 was up 1.05% and the tech-heavy Nasdaq rose 2% compared to the previous close. In turn, mortgage rates started a free fall. The yield curve also dropped, with the 10-year Treasury note down 13 basis points to 3.39%.

Fixed-rate mortgage 392

Fixed-rate mortgage Mortgages Marketing Loans 392

Housing Wire

JANUARY 27, 2021

A more secure closing process for everyone involved. The post Rising mortgage rates push applications lower appeared first on HousingWire. .” The seasonally adjusted purchase index decreased 4% from one week earlier, while the unadjusted purchase index increased 3 % compared with the previous week.

Fixed-rate mortgage 302

Fixed-rate mortgage Mortgages Loans Industrial 302

Housing Wire

DECEMBER 20, 2023

The latest weakness in existing home sales still reflects the buyer bidding process in most of October when mortgage rates were at a two-decade high before the actual closings in November,” NAR Chief Economist Lawrence Yun said in a statement. “A A marked turn can be expected as mortgage rates have plunged in recent weeks.”

Sales 391

Sales Fixed-rate mortgage MLS Mortgages 391

Housing Wire

OCTOBER 5, 2022

For a $2,500 mortgage payment and 20% down, a homebuyer in late September could afford a $476,000 home. On Tuesday, mortgage rates had fallen slightly to 6.65% on the average 30-year fixed rate mortgage, according to Mortgage News Daily. In early 2021, that figure was $759,000. the previous week.

Fixed-rate mortgage 388

Fixed-rate mortgage Mortgages Loans Industrial 388

Housing Wire

MAY 18, 2022

“Mortgage applications decreased for the first time in three weeks, as mortgage rates — despite declining last week — remained over two percentage points higher than a year ago and close to the highest levels since 2009,” Joel Kan, associate vice president of economic and industry forecasting at MBA, said in a statement.

Fixed-rate mortgage 393

Fixed-rate mortgage Mortgages Loans Residential 393

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 502

Mortgages Fixed-rate mortgage Banks Finance 502

Housing Wire

SEPTEMBER 16, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose to an average of 6.02% this week ahead of the Federal Reserve ’s much-anticipated interest rate hike next week. Daily mortgage rate calculators are showing 30-year fixed rates at 6.30% and above.

Fixed-rate mortgage 404

Fixed-rate mortgage Mortgages Loans Closing 404

Housing Wire

OCTOBER 7, 2021

The average 30-year-fixed mortgage rate slipped back down to 2.99% for the week ending Oct. The week before , rates had made it above the 3% mark for the first time since June. Mortgage rates typically move in tandem with the ten-year U.S. 7, according to Freddie Mac ’s latest PMMS survey.

Mortgages 477

Mortgages Fixed-rate mortgage Banks Development 477

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.

Loans 314

Loans VA loan FHA loan Mortgages 314

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. Borrowers need to understand that they may need to refinance before the fixed-rate period expires, sell the home, or be prepared to make higher payments, said Kan.

Fixed-rate mortgage 363

Fixed-rate mortgage Mortgages Loans Loan Officer 363

Housing Wire

DECEMBER 22, 2020

Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. There are two types of mortgages: fixed-rate and adjustable-rate. Fixed-rate mortgages have a set interest rate for the entirety of the loan.

Fixed-rate mortgage 414

Fixed-rate mortgage Pre-approval Mortgages Loan Officer 414

Housing Wire

MAY 4, 2022

Treasury yields eased slightly last week but remained close to 2018 highs, as financial markets await the news from the Federal Reserve on its latest plans for rate hikes and reducing its balance sheet holdings,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement. from the prior period.

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Fixed-rate mortgage Mortgages VA loan Loans 369

Housing Wire

JANUARY 19, 2024

Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November. But we can’t blame high mortgage rates for the deficit in transactions last year. In 2023, 4.09 million units in December, down 1.0%

Fixed-rate mortgage 428

Fixed-rate mortgage Sales MLS Mortgages 428

Housing Wire

APRIL 20, 2022

As ARM loans typically have lower rates than fixed rate mortgages, and as this spread has widened, ARM loans have become more attractive to borrowers already facing home purchase loan amounts close to record highs,” Kan added in a statement. The refinance share of mortgage activity decreased to 35.7%

Fixed-rate mortgage 403

Fixed-rate mortgage Mortgages Loans Industrial 403

Housing Wire

JUNE 30, 2022

According to those sources, FGMC adopted an aggressive pricing strategy to purchase loans from correspondent partners, often paying 20 basis points higher than other investors on 30-year fixed-rate mortgages. The company said the bankruptcy action has no impact on closed mortgages, which are already serviced by third parties.

Bankruptcy 545

Bankruptcy Fixed-rate mortgage Lending Loans 545

Housing Wire

AUGUST 10, 2023

Mortgage , and/or Closing Cost Credit. For eligible borrowers at or below 80% AMI, the mortgage program allows a 3% down payment on a fixed-rate mortgage and the closing cost credit program provides up to $5,000 to use toward closing costs.

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

Housing Wire

JANUARY 21, 2021

The average mortgage rate for a 30-year fixed loan fell two basis points last week to 2.77%, according to Freddie Mac ’s Primary Mortgage Market Survey. 7 , rates more closely resemble those seen over two months ago. The 15-year fixed mortgage rate also shifted downward to 2.21

Mortgages 536

Mortgages Fixed-rate mortgage Loans Closing 536

Housing Wire

APRIL 9, 2024

O n April 2, Hunterbrook Media reported that over 8,600 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, more than double the number of partners sending 99% of their loans to the lender in 2020. In response, the company said its average rate for the $97.6 UWM ended 2023 as the top U.S.

Fixed-rate mortgage 388

Fixed-rate mortgage Loans Mortgages Loan Officer 388

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The survey also indicates a large dispersion in rates, meaning that homebuyers can save hundreds of dollars by shopping around with different lenders.

Mortgages 450

Mortgages Fixed-rate mortgage Loans Loan Officer 450

Housing Wire

AUGUST 10, 2021

For the first time since December 2019, purchase mortgages represented a higher percentage of closed mortgages than refinances. Purchase mortgages rose to 51% of closed mortgages in June, up from 47% in May, according to the latest origination report from ICE Mortgage Technology (formerly Ellie Mae).

Mortgages 393

Mortgages Fixed-rate mortgage Marketing Lending 393

Housing Wire

MARCH 30, 2023

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. The survey shows the same rate was 4.67% a year ago. However, the same rate was 15 basis points higher compared to last Friday.

Marketing 516

Marketing Fixed-rate mortgage Banks Mortgages 516

Housing Wire

JANUARY 18, 2021

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. Freddie Mac’s quarterly forecast estimates that the average 30-year fixed-rate mortgage will be 2.9%

Mortgages 545

Mortgages Fixed-rate mortgage Banks Industrial 545

Housing Wire

SEPTEMBER 14, 2023

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 7.18% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time. 14, up from last week ’s 7.12%.

Mortgages 423

Mortgages Fixed-rate mortgage Investor MLS 423

Housing Wire

OCTOBER 20, 2022

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. A year ago at this time, rates averaged 3.09%.

Mortgages 402

Mortgages Fixed-rate mortgage Loans Construction 402

Housing Wire

OCTOBER 26, 2023

David Spector, chairman and CEO, told analysts that the company had “outstanding results” even as mortgage rates neared 8% in Q3. According to Spector, many of the borrowers who are locked in a low, fixed-rate mortgage are incentivized to stay in their homes. quarter over quarter and 57.9%

Fixed-rate mortgage 385

Fixed-rate mortgage Principal Banks Loans 385

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.

FHA loan 431

FHA loan Mortgages VA loan Fixed-rate mortgage 431