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. The overall market composite index dipped 24.5%

Mortgages 424

Mortgages VA loan FHA loan Fixed-rate mortgage 424

Housing Wire

NOVEMBER 30, 2021

However, mortgage applications declined across the board in comparison to a year ago. The overall market composite index dipped 29.6% 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.

Mortgages 385

Mortgages VA loan FHA loan Fixed-rate mortgage 385

Housing Wire

JANUARY 19, 2022

Mortgage applications increased 2.3% from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. Higher rates led to the “slowest pace of refinance activity in over two years,” mainly among FHA and VA loans, Kan said in a statement.

Loans 393

Loans Mortgages VA loan Fixed-rate mortgage 393

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.

Fixed-rate mortgage 498

Fixed-rate mortgage Mortgages Loans Industrial 498

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

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. from 11.6%

Fixed-rate mortgage 404

Fixed-rate mortgage Mortgages Loans Construction 404

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

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. of total mortgage applications from 61.7% the previous week.

Fixed-rate mortgage 371

Fixed-rate mortgage Mortgages Loans Construction 371

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 397

VA loan FHA loan Fixed-rate mortgage Banks 397

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

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 362

Fixed-rate mortgage Mortgages Loans Industrial 362

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 the previous week.

Fixed-rate mortgage 441

Fixed-rate mortgage Mortgages Loans Industrial 441

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 432

Fixed-rate mortgage Mortgages Loans Industrial 432

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 purchase market’s recent slide comes despite a strengthening economy and labor market.

Fixed-rate mortgage 441

Fixed-rate mortgage Mortgages Loans Industrial 441

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. from 11.7%.

Fixed-rate mortgage 502

Fixed-rate mortgage Mortgages FHA loan Loans 502

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% Continuing the trend seen in recent months, the purchase market is growing at a strong clip,” Kan said. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA fell to 3.12% from 3.15%.

Fixed-rate mortgage 449

Fixed-rate mortgage Mortgages Loans As-is 449

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% of total applications from 69.3% the previous week.

Fixed-rate mortgage 241

Fixed-rate mortgage Mortgages Loans Industrial 241

RIS Media

MAY 4, 2022

After an eight-week downward trend, mortgage applications increased 2.5% from one week earlier, according to the latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 29, 2022. The Market Composite Index increased 2.5% 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 Averaged 2.86

Mortgages 132

Mortgages Fixed-rate mortgage VA loan Loans 132

RIS Media

APRIL 6, 2022

It’s been a topsy-turvy 2022 for mortgage applications. And the Mortgage Bankers Association’s (MBA) Market Composite Index (MCI) for the week ending April 1, 2022, reveals another drop in applications, thus adding to that volatility trend. Key findings: Mortgage application volume decreased 6.3%

Fixed-rate mortgage 94

Fixed-rate mortgage Mortgages Loans Industrial 94

Realty Biz

SEPTEMBER 30, 2023

These lenders understand the challenges you might be facing and are willing to work with you to find a suitable mortgage option with scores down to 500. Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Housing Wire

JANUARY 20, 2021

Additionally, the 15-year fixed rate increased for the first time in seven weeks to 2.48%. After a post-holiday surge of refinances, higher rates chipped away at demand,” Kan said. The post Mortgage applications decrease as rates move higher appeared first on HousingWire. pullback in government refinances.”.

Fixed-rate mortgage 447

Fixed-rate mortgage Mortgages Loans Industrial 447

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. The bottom line is that the secondary mortgage market is the platform that powers the entire mortgage ecosystem in the U.S.

Closing 368

Closing Fixed-rate mortgage Debt-to-income ratio Lending 368

Redfin

JULY 11, 2023

When considering mortgage options, it’s important to understand the different types available. A fixed-rate mortgage provides stability and predictability, with a consistent interest rate throughout the loan term. How is a mortgage rate determined?

Pre-approval 59

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

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. They usually buy them at REO auctions, renovate them and rent them out to the tenants, before putting the property on the market for sale. Financing Turnkey Rental Properties With Loan.

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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 544

Fixed-rate mortgage Mortgages Loans Industrial 544

Housing Wire

MAY 19, 2021

Mortgage rates were still lower than levels reported in late March and early April, providing additional opportunity for borrowers to refinance, said Joel Kan, MBA associate vice president of economic and industry forecasting. The post Mortgage applications increase for second straight week appeared first on HousingWire.

Fixed-rate mortgage 380

Fixed-rate mortgage Mortgages Loans Industrial 380

HomeLight

JANUARY 27, 2021

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. They’ll have specialized market information that others won’t. It’s an exciting step in life, to be sure.

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

HomeLight

JUNE 22, 2023

To help you understand exactly what you’re getting into, we’ve created a comprehensive guide that answers the most common mortgage questions buyers have for lenders about the mortgage process. The loans offered by these institutions aren’t backed by a government agency, like an FHA loan or a VA loan would be.

Debt-to-income ratio 86

Debt-to-income ratio Mortgages FHA loan Loans 86

HomeLight

AUGUST 28, 2020

homeowners don’t even know what their mortgage rate is , much less how it’s factored. We spoke to John Boyles, HomeLight’s Head of Capital Markets, to walk us through the basics of mortgage rates, so you can make an informed decision when it comes to your home purchase. GSEs and secondary mortgage markets.

Mortgages 82

Mortgages Loans Fixed-rate mortgage Principal 82

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. It’s often presented as a percentage of the fair market value.

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