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.

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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 rebound as mortgage rates drop

Housing Wire

After two weeks of decreases, the Mortgage Bankers Association reported that mortgage applications increased 1.1% 11 amid mortgage rates that hit a new survey low. The refinance share of mortgage activity increased to 72.7%

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.

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 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%

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 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.

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.

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.

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 for second straight week

Housing Wire

Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. 18, according to the latest report from the Mortgage Bankers Association. Mortgage applications jumped 0.8%

Year-over-Year Gains for Home Purchases Continue

Eye on Housing

The Mortgage Bankers Association’s (MBA) latest Weekly Application Survey shows that, for the week ending December 11, 2020, mortgage application activity decreased by 1.1% Economics 30-year fixed-rate mortgage home mortgage mortgage bankers association refinancing Treasury yield

Mortgage applications drop over holidays

Housing Wire

Mortgage applications dropped 4.2% from two weeks prior , according to the latest report by the Mortgage Bankers Association. But mortgage applications dropped during the week ending Jan. The FHA share of total mortgage applications remained unchanged from 10.1%

Refinancing Soars in First Full Week of New Year

Eye on Housing

The Mortgage Bankers Association’s (MBA) latest Weekly Application Survey shows that, for the week ending January 8, 2021, mortgage application activity increased by 16.7%

Refinance wave boosts mortgage applications 3.8%

Housing Wire

With mortgage rates continuing to hover near record lows, mortgage applications jumped 3.8% last week according to a report from the Mortgage Bankers Association (MBA). The drop in rates spurred an uptick in demand for refinances,” Kan said.

Mortgage applications rise 4.6%

Housing Wire

the week prior , mortgage applications almost completely rebounded last week, gaining 4.6%, according to a report from the Mortgage Bankers Association. Refinances continued to hover around two-thirds the share of mortgage activity as they increased to 65.4% After faltering 4.8%

Amid Record Low Rates, Refinancing Flourishes

Eye on Housing

Over the last two weeks, the Mortgage Bankers Association’s tracked 30-year fixed-rate mortgage average rate fell by 14 basis points to 3.06%, a new record low in the series.

Treasury-Mortgage Spread Significantly Narrows in November

Eye on Housing

In November, the yield on the 10-year Treasury trended upwards while the 30-year fixed-rate mortgage rate, as measured by Freddie Mac’s Primary Mortgage Market Survey (PMMS), continued to fall.

Mortgage applications decline 4.8%

Housing Wire

Mortgage applications fell 4.8% last week, according to a report from the Mortgage Bankers Association. The refinance share of mortgage activity also faltered slightly, dropping to 63.3% The adjustable-rate mortgage (ARM) share of activity remained unchanged at 2.2%

Treasury and Mortgage Rate Spread Widens in July

Eye on Housing

Despite the downward trend of Treasuries, which are a proxy measure of the risk-free rate that the government offers on debt, mortgage rates through July did not decrease proportionately. The spread between the 10-year Treasury and the 30-year fixed-rate mortgage rate.

Year-over-Year Gains for Mortgages Continue

Eye on Housing

The Mortgage Bankers Association’s (MBA) latest Weekly Application Survey shows that, for the week ending November 6, 2020, mortgage application activity decreased by 0.5% Read More › The post Year-over-Year Gains for Mortgages Continue first appeared on Eye On Housing.

Treasury-Mortgage Spread Significantly Narrows in October

Eye on Housing

Read More › The post Treasury-Mortgage Spread Significantly Narrows in October first appeared on Eye On Housing. Economics 30-year fixed-rate mortgage coronavirus COVID-19 freddie mac labor market Treasury yield

Six Months of Year-over-Year Gains for Purchase Mortgages

Eye on Housing

The Mortgage Bankers Association’s latest Weekly Application Survey shows that, for the week ending October 30, 2020, mortgage application activity increased by 3.8% Read More › The post Six Months of Year-over-Year Gains for Purchase Mortgages first appeared on Eye On Housing.

Mortgage-Treasury Spread Trended Lower in September

Eye on Housing

In September 2020 and thru the first week of the 2020’s fourth quarter, the 10-year Treasury Constant Maturity rate trended slightly higher, while the 30-year fixed mortgage rate, as determined by Freddie Mac’s Primary Market Mortgage Survey (PMMS), trended lower.

Mortgage applications drop for second straight week

Housing Wire

The Mortgage Bankers Association reported that applications decreased 1.2% The refinance share of mortgage activity decreased to 72% of total applications, up from 69.5% The post Mortgage applications drop for second straight week appeared first on HousingWire.

Refis lead the way as mortgage applications rise 1.7%

Housing Wire

After two weeks of slight declines , mortgage applications regained their footing last week, rising 1.7% from the week prior, according to a report from the Mortgage Bankers Association. With the 30-year fixed rate at MBA’s all-time survey low of 3%, conventional refinances rose 5%.

Home Purchasing Reaches Highest Level in Over a Decade

Eye on Housing

For the week ending September 18, 2020, the Mortgage Bankers Association’s latest Weekly Application Survey showed a jump in application activity, both in purchasing and refinancing, as its Market Composite Index increased 6.8%

Mortgage applications fall 3.3% as interest rates rise

Housing Wire

Mortgage applications fell 3.3% last week after interest rates rose to their highest level in two weeks , according to a report from the Mortgage Bankers Association. The refinance share of mortgage activity also fell to 64.6% The post Mortgage applications fall 3.3%

Should you refinance to a 15-year mortgage in 2021?

Housing Wire

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. Why head into retirement with a mortgage?

Purchase market remains resilient as mortgage applications gain 2.9%

Housing Wire

After three weeks of declines, mortgage applications rose 2.9% last week, according to a report from the Mortgage Bankers Association. However, Kan said this increase is skewed higher by being compared to Labor Day 2019, when the 30-year fixed-rate mortgage climbed to 4.01%.

Housing market stays hot into fall with mortgage applications up 6.8%

Housing Wire

Despite mortgage rates rising slightly from a previously all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association. The adjustable-rate mortgage (ARM) share of activity fell slightly to 2.2%