Housing Wire

NOVEMBER 24, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that purchase activity increased for the third straight week, as housing demand remains robust, even as the housing market approaches the typically slower holiday season. The overall market composite index dipped 24.5% in the period.

Mortgages 427

Mortgages VA loan FHA loan Fixed-rate mortgage 427

Housing Wire

JANUARY 13, 2021

“Even with the rise in mortgage rates, refinancing did not slow to begin the year, with the index hitting its highest level since last March,” said Kan. “Both conventional and government refinance applications increased, with applications for government loans having their strongest week since June 2012.”. from 10.1%

Fixed-rate mortgage 504

Fixed-rate mortgage Mortgages Loans Industrial 504

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 511

FHA loan Fixed-rate mortgage Loan Officer Principal 511

Housing Wire

JULY 28, 2021

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. from 64.9% the previous week. from 10.5%.

Fixed-rate mortgage 384

Fixed-rate mortgage Mortgages Loans Finance 384

Housing Wire

NOVEMBER 30, 2021

However, mortgage applications declined across the board in comparison to a year ago. The overall market composite index dipped 29.6% 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.

Mortgages 360

Mortgages VA loan FHA loan Fixed-rate mortgage 360

Housing Wire

MARCH 17, 2021

“Purchase market activity was up 5% from a year ago, as the recovering job market and demographic factors drive demand, despite ongoing supply and affordability constraints,” Kan said. The refinance share of mortgage activity decreased as well, to 62.9% The FHA share of total mortgage applications increased to 11.7%

Fixed-rate mortgage 408

Fixed-rate mortgage Mortgages Loans Construction 408

Housing Wire

APRIL 21, 2021

. “Borrowers acted on the decrease in rates for most loan types, with both conventional and government refinance applications showing gains,” Kan. The spring housing market also saw a boost from lower rates, with purchase applications — driven by a jump in conventional applications — increasing over 5%.”

Fixed-rate mortgage 466

Fixed-rate mortgage Mortgages Loans Industrial 466

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.

VA loan 375

VA loan FHA loan Fixed-rate mortgage Banks 375

Housing Wire

JUNE 9, 2021

“Most of the decline in mortgage rates came late last week, with the 30-year fixed-rate mortgage declining to 3.15 Compared to last year, fewer people are applying for purchase mortgages, the MBA reported, as home prices continue to rise and prospective buyers avoid astronomical bidding wars.

Fixed-rate mortgage 442

Fixed-rate mortgage Mortgages Loans Industrial 442

Housing Wire

JUNE 23, 2021

. “Despite the jump in rates, refinances also increased for the second consecutive week, pushed higher by a 4% bump in conventional refinance applications,” Kan said, “Government purchase applications drove most of last week’s increase, which also contributed to a slightly lower overall average purchase loan size.”.

Fixed-rate mortgage 336

Fixed-rate mortgage Mortgages Loans Construction 336

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. of total mortgage applications from 61% the previous week.

Fixed-rate mortgage 432

Fixed-rate mortgage Mortgages Loans Industrial 432

Housing Wire

OCTOBER 7, 2020

“Continuing the trend seen in recent months, the purchase market is growing at a strong clip,” Kan said. 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%

Fixed-rate mortgage 452

Fixed-rate mortgage Mortgages Loans As-is 452

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.

Fixed-rate mortgage 477

Fixed-rate mortgage Mortgages Loans Land 477

HomeLight

NOVEMBER 6, 2023

For some home shoppers, there’s a potential solution: assumable mortgages. Assuming a mortgage allows you to step into the shoes of the seller and take over their loan, often at a lower interest rate. Get Started What is an assumable mortgage? Which mortgage loans are assumable? VA funding fee.

FHA loan 101

FHA loan VA loan Mortgages Marketing 101

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. Refinance mortgage applications declined for the fifth straight week.

Fixed-rate mortgage 332

Fixed-rate mortgage Mortgages Loans Industrial 332

Housing Wire

APRIL 28, 2021

. “Even with a few weeks of lower rates, most borrowers have likely already refinanced, which is why activity has decreased in seven of the last eight weeks,” Kan said. The purchase market’s recent slide comes despite a strengthening economy and labor market.

Fixed-rate mortgage 413

Fixed-rate mortgage Mortgages Loans Industrial 413

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% in Q2 2022–its smallest share since early 2008. of new home sales in the second quarter of 2022—a 1.8 percentage point quarter-over-quarter decline. Read More ›

FHA loan 124

FHA loan Loans Sales Finance 124

Housing Wire

APRIL 13, 2021

The share of refinances in mortgage origination volume dipped below 50% for the first time in 15 months in March, according to Black Knight ‘s new monthly data report, the Originations Market Monitor. On the other hand, credit scores averaged close to 666 for FHA loans, around four points higher year-over-year.

Mortgages 410

Mortgages Marketing FHA loan Lending 410

Housing Wire

MARCH 31, 2021

“Record-low inventory is pushing home-price growth at double the rate from a year ago, and even above the 10% growth rates seen in 2005,” Kan said. “The housing market is in desperate need of more inventory to cool price growth and preserve affordability.

Fixed-rate mortgage 431

Fixed-rate mortgage Mortgages Loans Lending 431

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. Bin width is 0.125.

Debt-to-income ratio 388

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 388

Housing Wire

FEBRUARY 24, 2021

The adjustable-rate mortgage share of activity increased to 2.7% The housing market in most of the country remains strong, with activity last week 7% higher than a year ago,” Kan said. The FHA share of total mortgage applications increased to 11.2% of total applications. from 9% the week prior.

Fixed-rate mortgage 227

Fixed-rate mortgage Mortgages Loans Industrial 227

Lab Coat Agents

FEBRUARY 7, 2023

Are you in the market to buy your first home? How To Get The Best Mortgage Rate You can do a few things to ensure you get the best mortgage rate possible. First, compare rates from several lenders. Next, consider the type of loan that’s right for you. What Is A USDA Loan?

FHA loan 96

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

HomeLight

OCTOBER 15, 2020

We talked to Jessica Sanchez, Director of Underwriting & Loan Management at HomeLight Home Loans, to walk through the ins and outs of conventional loans. What’s a conventional loan? A conventional loan is a private mortgage that’s not backed by the federal government (we’ll get to government loans in a bit).

Loans 93

Loans FHA loan Debt-to-income ratio VA loan 93

Marco Santarelli

APRIL 24, 2024

Should you put your homebuying dreams on hold, hoping for rates to decrease, or lock in a loan now? While high rates translate to larger monthly payments, waiting for a potential drop comes with its own set of challenges. But here's the rub: the housing market is a dynamic entity, and its future trajectory can be unpredictable.

Pre-approval 52

Pre-approval Mortgages FHA loan Fixed-rate mortgage 52

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 397

Mortgages FHA loan Fixed-rate mortgage Loans 397

Windemere Buying

FEBRUARY 14, 2022

So, which home loan is the right one for you? Knowing the different types of mortgage loans available to you will allow you to pinpoint the one that best fits your needs and is financially viable. Due to the added risk taken on by the lender, non-conforming loans typically have higher rates. government.

Loans 52

Loans Fixed-rate mortgage VA loan FHA loan 52

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. Among them, non-recourse loans, hard money loans, and private loans are the most popular. Among them, non-recourse loans, hard money loans, and private loans are the most popular.

Finance 96

Finance FHA loan Investor Loans 96

RIS Media

NOVEMBER 4, 2020

Mortgage applications increased 3.8 percent from the previous week , according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. The Market Composite Index, a measure of mortgage loan application volume, increased 3.8 percent the previous week.

Fixed-rate mortgage 104

Fixed-rate mortgage Mortgages FHA loan Loans 104

Realty Biz

APRIL 8, 2024

Online mortgage calculators can provide a rough estimate, but getting pre-approved by a lender will give you a more accurate figure. What Is a Mortgage Pre-Approval? Answer: A mortgage pre-approval is a lender's offer to loan you a certain amount under specific terms. They typically range from 1% to 3% of the loan amount.

Pre-qualification 57

Pre-qualification Pre-approval Closing costs FHA loan 57

Realty Biz

SEPTEMBER 30, 2023

Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Realty Biz

FEBRUARY 7, 2023

Figure Out What Mortgage Program Works Best When you start looking for a mortgage , one of the first steps should be deciding what loan terms you want. For example, do you want a 30-year fixed or adjustable-rate mortgage? A fixed-rate mortgage will give you more stability if you stay in the home longer.

Pre-approval 75

Pre-approval Mortgages Pre-qualification VA loan 75

RIS Media

NOVEMBER 9, 2020

Mortgage applications increased 3.8 percent from the previous week , according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. The Market Composite Index, a measure of mortgage loan application volume, increased 3.8 percent the previous week.

Fixed-rate mortgage 60

Fixed-rate mortgage Mortgages FHA loan Loans 60

RIS Media

DECEMBER 9, 2020

Mortgage applications decreased 1.2 percent from one week earlier , according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Dec. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2 percent the week prior.

Fixed-rate mortgage 63

Fixed-rate mortgage Mortgages FHA loan Loans 63

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.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Realty Biz

JANUARY 3, 2023

Experts say that it’s still possible to find affordable housing in a high-interest-rate environment: "There are still ways for first-time home buyers to make housing more affordable, even with interest rates being at their highest levels since 2003. While interest rates may be high, home prices are coming down in some markets.

Mortgages 97

Mortgages VA loan Loans FHA loan 97

Realty Biz

APRIL 11, 2022

The reason there is so much difference between credit card and mortgage interest rates is that the credit card loan is a much higher risk. Credit card loans are unsecured loans. The basic process begins by asking questions like what type of mortgage is best for you? It’s often seven to nine years.

Mortgages 88

Mortgages Fixed-rate mortgage Loans FHA loan 88

Housing Wire

JANUARY 20, 2021

The 30-year fixed rate rose to 2.92%, its highest level since last November. Additionally, the 15-year fixed rate increased for the first time in seven weeks to 2.48%. “The average loan size for purchase loans jumped to $384,000, the second highest level in the survey.”. the week prior. from 15.8%

Fixed-rate mortgage 414

Fixed-rate mortgage Mortgages Loans Industrial 414