Housing Wire

MARCH 19, 2025

Mortgage applications decreased 6.2% That’s according to the latest data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending March 14, 2025. The Market Composite Index, which measures mortgage loan application volume, decreased 6.2% the previous week.

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Housing Wire

APRIL 30, 2025

Mortgage application activity, particularly for home purchases, continues to be subdued by broader economic uncertainty and signs of labor market weakness, dropping to the slowest pace since February, said Kan. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 6.88% from 6.90%.

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Housing Wire

APRIL 2, 2025

Treasury yields continue to be volatile as economic uncertainty dominates markets. Most mortgage rates finished last week lower, with the 30-year fixed essentially unchanged at 6.70%. For 30-year fixed-rate mortgages with jumbo loan balances, rates decreased to 6.76% from 6.77%. the week prior.

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Housing Wire

JANUARY 15, 2025

While the market composite index increased over 33% on a seasonally adjusted basis, the index increased 52% on an unadjusted basis during the same time period. This week’s reading, for the week ending Jan. 10, 2025, is a stark difference from last week’s applications , which reflected a seasonal lull following Christmas.

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Housing Wire

MARCH 30, 2025

Notably, the rate of multifamily delinquencies currently stands at under 1%, but it is at levels above the 2008 recession. However, there is a big difference between apartment lending and homeowners who have a 30-year fixed-rate mortgage. Some people are trying to imply that we have major stress in homeowner data.

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Housing Wire

JANUARY 22, 2025

Mortgage escrow accounts are an important, yet widely misunderstood asset in the housing market. Although 80% of mortgage holders have escrow accounts, only 60% fully understand them, up from 52% in early 2024. And those who don’t understand are paying dearly.

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Housing Wire

JANUARY 8, 2025

Applications decreased last week as rising mortgage rates continued to discourage buyers from entering the market and put a damper on purchase activity. Rates for FHA-backed 30-year fixed-rate mortgages dropped from 6.69% to 6.65% during the week, while 15-year fixed loans increased slightly from 6.43% to 6.46%.

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Housing Wire

FEBRUARY 12, 2025

Mortgage applications increased 2.3% The Mortgage Bankers Association ‘s market composite index increased 6% on an unadjusted basis compared with the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) saw marginal movement to 6.95% from 6.97%.

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Housing Wire

MARCH 3, 2021

The housing market is entering the busy spring buying season with strong demand,” Kan said. The post Mortgage applications recover as winter storms pass appeared first on HousingWire. The refinance index increased 0.1% from the previous week and was 7% higher year-over-year.

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Housing Wire

APRIL 10, 2025

Americas housing market isnt just cooling its frozen in place. Millions of homeowners are locked into 23% mortgage rates and simply wont sell, creating a chain reaction thats grinding the entire system to a halt. But this isnt just a temporary side effect of high interest rates. It was built for stability.

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Housing Wire

JULY 14, 2021

.” The sheer amount of bidding wars decreased from May to June, per a study released this week from Redfin, as more homes for sale have slowly hit the market in the past month. The refinance share of activity of total mortgage applications increased to 64.1% from 61.6% the previous week.

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Housing Wire

NOVEMBER 27, 2024

“Purchase activity drove overall applications higher last week, as conventional purchase applications picked up pace and mortgage rates declined for the first time in over two months,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. percent from 6.90

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Housing Wire

FEBRUARY 19, 2025

Mortgage rates decreased on average over the week, as markets brushed off unexpectedly strong inflation data. The seasonally adjusted purchase index decreased 6% from one week earlier while the unadjusted Purchase Index decreased 1% during the same week. Compared to the same time last year, the unadjusted index was 7% higher.

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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

OCTOBER 20, 2023

The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, and it’s hurt first-time homebuyers the most. To conduct this analysis, Redfin compared median monthly mortgage payments for homebuyers in August 2023 and August 2022.

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Housing Wire

MARCH 26, 2025

Added Kan, Markets remained focused on potential trade policy changes, while the Fed held the funds rate [at] its current level, resulting in the 30-year fixed rate averaging 6.71% last week. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 6.77% from 6.78%.

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Housing Wire

MAY 28, 2025

The 5/1 option provides a fixed interest rate for the first five years, after which the rate adjusts annually based on market conditions. ARMs typically gain market share when rates are elevated, as borrowers can access lower initial rates compared to traditional fixed-rate mortgages.

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Housing Wire

DECEMBER 6, 2023

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. Total home loan applications increased 2.8% for the week ending Dec.

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Housing Wire

DECEMBER 9, 2021

HousingWire Editor-in-Chief Sarah Wheeler and Deluxe Senior Business Development Executive Mark McGuinn discuss the challenges lenders are facing to optimize lead generation, even as mortgage rates continue to change. The latest Mortgage Bankers Association (MBA) survey published on Wednesday showed a 27.3% Presented by: Deluxe.

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Housing Wire

JUNE 16, 2021

Treasury yields have slid because of the uncertainty in the financial markets regarding inflation , and how the Federal Reserve may act over the next few months.” ” Purchase applications were also down 17% from a year ago, the start of the mortgage boom, Kan said. of total mortgage applications from 60.4% from 11.2%.

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Housing Wire

MARCH 30, 2023

Mortgage rates declined for the third consecutive week, sparking hope for a good homebuyers’ spring season. 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. treasuries, increased in the period.

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Housing Wire

JANUARY 20, 2025

This housing market is on hold until mortgage rates come down. We knew that mortgage rates over 7% were possible for the year, and here we are. I still expect well spend most of the year under 7% for the 30-year fixed rate mortgage , but until that happens, home sales are at a standstill.

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Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

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Housing Wire

FEBRUARY 26, 2025

Treasury yields moved lower on softer consumer spending data as consumers are feeling somewhat less upbeat about the economy and job market, said Kan. Increasing for-sale inventory in some markets has provided prospective buyers more options as we approach the spring homebuying season.

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Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. 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 7.12% as of Sept.

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Housing Wire

AUGUST 5, 2024

sent shockwaves through financial markets around the world on Monday. mortgage market , which has already seen big interest rate declines in the past week following a Fed meeting that teased forthcoming cuts to benchmark interest rates, along with a much weaker-than-expected jobs report.

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Housing Wire

OCTOBER 8, 2021

Despite average 30-year mortgage rates that have remained below 3% for most of 2021, the rapid home price increases are eroding affordability for average wage earners. Even with an average 30-year fixed rate mortgage of 2.84% in August , the 14.9% Top Markets for Renovated Inventory. Among 75 U.S.

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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.

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Housing Wire

FEBRUARY 23, 2024

The year 2024 has started with cautious optimism that mortgage rates will drop, sparking much-needed activity in the sluggish U.S. housing market. Mortgage rates, however, have been on a rising trend of late. HousingWire’s Mortgage Rates Center showed the 30-year fixed-rate mortgage at 7.21% on Feb.

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Housing Wire

JANUARY 6, 2022

The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. A year ago at this time, it averaged 2.16%.

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Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. economy through full employment, stable prices and moderate long-term interest rates.

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Housing Wire

MARCH 1, 2023

Data on inflation , employment and economic activity signaled that inflation may not be cooling as quickly as anticipated, putting upward pressure on rates, Kan explained. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances that are greater than $726,200 remained at 6.44% during the same period.

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Housing Wire

FEBRUARY 8, 2024

Mortgage rates stabilized this week despite newly released economic data. The 30-year fixed-rate mortgage averaged 6.64% as of Feb. 8, a slight increase from last week ’s figure of 6.63%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

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Housing Wire

FEBRUARY 2, 2023

The Federal Reserve Chairman Jerome Powell maintained a hawkish tone during his speech at a press conference on Wednesday afternoon — but it wasn’t hawkish enough to keep optimism from spreading across the markets as mortgage rates dropped closer to 6%. In turn, mortgage rates started a free fall.

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Housing Wire

OCTOBER 19, 2023

Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% Per Mortgage News Daily , mortgage rates touched 8.03% on Wednesday, up from 7.69% the previous week. By contrast, the 30-year, fixed-rate mortgage was at 6.94% a year ago at this time.

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Housing Wire

OCTOBER 12, 2023

To that end, the CHLA, NAR and ICBA urged that the Federal Reserve shift its policy to maintain its stock of mortgage-backed securities (MBS) and suspend runoff until liquidity and the spread between the 30-year fixed rate mortgages and 10-year Treasury stabilizes.

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Housing Wire

NOVEMBER 10, 2021

Mortgage rates fell below 3% in the week ending November 10, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage declined to 2.98% last week, falling 11 basis points from 3.09% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged 2.84%.

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