Housing Wire

NOVEMBER 30, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said mortgage rates rose for the third week in a row, reducing incentives for many borrowers to refinance. Over the past three weeks, rates are up 15 basis points, and refinance activity has declined over 18%,” he said. in the same period.

Mortgages 375

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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 22, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that the average purchase loan increased to $416,200. of total mortgage applications, up from 63.3% VA loans comprised 11.5%, an increase of nine basis points. The share of USDA loans was 0.5%. Refi apps fell 42.4%

Mortgages 385

Mortgages VA loan FHA loan Fixed-rate mortgage 385

Housing Wire

JULY 28, 2021

The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and the potential economic fallout, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. And the 15-year rate fell to a record low last seen in 1990.

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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.

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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

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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Housing Wire

APRIL 21, 2021

The jump in applications can be traced to mortgage rates falling to the lowest level in two months, prompting a small resurgence in refinance activity, said Joel Kan, MBA associate vice president of economic and industry forecasting. The post Mortgage applications rebound following drop in rates appeared first on HousingWire.

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Housing Wire

JUNE 23, 2021

The 30-year fixed mortgage rate also rose to 3.18% — the highest level in a month, according to the MBA. Purchase activity was higher for the third straight week, according to Joel Kan, MBA’s vice president of economic and industry forecasting. from 0.25 (including the origination fee) for 80% LTV loans.

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Housing Wire

APRIL 7, 2021

As has been the case for several weeks now, rising mortgage rates and low inventory are contributing to the slowdown in mortgage applications, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Housing Wire

MAY 12, 2021

. “The decline in rates helped the refinance index reach its highest level in eight weeks, driven by a 4% increase in conventional refinances,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. He added that mortgage rates have moved higher in tandem with Treasury yields.

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Housing Wire

APRIL 28, 2021

Mortgage applications decreased despite mortgage rates falling for the third week in a row, indicating high prices and low inventory, said Joel Kan, MBA associate vice president of economic and industry forecasting. The post Applications drop, despite falling mortgage rates appeared first on HousingWire.

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Housing Wire

JANUARY 6, 2021

Mortgage rates continued 2020’s trend at historically low figures, with the 30-year fixed rate at 2.86% and the 15-year fixed rate at a survey low of 2.40%, according to Joel Kan, MBA’s associate vice president of economic and industry Forecasting.

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Housing Wire

MARCH 31, 2021

But rising mortgage rates — and home prices that have remained high for months — are making a dent in mortgage applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. The post Mortgage applications fall for fourth week appeared first on HousingWire.

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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 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 5/1 ARMs fell to 2.8%

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Housing Wire

FEBRUARY 24, 2021

The severe winter weather in Texas played played a prominent role in the survey’s declining numbers, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. ” The refinance share of mortgage activity decreased to 68.5% of total applications from 69.3% the previous week.

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Housing Wire

OCTOBER 21, 2020

However, due to the narrow industry focus of the job losses, this downturn has proved much different than what the economy saw in 2009. The chart below shows interest rates for the 30-year fixed-rate mortgage will end this year at about 3% and could hit around 3.3% MBA forecasts mortgage originations to total $3.18

Mortgages 405

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RIS Media

NOVEMBER 4, 2020

The 30-year fixed mortgage rate remained essentially unchanged at 3.01 percent last week, but rates for 15-year fixed-rate loans, FHA loans and jumbo loans all fell to new MBA survey lows,” said Joel Kan, MBA’s associate vice president of Economic and Industry Forecasting.

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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. growth markets.

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RIS Media

NOVEMBER 9, 2020

The 30-year fixed mortgage rate remained essentially unchanged at 3.01 percent last week, but rates for 15-year fixed-rate loans, FHA loans and jumbo loans all fell to new MBA survey lows,” said Joel Kan, MBA’s associate vice president of Economic and Industry Forecasting.

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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.

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Realty Biz

MARCH 30, 2023

Understand the Types of Mortgages, Interest Rates, and Fees Before you can get started, it's important to understand the different types of mortgages available and the associated interest rates. To get the best rate for your situation, be sure to look closely at each type of mortgage.

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RIS Media

MARCH 28, 2022

Key findings; The national median mortgage payment applied for by applicants was $1,653 in February, up from $1,526 in January, $1,383 in December 2021, and $1,316 in February 2021. The national median mortgage payment for FHA loan applicants was $1,201 in February, up from $1,142 in January and $1,009 in February 2021.

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Realty Biz

SEPTEMBER 30, 2023

These lenders understand the challenges you might be facing and are willing to work with you to find a suitable mortgage option with scores down to 500. Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements.

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Housing Wire

MARCH 24, 2023

There was also a slight reduction in the serious delinquency rate from Q3 to Q4, dropping from 0.68% to 0.65% by the end of the fourth quarter. Comparatively, the serious delinquency rate for Federal Housing Administration (FHA) loans was 4.4%

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Housing Wire

JANUARY 20, 2021

. “Market expectations of a larger than anticipated fiscal relief package , which is expected to further boost economic growth and lower unemployment, have driven Treasury yields higher the last two weeks,” said Joel Kan, MBA associate vice president of economic and industry forecasting. pullback in government refinances.”.

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Housing Wire

MAY 19, 2021

Mortgage rates were still lower than levels reported in late March and early April, providing additional opportunity for borrowers to refinance, said Joel Kan, MBA associate vice president of economic and industry forecasting. The post Mortgage applications increase for second straight week appeared first on HousingWire.

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HomeLight

JUNE 22, 2023

Credit scores typically fall into one of these ratings: 580 and below: poor 580-669: fair 679-739: good 740-799: very good 800-850: excellent The minimum credit score you need to be approved for a mortgage will depend on what kind of loan you are applying for. Q: Should I get a fixed-rate or adjustable-rate mortgage?

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HomeLight

JANUARY 27, 2021

A great agent also has relationships across the industry. Other features : Interest rates are low with USDA loans, but they do come with a 1% upfront fee, and a small monthly fee on top of that. Other features : FHA loans have higher rates and fees than other options, and they require mortgage insurance.

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