Housing Wire

JULY 21, 2021

Mortgage applications decreased 4% for the week ending July 16, just one week after applications jumped 16% on the strength of falling mortgage rates. The post Mortgage applications fall amid market jitters appeared first on HousingWire.

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Realtor.com

APRIL 30, 2021

Two of the main types of mortgages home buyers consider getting are a fixed-rate mortgage and an adjustable-rate mortgage, or ARM. In a nutshell, a fixed-rate mortgage has an interest rate that stays the same over the life of the loan. Fixed-rate mortgage.

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Housing Wire

AUGUST 16, 2023

Mortgage applications fell for the fourth consecutive week as the 30-year fixed-rate mortgage rose to its highest level since 2001, reaching 7.16%. For the week that ended August 11, mortgage applications fell 0.8% from the prior week , according to data from the Mortgage Bankers Association. from 13.6%

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Housing Wire

JULY 28, 2021

Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates. And the 15-year rate fell to a record low last seen in 1990. Those ultra-low rates naturally resulted in a sharp uptick in refinancing activity.

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Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%.

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Housing Wire

MARCH 8, 2023

There were very low levels of mortgage applications in the weeks prior to the surprising uptick. However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. ”

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Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

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Housing Wire

AUGUST 23, 2023

Mortgage applications fell for the fifth consecutive week as the 30-year fixed-rate mortgage rose to 7.31%, its highest level since December 2000. For the week that ended August 18, mortgage applications fell 4.2% from the prior week , according to data from the Mortgage Bankers Association. from 13.8%

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Housing Wire

NOVEMBER 16, 2023

Mortgage rates fell this week as the October inflation report drove down the yield on the 10-year Treasury. On Thursday, investors priced in a 99.7% chance that the Fed will hold interest rates steady in December, according to the CME Group’s FedWatch tool. The 30-year, fixed mortgage averaged at 7.44% as of Nov.

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Housing Wire

MARCH 10, 2022

The average 30-year-fixed rate mortgage increased to 3.85% for the week ending March 10, up from 3.76% in the previous week, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 3.05%. economy brought by inflation and Russia’s war in Ukraine.

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Housing Wire

MARCH 3, 2022

The average 30-year-fixed rate mortgage declined to 3.76% for the week ending March 3, down from 3.89% in the previous week, amid the geopolitical tensions caused by Russia’s war in Ukraine, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 3.02%.

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Housing Wire

JULY 29, 2021

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.99%.

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Housing Wire

JUNE 30, 2021

“Mortgage rates were volatile last week, as investors tried to gauge upcoming moves by the Federal Reserve amidst several divergent signals — including rising inflation, mixed job market data, strong consumer spending, and a supply-constrained housing market that has led to rapid home-price growth,” Fratantoni said.

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Housing Wire

JULY 27, 2023

Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%. By contrast, the 30-year fixed-rate mortgage was at 5.30% a year ago at this time.

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Housing Wire

OCTOBER 26, 2023

Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. The average 30-year, fixed-rate mortgage rose to 7.79% as of Oct. in 2023, reaching an annualized rate of 4.15 million units sold.

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Housing Wire

JANUARY 17, 2024

The 30-year fixed mortgage rate decreased six basis points to 6.75%, the lowest rate in three weeks,” Joel Kan , MBA’s vice president and deputy chief economist, said in a statement. Rates on jumbo loans (greater than $766,550) fell to 6.86% from 6.98% on a weekly basis. . ”

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Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. It was the expectation that the U.S.

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Housing Wire

SEPTEMBER 14, 2023

Mortgage rates inched back up this week and remain anchored north of 7% as investors focus on the impact of rising headline inflation ahead of next week’s Fed rate decision. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time. 14, up from last week ’s 7.12%.

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Housing Wire

MARCH 16, 2022

“Mortgage rates continue to be volatile due to the significant uncertainty regarding Federal Reserve policy and the situation in Ukraine,” said Joel Kan, associate vice president of economic and industry forecasting for the MBA. “Investors are weighing the impacts of rapidly increasing inflation in the U.S.

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Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. In the most recent Freddie Mac PMMS Mortgage Survey, which tracks purchase mortgage rates, the 30-year fixed-rate mortgage last week averaged 5.23% while the 5-year ARM averaged 4.12%.

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Housing Wire

APRIL 22, 2021

A year after issuing its first Single-Family Green Mortgage Backed Security on Earth Day 2020, Fannie Mae has now completed 25 transactions for the program, totaling $167 million in bonds backed by mortgages on newly constructed, energy-efficient homes. but are well-established in Europe. “Our

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Housing Wire

JULY 26, 2023

The Federal Reserve (Fed) raised the federal funds rate 25 basis points to the 5.25 While the markets have already “priced in” this rate hike, which was widely expected, most investors are already wondering what it would take for the central bank to lift rates again later this year. What’s next? However, 79.2%

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Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. Investors assessed the state of the U.S. economy after Fitch Ratings downgraded the U.S.′ long-term, foreign currency issuer default rating from AAA to AA+ on Tuesday. The following day, the U.S.

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Housing Wire

JULY 20, 2023

Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. To Ratiu, it is a clear signal that investors are still pricing a premium for the higher macro risk.

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Housing Wire

AUGUST 25, 2021

Refis ticked up 1% from the prior week and purchase mortgage applications jumped 3%, the trade group said on Wednesday. “ Mortgage rates slightly declined as a result, with the 30-year fixed rate decreasing for the first time in three weeks.

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Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 And it could be a while before they tick back down, economists say. on Wednesday.

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Housing Wire

MARCH 30, 2023

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. The survey shows the same rate was 4.67% a year ago. At Mortgage News Daily , rates were at 6.61% on Thursday afternoon, up one basis point from the previous closing and 23 bps from 6.38% compared to Friday.

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Realty Biz

OCTOBER 22, 2023

Finally, property owners are often able to secure fixed-rate mortgages. These are mortgages where the monthly rate remains the same, even as the prices of everything else increase. That means the mortgage repayments become less and less expensive in proportion to other prices.

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Housing Wire

JUNE 30, 2022

According to those sources, FGMC adopted an aggressive pricing strategy to purchase loans from correspondent partners, often paying 20 basis points higher than other investors on 30-year fixed-rate mortgages.

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Housing Wire

AUGUST 17, 2023

Mortgage rates continued to climb this week as U.S. According to those analysts, investors in the bond market are reacting to the government issuing debt and expecting the Federal Reserve to increase rates in September amid persistent inflation. bond yields hit their highest level since 2008.

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Housing Wire

MARCH 2, 2022

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, mortgage rates last week reached multi-year highs, “putting a damper on applications activity.”. For jumbo mortgage loans (greater than $647,200), rates rose to 3.88% from 3.84% the week prior.

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Housing Wire

MARCH 9, 2022

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, the “war in Ukraine spurred an investor flight to quality, which pushed U.S. Consequently, mortgage rates declined for the first time in 12 weeks, he said. Treasury notes, bonds and mortgage-backed securities.

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Housing Wire

JANUARY 12, 2023

Consequently, the 30-year fixed-rate mortgage declined to 6.33% this week, according to Freddie Mac , down 15 basis points compared to the previous week. The same rate was 3.45% one year ago at this time. At Mortgage News Daily, rates were 6.15% on Thursday morning, down six basis points.

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Housing Wire

JULY 1, 2021

The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data released Thursday by Freddie Mac ‘s PMMS. Within the past almost three months, mortgage rates have only peaked above 3% one time.

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Housing Wire

SEPTEMBER 23, 2021

This has led to a rise in foreign investor purchases of U.S. Treasuries, causing mortgage rates to remain in place, despite the increasing dispersion of inflation across different consumer goods and services.”. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%. Presented by: CoreLogic.

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Housing Wire

MAY 24, 2023

They are likely to be replaced by money managers as investors. Meanwhile, with the primary market struggling amid higher rates and lower inventory, MBS supply is expected to decline. “A 30-year fixed rate mortgage is an unusual beast,” Boston said. The Fed and U.S.

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Housing Wire

JUNE 15, 2022

A June market report by a major digital mortgage-exchange and loan-aggregator, MAXEX , which offers an overview of loan-trading activity through the exchange for May, confirmed the MBA panel’s projections. Morgan among its investors.

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