Housing Wire

MAY 15, 2024

The National Association of Realtors , via its Seasonally Adjusted Annual Rate of Existing Home Sales series, reported that the peak home sales volume of 6.6 million in January 2021 (when mortgage rates were 2.7%) fell to 3.9 million by October of 2023 (when rates crossed over 8%).

Mortgages 359

Mortgages Fixed-rate mortgage Sales Title 359

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 413

Fixed-rate mortgage Mortgages FHA loan Loans 413

Housing Wire

MAY 12, 2021

Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales. Officials are predicting sale numbers to easily eclipse $1 trillion by years end. trillion in home sales, followed by the West with $696.3 trillion. .

Sales 411

Sales Fixed-rate mortgage Mortgages Staging 411

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 392

Mortgages Fixed-rate mortgage Loans Marketing 392

Housing Wire

AUGUST 10, 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 6.96% as of August 10, up from last week ’s 6.90%. By contrast, the 30-year fixed-rate mortgage was at 5.22% a year ago at this time.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

FEBRUARY 29, 2024

Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 450

Mortgages Fixed-rate mortgage New Construction Construction 450

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November.

Fixed-rate mortgage 428

Fixed-rate mortgage Sales MLS Mortgages 428

Housing Wire

JANUARY 5, 2024

Lower interest rates make mortgages more accessible, paving the way for more buyers into the market and potentially resulting in increased demand and higher prices. Rising interest rates, however, mean higher mortgage payments, and can dampen buyer enthusiasm or affordability , slow down sales or lead to dropping home prices.

Fixed-rate mortgage 430

Fixed-rate mortgage Agents Marketing Lending 430

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 433

Mortgages Fixed-rate mortgage MLS Staging 433

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 342

Fixed-rate mortgage Mortgages Loans Construction 342

Housing Wire

OCTOBER 26, 2023

Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. The average 30-year, fixed-rate mortgage rose to 7.79% as of Oct. in 2023, reaching an annualized rate of 4.15 million units sold.

Mortgages 428

Mortgages Fixed-rate mortgage Loans Investor 428

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 424

Fixed-rate mortgage Mortgages Loans Sales 424

Housing Wire

JULY 27, 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 6.81% as of July 27, up from last week ’s 6.78%. By contrast, the 30-year fixed-rate mortgage was at 5.30% a year ago at this time.

Fixed-rate mortgage 334

Fixed-rate mortgage Mortgages Loans New Construction 334

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 430

Fixed-rate mortgage Mortgages Loans Industrial 430

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 441

Fixed-rate mortgage Mortgages Loans Industrial 441

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 441

Fixed-rate mortgage Mortgages Loans Industrial 441

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.

Mortgages 412

Mortgages Fixed-rate mortgage Marketing Loans 412

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.

Mortgages 502

Mortgages Fixed-rate mortgage Banks Finance 502

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 421

Fixed-rate mortgage Mortgages VA loan Loans 421

Housing Wire

AUGUST 3, 2023

According to HousingWire’s analyst Logan Mohtashami , the stronger labor data had a bigger impact on mortgage rates and the bond market than the sale of long-term securities or the default rating. By contrast, the 30-year fixed-rate mortgage was at 4.99% a year ago at this time.

Fixed-rate mortgage 339

Fixed-rate mortgage Mortgages Loans Sales 339

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 404

Fixed-rate mortgage Mortgages Loans Industrial 404

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 393

Fixed-rate mortgage Mortgages Loans Residential 393

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 440

Fixed-rate mortgage Mortgages Banks Development 440

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 393

Fixed-rate mortgage Mortgages Loans Industrial 393

Housing Wire

AUGUST 25, 2022

Volatile mortgage rates jumped back to the mid-5% level this week, slowing down the housing market, according to the latest survey from Freddie Mac. The 30-year fixed-rate mortgage increased 42 basis points this week to an average of 5.55%, up from last week’s 5.13%. A year ago this time, rates averaged 2.87%.

Mortgages 369

Mortgages Fixed-rate mortgage Loans Sales 369

Housing Wire

SEPTEMBER 7, 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 7.12% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 5.89% a year ago at this time. 7, down from last week ’s 7.18%.

Mortgages 422

Mortgages Fixed-rate mortgage Marketing MLS 422

Housing Wire

DECEMBER 20, 2022

The latest MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.34% last week, down from the previous week’s 6.42%. The average 30-year fixed rate mortgage, according to Mortgage News Daily , was 6.38% on Tuesday.

Mortgages 404

Mortgages Fixed-rate mortgage Loans New Construction 404

Housing Wire

AUGUST 9, 2023

The purchase index fell for the fourth consecutive week, as homebuyers continue to struggle with low for-sale inventory and elevated mortgage rates, added Kan. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.04% on Tuesday. It remains 27% behind last year’s levels.

Mortgages 338

Mortgages Fixed-rate mortgage Loans Sales 338

Housing Wire

JUNE 8, 2022

“The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months. In May, the inventory of homes for sale rose 8%, marking the first rebound since June 2019. The adjustable-rate mortgage (ARM) share of activity decreased to 8.2% year over year. .

Fixed-rate mortgage 393

Fixed-rate mortgage Mortgages VA loan Loans 393

Housing Wire

MARCH 30, 2023

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. “Spring sellers should start getting their home ready for sale, keeping in mind that it took longer than expected to prep.” ” Surging rates ahead?

Marketing 516

Marketing Fixed-rate mortgage Banks Mortgages 516

Housing Wire

NOVEMBER 3, 2021

The Mortgage Bankers Association said that the asset-purchase tapering would not impact the trade group’s latest forecast for mortgage rates and mortgage originations. It expects the rate for 30-year fixed-rate mortgages to increase from 3.2% today to about 4% by the end of 2022.

Fixed-rate mortgage 441

Fixed-rate mortgage Banks Mortgages Finance 441

Housing Wire

AUGUST 25, 2021

But the average loan size on purchase mortgage applications fell, he said, “ which is potentially a sign that more first-time buyers looking for lower-priced homes are being helped by the recent uptick in for-sale inventory for both newly built homes and existing homes.”. of total applications. the week prior.

Fixed-rate mortgage 393

Fixed-rate mortgage Mortgages Loans Investor 393

Housing Wire

SEPTEMBER 1, 2022

Expectations of a continuing aggressive monetary policy led mortgage rates to increase 11 basis points this week, according to the latest survey from Freddie Mac. The 30-year fixed-rate mortgage rose to an average of 5.66%, up from last week’s 5.55%. A year ago this time, rates averaged 2.87%.

Mortgages 369

Mortgages Fixed-rate mortgage Loans Marketing 369

Housing Wire

DECEMBER 2, 2020

Housing demand remains strong, and despite extremely tight inventory and rising prices, home sales are running at their strongest pace in over a decade.”. The post Holiday week sees drop in mortgage applications appeared first on HousingWire.

Fixed-rate mortgage 293

Fixed-rate mortgage Mortgages Loans Industrial 293

Housing Wire

SEPTEMBER 23, 2021

HousingWire spoke to Sage Nichols about some of the current trends and technology in mortgage underwriting and how CoreLogic’s Complete Collateral is helping underwriters work more efficiently. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%. Presented by: CoreLogic.

Mortgages 441

Mortgages Fixed-rate mortgage Construction Banks 441

Housing Wire

SEPTEMBER 1, 2021

Unlike prior weeks , there was little movement of mortgage rates or Treasury spreads. The 30-year-fixed-rate mortgage stayed at 3.03%. Despite low rates, refinance applications declined, with some borrowers still waiting for rates to drop even lower. from 67.3% the week prior. of total applications.

Fixed-rate mortgage 345

Fixed-rate mortgage Mortgages Loans Industrial 345

Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. It was the expectation that the U.S.

Mortgages 457

Mortgages Fixed-rate mortgage Investor Loans 457