Fewer people are submitting mortgage applications

Housing Wire

Mortgage applications dropped for the second straight week , this time down 4% for the week ending May 28, 2021, according the Mortgage Bankers Association ‘s weekly mortgage applications survey. “Even though rates have been below 3.2%

Mortgage applications recover as winter storms pass

Housing Wire

Mortgage applications recovered slightly from last week , increasing 0.5% 26, 2021 according to the latest report from the Mortgage Bankers Association. That is despite the fact that the 30-year fixed rate experienced its largest single-week increase in almost a year, reaching 3.23%.

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Mortgage applications decrease 4%

Housing Wire

After two straight weeks of increases , mortgage applications dropped 4.2% for the week ending May 21, 2021, according to the Mortgage Bankers Association ‘s weekly mortgage applications survey. of total mortgage applications from 63.3%

Fixed-rate mortgages favoured by first-timers; hybrid mortgage introduced

REM Online

The original post can be found at the following URL: Fixed-rate mortgages favoured by first-timers; hybrid mortgage introduced. A recent survey by BMO says 57 per cent of homeowners are planning to opt for a fixed-rate mortgage.

New-year optimism reflected in mortgage applications jump

Housing Wire

Mortgage applications jumped 16.7% drop last week , according to the Mortgage Bankers Association. The 30-year fixed mortgage rate climbed two basis points to 2.88%, but the 15-year fixed rate fell to 2.39% — a survey low.

Mortgage rates remain at record-low levels

Housing Wire

After falling to the lowest rate in Freddie Mac’s Primary Mortgage Market Survey’s near 50-year-history last week, the average U.S. mortgage rate for a 30-year fixed loan remained at a survey-low 2.67% this week.

Mortgage applications decrease as rates move higher

Housing Wire

Mortgage applications decreased 1.9% 15 from one week earlier , per data from the Mortgage Bankers Association’s weekly survey. The 30-year fixed rate rose to 2.92%, its highest level since last November. The FHA share of total mortgage applications decreased to 9.3%

Mortgage applications continue to fall as rates climb

Housing Wire

Mortgage applications dropped for the second straight week — falling 2.2%, according to the latest report from the Mortgage Bankers Association. Rates have jumped north of 3% , with most recent reports showing it hovering around 3.5%.

Mortgage applications drop, but spring buying season looms

Housing Wire

After a slight increase in late February , mortgage applications dipped 1.3% in the week ending March 5, according to the latest report from the Mortgage Bankers Association. The FHA share of total mortgage applications decreased to 11.6%

Rising rates push mortgage applications down for fifth week

Housing Wire

Mortgage applications decreased for the fifth straight week – this time down 5.1%, according to the latest report from the Mortgage Bankers Association. Refinance mortgage applications declined for the fifth straight week. The 30-year fixed rate moved up to 3.6%

Mortgage applications see slight decline despite 3% mortgage rate

Housing Wire

Mortgage applications held relatively steady last week, falling 0.7% from the week prior, according to a report from the Mortgage Bankers Association. Refinances also continued to inch closer to two-thirds share of mortgage activity as they increased to 65.6%

As mortgage rates climb, applications fall six basis points

Housing Wire

For the second week in a row, mortgage applications faltered slightly, falling 0.6% from the week prior, according to a report from the Mortgage Bankers Association. The 30-year fixed rate climbed two basis points to 3.02, the highest since late September.

ARM vs. Fixed-Rate Mortgage: Which Home Loan Is Better for You?

Realtor.com

If you’re raring to buy a home , chances are you’ll need a mortgage. But which kind of mortgage should you get? One good place to start figuring out your options is a mortgage calculator , where you can plug in various home prices and and have this sum broken down into monthly payments.

Alongside rising yields, mortgage rates increase to 2.79%

Housing Wire

The average mortgage rate for a 30-year fixed loan rose from its previous record low by 14 basis points this week to 2.79%, according to Freddie Mac ’s Primary Mortgage Market Survey. This marks the first time mortgage rates have risen in almost two months.

Rising mortgage rates push applications lower

Housing Wire

For the second week in a row , mortgage applications decreased – this time, down 4.1% 22, according to data from the Mortgage Bankers Association. The 30-year-fixed rate rose to 2.95%, its highest level since November 2020, according to Joel Kan, MBA associate vice president of economic and industry forecasting. All other mortgage rates in the survey posted a decline. The FHA share of total mortgage applications increased to 9.4%

The purchase mortgage market is back on top

Housing Wire

The share of refinances in mortgage origination volume dipped below 50% for the first time in 15 months in March, according to Black Knight ‘s new monthly data report, the Originations Market Monitor. ” Despite refi activity in freefall, overall rate lock volume was up 2.5%

Could 2% define mortgage rates for the next decade?

Housing Wire

The end of 2020 won’t necessarily mean saying goodbye to the favorable 2% mortgage rates that hit historically low levels 16 times over the past 12 months. Low mortgage rates fuel the demand for valuation and settlement services. Presented by: VRM Mortgage Services.

Top 5 mortgage terms to know before you buy a house

Housing Wire

The mortgage application process can be a confusing one — especially if you’ve never gone through it before. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. The differences between FHA, VA, and USDA mortgages.

Mortgage rates remain steady, rise to 2.81%

Housing Wire

mortgage rate for a 30-year fixed loan remained steady this week, gaining one basis point to 2.81%, Freddie Mac said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.32%, falling from last week’s 2.33%. After this week’s dip, there have now been 14 consecutive weeks when average mortgage rates have been below 3%. The post Mortgage rates remain steady, rise to 2.81% appeared first on HousingWire.

Mortgage applications decrease 1%

Inman

Climbing mortgage rates have slowed demand for refinance applications, while purchase applications remain strong moving into the spring season, according to the Mortgage Bankers Association.

Mortgage Rates Taper Over the Prior Month, Boosting Refinancing

Eyes on Housing

Over the last month, the Mortgage Bankers Association’s (MBA) tracked 30-year fixed-rate mortgage rate dipped below the elevated levels shown in April, mirroring a similar decline in Treasury yields.

Mortgage applications increase for fourth time in 5 weeks

Inman

Mortgage applications and refinance applications increased during the week ending December 11, 2020, according to the Mortgage Bankers Association's weekly survey.

Mortgage rates continued to climb this week

Inman

After falling to historic lows last year, rates have climbed back over 3 percent but still remain lower than last year's levels. Mortgage 30 year fixed rate mortgage freddie mac mortgage mortgage rate Sam Khater

Mortgage rates hit record low as Fed holds interest rates at zero

Inman

It's the lowest 30-year, fixed-rate mortgage since Freddie Mac began tracking the data in 1971. Markets & Economy Mortgage Select 30 year fixed rate mortgage federal reserve freddie mac interest rates mortgage mortgage rates Sam Khater

Mortgage rates fall to record new low as home sales begin to sputter

Inman

The average rate for a 30-year, fixed-rate mortgage fell to 2.71 percent, the lowest number ever recorded by Freddie Mac's weekly survey of rates, which dates back to 1971.

2021 opens with a new record low for mortgage rates

Inman

The average 30-year mortgage hit an all-time low of 2.65 Mortgage Select 30 year fixed rate mortgage freddie mac mortgage mortgage rates Sam Khaterpercent this week, according to data from Freddie Mac released Thursday.

Study: Women pay higher mortgage rates than men in all but one state

Inman

was found to offer lower interest rates to women than men, on average, for a 30-year, fixed-rate mortgage, according to mortgage tech company Own Up. Only one state in the U.S.

Mortgage Activity Remains Higher Year-over-Year

Eye on Housing

For the four-week period ending on February 5, 2021, the Mortgage Bankers Association’s (MBA) latest Weekly Application Surveys showed sustained elevated activity, unseen through most of 2020, except at the outset of the COVID-19 pandemic.

Mortgage rates remain low amid ‘struggling economy’

Inman

The average 30-year mortgage stayed flat from last week at 2.79 Mortgage Select 30 year fixed rate mortgage freddie mac mortgage rates NAR Sam Khaterpercent — near historic lows.

Low mortgage rates are propping up economy and propelling growth

Inman

The average rate for a 30-year, fixed-rate mortgage was 2.81 percent, according to Freddie Mac's weekly Primary Mortgage Market Survey. percent, a shave higher than last week's historic low of 2.8

Mortgage applications increase as 30-year rate falls

Housing Wire

After three straight weeks of declines , mortgage applications increased 4.2% for the week ending June 11, 2021, according to the latest report from the Mortgage Bankers Association. of total mortgage applications from 60.4%

Study: Women pay higher mortgage rates than men in all but one state

Inman

Alaska is the only state where women can expect to pay, on average, a lower interest rate than men on their 30-year fixed-rate mortgage.

Mortgage Environment Shifts to Higher Mortgage Rates

Eye on Housing

Since the start of 2021, the MBA’s tracked 30-year fixed rate mortgage rate has increased 40 basis points and currently stands at 3.28%. The week that showing the largest gains over the last month was the week ending February 26, increasing by 15 basis points.

Applications drop, despite falling mortgage rates

Housing Wire

Following an almost 9% jump in mortgage applications last week , the Mortgage Bankers Association reported a 2.5% “Even with a few weeks of lower rates, most borrowers have likely already refinanced, which is why activity has decreased in seven of the last eight weeks,” Kan said.

Mortgage applications rebound following drop in rates

Housing Wire

After six consecutive weeks of dips , mortgage applications rose 8.6% in the latest report from the Mortgage Bankers Association. “Borrowers acted on the decrease in rates for most loan types, with both conventional and government refinance applications showing gains,” Kan.

Mortgage applications are thinning as summer approaches

Housing Wire

For the third week in a row, mortgage applications decreased. 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. of total mortgage applications from 61.3%

Mortgage applications increase for second straight week

Housing Wire

Mortgage applications increased for the second straight week , this time jumping 1.2% for the week ending May 14, 2021, according to the latest report from the Mortgage Bankers Association. of total mortgage applications from 61.3%

Spring Home-Buying Fervor in Latest MBA Survey

Eye on Housing

Over the last month, the Mortgage Bankers Association’s (MBA) tracked 30-year fixed-rate mortgage rate continued to show elevated levels. For the week ending April 16, the average rate was 3.2%.

As rates rise, mortgage applications dip

Housing Wire

Mortgage applications dropped again , falling 0.9% from the previous week, according to the latest report from the Mortgage Bankers Association for the week ending April 30, 2021. The refinance share of activity increased to 61% of total mortgage applications from 60.6%

Mortgage rates continue their fall, to 2.93%

Housing Wire

The average 30-year fixed-rate mortgage fell three basis points from the week prior to 2.93%, according to data released Thursday by Freddie Mac ‘s PMMS. Where borrowers may lose out in an inflated price on their future home, they may save on continued low mortgage rates.