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%

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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 440

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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% from the week prior.

Mortgages 430

Mortgages VA loan FHA loan Fixed-rate mortgage 430

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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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

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 375

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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 385

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Housing Wire

JANUARY 19, 2022

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, the 30-year fixed rate reached 3.64%, more than 30 basis points over the past two weeks. 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 395

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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

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

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.

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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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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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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

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

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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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 438

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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

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 430

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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.

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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.

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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 contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) fell to 3.01% from 3.05%. The average contract interest rate for 5/1 ARMs fell to 2.8%

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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.

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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

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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

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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.

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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.

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Housing Wire

MARCH 24, 2023

Comparatively, the serious delinquency rate for Federal Housing Administration (FHA) loans was 4.4% in Q4, the Department of Veterans Affairs (VA) loans rate was at 2.43%, and at 1.89% for all loans based on the industry average.

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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.”.

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Housing Wire

AUGUST 7, 2023

is one of the few places in the world where you can get a fixed-rate mortgage amortized over 30 years. Fixed-rate mortgages provide stability and predictability. The criteria to qualify for a fixed-rate mortgage has not changed much in the last 60 years.

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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.

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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%

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Norada Real Estate

JUNE 22, 2022

If your down payment is lower than 20%, your loan-to-value ratio for conventional financing will be higher than 80%, and your lender may require you to pay private mortgage insurance. Types of Mortgage Options For Financing Turnkey Rental Properties. Fixed-rate mortgages. growth markets.

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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.

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HomeLight

JANUARY 27, 2021

A great agent also has relationships across the industry. If you put down less than 10%, you can’t cancel the mortgage insurance unless you refinance. VA loans : Finally, there are VA loans that have advantageous features for qualifying military service members and their spouses. Adjustable-rate interest.

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HomeLight

JUNE 22, 2023

Conventional loan To get a conventional loan , you’ll need to go to a private financial institution, which include banks, credit unions, and mortgage companies. The loans offered by these institutions aren’t backed by a government agency, like an FHA loan or a VA loan would be.

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