Housing Wire

DECEMBER 8, 2021

“Mortgage rates declined for the first time in a month, prompting a pickup in refinancing, with government refinances increasing more than 20% over the week,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. of total mortgage applications, down from 59.4%

FHA loan 433

FHA loan Mortgages VA loan Fixed-rate mortgage 433

Housing Wire

MAY 4, 2022

The uptick, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index, was propelled primarily by purchase-application activity, as rates remain elevated, hovering in the low 5% range and a drag on refinance volume. The seasonally adjusted purchase index rose 4.1% percent, up from 4.89

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages VA loan Loans 370

Housing Wire

DECEMBER 22, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that the average purchase loan increased to $416,200. of total mortgage applications, up from 63.3% VA loans comprised 11.5%, an increase of nine basis points. The share of USDA loans was 0.5%.

Mortgages 392

Mortgages VA loan FHA loan Fixed-rate mortgage 392

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.

Fixed-rate mortgage 498

Fixed-rate mortgage Mortgages Loans Industrial 498

Housing Wire

NOVEMBER 24, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that purchase activity increased for the third straight week, as housing demand remains robust, even as the housing market approaches the typically slower holiday season. VA loans consisted of 10.3% VA loans consisted of 10.3%

Mortgages 424

Mortgages VA loan FHA loan Fixed-rate mortgage 424

Housing Wire

NOVEMBER 30, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said mortgage rates rose for the third week in a row, reducing incentives for many borrowers to refinance. Over the past three weeks, rates are up 15 basis points, and refinance activity has declined over 18%,” he said. in the same period.

Mortgages 390

Mortgages VA loan FHA loan Fixed-rate mortgage 390

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. The seasonally adjusted purchase index increased 8% after a 0.8%

Fixed-rate mortgage 498

Fixed-rate mortgage Mortgages Loans Industrial 498

Housing Wire

JUNE 8, 2022

“Weakness in both purchase and refinance applications pushed the market index down to its lowest level in 22 years,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. “The 30-year fixed rate increased to 5.4% after three consecutive declines. year over year. . from 10.8%

Fixed-rate mortgage 393

Fixed-rate mortgage Mortgages VA loan Loans 393

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. Those ultra-low rates naturally resulted in a sharp uptick in refinancing activity.

Fixed-rate mortgage 382

Fixed-rate mortgage Mortgages Loans Finance 382

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.

VA loan 402

VA loan FHA loan Fixed-rate mortgage Banks 402

Housing Wire

JUNE 9, 2021

“Most of the decline in mortgage rates came late last week, with the 30-year fixed-rate mortgage declining to 3.15 percent,” said Joel Kan, the MBA’s vice president of economic and industry forecasting. of total mortgage applications from 61.3% the previous week.

Fixed-rate mortgage 441

Fixed-rate mortgage Mortgages Loans Industrial 441

Housing Wire

JUNE 23, 2021

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. from 0.25 (including the origination fee) for 80% LTV loans.

Fixed-rate mortgage 389

Fixed-rate mortgage Mortgages Loans Construction 389

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.

Fixed-rate mortgage 414

Fixed-rate mortgage Mortgages Loans Industrial 414

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.

Fixed-rate mortgage 404

Fixed-rate mortgage Mortgages Loans Construction 404

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. of total applications.

Fixed-rate mortgage 502

Fixed-rate mortgage Mortgages FHA loan Loans 502

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.

Fixed-rate mortgage 457

Fixed-rate mortgage Mortgages Loans Industrial 457

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 433

Fixed-rate mortgage Mortgages Loans Industrial 433

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.

Fixed-rate mortgage 367

Fixed-rate mortgage Mortgages Loans Industrial 367

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.

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages Loans Industrial 450

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.

Fixed-rate mortgage 471

Fixed-rate mortgage Mortgages Loans Land 471

Housing Wire

OCTOBER 7, 2020

Refinances continued to hover around two-thirds the share of mortgage activity as they increased to 65.4% The average loan size increased again to a new record at $371,500, as activity in the higher loan size categories continues to lead growth.”. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 2.2%

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages Loans As-is 450

Housing Wire

JANUARY 6, 2021

Mortgage rates continued 2020’s trend at historically low figures, with the 30-year fixed rate at 2.86% and the 15-year fixed rate at a survey low of 2.40%, according to Joel Kan, MBA’s associate vice president of economic and industry Forecasting.

Fixed-rate mortgage 402

Fixed-rate mortgage Mortgages Loans Industrial 402

Housing Wire

MARCH 31, 2021

But rising mortgage rates — and home prices that have remained high for months — are making a dent in mortgage applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. The post Mortgage applications fall for fourth week appeared first on HousingWire.

Fixed-rate mortgage 424

Fixed-rate mortgage Mortgages Loans Lending 424

Housing Wire

FEBRUARY 24, 2021

The severe winter weather in Texas played played a prominent role in the survey’s declining numbers, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. ” The refinance share of mortgage activity decreased to 68.5% The FHA share of total mortgage applications increased to 11.2%

Fixed-rate mortgage 251

Fixed-rate mortgage Mortgages Loans Industrial 251

RIS Media

MAY 4, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.36% from 5.37%, with points decreasing to 0.63 from 0.67 (including the origination fee) for 80% loan-to-value ratio (LTV) loans. The 30-year fixed rate was 5.36

Fixed-rate mortgage 98

Fixed-rate mortgage Mortgages VA loan Loans 98

RIS Media

SEPTEMBER 10, 2020

Freddie Mac recently released the results of its Primary Mortgage Market Survey ®, which showed that the 30-year fixed rate mortgage is averaging 2.86 Here’s the breakdown: 30-Year Fixed-Rate Mortgage. 15-Year Fixed-Rate Mortgage. Averaged 2.86 percent with an average 0.8

Mortgages 132

Mortgages Fixed-rate mortgage VA loan Loans 132

RIS Media

APRIL 6, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 4.90% from 4.80% , with points decreasing to 0.53 from 0.56 (including the origination fee) for 80% loan-to-value ratio (LTV) loans.

Fixed-rate mortgage 94

Fixed-rate mortgage Mortgages Loans Industrial 94

Realty Biz

SEPTEMBER 30, 2023

Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

HomeLight

JUNE 22, 2023

You would add up all of your monthly debt payments, such as auto loans, mortgage payments, minimum payments on credit cards, student loan payments and installment debts,” explains Marcus Rittman from HomeLight Home Loans. That’s because lenders will also look at your debt-to-income ratio, or DTI.

Debt-to-income ratio 86

Debt-to-income ratio Mortgages FHA loan Loans 86

Housing Wire

JANUARY 20, 2021

. “Market expectations of a larger than anticipated fiscal relief package , which is expected to further boost economic growth and lower unemployment, have driven Treasury yields higher the last two weeks,” said Joel Kan, MBA associate vice president of economic and industry forecasting. pullback in government refinances.”.

Fixed-rate mortgage 459

Fixed-rate mortgage Mortgages Loans Industrial 459

Housing Wire

MARCH 24, 2023

According to the report, about 37% of the loan modifications completed in Q4 reduced borrowers’ monthly payments by at or over 20%. Rising rates led to a reduction in mortgage refinances during that quarter, declining to 111,251 in Q4 2022, down from 194,189 the previous quarter.

Fixed-rate mortgage 422

Fixed-rate mortgage VA loan FHA loan Loans 422

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. They do this to reduce their risk and to free up their capital to process more loans. Fixed-rate mortgages provide stability and predictability.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Redfin

JULY 11, 2023

Whether you’re a first-time homebuyer in Los Angeles or you’re considering refinancing your home in Tampa , this guide is tailored to equip you with the knowledge and understanding necessary to navigate the mortgage process effectively. What is a mortgage? How does a mortgage work? What is PMI, and when is it required?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Norada Real Estate

JUNE 22, 2022

Among them, non-recourse loans, hard money loans, and private loans are the most popular. In a conventional mortgage, the down payment is the smallest and the rate of interest is also lower. In the case of a Non-Recourse Loan, the investor puts an asset forward. Financing Turnkey Rental Properties With Loan.

Finance 96

Finance FHA loan Investor Loans 96

Housing Wire

MARCH 3, 2021

8, but a week of normalized weather brought numbers back up, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. That is despite the fact that the 30-year fixed rate experienced its largest single-week increase in almost a year, reaching 3.23%. of total applications from 68.5%

Fixed-rate mortgage 545

Fixed-rate mortgage Mortgages Loans Industrial 545

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. 4 Loan Questions Worth Asking. Annual percentage rate (APR).

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97

HomeLight

AUGUST 28, 2020

A mortgage rate is the interest you pay on your home loan. Your mortgage company lends you $250,000. This $250,000 is called the loan principal. Your mortgage rate is what you’ll pay to borrow that $250,000 over time. It’s a percentage you pay on top of the loan principal.

Mortgages 82

Mortgages Loans Fixed-rate mortgage Principal 82