The purchase mortgage market continues to pick up steam

Housing Wire

Mortgage loan application volume rebounded from the week prior, increasing by 0.3% 10, according to the Mortgage Bankers Association’s weekly report. The very competitive purchase market continues to put upward pressure on sales prices,” Kan added.

Mortgage applications fall amid market jitters

Housing Wire

Mortgage applications decreased 4% for the week ending July 16, just one week after applications jumped 16% on the strength of falling mortgage rates. This, in turn, led to mixed changes in mortgage rates. The FHA share of total mortgage applications increased to 9.6%

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The mortgage market moves to purchase

Housing Wire

For the first time since December 2019, purchase mortgages represented a higher percentage of closed mortgages than refinances. Closing rates on purchase mortgages dropped to 76.3% The post The mortgage market moves to purchase appeared first on HousingWire.

We need higher mortgage rates to cool the housing market

Housing Wire

history, with the lowest mortgage rates recorded in history. So far this year, the weekly Mortgage Bankers Association purchase application data compared to last year looks like this: +3%; +10%; +15%; +16%; +16%; +17%.

Mortgage applications jump 16%

Housing Wire

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. The refinance share of activity of total mortgage applications increased to 64.1%

Deephaven Mortgage re-enters non-QM market

Housing Wire

Like many players in the non-Qualified Mortgage space, Deephaven Mortgage was forced to halt operations in 2020 when liquidity dried up. million security backed by non-QM mortgages that have seasoned for an average of nine months, a presale report from S&P Global Ratings showed.

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.

Mortgage delinquencies shrink in Q2

Housing Wire

Delinquency rates for mortgage loans on one-to-four-unit residential properties shrank across the board to 5.47% in the second quarter, according to a Mortgage Bankers Association survey published this week. The post Mortgage delinquencies shrink in Q2 appeared first on HousingWire.

Will higher mortgage rates cool the housing market?

Housing Wire

Higher treasury yields have pushed mortgage rates higher, but will higher rates cool the housing market? The post Will higher mortgage rates cool the housing market? Economics Mortgage Mortgage Rates HWplusCan you smell it in the air? America is back!

Rocket Mortgage: UWM is trying to “manipulate” market

Housing Wire

Tension between long-time rivals United Wholesale Mortgage and Rocket Pro TPO , formerly Quicken Loans Mortgage Services , reached a new boiling point after the top wholesale lender in the nation announced it will no longer work with brokers who also work with Rocket Mortgage.

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. “This is perhaps a sign that more first-time buyers are entering the market,” Kan said.

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%.

Mortgage rates hold steady at 2.87%

Housing Wire

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%. Treasury bonds and mortgage backed securities.

Mortgage rates jump to 2.81%

Housing Wire

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey.

Wells Fargo continues to cede mortgage market share

Housing Wire

Wells Fargo , the second-biggest mortgage lender in the nation, continued to cede market share to nonbank rivals in the fourth quarter of 2020. billion in mortgages. Wells Fargo also said that over 10,000 first-lien mortgages it services have deferred payments.

Mortgage rates stuck in a rut at 2.87%

Housing Wire

The average 30-year fixed-rate mortgage was flat at 2.87% for the week ending in Sept. 2, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates also held steady at 2.87%. Mortgage applications fell 2.4%

Mortgage rates dip back down to 2.98%

Housing Wire

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.

Mortgage rates hold steady at 3.18%

Housing Wire

mortgage rate remained essentially unchanged last week, rising by just one basis point to 3.18%, according to Freddie Mac’s Primary Mortgage Market Survey. The housing market is in desperate need of more inventory to cool price growth and preserve affordability.

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%

Finicity expands mortgage verification with ICE integration

Housing Wire

Finicity , an open-banking solutions provider that was acquired by Mastercard in 2020, announced a partnership with its one-touch Mortgage Verification Service and ICE Mortgage Technology on Thursday. With the integration, the one-touch Mortgage Verification Service.

Mortgage rates jump back up to 3.02%

Housing Wire

The average 30-year fixed-rate mortgage rose nine basis points from the week prior to 3.02%, according to data released Thursday by Freddie Mac ‘s PMMS. This is the first time in 10 weeks mortgage rates have risen above 3%. “As Even with rising rates, mortgage applications gained 2.1%

Mortgage rates hold steady at 2.77%

Housing Wire

The average mortgage rate for a 30-year fixed loan fell two basis points last week to 2.77%, according to Freddie Mac ’s Primary Mortgage Market Survey. The 15-year fixed mortgage rate also shifted downward to 2.21

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. This marks the first time in over two months mortgage rates have fluctuated outside a five basis point range above or below 3%.

Mortgage applications fall for third straight week

Housing Wire

Mortgage applications decreased again , this time falling 1.8% in the week ending July 2, 2021, according to the latest report from the Mortgage Bankers Association. of total mortgage applications from 61.9% The FHA share of total mortgage applications remained increased to 9.8%

Prepare for the rise in mortgage rates

Housing Wire

As the calendar flipped to 2021, it didn’t take long for the rise in mortgage rates. Just two weeks into the new year, Freddie Mac reported that mortgage rates climbed 14 basis points to 2.79% , a dramatic contrast to 2020, a year in which mortgage rates set record lows 16 times.

Mortgage rates creep up slightly to 2.80%

Housing Wire

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.99%.

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. Refinances also nearly reached two thirds share of mortgage activity last week, increasing to 64.3%

Mortgage applications jump as rates plummet

Housing Wire

Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates. “With over 95% of refinance applications for fixed rate mortgages, borrowers are looking to secure a lower rate for the life of their loan,” Kan said Wednesday.

Mortgage rates climb higher to 2.97%

Housing Wire

The average mortgage rate for a 30-year fixed loan is now just 3 basis points away from 3%, after a 16 basis point jump last week pushed mortgage rates to 2.97%, according to Freddie Mac ’s Primary Mortgage Market Survey.

Higher mortgage rates symbolize an economy rejuvenated

Housing Wire

Globally speaking, things look much different roughly a year later – jobs are returning by the millions, a series of viable vaccines are being deployed across America, stimulus checks have hit bank accounts and mortgage rates are ascending rapidly from nearly a year of historic lows.

Mortgage rates slip back down to 2.96%

Housing Wire

Mortgage rates fell again last week, dropping three basis points to an average of 2.96%, according to Thursday data from Freddie Mac ‘s PMMS. Higher mortgage rates historically have signaled a strengthened economy. “When mortgage rates go over 4%, life might not look so cheery.

The adverse market refinance fee on mortgages is unwarranted

Housing Wire

This strong performance was not unexpected, but makes the upcoming 50 basis point adverse market refinance fee more puzzling. First, Federal Reserve actions loading taxpayers with debt that now exceeds total GDP, which drove mortgage rates to historic lows. Mortgage Opinion

Mortgage rates decline this week

Housing Wire

mortgage rate for a 30-year fixed loan is 2.88% this week, falling from last week’s 2.9% , Freddie Mac said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.36%, falling from last week’s 2.4% The average U.S.

Mortgage rates stuck at 2.88% amid rise in COVID cases

Housing Wire

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%.

The curious case of the enduring sub-3% mortgage rate

Housing Wire

Historically low mortgage rates had their moment in the sun in 2020. But data released on Thursday from Freddie Mac showed that mortgage rates idled below 3% again for an entire month, even with solid first-quarter GDP figures and encouraging consumer spending numbers.