Fixed-rate mortgages favoured by first-timers; hybrid mortgage introduced

REM Online

The original post can be found at the following URL: Fixed-rate mortgages favoured by first-timers; hybrid mortgage introduced. A recent survey by BMO says 57 per cent of homeowners are planning to opt for a fixed-rate mortgage.

Mortgage applications recover as winter storms pass

Housing Wire

Mortgage applications recovered slightly from last week , increasing 0.5% 26, 2021 according to the latest report from the Mortgage Bankers Association. That is despite the fact that the 30-year fixed rate experienced its largest single-week increase in almost a year, reaching 3.23%.

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New-year optimism reflected in mortgage applications jump

Housing Wire

Mortgage applications jumped 16.7% drop last week , according to the Mortgage Bankers Association. The 30-year fixed mortgage rate climbed two basis points to 2.88%, but the 15-year fixed rate fell to 2.39% — a survey low.

Mortgage rates remain at record-low levels

Housing Wire

After falling to the lowest rate in Freddie Mac’s Primary Mortgage Market Survey’s near 50-year-history last week, the average U.S. mortgage rate for a 30-year fixed loan remained at a survey-low 2.67% this week.

Mortgage applications decrease as rates move higher

Housing Wire

Mortgage applications decreased 1.9% 15 from one week earlier , per data from the Mortgage Bankers Association’s weekly survey. The 30-year fixed rate rose to 2.92%, its highest level since last November. The FHA share of total mortgage applications decreased to 9.3%

Mortgage applications rebound as mortgage rates drop

Housing Wire

After two weeks of decreases, the Mortgage Bankers Association reported that mortgage applications increased 1.1% 11 amid mortgage rates that hit a new survey low. The refinance share of mortgage activity increased to 72.7%

Alongside rising yields, mortgage rates increase to 2.79%

Housing Wire

The average mortgage rate for a 30-year fixed loan rose from its previous record low by 14 basis points this week to 2.79%, according to Freddie Mac ’s Primary Mortgage Market Survey. This marks the first time mortgage rates have risen in almost two months.

Top 5 mortgage terms to know before you buy a house

Housing Wire

The mortgage application process can be a confusing one — especially if you’ve never gone through it before. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. The differences between FHA, VA, and USDA mortgages.

Rising mortgage rates push applications lower

Housing Wire

For the second week in a row , mortgage applications decreased – this time, down 4.1% 22, according to data from the Mortgage Bankers Association. The 30-year-fixed rate rose to 2.95%, its highest level since November 2020, according to Joel Kan, MBA associate vice president of economic and industry forecasting. All other mortgage rates in the survey posted a decline. The FHA share of total mortgage applications increased to 9.4%

Could 2% define mortgage rates for the next decade?

Housing Wire

The end of 2020 won’t necessarily mean saying goodbye to the favorable 2% mortgage rates that hit historically low levels 16 times over the past 12 months. Low mortgage rates fuel the demand for valuation and settlement services. Presented by: VRM Mortgage Services.

Mortgage applications see slight decline despite 3% mortgage rate

Housing Wire

Mortgage applications held relatively steady last week, falling 0.7% from the week prior, according to a report from the Mortgage Bankers Association. Refinances also continued to inch closer to two-thirds share of mortgage activity as they increased to 65.6%

Mortgage Activity Remains Higher Year-over-Year

Eye on Housing

For the four-week period ending on February 5, 2021, the Mortgage Bankers Association’s (MBA) latest Weekly Application Surveys showed sustained elevated activity, unseen through most of 2020, except at the outset of the COVID-19 pandemic.

Mortgage rates remain steady, rise to 2.81%

Housing Wire

mortgage rate for a 30-year fixed loan remained steady this week, gaining one basis point to 2.81%, Freddie Mac said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.32%, falling from last week’s 2.33%. After this week’s dip, there have now been 14 consecutive weeks when average mortgage rates have been below 3%. The post Mortgage rates remain steady, rise to 2.81% appeared first on HousingWire.

Mortgage applications increase for fourth time in 5 weeks

Inman

Mortgage applications and refinance applications increased during the week ending December 11, 2020, according to the Mortgage Bankers Association's weekly survey.

Study: Women pay higher mortgage rates than men in all but one state

Inman

was found to offer lower interest rates to women than men, on average, for a 30-year, fixed-rate mortgage, according to mortgage tech company Own Up. Only one state in the U.S.

Mortgage rates hit record low as Fed holds interest rates at zero

Inman

It's the lowest 30-year, fixed-rate mortgage since Freddie Mac began tracking the data in 1971. Markets & Economy Mortgage Select 30 year fixed rate mortgage federal reserve freddie mac interest rates mortgage mortgage rates Sam Khater

Amid Record Low Rates, Refinancing Flourishes

Eye on Housing

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.

Year-over-Year Gains for Home Purchases Continue

Eye on Housing

The Mortgage Bankers Association’s (MBA) latest Weekly Application Survey shows that, for the week ending December 11, 2020, mortgage application activity decreased by 1.1% Economics 30-year fixed-rate mortgage home mortgage mortgage bankers association refinancing Treasury yield

Study: Women pay higher mortgage rates than men in all but one state

Inman

Alaska is the only state where women can expect to pay, on average, a lower interest rate than men on their 30-year fixed-rate mortgage.

Mortgage rates fall to record new low as home sales begin to sputter

Inman

The average rate for a 30-year, fixed-rate mortgage fell to 2.71 percent, the lowest number ever recorded by Freddie Mac's weekly survey of rates, which dates back to 1971.

Refinancing Soars in First Full Week of New Year

Eye on Housing

The Mortgage Bankers Association’s (MBA) latest Weekly Application Survey shows that, for the week ending January 8, 2021, mortgage application activity increased by 16.7%

2021 opens with a new record low for mortgage rates

Inman

The average 30-year mortgage hit an all-time low of 2.65 Mortgage Select 30 year fixed rate mortgage freddie mac mortgage mortgage rates Sam Khaterpercent this week, according to data from Freddie Mac released Thursday.

Mortgage rates remain low amid ‘struggling economy’

Inman

The average 30-year mortgage stayed flat from last week at 2.79 Mortgage Select 30 year fixed rate mortgage freddie mac mortgage rates NAR Sam Khaterpercent — near historic lows.

Treasury and Mortgage Rate Spread Widens in July

Eye on Housing

Despite the downward trend of Treasuries, which are a proxy measure of the risk-free rate that the government offers on debt, mortgage rates through July did not decrease proportionately. The spread between the 10-year Treasury and the 30-year fixed-rate mortgage rate.

Nearly 90% of metros see double-digit price gains in Q4: NAR

Inman

Home price growth was widespread during the fourth quarter of 2020 as mortgage rates and inventory levels both hit record lows, according to the National Association of Realtors.

Home Purchasing Reaches Highest Level in Over a Decade

Eye on Housing

For the week ending September 18, 2020, the Mortgage Bankers Association’s latest Weekly Application Survey showed a jump in application activity, both in purchasing and refinancing, as its Market Composite Index increased 6.8%

Low mortgage rates are propping up economy and propelling growth

Inman

The average rate for a 30-year, fixed-rate mortgage was 2.81 percent, according to Freddie Mac's weekly Primary Mortgage Market Survey. percent, a shave higher than last week's historic low of 2.8

Treasury-Mortgage Spread Significantly Narrows in November

Eye on Housing

In November, the yield on the 10-year Treasury trended upwards while the 30-year fixed-rate mortgage rate, as measured by Freddie Mac’s Primary Mortgage Market Survey (PMMS), continued to fall.

Record Low Interest Rate Fuels Refinancing Wave

Eye on Housing

The Mortgage Bankers Association’s (MBA) latest Weekly Application Survey shows that, for the week ending November 27, 2020, mortgage application activity decreased by 0.6% Read More › The post Record Low Interest Rate Fuels Refinancing Wave first appeared on Eye On Housing.

Treasury-Mortgage Spread Significantly Narrows in October

Eye on Housing

Read More › The post Treasury-Mortgage Spread Significantly Narrows in October first appeared on Eye On Housing. Economics 30-year fixed-rate mortgage coronavirus COVID-19 freddie mac labor market Treasury yield

Six Months of Year-over-Year Gains for Purchase Mortgages

Eye on Housing

The Mortgage Bankers Association’s latest Weekly Application Survey shows that, for the week ending October 30, 2020, mortgage application activity increased by 3.8% Read More › The post Six Months of Year-over-Year Gains for Purchase Mortgages first appeared on Eye On Housing.

Despite Weekly Declines, Refinancing Year-over-year Gains Remain Strong

Eye on Housing

For the week ending September 11, 2020, the Mortgage Banker’s Association’s (MBA) Weekly Application Survey indicated a decrease in its Market Composite Index, a measure of both purchasing and refinancing, of 2.5% The survey’s tracked 30-year fixed-rate mortgage rate remained.

Year-over-Year Gains for Mortgages Continue

Eye on Housing

The Mortgage Bankers Association’s (MBA) latest Weekly Application Survey shows that, for the week ending November 6, 2020, mortgage application activity decreased by 0.5% Read More › The post Year-over-Year Gains for Mortgages Continue first appeared on Eye On Housing.

Mortgage-Treasury Spread Trended Lower in September

Eye on Housing

In September 2020 and thru the first week of the 2020’s fourth quarter, the 10-year Treasury Constant Maturity rate trended slightly higher, while the 30-year fixed mortgage rate, as determined by Freddie Mac’s Primary Market Mortgage Survey (PMMS), trended lower.

Treasury-Mortgage Spread Decreases in August

Eye on Housing

Treasury rate and the 30-year fixed-rate mortgage rate, was characterized by weekly declines, only to rise slightly by the first week of September. Treasury rate is the rate that the U.S.