Housing Wire

DECEMBER 28, 2023

As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, a slight decrease from the 6.67% rate recorded on Dec. 21 according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Fixed-rate mortgage 487

Fixed-rate mortgage Mortgages Finance Equity 487

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Loans 427

Loans Mortgages Banks Fixed-rate mortgage 427

Housing Wire

JANUARY 4, 2024

In the first week of 2024, mortgage rates continued to stick around the mid 6% mark. The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4, a slight increase from the 6.61% rate recorded on Dec. 28 , according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Fixed-rate mortgage 437

Fixed-rate mortgage Mortgages MLS Loans 437

Housing Wire

JANUARY 19, 2022

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. Regarding purchase applications, the average loan size set a record at $418,500. The refinance share of mortgage activity decreased to 60.3% The post Mortgage apps up 2.3%

Loans 395

Loans Mortgages VA loan Fixed-rate mortgage 395

Housing Wire

SEPTEMBER 20, 2023

15, mortgage applications rose 5.4% from the prior week , according to data from the Mortgage Bankers Association. Last week, purchase applications increased for both conventional and FHA loans but remained 26% lower than the same week a year ago. The 30-year fixed mortgage rate increased to 7.31% last week, according to Kan.

Fixed-rate mortgage 446

Fixed-rate mortgage Mortgages FHA loan Loans 446

Housing Wire

JANUARY 13, 2021

“Even with the rise in mortgage rates, refinancing did not slow to begin the year, with the index hitting its highest level since last March,” said Kan. “Both conventional and government refinance applications increased, with applications for government loans having their strongest week since June 2012.”. from 10.1%

Fixed-rate mortgage 501

Fixed-rate mortgage Mortgages Loans Industrial 501

Housing Wire

OCTOBER 12, 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 mortgage averaged 7.57% as of Oct. By contrast, the 30-year, fixed-rate mortgage was at 6.92% a year ago at this time.

Fixed-rate mortgage 417

Fixed-rate mortgage Mortgages MLS Investor 417

Housing Wire

OCTOBER 5, 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 7.49% as of Oct. By contrast, the 30-year fixed-rate mortgage was at 6.66% a year ago at this time.

Fixed-rate mortgage 446

Fixed-rate mortgage Mortgages MLS Loans 446

Housing Wire

JUNE 2, 2021

The average contract interest rate for 15-year fixed-rate mortgages increased to 2.56% from 2.53% The average contract interest rate for 5/1 ARMs saw another week of dramatic fluctuation, increasing to 2.54% from 2.81%. The post Fewer people are submitting mortgage applications appeared first on HousingWire.

Fixed-rate mortgage 543

Fixed-rate mortgage Mortgages New Construction Loans 543

Housing Wire

JANUARY 24, 2024

There is still little incentive for homeowners to refinance with rates at these levels.” The MBA survey shows the average mortgage rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.78% last week, up from 6.75% the prior week.

Mortgages 475

Mortgages Fixed-rate mortgage Loans Residential 475

Housing Wire

OCTOBER 6, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the ongoing economic uncertainty. For jumbo loans, it went from 6.01% to 6.14% in the same period.

Loans 370

Loans Mortgages Marketing Fixed-rate mortgage 370

Housing Wire

SEPTEMBER 13, 2023

Simultaneously, purchase applications increased over the week despite the increase in rates , buoyed by a 2% gain in conventional loans. At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgages at 7.17% on Sunday. Department of Agriculture loans’ share fell to 0.4%

Fixed-rate mortgage 407

Fixed-rate mortgage Mortgages Loans Finance 407

Housing Wire

JANUARY 31, 2024

The average loan size for purchase applications has risen in recent weeks to $444,100, the largest average loan size since May 2022, Kan added. On the strength of lower mortgage rates, homebuyers are reclaiming some purchasing power. Last week, refis comprised 34.2% of the total applications, up from 32.7%

Mortgages 446

Mortgages Fixed-rate mortgage Loans Residential 446

Housing Wire

DECEMBER 6, 2023

Falling mortgage rates last week brought increased demand. Total home loan applications increased 2.8% 1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. for the week ending Dec. the week prior.

VA loan 512

VA loan Mortgages FHA loan Fixed-rate mortgage 512

Housing Wire

DECEMBER 16, 2020

Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) decreased to 2.85% from 2.9% – a survey low The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than (..)

Fixed-rate mortgage 481

Fixed-rate mortgage Mortgages Loans Industrial 481

Housing Wire

NOVEMBER 2, 2023

However, mortgage rates still remain at a 23-year high. The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, according to Freddie Mac ‘s Primary Mortgage Market Survey. The Federal Reserve again decided not to raise interest rates but have not ruled out a hike before year-end.

Fixed-rate mortgage 469

Fixed-rate mortgage Mortgages MLS Investor 469

Housing Wire

JUNE 28, 2022

Roughly a year ago, the Austin-based fintech began to sell its loans to First Guaranty Mortgage Corporation (FGMC), a lender and investor that specializes in non-qualified mortgage loans and is controlled by behemoth investment management firm Pacific Investment Management Company (PIMCO). . Treasury rates. .

Loans 383

Loans Due diligence Fixed-rate mortgage Lending 383

Housing Wire

SEPTEMBER 6, 2023

At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgages at 7.15% on Tuesday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.21%. The Federal Housing Administration loans’ share increased to 13.7% from 13.2% a week prior.

Fixed-rate mortgage 417

Fixed-rate mortgage Mortgages Loans Marketing 417

Housing Wire

JANUARY 11, 2024

Mortgage rates ticked up this week as the 10-year Treasury yield made its way back above 4%. The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, a slight increase from last week’s 6.62%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Fixed-rate mortgage 427

Fixed-rate mortgage Mortgages Closing costs MLS 427

Housing Wire

SEPTEMBER 27, 2023

At HousingWire’s Mortgage Rates Center , Optimal Blue showed the 30-year fixed-rate mortgage at 7.38% on Tuesday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.50% on Tuesday. The Federal Housing Administration loans’ share decreased to 14.1%

Mortgages 437

Mortgages Fixed-rate mortgage Loans Marketing 437

Housing Wire

JULY 13, 2022

June was a rough month for jumbo-mortgage securitizations, with only two private-label offerings brought to market valued at roughly $821 million. The two jumbo-loan deals that did make it out of the gate last month were issued by Rocket Mortgage and J.P. Morgan Chase via the Rocket Mortgage Trust and J.P.

Loans 395

Loans Fixed-rate mortgage Mortgages Residential 395

Housing Wire

AUGUST 4, 2021

for 80% LTV loans. for 80% LTV loans. for 80% LTV loans. The post 30-year rate drops below 3% for first time since February appeared first on HousingWire.

Fixed-rate mortgage 475

Fixed-rate mortgage Mortgages Loans Marketing 475

Housing Wire

JULY 7, 2021

Those who are filling out purchase mortgage applications are requesting bigger loan amounts, but there are fewer applicants. “Swift home-price growth across much of the country, driven by insufficient housing supply, is weighing on the purchase market and is pushing average loan amounts higher,” Kan said.

Fixed-rate mortgage 454

Fixed-rate mortgage Mortgages Loans Industrial 454

Housing Wire

JUNE 23, 2021

. “Despite the jump in rates, refinances also increased for the second consecutive week, pushed higher by a 4% bump in conventional refinance applications,” Kan said, “Government purchase applications drove most of last week’s increase, which also contributed to a slightly lower overall average purchase loan size.”.

Fixed-rate mortgage 425

Fixed-rate mortgage Mortgages Loans Construction 425

Housing Wire

JULY 28, 2021

Those ultra-low rates naturally resulted in a sharp uptick in refinancing activity. “With over 95% of refinance applications for fixed rate mortgages, borrowers are looking to secure a lower rate for the life of their loan,” Kan said Wednesday.

Fixed-rate mortgage 383

Fixed-rate mortgage Mortgages Loans Finance 383

Housing Wire

FEBRUARY 7, 2024

Despite swings in Treasury yields, mortgage rates have remained stable since the beginning of the year. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, according to Freddie Mac ’s Primary Mortgage Market Survey.

Mortgages 469

Mortgages Fixed-rate mortgage Loans Residential 469

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6%

Fixed-rate mortgage 529

Fixed-rate mortgage Mortgages New Construction Construction 529

Housing Wire

JULY 21, 2021

This, in turn, led to mixed changes in mortgage rates. “Refinance activity fell over the week, but because rates have stayed relatively low, the pace of applications was close to its highest level since early May 2021.”. The post Mortgage applications fall amid market jitters appeared first on HousingWire.

Fixed-rate mortgage 446

Fixed-rate mortgage Mortgages Marketing Loans 446

Housing Wire

FEBRUARY 14, 2024

The 30-year fixed-rate mortgage averaged 6.64% as of Feb. 8, according to Freddie M ac ’s Primary Mortgage Market Survey. The MBA survey shows that the average mortgage rate for 30-year fixed loans with conforming balances ($766,550 or less) increased to 6.87%, up from 6.80% the week before.

Mortgages 407

Mortgages Fixed-rate mortgage Loans Residential 407

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%

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Investor 370

Housing Wire

JULY 12, 2022

The loan quality of mortgage pools backing private-label securitization (PLS) deals has remained solid this year through the end of June, even as deal volume slowed appreciably between the first and second quarters. . Even with big drop in rates in the first week of July — the sharpest decline since 2008 , to 5.3% billion.

Loans 370

Loans Staging Mortgages Fixed-rate mortgage 370

Housing Wire

FEBRUARY 8, 2023

Because home prices remain high, inventory is low and first-time homebuyers are largely shut out of the market, the average loan size last week checked in at $428,500, the highest level since May 2022. Adjustable-rate mortgages represented 6.6% 8, mortgage rates on a 30-year-fixed rate loan averaged 6.42%.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans As-is 370

Housing Wire

MARCH 10, 2021

“Loan sizes moderated for the second straight week, which is potentially a sign that more first-time buyers are entering the market,” Kan said. “Signs of faster economic growth, an improving job market and increased vaccine distribution are pushing rates higher.

Fixed-rate mortgage 417

Fixed-rate mortgage Mortgages Loans Industrial 417

Housing Wire

FEBRUARY 21, 2024

The 30-year fixed-rate mortgage averaged 6.77% as of Feb. 15, according to Freddie Ma c ’s Primary Mortgage Market Survey. As of Wednesday, the 30-year fixed rate on HousingWire’s Mortgage Rates Center , powered by Polly , stood at 7.21%. Last week, refis accounted for 32.6% the week prior.

Mortgages 437

Mortgages Fixed-rate mortgage Loans Residential 437

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 Compared to last year, fewer people are applying for purchase mortgages, the MBA reported, as home prices continue to rise and prospective buyers avoid astronomical bidding wars.

Fixed-rate mortgage 446

Fixed-rate mortgage Mortgages Loans Industrial 446

Housing Wire

SEPTEMBER 21, 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 7.19% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 6.29% a year ago at this time.

Mortgages 427

Mortgages Fixed-rate mortgage Loans Construction 427

Housing Wire

FEBRUARY 28, 2024

The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, according to Freddie Ma c ’s Primary Mortgage Market Survey. As of Wednesday, the 30-year fixed rate on HousingWire’s Mortgage Rates Center , powered by Polly , stood at 7.26%. Last week, refis accounted for 31.2% the previous week.

Mortgages 435

Mortgages Fixed-rate mortgage Loans Residential 435