Housing Wire

JANUARY 8, 2025

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%. HousingWire Lead Analyst Logan Mohtashami anticipates a jumpstart in spring housing demand, attributed to a rise in pending sales data. ”

Mortgages 417

Mortgages Fixed-rate mortgage Loans Sales 417

Housing Wire

JULY 31, 2024

After plummeting to an all-time low in May , pending home sales bounced back a bit in June, with the Pending Home Sales Index rising 4.8%, according to data released Wednesday by the National Association of Realtors (NAR). Month over month, however, pending sales rose in all four regions. The index rose from a reading of 70.8

Sales 441

Sales Fixed-rate mortgage MLS Industrial 441

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

Mortgages 369

Mortgages VA loan FHA loan Fixed-rate mortgage 369

Housing Wire

JULY 14, 2021

. “We continue to see ebbs and flows as housing demand remains strong, but for-sale inventory remains low,” he said. ” 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.

Fixed-rate mortgage 515

Fixed-rate mortgage Mortgages Loans Investor 515

Housing Wire

MAY 26, 2021

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. The post Mortgage applications decrease 4% appeared first on HousingWire.

Fixed-rate mortgage 507

Fixed-rate mortgage Mortgages Loans Industrial 507

Housing Wire

SEPTEMBER 21, 2023

In August, existing-home sales fell 0.7% from July to a seasonally adjusted annual rate of 4.04 Existing-home sales were down 15.3% Despite a sharp drop in home sales compared to August 2022, the median existing-home sales price rose 3.9% Regionally, the Midwest registered the most home sales. All four U.S.

Sales 441

Sales Fixed-rate mortgage MLS Mortgages 441

Housing Wire

DECEMBER 20, 2023

Sales of existing-homes inched up in November, breaking a streak of five consecutive monthly declines. While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. Existing-home sales grew 0.8% in November from the prior month , reaching a seasonally adjusted annual rate of 3.82

Sales 431

Sales Fixed-rate mortgage MLS Mortgages 431

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). month-over-month increase in December , the Pending Home Sales Index rose 8.1% After posting a 2.5% compared to a year ago.

Sales 431

Sales Fixed-rate mortgage MLS Land 431

Housing Wire

FEBRUARY 26, 2025

Increasing for-sale inventory in some markets has provided prospective buyers more options as we approach the spring homebuying season. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 7.00% from 7.03%.

Fixed-rate mortgage 205

Fixed-rate mortgage Mortgages Loans Marketing 205

Housing Wire

JUNE 23, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. The post Mortgage applications rise again, despite rates jump appeared first on HousingWire.

Fixed-rate mortgage 414

Fixed-rate mortgage Mortgages Loans Construction 414

Housing Wire

OCTOBER 20, 2023

To conduct this analysis, Redfin compared median monthly mortgage payments for homebuyers in August 2023 and August 2022. On Thursday, 30-year fixed-rate mortgage rates crossed the 8% threshold , according to Mortgage News Daily. In March 2022, the 30-year fixed-rate mortgage averaged 3.56%.

Fixed-rate mortgage 500

Fixed-rate mortgage Marketing Mortgages Sales 500

Housing Wire

OCTOBER 20, 2022

Higher mortgage rates continued to impact home sales over the last month, with existing home sales declining in September for the eighth consecutive month, according to a report from the National Association of Realtors (NAR). . According to the NAR, home sales declined by 23.8% million from 6.18

Sales 397

Sales Fixed-rate mortgage Mortgages Closing 397

Housing Wire

NOVEMBER 25, 2020

“The ongoing refinance wave has continued into November, and both the refinance index and the share of refinance applications were at their highest levels since April, as another week of lower rates drew more conventional loan borrowers into the market,” Kan said.

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages Loans Industrial 450

Housing Wire

AUGUST 19, 2021

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines.

Fixed-rate mortgage 508

Fixed-rate mortgage Mortgages Banks Finance 508

Housing Wire

NOVEMBER 21, 2022

Fannie Mae ‘s Economic and Strategic Research (ESR) Group forecasts single-family home sales to post 5.67 The latest forecast also projects that total mortgage origination activity is slightly increased at $2.34 The full effects of rate increases on home sales have yet to be felt, Fannie Mae’s November commentary said.

Sales 384

Sales Fixed-rate mortgage Mortgages As-is 384

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 530

Fixed-rate mortgage Mortgages New Construction Construction 530

Housing Wire

OCTOBER 27, 2021

Both new and existing-home sales last month were at their strongest sales pace since early 2021, but first-time home buyers are accounting for a declining share of activity.”. The annual rate of housing price growth is the highest since the index was introduced, in 1987. of total applications. from 10.4%. the week prior.

Fixed-rate mortgage 441

Fixed-rate mortgage Mortgages Loans Sales 441

Housing Wire

AUGUST 26, 2021

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.91%.

Fixed-rate mortgage 473

Fixed-rate mortgage Mortgages Loans Construction 473

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.

Fixed-rate mortgage 473

Fixed-rate mortgage Mortgages Construction Loans 473

Housing Wire

DECEMBER 13, 2022

million existing home sales in 2023, down 6.8% million existing home sales expected to close in 2022. million existing homes sold in 2022 already represent a 16% year-over-year decrease and the lowest number of existing home sales since 2014. The National Association of Realtors predicts there will be 4.78 from the 5.13

Sales 410

Sales Fixed-rate mortgage Mortgages Industrial 410

Housing Wire

AUGUST 18, 2021

This is a continuing sign that sales prices are still elevated, driven by stiff competition leading to accelerating home-price growth.”. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $548,250) increased to 3.19% from 3.15%.

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages Loans Industrial 450

Housing Wire

FEBRUARY 3, 2021

. “The one-week reversal in the recent upswing in rates drove an increase in both conventional and government refinance activity, as borrowers continue to lock in these historically low rates,” Kan said. ” The FHA share of total mortgage applications decreased to 9.1% the week prior. from 12.4% the week prior.

Fixed-rate mortgage 431

Fixed-rate mortgage Mortgages Loans Industrial 431

Housing Wire

OCTOBER 6, 2021

With home-price appreciation and sales prices remaining very elevated, applications for higher balance, conventional loans still dominate the mix of activity,” he added. The refi share of mortgage activity decreased to 64.5% of total mortgage applications from 66.4% Meanwhile, government purchase applications increased 1.4%.

Fixed-rate mortgage 441

Fixed-rate mortgage Mortgages Loans Industrial 441

Housing Wire

OCTOBER 21, 2021

The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. Mortgage application activity dropped 6.3%

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages Banks Development 450

Housing Wire

JANUARY 21, 2022

Sam Khater, chief economist at Freddie Mac, said in a statement that the “combination of a large number of entry-level homebuyers facing a shortage of entry-level inventory of homes for sale should keep the housing market competitive.”. The report also added that home sales are projected to hit 6.9 in 2021 to 6.2% million in 2023.

Fixed-rate mortgage 458

Fixed-rate mortgage Mortgages Lending Sales 458

Housing Wire

SEPTEMBER 20, 2023

At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgage at 7.19% on Sunday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.30% on Tuesday. The Federal Housing Administration loans’ share remained unchanged at 14.2%.

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages FHA loan Loans 450

Housing Wire

MARCH 24, 2023

These rates remain slightly elevated compared to pre-pandemic levels due to forbearance programs that were offered to borrowers during the pandemic, the FHFA said. Q4 also saw an increase in foreclosure starts during Q4, which rose 8% to 18,693, though third-party and foreclosure sales dropped commensurately by 8% to 3,297 in the same period.

Fixed-rate mortgage 431

Fixed-rate mortgage VA loan FHA loan Loans 431

Housing Wire

JULY 23, 2024

Home price growth in the second quarter was stronger than previously anticipated, but economists at Fannie Mae believe it will likely moderate soon, closing 2024 and 2025 at annualized rates of 6.1% Even with more listings of homes available for sale compared to a year ago, existing-home sales fell in June. and 3%, respectively.

Fixed-rate mortgage 441

Fixed-rate mortgage New Construction Sales Construction 441

Housing Wire

SEPTEMBER 27, 2023

Based on the FOMC’s most recent projections, rates are expected to be higher for longer, which has driven Treasury yields to new heights. It is still facing limited for-sale inventory and struggling with affordability issues. The 30-year fixed mortgage rate increased to 7.41% last week, according to Kan.

Mortgages 439

Mortgages Fixed-rate mortgage Loans Marketing 439

Housing Wire

JUNE 1, 2022

The results are consistent with the MBA’s May forecast , which shows a significant drop in mortgage originations and home sales in 2022 than a year ago. million home sales this year, compared to 6.13 Total originations are expected to tumble more than 35% to $2.5 trillion this year, from last year’s volume of $4 trillion.

Fixed-rate mortgage 432

Fixed-rate mortgage Mortgages VA loan Loans 432

Housing Wire

JANUARY 19, 2024

The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi volumes and help thaw the existing home sales market. Following years of volatility in mortgage rates, the housing market will begin its gradual return to a more normal balance in 2024.

Mortgages 541

Mortgages Fixed-rate mortgage Sales Equity 541

Housing Wire

JULY 1, 2021

The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data released Thursday by Freddie Mac ‘s PMMS. Within the past almost three months, mortgage rates have only peaked above 3% one time.

Mortgages 500

Mortgages Fixed-rate mortgage Investor Sales 500

Housing Wire

AUGUST 11, 2021

With low for-sale inventory keeping home-price appreciation in many markets at record highs, the jump in FHA purchase applications is potentially a sign that more first-time buyers are finding purchase options despite the high prices,” Kan said. The average contract interest rate for 15-year fixed-rate mortgages increased to 2.35% from 2.33%.

Fixed-rate mortgage 397

Fixed-rate mortgage Mortgages Loans Industrial 397

Housing Wire

APRIL 10, 2025

With current rates hovering near 7%, selling a home today often means trading a historically low payment for one nearly double the size. Existing home sales have hit multi-decade lows. The 30-year fixed-rate mortgage is a cornerstone of American housing finance, but it wasnt built for flexibility. moved forward?

Design 224

Design Marketing Fixed-rate mortgage Finance 224

Housing Wire

FEBRUARY 23, 2024

HousingWire’s Mortgage Rates Center showed the 30-year fixed-rate mortgage at 7.21% on Feb. And according to Freddie Mac ‘s Primary Mortgage Market Survey, the average rate inched closer to 7% this week. Single-family permits in contrast edged up 1.6

Marketing 466

Marketing Fixed-rate mortgage Sales Mortgages 466

Housing Wire

MAY 18, 2022

The results are consistent with MBA’s May forecast released on Monday, which shows far fewer home sales and mortgage originations in 2022 than a year ago. Meanwhile, the MBA expects 5.934 million home sales in 2022, compared to 6.127 million in 2021. Total originations are expected to be at $2.5 trillion last year.

Fixed-rate mortgage 397

Fixed-rate mortgage Mortgages Loans Residential 397

Housing Wire

OCTOBER 15, 2021

Economists at Fannie Mae expect an increase mortgage rates and home prices in 2022 due to higher inflation , a tightening of monetary policy, and low home inventory. Fannie Mae in its October economic forecast said it expects the 30-year fixed rate mortgage to average 3.3% million sales in 2021.

Mortgages 496

Mortgages Fixed-rate mortgage Construction Banks 496