Housing Wire

NOVEMBER 24, 2021

Mortgage applications increased 1.8% 19, despite higher rates, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Regarding refi activity, Kan added that “borrowers continue to lock in mortgages in anticipation of higher rates in the future.” . VA loans consisted of 10.3%

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Housing Wire

JANUARY 13, 2021

Mortgage applications jumped 16.7% drop last week , according to the Mortgage Bankers Association. Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said.

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Housing Wire

NOVEMBER 30, 2021

Mortgage applications declined 7.2% 26, reflecting a lower appetite for refinances, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. However, mortgage applications declined across the board in comparison to a year ago. The average loan amount increased to $414,700, the highest since February.

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Housing Wire

DECEMBER 22, 2021

Mortgage applications fell 0.6% 17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board. of total mortgage applications, up from 63.3%

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Housing Wire

JULY 28, 2021

Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates. That led to the 30-year fixed mortgage rate declining to its lowest level since February of this year, according to the latest report from the Mortgage Bankers Association. from 64.9%

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Housing Wire

JUNE 23, 2021

For the second week in a row, mortgage applications increased — this time, up 2.1% for the week ending June 18, 2021, per the latest report from the Mortgage Bankers Association. The 30-year fixed mortgage rate also rose to 3.18% — the highest level in a month, according to the MBA. the previous week. from 11.5%.

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Housing Wire

JUNE 9, 2021

For the third week in a row, mortgage applications decreased. 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. of total mortgage applications from 61.3% the previous week. from 10.9%.

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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. from 11.6% the week prior.

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Housing Wire

APRIL 28, 2021

Following an almost 9% jump in mortgage applications last week , the Mortgage Bankers Association reported a 2.5% 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.

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Housing Wire

APRIL 21, 2021

After six consecutive weeks of dips , mortgage applications rose 8.6% in the latest report from the Mortgage Bankers Association. “Borrowers acted on the decrease in rates for most loan types, with both conventional and government refinance applications showing gains,” Kan. the previous week. from the week prior.

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Housing Wire

MARCH 24, 2021

Mortgage applications decreased for the third straight week – this time down 2.5%, according to the latest report from the Mortgage Bankers Association. He added that mortgage rates have moved higher in tandem with Treasury yields. That’s coupled with a rise in mortgage rates , too. the previous week.

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Housing Wire

OCTOBER 7, 2020

the week prior , mortgage applications almost completely rebounded last week, gaining 4.6%, according to a report from the Mortgage Bankers Association. Refinances continued to hover around two-thirds the share of mortgage activity as they increased to 65.4% The average contract interest rate for 5/1 ARMs fell to 2.8%

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Housing Wire

MAY 12, 2021

After weeks of decreases , mortgage applications rose 2.1% for the week ending May 7, 2021, according to the most recent report from the Mortgage Bankers Association. Aiding the jump in mortgage applications was another sub-3% week of mortgage rates , which fell officially to 2.96%. from 10.1% the week prior.

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Housing Wire

APRIL 7, 2021

Mortgage applications decreased for the fifth straight week – this time down 5.1%, according to the latest report from the Mortgage Bankers Association. Refinance mortgage applications declined for the fifth straight week. The FHA share of total mortgage applications decreased to 10.2% from the week prior.

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Housing Wire

JANUARY 6, 2021

Mortgage applications dropped 4.2% from two weeks prior , according to the latest report by the Mortgage Bankers Association. But mortgage applications dropped during the week ending Jan. The FHA share of total mortgage applications remained unchanged from 10.1% That should change as the year progresses, Kan said.

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Housing Wire

MARCH 31, 2021

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. The 30-year fixed rate also dropped, reported at 3.33% after seven weeks of increases – but it’s still almost half a percentage point higher than the beginning of 2021.

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Housing Wire

JUNE 26, 2023

35% of loan modifications completed in Q1 “reduced borrowers’ monthly payments by more than 20%,” the report’s findings said. The number of refinances decreased amid rising mortgage rates from 111,251 in the fourth quarter of 2022 to 78,445 in the first quarter of 2023.” The serious delinquency rate also decreased to 0.6%

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Housing Wire

MARCH 24, 2022

The one-two punch of higher mortgage rates and escalating home prices reduced homebuyers ’ ability to buy homes in February. Conventional loans’ national median mortgage payment went from $1,582 in January to $1,749 in February. Meanwhile, FHA loans increased from $1,142 to $1,201 in the same period.

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Housing Wire

APRIL 5, 2023

Mortgage rates declined last week as headlines on the bank crisis slowed, which could have spurred borrowers’ demand for home loans. Overall, mortgage applications declined 4.1% last week on a seasonally adjusted basis, down from one week earlier, according to the Mortgage Bankers Association (MBA).

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Housing Wire

DECEMBER 15, 2021

Mortgage applications fell 4% for the week ending Dec. 10, large part because fewer borrowers are looking to refi their exiting mortgages, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board. from the week prior.

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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

FEBRUARY 24, 2021

Mortgage applications decreased 11.4% from one week earlier , according to data from the Mortgage Bankers Association’s weekly survey for the week ending Feb. “ Mortgage rates have increased in six of the last eight weeks, with the benchmark 30-year fixed rate last week climbing above 3% to its highest level since September 2020.”

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HomeLight

NOVEMBER 6, 2023

Skyrocketing mortgage interest rates can make homeownership seem like an elusive dream. With rates hitting their highest point in almost 23 years, the path to purchasing a home has become more challenging. For some home shoppers, there’s a potential solution: assumable mortgages. Which mortgage loans are assumable?

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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. With interest rates continuing to tick up, the purchase mortgage market is where most lenders will focus operations over the next year.

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Housing Wire

OCTOBER 21, 2020

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. However, he forecasted that rates will steadily rise over the next year. MBA forecasts mortgage originations to total $3.18

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Marco Santarelli

APRIL 24, 2024

Mortgage rates , a crucial factor impacting your monthly payments, can add another layer of complexity. This year, rates have been on an upward climb, exceeding 7% for a 30-year fixed mortgage. In a competitive market, a buyer with a pre-approved mortgage is often seen as more attractive by sellers.

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Point2Homes

AUGUST 26, 2021

When buying a home , the vast majority of people need to take out a mortgage. In this guide, we’ll take a quick look at the different types of mortgage loans available. Conventional Loans. A conventional loan is any mortgage loan that is not guaranteed or insured by a government entity.

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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.

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Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. To get the best rate for your situation, be sure to look closely at each type of mortgage. Let's take a closer look.

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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.

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Realty Biz

SEPTEMBER 30, 2023

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

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Lab Coat Agents

FEBRUARY 7, 2023

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. The minimum down payment for an FHA loan is 3.5%. What Is A USDA Loan?

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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.

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RIS Media

MARCH 28, 2022

A brand-new report from the Mortgage Bankers Association (MBA) says homebuyer affordability decreased in February, with the national median payment applied for by applicants jumping 8.3% in January 2022, meaning payments on new mortgages take up a larger share of a typical person’s income. to $1,653 from $1,526 in January.

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Realty Biz

FEBRUARY 7, 2023

Some people will search for mortgage lenders near me if they want their bank to be nearby. 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?

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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.

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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 previous week.

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