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%.

Fixed-rate mortgage 502

Fixed-rate mortgage Mortgages Lending Banks 502

Housing Wire

MAY 3, 2023

The MBA survey shows the average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.50% last week from 6.55% the prior week. Rates on jumbo loans (greater than $726,200) decreased to 6.37% from 6.40% on a weekly basis. the previous week.

Mortgages 393

Mortgages Fixed-rate mortgage Banks Lending 393

Housing Wire

MARCH 31, 2021

HousingWire recently sat down with Tom Hutchens, Angel Oak EVP of production, who shared how non-QM lending could be an effective way for lenders to replace lost business in the event of a refi boom slowdown. The post Mortgage applications fall for fourth week appeared first on HousingWire. Presented by: Angel Oak.

Fixed-rate mortgage 424

Fixed-rate mortgage Mortgages Loans Lending 424

Housing Wire

FEBRUARY 13, 2023

“Mortgage rates declined in January, continuing a trend that began in early November 2022,” Kevin McMahon, president of Optimal Blue, a division of Black Knight, said in a statement. Cash-out refinances remain down more than 85% from last year and rate/term refinances are still down more than 88% from the same month in 2021.

Fixed-rate mortgage 372

Fixed-rate mortgage Lending Mortgages Loans 372

Housing Wire

SEPTEMBER 16, 2021

According to Freddie Mac, the 30-year-fixed-rate mortgage was down slightly from last week’s 2.88% (with an average of 0.7 The 15-year-fixed-rate mortgage averaged 2.12% last week, a slight decline from the prior week’s 2.19%. A year ago, the average 15-year-fixed-rate mortgage was 2.35%.

Fixed-rate mortgage 471

Fixed-rate mortgage Mortgages Lending Loans 471

Housing Wire

AUGUST 10, 2023

“Homeownership is central to building wealth but has been out of reach for many minority families as a result of systemic inequalities in housing and finance,” Kevin Reen, head of Wells Fargo Home Lending, said in a statement. Mortgage , and/or Closing Cost Credit. Wells Fargo’s mortgage originations reached $7.8

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

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%.

Fixed-rate mortgage 414

Fixed-rate mortgage Mortgages Investor Lending 414

Housing Wire

JUNE 30, 2022

FGMC, controlled by global investment management firm PIMCO, said it had “significant operating losses and cash flow challenges due to unforeseen historical adverse market conditions for the mortgage lending industry, including unanticipated market volatility.”.

Bankruptcy 545

Bankruptcy Fixed-rate mortgage Lending Loans 545

Housing Wire

JANUARY 10, 2023

About 14% of respondents said that mortgage rates will go down in the next 12 months, while 51% stated that mortgage rates will go up. The agency expects the average 30-year fixed rate mortgage rate in 2023 to rise to 6.3% in the same period.

Fixed-rate mortgage 477

Fixed-rate mortgage Lending Mortgages Sales 477

Housing Wire

OCTOBER 14, 2021

If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.81%. The 15-year fixed-rate mortgage averaged 2.30% last week, up from the prior week, when it averaged 2.23%.

Fixed-rate mortgage 393

Fixed-rate mortgage Mortgages Lending Banks 393

Housing Wire

SEPTEMBER 29, 2023

I would say a vast majority of LOs have woken up to the fact that it won’t get easier,” said Groves, a branch manager at Synergy One Lending and owner of Consolidated Coaching. There’s growing concern in the mortgage industry that rates could even touch 8% before they fall below 7%.

Loan Officer 404

Loan Officer Mortgages Fixed-rate mortgage Loans 404

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. HELOCs allow homeowners to draw funds from their credit lines when they need them and typically offer lower rates than other fixed loan mortgage products and many unsecured consumer lending options.

Renovation 382

Renovation Fixed-rate mortgage Equity Finance 382

Housing Wire

MARCH 16, 2023

Industry observers said that, at least in the short term, mortgage rate declines will support home prices but lead to a better outlook for the spring season. Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage at 6.60% as of March 16, down 13 basis points from the previous week.

Banks 382

Banks Mortgages Fixed-rate mortgage Lending 382

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. The surprising surge in rates – up from 3% in January to over 6% in June – breathed new life into ARMs on the demand side, especially for loans with large balances.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Loan Officer 370

Housing Wire

JUNE 6, 2022

We are bringing together the most robust, powerful and efficient technology ever seen in lending and pairing that with a $25 billion a year loan originator,” Cagney, co-founder and CEO of Figure, said in a statement during the announcement. But things did not happen as expected.

Fixed-rate mortgage 393

Fixed-rate mortgage Lending Technology Loans 393

Housing Wire

APRIL 9, 2024

In response, the company said its average rate for the $97.6 billion of mortgages sold to Fannie Mae and Freddie Mac in 2023 was 6.51%, compared to the 6.81% average for the 30-year fixed rate mortgage. Lenders are a mix of credit unions, commercial banks, and mortgage lending companies.

Fixed-rate mortgage 431

Fixed-rate mortgage Loans Mortgages Loan Officer 431

Housing Wire

AUGUST 17, 2023

Founded in 2019, the Virginia-based lender saw a 2,230% three-year growth rate. Zap Mortgage (no.294) 294) placed second among the mortgage lenders, growing 1,915% in the past three years. Trius Lending Partners (no.678), 769) and American Mortgage Mortgage trailed with a three-digit three-year average growth.

Mortgages 370

Mortgages Loan Officer Fixed-rate mortgage Loans 370

Housing Wire

AUGUST 10, 2021

The data is based on a representative sampling of the mortgage applications initiated on ICE’s Encompass Lending Platform. The average 30-year fixed-rate mortgage was 3.22% in June, down from 3.27% in May but up from 2.93% in December 2020.

Mortgages 393

Mortgages Fixed-rate mortgage Marketing Lending 393

Housing Wire

NOVEMBER 10, 2021

The dip in rates might have helped to bring some buyers back into the market, but housing inventory is still extremely low and price growth remains elevated.”. Freddie Mac ‘s PPMS Mortgage Survey published earlier this week found that the average 30-year-fixed rate mortgage dropped to 3.09% during the same week.

Mortgages 393

Mortgages Fixed-rate mortgage Lending Industrial 393

Housing Wire

OCTOBER 16, 2023

.” With that, Broeksmit rattled off a number of grievances against foes the Beltway. Mortgage rates On the day Broeksmit addressed the crowd in Philadelphia, mortgage rates were north of 7.7% on a standard 30-year fixed-rate mortgage. Not just mortgages, but servicing.

Fixed-rate mortgage 414

Fixed-rate mortgage Banks Lending Mortgages 414

Housing Wire

NOVEMBER 23, 2022

MBA estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) fell to 6.67% from the previous week’s 6.90%. At its recent peak about a month ago, rates reached 7.16%. Jumbo mortgage loans (greater than $647,200) this week also decreased to 6.30% from 6.51%, the MBA said.

As-is 393

As-is Mortgages Fixed-rate mortgage Loans 393

Housing Wire

OCTOBER 18, 2022

Regardless, it’s good for the mortgage industry to know that the average consumer is still relatively optimistic. Comparison of 30-year mortgage to 10-year Treasury rates : The 30-year fixed-rate mortgage average in the U.S. is closely related to movement in the 10-year Treasury rate.

Mortgages 370

Mortgages Marketing Fixed-rate mortgage Lending 370

HomeLight

MARCH 5, 2024

For most homebuyers and refinancing homeowners, the traditional 30-year fixed-rate mortgage is often the default loan option they use to purchase a house. But there are other types of mortgages and term lengths available. A phrase you might hear in real estate lending circles is “10 over 30 mortgage.”

Fixed-rate mortgage 100

Fixed-rate mortgage Mortgages Loans Finance 100

Housing Wire

JANUARY 26, 2022

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, all mortgage rates continue to climb, but the 30-year fixed rate rose for the fifth consecutive week to its highest level since March 2020. The keys to lending in a post-refi boom world.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Lending 370

Housing Wire

JUNE 28, 2022

It’s caused frustration for FGMC’s lending partners. A West Coast-based lending executive told HousingWire that FGMC said it can’t or won’t honor locks in its correspondent pipeline, even loans that were cleared for funding and underwritten by FGMC. “On Friday, we stopped getting responses via email. .”

Loans 382

Loans Due diligence Fixed-rate mortgage Lending 382

Housing Wire

MARCH 29, 2022

Mike Cagney didn’t expect to be releasing a cryptocurrency-backed 30-year fixed-rate mortgage product so soon. The plan was for Figure Technologies to launch such a product only after completing the merger with multichannel mortgage lender Homebridge Financial Services.

Mortgages 382

Mortgages Fixed-rate mortgage Technology Loans 382

Housing Wire

JULY 14, 2022

Between navigating a post-pandemic world, rate hikes and the threat of a recession, mortgage lenders across the country are managing a volatile housing market. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment. Presented by: Polly.

Mortgages 370

Mortgages Fixed-rate mortgage Loan Officer Lending 370

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. It’s a very well-trodden path.”.

Industrial 442

Industrial Loan Officer Fixed-rate mortgage Lending 442

Housing Wire

MARCH 14, 2023

“It will be hard to be completely confident in the near term that Sunday’s intervention will halt the pressure on smaller banks, who play a large macroeconomic role and could become considerably more conservative in their lending.” The current uncertainty brings an upside to the housing market: mortgage rates are in a downward trend.

Banks 370

Banks Fixed-rate mortgage MLS Lending 370

Toronto Realty Blog

APRIL 29, 2024

I can lock into a 5-year, fixed-rate mortgage this November which will probably be at least 2% higher than my current rate of 2.59%. Or I could lock into a 3-year, fixed-rate mortgage that’s likely going to be 20-40 basis points higher, but allow myself to take advantage of (potentially) lower rates in three years.

Fixed-rate mortgage 84

Fixed-rate mortgage Banks Lending Mortgages 84

Housing Wire

JULY 28, 2022

The Fed raised interest rates by 75 bps Wednesday, marking its fourth rate hike this year. While interest rates do not dictate mortgage rates, higher rates make a range of lending more expensive. According to Freddie Mac, the 15-year fixed-rate purchase mortgage averaged 4.58% with an average of 0.8

Mortgages 382

Mortgages Fixed-rate mortgage Lending Sales 382

Housing Wire

MAY 5, 2022

Between the recent rate hike from the Federal Reserve, the ongoing war in Ukraine and continued economic recovery following the pandemic, mortgage lenders across the country are managing a volatile housing market. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment.

Mortgages 370

Mortgages VA loan Fixed-rate mortgage Banks 370

Housing Wire

AUGUST 15, 2022

HELOCs allow homeowners to tap the equity in their home without incurring a much higher first-lien mortgage via a cash-out refinancing. The interest rate for a 30-year, fixed-rate mortgage averaged 5.22% as of August 11, according to Freddie Mac’s most recent weekly Primary Mortgage Market Survey.

Equity 424

Equity Lending Fixed-rate mortgage Loans 424

Housing Wire

JUNE 16, 2022

The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. It’s painful that on the same $300,000 mortgage, the monthly payment rose to $1,800 today from $1,265 in December. mortgage industry to fund $4.1

Marketing 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

FEBRUARY 6, 2023

Compared to the same time last year, the monthly mortgage payment on an averaged-priced home is 40% higher, or nearly $600 more, using a 20% down payment on a 30-year fixed-rate mortgage. On the flip side, temporary rate buydowns remained a relatively small share of originations.

Equity 382

Equity Fixed-rate mortgage Mortgages Loans 382

Marco Santarelli

MARCH 31, 2024

For instance, even if interest rates rise, house prices may continue to increase if there is a period of rising incomes or a shortage of housing supply. Additionally, the type of mortgage rates—fixed or variable—can also play a role. The availability of mortgages is also a critical factor.

Fixed-rate mortgage 104

Fixed-rate mortgage Lending Mortgages Banks 104

Housing Wire

MARCH 15, 2023

. “While lower rates should buoy housing demand, the financial market volatility may cause buyers to pause their decisions.” Rates for jumbo loan balances (greater than $726,200) went from 6.49% to 6.39% in the same period. . “But this is something which has not been announced just yet,” Guzzo said. ”

Banks 370

Banks Mortgages Fixed-rate mortgage Loans 370