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.

Fewer people are submitting mortgage applications

Housing Wire

Mortgage applications dropped for the second straight week , this time down 4% for the week ending May 28, 2021, according the Mortgage Bankers Association ‘s weekly mortgage applications survey. “Even though rates have been below 3.2%

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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%.

Mortgage applications decrease 4%

Housing Wire

After two straight weeks of increases , mortgage applications dropped 4.2% for the week ending May 21, 2021, according to the Mortgage Bankers Association ‘s weekly mortgage applications survey. of total mortgage applications from 63.3%

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 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%

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 drop, but spring buying season looms

Housing Wire

After a slight increase in late February , mortgage applications dipped 1.3% in the week ending March 5, according to the latest report from the Mortgage Bankers Association. The FHA share of total mortgage applications decreased to 11.6%

Mortgage applications continue to fall as rates climb

Housing Wire

Mortgage applications dropped for the second straight week — falling 2.2%, according to the latest report from the Mortgage Bankers Association. Rates have jumped north of 3% , with most recent reports showing it hovering around 3.5%.

Rising rates push mortgage applications down for fifth week

Housing Wire

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 30-year fixed rate moved up to 3.6%

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.

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%

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.

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.

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%

The purchase mortgage market is back on top

Housing Wire

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. ” Despite refi activity in freefall, overall rate lock volume was up 2.5%

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 Rates Taper Over the Prior Month, Boosting Refinancing

Eyes on Housing

Over the last month, the Mortgage Bankers Association’s (MBA) tracked 30-year fixed-rate mortgage rate dipped below the elevated levels shown in April, mirroring a similar decline in Treasury yields.

Mortgage applications decrease 1%

Inman

Climbing mortgage rates have slowed demand for refinance applications, while purchase applications remain strong moving into the spring season, according to the Mortgage Bankers Association.

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.

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

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.

Mortgage rates continued to climb this week

Inman

After falling to historic lows last year, rates have climbed back over 3 percent but still remain lower than last year's levels. Mortgage 30 year fixed rate mortgage freddie mac mortgage mortgage rate Sam Khater

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.

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.

Spring Home-Buying Fervor in Latest MBA Survey

Eye on Housing

Over the last month, the Mortgage Bankers Association’s (MBA) tracked 30-year fixed-rate mortgage rate continued to show elevated levels. For the week ending April 16, the average rate was 3.2%.

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.

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

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.

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.

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.

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.

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

Mortgage Environment Shifts to Higher Mortgage Rates

Eye on Housing

Since the start of 2021, the MBA’s tracked 30-year fixed rate mortgage rate has increased 40 basis points and currently stands at 3.28%. The week that showing the largest gains over the last month was the week ending February 26, increasing by 15 basis points.

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.

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%

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%

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.