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.

As mortgage rates climb, applications fall six basis points

Housing Wire

For the second week in a row, mortgage applications faltered slightly, falling 0.6% from the week prior, according to a report from the Mortgage Bankers Association. The 30-year fixed rate climbed two basis points to 3.02, the highest since late September.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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 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.

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

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.

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

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.

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.

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.

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.

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.

Upper End of Mortgage Market in Full Swing

Eye on Housing

The Mortgage Bankers Association’s latest Weekly Application Survey shows that, for the week ending October 23, 2020, mortgage application activity increased by 1.7% Read More › The post Upper End of Mortgage Market in Full Swing first appeared on Eye On Housing. Economics 30-year fixed-rate mortgage coronavirus COVID-19 home prices appreciation inventory mortgage bankers association refinancing

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.

Refinancing Remains Robust

Eye on Housing

The Mortgage Bankers Association’s latest Weekly Application Survey shows that, for the week ending October 16, 2020, mortgage application activity decreased by 0.6% Economics 30-year fixed-rate mortgage home mortgage mortgage applications mortgage bankers association refinancing

Amid Record Low Rates, Mortgage Application Activity Falters

Eye on Housing

For the week ending September 25, 2020, the Mortgage Bankers Association’s latest Weekly Application Survey showed a decrease in application activity, both in purchasing and refinancing, as its Market Composite Index decreased by 4.8%

Mortgage rates drop to another historic low at 2.78%

Housing Wire

mortgage rate for a 30-year fixed loan fell 3 basis points this week to 2.78%, Freddie Mac said in a report on Thursday, the lowest rate in the survey’s near 50-year history. This week’s rate broke the previous record low on Oct. The average U.S.

Refinance applications jump to highest level since April on low mortgage rates

Housing Wire

After two weeks of decreasing numbers, mortgage applications increased 3.9% last week, according to a report from the Mortgage Bankers Association. The refinance share of mortgage activity reportedly increased to 71.1%

Mortgage and refinance rates today, Nov. 28, and rate forecast for next week

The Morgtage Report

Today’s mortgage and refinance rates Average mortgage rates inched just a hint lower yesterday. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Mortgage Rates Now

Mortgage and refinance rates today, November 30, 2020

The Morgtage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower again last Friday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Mortgage Rates Now

Mortgage applications see slight decrease, despite purchase gain

Housing Wire

Mortgage applications decreased 0.3% drop from the beginning of November , according to a report from the Mortgage Bankers Association. . Here is a more detailed breakdown of this week’s mortgage application data: The USDA share of total mortgage applications increased to 0.5%

Mortgage and refinance rates today, December 1, 2020

The Morgtage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower again yesterday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Mortgage Rates Now

Refinance wave boosts mortgage applications 3.8%

Housing Wire

With mortgage rates continuing to hover near record lows, mortgage applications jumped 3.8% last week according to a report from the Mortgage Bankers Association (MBA). The drop in rates spurred an uptick in demand for refinances,” Kan said.

Mortgage applications decrease slightly, but refinance index jumps

Housing Wire

Mortgage applications decreased 0.5% jump at the end of October, according to a report from the Mortgage Bankers Association (MBA). That’s despite the 30-year fixed rate decreasing to 2.89% — an all-time survey low. last week after a 3.8%

Refis lead the way as mortgage applications rise 1.7%

Housing Wire

After two weeks of slight declines , mortgage applications regained their footing last week, rising 1.7% from the week prior, according to a report from the Mortgage Bankers Association. With the 30-year fixed rate at MBA’s all-time survey low of 3%, conventional refinances rose 5%.

Mortgage and refinance rates today, October 19, 2020

The Morgtage Report

Today’s mortgage and refinance rates Average mortgage rates inched higher last Friday, as we predicted. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Mortgage Rates Now

Mortgage and refinance rates today, Nov. 14, and rate forecast for next week

The Morgtage Report

Today’s mortgage and refinance rates Average mortgage rates fell yesterday, as we predicted. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Mortgage rates have […].

Purchase market remains resilient as mortgage applications gain 2.9%

Housing Wire

After three weeks of declines, mortgage applications rose 2.9% last week, according to a report from the Mortgage Bankers Association. However, Kan said this increase is skewed higher by being compared to Labor Day 2019, when the 30-year fixed-rate mortgage climbed to 4.01%.

Mortgage and refinance rates today, November 17, 2020

The Morgtage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. APR) for a 30-year, fixed-rate mortgage. Mortgage Rates NowAnd conventional loans started out this morning at 3.0% (3.0%

Mortgage applications decline 4.8%

Housing Wire

Mortgage applications fell 4.8% last week, according to a report from the Mortgage Bankers Association. The refinance share of mortgage activity also faltered slightly, dropping to 63.3% The adjustable-rate mortgage (ARM) share of activity remained unchanged at 2.2%

Housing market stays hot into fall with mortgage applications up 6.8%

Housing Wire

Despite mortgage rates rising slightly from a previously all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association. The adjustable-rate mortgage (ARM) share of activity fell slightly to 2.2%

Mortgage and refinance rates today, Nov. 21, and rate forecast for next week

The Morgtage Report

Today’s mortgage and refinance rates Average mortgage rates fell yesterday, as we predicted. APR) for a 30-year, fixed-rate mortgage. Mortgage rates have […]. Mortgage Rates Now

MBA: Refi index still 30% higher than last year even as mortgage applications slow

Housing Wire

Mortgage applications decreased 2.5% last week after seeing some positivity the week prior , according to a report from the Mortgage Bankers Association. The adjustable-rate mortgage (ARM) share of activity increased to 2.3%

Mortgage applications rise 4.6%

Housing Wire

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% After faltering 4.8%

Mortgage and refinance rates today, November 12, 2020

The Morgtage Report

Today’s mortgage and refinance rates Average mortgage rates remained unchanged yesterday. And conventional loans started out this morning at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. Yesterday’s unchanged mortgage […].