Housing Wire

MAY 26, 2021

. “Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The post Mortgage applications decrease 4% appeared first on HousingWire.

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Fixed-rate mortgage Mortgages Loans Industrial 504

Housing Wire

JULY 14, 2021

The sudden increase in applications was driven “heavily” by increased refinancing as mortgage rates dipped again, said Joel Kan, MBA associate vice president of economic and industry forecasting. The post Mortgage applications jump 16% appeared first on HousingWire.

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Housing Wire

JANUARY 13, 2021

The jump underlines the seasonality behind last week’s decreas e in mortgage rates, as well as the expectation of additional fiscal stimulus from the incoming administration, per MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.

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Housing Wire

DECEMBER 16, 2020

Homeowners once again acted on the decline in rates, with refinance activity rising for the second straight week and up 105% from a year ago,” Kan said. He added that purchase applications rose for the sixth straight week to the highest levels since June.

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Housing Wire

NOVEMBER 2, 2022

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference.

Industrial 407

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Housing Wire

JULY 7, 2021

“Treasury yields have been volatile despite mostly positive economic news, including last week’s June jobs report, which showed ongoing improvements in the labor market,” said Joel Kan, MBA associate vice president of economic and industry forecasting. “However, rates continued to move lower, especially late in the week.”

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Housing Wire

JULY 21, 2021

. “The 30-year fixed rate increased slightly to 3.11% after two weeks of declines, and other surveyed rates moved lower, with the 15-year fixed rate loan — used by around 20% of refinance borrowers — decreasing to 2.46%,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Housing Wire

JULY 28, 2021

The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and the potential economic fallout, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. And the 15-year rate fell to a record low last seen in 1990.

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Housing Wire

FEBRUARY 17, 2022

The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. It’s the highest level since May 2019, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.81%. Some mortgage rate indices topped 4% late last week.

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Housing Wire

JUNE 23, 2021

The 30-year fixed mortgage rate also rose to 3.18% — the highest level in a month, according to the MBA. Purchase activity was higher for the third straight week, according to Joel Kan, MBA’s vice president of economic and industry forecasting. from 0.25 (including the origination fee) for 80% LTV loans.

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Housing Wire

JANUARY 6, 2022

The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. Rising mortgage rates have already begun to sap demand.

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Housing Wire

OCTOBER 21, 2020

Joel Kan, MBA’s vice president of economic and industry forecasting, pointed to a rise in mortgage rates last week for why conventional and government purchase activity took a step back. The 30-year fixed rate climbed two basis points to 3.02, the highest since late September. from 2.59%.

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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.

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Housing Wire

MARCH 10, 2021

With spring approaching – signaling the start of a busy buying season – the purchase market sported its strongest showing in four weeks, with gains in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Housing Wire

JUNE 16, 2021

After three straight weeks of declines , mortgage applications increased 4.2% for the week ending June 11, 2021, according to the latest report from the Mortgage Bankers Association. The post Mortgage applications increase as 30-year rate falls appeared first on HousingWire. “ U.S.

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Housing Wire

DECEMBER 14, 2023

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. on Thursday.

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Housing Wire

OCTOBER 14, 2020

. “Applications for government mortgages offset some of the overall decline by increasing 3%, driven by a solid gain in government purchase applications and an 11% jump in VA refinance applications,” said Joel Kan, MBA’s vice president of economic and industry forecasting. from 3.31%.

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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.

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Housing Wire

DECEMBER 23, 2021

The average 30-year-fixed rate mortgage dropped to 3.05% during the week ending Dec. 23, after achieving 3.12% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.66%. Rising mortgage rates have already begun to sap demand.

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Housing Wire

DECEMBER 23, 2020

Mortgage applications jumped 0.8% a week after the 30-year fixed mortgage rate dropped five basis points to 2.85%, the trade group noted. The 30-year rate is up to 2.86% in the most recent MBA survey, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Housing Wire

SEPTEMBER 16, 2020

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, demand for refinances may be slowing due to remaining borrowers waiting for another sizable drop in rates. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA remained unchanged at 3.16%.

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Housing Wire

JUNE 9, 2021

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. Most of the decline in mortgage rates came late last week, with the 30-year fixed-rate mortgage declining to 3.15

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Fixed-rate mortgage Mortgages Loans Industrial 446

Housing Wire

AUGUST 12, 2020

Consumers responded to mortgage rates that fell to new low last week , with the refinance index jumping 9% from the previous week to its highest level since April, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The average contract interest rate for 5/1 ARMs fell to 3% from 3.09%.

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Housing Wire

AUGUST 19, 2020

The seasonally adjusted purchase index gained 1% compared with the previous week and was 27% higher than the same week one year ago – the third straight month of year-over-year increases, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The average contract interest rate for 5/1 ARMs fell to 2.95% from 3%.

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Fixed-rate mortgage Mortgages Loans Industrial 542

Housing Wire

JANUARY 12, 2022

Joel Kan, associate vice president of economic and industry forecasting at the MBA, said in a statement that the increase in mortgage rates is curtailing refinance activity. Mortgage rates increased significantly across all loan types last week as the Federal Reserve ’s signaling of tighter policy ahead pushed U.S.

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Housing Wire

OCTOBER 28, 2020

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%. from 2.61%.

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Housing Wire

APRIL 28, 2021

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. The post Applications drop, despite falling mortgage rates appeared first on HousingWire.

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Fixed-rate mortgage Mortgages Loans Industrial 459

Housing Wire

SEPTEMBER 23, 2020

9 , Joel Kan, MBA’s associate vice president of economic and industry forecasting, said the recent rebound in refinance activity was driven mainly by borrowers applying for conventional loans. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) rose to 3.1%

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Housing Wire

APRIL 21, 2021

The jump in applications can be traced to mortgage rates falling to the lowest level in two months, prompting a small resurgence in refinance activity, said Joel Kan, MBA associate vice president of economic and industry forecasting. The post Mortgage applications rebound following drop in rates appeared first on HousingWire.

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Fixed-rate mortgage Mortgages Loans Industrial 462

Housing Wire

DECEMBER 16, 2021

The average 30-year-fixed rate mortgage increased to 3.12% during the week ending Dec. 16, up from 3.10% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.67%. A year ago, at this time, it averaged 2.21%.

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Housing Wire

NOVEMBER 4, 2020

According to Joel Kan , MBA’s associate vice president of economic and industry forecasting, borrowers made a grab for both conventional and government refi’s. The drop in rates spurred an uptick in demand for refinances,” Kan said. Mortgage rates continue to hover at record lows this fall.

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Fixed-rate mortgage Mortgages FHA loan Loans 505

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.

Fixed-rate mortgage 437

Fixed-rate mortgage Mortgages Loans Industrial 437

Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. He added that mortgage rates have moved higher in tandem with Treasury yields.

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Housing Wire

NOVEMBER 4, 2021

The average 30-year-fixed rate mortgage dropped to 3.09 % during the week ending Nov. 4, down from 3.14% the week prior , according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.78 %. Mortgage application activity dropped 3.3%

Fixed-rate mortgage 437

Fixed-rate mortgage Mortgages Banks Industrial 437

Housing Wire

JANUARY 5, 2022

“Mortgage rates continued to creep higher over the past two weeks, as markets maintained an optimistic view of the economy,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 3.40% from 3.39%.

Fixed-rate mortgage 407

Fixed-rate mortgage Mortgages Loans Industrial 407

Housing Wire

OCTOBER 6, 2021

The MBA’s overall mortgage application index decreased by 15% compared to one year ago, showed the survey published today. Joel Kan, MBA’s associate vice president of economic and industry forecasting, said that “higher rates are reducing borrowers’ incentive to refinance, as declines were seen across all loan types.”

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Fixed-rate mortgage Mortgages Loans Industrial 437

RIS Media

APRIL 21, 2023

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. After seeing consistent decreases for the past several weeks, mortgage rates rose to 6.39% this week, according to the latest Primary Mortgage Market Survey® from Freddie Mac.

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