Housing Wire

MARCH 24, 2022

The national median monthly mortgage payment settled in loan applications increased 8.3%, from $1,526 in January to $1,653 in February, according to a survey published Thursday by the Mortgage Bankers Association. Conventional loans’ national median mortgage payment went from $1,582 in January to $1,749 in February.

FHA loan 506

FHA loan Fixed-rate mortgage Loan Officer Principal 506

Housing Wire

NOVEMBER 30, 2021

Regarding purchase activity, he said the increase in applications was driven by a 6% growth in conventional loans apps, which tend to be larger than government loans. The average loan amount increased to $414,700, the highest since February. For jumbo mortgage loans (greater than $548,250), it went to 3.27% from 3.28%.

Mortgages 390

Mortgages VA loan FHA loan Fixed-rate mortgage 390

Housing Wire

NOVEMBER 24, 2021

The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) increased to 3.24%, four basis points higher than the previous week. For jumbo mortgage loans (greater than $548,250), it went to 3.28% from 3.26%. VA loans consisted of 10.3%

Mortgages 424

Mortgages VA loan FHA loan Fixed-rate mortgage 424

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 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 example, FHA and VA refis jumped 4% and 12%, respectively. . on the previous week. in the period.

Mortgages 392

Mortgages VA loan FHA loan Fixed-rate mortgage 392

Housing Wire

JULY 28, 2021

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. “With over 95% of refinance applications for fixed rate mortgages, borrowers are looking to secure a lower rate for the life of their loan,” Kan said Wednesday.

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Housing Wire

JUNE 23, 2021

from 0.25 (including the origination fee) for 80% LTV loans. from 0.25 (including the origination fee) for 80% LTV loans. The post Mortgage applications rise again, despite rates jump appeared first on HousingWire.

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Housing Wire

JANUARY 13, 2021

The post New-year optimism reflected in mortgage applications jump appeared first on HousingWire.

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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 26, 2021

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

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Fixed-rate mortgage Mortgages Loans Industrial 498

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

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Fixed-rate mortgage Mortgages Loans Industrial 441

Housing Wire

APRIL 28, 2021

Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.17% from 3.2%

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages Loans Industrial 450

Housing Wire

APRIL 21, 2021

Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.2% The post Mortgage applications rebound following drop in rates appeared first on HousingWire.

Fixed-rate mortgage 457

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Housing Wire

MARCH 17, 2021

The post Mortgage applications continue to fall as rates climb appeared first on HousingWire.

Fixed-rate mortgage 404

Fixed-rate mortgage Mortgages Loans Construction 404

Housing Wire

APRIL 7, 2021

The post Rising rates push mortgage applications down for fifth week appeared first on HousingWire.

Fixed-rate mortgage 367

Fixed-rate mortgage Mortgages Loans Industrial 367

Housing Wire

JANUARY 6, 2021

Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 2.86% from 2.9% The post Mortgage applications drop over holidays appeared first on HousingWire.

Fixed-rate mortgage 402

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Housing Wire

MARCH 31, 2021

The average contract interest rate for 30-year fixed-rate mortgages decreased to 3.29% from 3.35% — the first decrease in three weeks The average contract interest rate for 15-year fixed-rate mortgages decreased to 2.71% from 2.72% The average contract interest rate for 5/1 ARMs increased to 2.85% from 2.79%.

Fixed-rate mortgage 424

Fixed-rate mortgage Mortgages Loans Lending 424

Housing Wire

OCTOBER 7, 2020

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) fell to 3.01% from 3.05%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) fell to 3.31% from 3.33%.

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages Loans As-is 450

Housing Wire

MAY 12, 2021

The post Mortgage applications jump as rates fall to 2.96% appeared first on HousingWire.

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Housing Wire

MARCH 24, 2021

The post Mortgage applications dip as home prices climb appeared first on HousingWire.

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HomeLight

NOVEMBER 6, 2023

Here are some common types of mortgage loans and their assumability: 1. FHA loans Federal Housing Administration ( FHA ) loans are often assumable. This means that a qualified buyer can take over the existing FHA loan, subject to lender approval.

FHA loan 102

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Eye on Housing

JULY 27, 2022

Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% Conventional loans financed 74.8% NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. in Q2 2022–its smallest share since early 2008.

FHA loan 99

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Housing Wire

FEBRUARY 24, 2021

The post Texas storm deflates mortgage application numbers appeared first on HousingWire.

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Fixed-rate mortgage Mortgages Loans Industrial 250

Marco Santarelli

APRIL 24, 2024

Additionally, consider the potential tax benefits of homeownership, such as the mortgage interest tax deduction. Beyond the Fixed-Rate Mortgage: Exploring Loan Options When navigating mortgage options, it's not just about the current interest rate environment.

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Housing Wire

APRIL 5, 2023

The MBA data shows the average contract interest rate for a conventional 30-year fixed-rate mortgage ($726,200 or less) fell five basis points from the prior week to 6.40% last week. Rates on jumbo loans (greater than $726,200) increased to 6.36% from 6.27%.

Loans 403

Loans Mortgages Fixed-rate mortgage Banks 403

Housing Wire

DECEMBER 12, 2023

Assuming a 30-year fixed rate mortgage of 7% with 20% down payment, the monthly payment would be roughly $2,100. Data are limited to all FHA loans and conventional loans with CLTV 76-80 and FICO 720-770 to control for the effect of loan level pricing adjustments.

Debt-to-income ratio 412

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 412

Lab Coat Agents

FEBRUARY 7, 2023

The most common types of mortgages are: 30-year fixed-rate mortgage: With this type of loan, the interest rate remains fixed for the entire term, typically 30 years. This makes for predictable monthly payments and means you won’t have to worry about your rate going up in the future.

FHA loan 96

FHA loan VA loan Pre-approval Fixed-rate mortgage 96

Point2Homes

AUGUST 26, 2021

Here are the most common types to look out for: Fixed-Rate Mortgages. These mortgages span several years and feature an interest rate that stays the same for the duration. A 15-year fixed-rate mortgage allows you to pay off your loan in half the time, but your monthly payments will be significantly higher.

Loans 103

Loans Mortgages Fixed-rate mortgage FHA loan 103

Housing Wire

OCTOBER 21, 2020

Fratantoni brought up this point, saying that short-term rates will stay at 0% at least until 2022 and said that we will see a very cautious Fed when it comes to raising rates from here. However, he forecasted that rates will steadily rise over the next year. Housing inventory and prices.

Mortgages 404

Mortgages FHA loan Fixed-rate mortgage Loans 404

RIS Media

NOVEMBER 4, 2020

. “Mortgage rates continue to hover at record lows this fall. The 30-year fixed mortgage rate remained essentially unchanged at 3.01 “The drop in rates spurred an uptick in demand for refinances. from 0.35 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages FHA loan Loans 102

RIS Media

NOVEMBER 9, 2020

. “Mortgage rates continue to hover at record lows this fall. The 30-year fixed mortgage rate remained essentially unchanged at 3.01 “The drop in rates spurred an uptick in demand for refinances. from 0.35 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

Fixed-rate mortgage 70

Fixed-rate mortgage Mortgages FHA loan Loans 70

Norada Real Estate

JUNE 22, 2022

If your down payment is lower than 20%, your loan-to-value ratio for conventional financing will be higher than 80%, and your lender may require you to pay private mortgage insurance. Types of Mortgage Options For Financing Turnkey Rental Properties. Fixed-rate mortgages.

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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.

Mortgages 404

Mortgages Marketing FHA loan Lending 404

HomeLight

OCTOBER 15, 2020

Here’s a quick rundown of the three major government-backed loans. FHA loans : These are mortgages offered by the Federal Housing Administration , and they’re geared toward buyers with lower credit scores who don’t qualify for a conventional loan. Fixed-rate mortgage.

Loans 94

Loans FHA loan Debt-to-income ratio VA loan 94

RIS Media

DECEMBER 9, 2020

Refinance activity increased last week in response to mortgage rates for 30-year, 15-year and FHA loans hitting their lowest levels in MBA’s survey. The increase in refinance applications was driven by FHA and VA refinances, while conventional activity fell slightly. The effective rate increased from last week.

Fixed-rate mortgage 73

Fixed-rate mortgage Mortgages FHA loan Loans 73

Eye on Housing

AUGUST 12, 2020

Over the last two weeks, the Mortgage Bankers Association’s tracked 30-year fixed-rate mortgage average rate fell by 14 basis points to 3.06%, a new record low in the series. On a seasonally adjusted basis, purchasing activity increased.

Fixed-rate mortgage 120

Fixed-rate mortgage Mortgages VA loan FHA loan 120

Realty Biz

APRIL 8, 2024

No seller wants to take their home off the market if a buyer can’t prove they can obtain a mortgage. What Type of Mortgage Should I Choose? Fixed-rate mortgages keep the same interest rate for the entire loan term, while adjustable-rate mortgages (ARMs) can change.

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Pre-qualification Pre-approval Closing costs FHA loan 57