Mortgage rates climb back up, to 3.10%

Housing Wire

Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. 12, according to the Mortgage Bankers Association (MBA).

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%

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Mortgage rates decline to 3.09%

Housing Wire

The average 30-year-fixed rate mortgage dropped to 3.09 % during the week ending Nov. 4, down from 3.14% the week prior , according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.78 %.

Mortgage rates climb to 3.09%

Housing Wire

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 rates drop below 3% yet again

Housing Wire

Mortgage rates fell below 3% in the week ending November 10, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage declined to 2.98% last week, falling 11 basis points from 3.09% the week prior. Treasury bonds and mortgage-backed securities.

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%

Mortgage activity falters as rates rise

Housing Wire

Mortgage application activity dropped 6.3% 15, according to the latest Mortgage Bankers Association survey. And, as you might have guessed, mortgage rates had a lot to do with it. Purchase mortgage applications for new homes were down 16.2%

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%

Mortgage rates remain stuck at 3.10%

Housing Wire

Mortgage rates remained at 3.10% in the week ending Nov. 24, according to the latest Freddie Mac PMMS mortgage report. For most of 2021, mortgage rates have stayed within half a percentage point, which is a smaller range than in past years.”.

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.

Mortgage rate increases push refinance share lower

Housing Wire

Mortgage applications increased 0.3% from last week, per the latest report from the Mortgage Bankers Association for the week ending Oct. With two consecutive weeks of mortgage rates over 3%, refinances continued to retreat.

Mortgage apps rise despite higher interest rates

Housing Wire

Mortgage applications increased 1.8% 19, despite higher rates, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Regarding refi activity, Kan added that “borrowers continue to lock in mortgages in anticipation of higher rates in the future.” .

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.

When will mortgage rates get over 4%?

Housing Wire

In several previous articles I have opined that an increase in mortgage rates may be our only hope for slowing the escalation of home prices that we’ve been experiencing for the past year. The post When will mortgage rates get over 4%?

Mortgage rates finally eclipse the 3% mark

Housing Wire

The average 30-year-fixed mortgage rate rose 13 basis points to 3.01% for the week ending Sept. Mortgage rates had been roughly flat for seven weeks, and this is the first time it rose above 3% since June. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

Mortgage delinquency rate continues to shrink

Housing Wire

Mortgage delinquency rates hit the lowest level since the beginning of the pandemic in August, according to the most recent CoreLogic Loan Performance Report. In August, 4% of mortgages were delinquent by at least 30 days, including foreclosure, a drop from the 6.6%

Mortgage rates back down below 3%

Housing Wire

The average 30-year-fixed mortgage rate slipped back down to 2.99% for the week ending Oct. Mortgage rates typically move in tandem with the ten-year U.S. The previous week, the average 30-year-fixed mortgage rate rose 13 basis points to 3.01%.

Mortgage rates still flat at 2.86%

Housing Wire

The average 30-year-fixed mortgage continued to hover around the 2.86% mark for the week ending Sept. Mortgage rates have been around that mark for roughly two months, leading economists at Freddie Mac to liken it to “Groundhog Day.”

Homebuyers brush off higher mortgage rates

Housing Wire

Mortgage application activity was largely flat for the week ending Oct. 8, despite mortgage rates reaching their highest level since June. Overall, the share of refi mortgage applications decreased to 63.9%

October saw mortgage apps rise for new homes by 6%

Housing Wire

Mortgage applications for new home purchases dipped by 15.2% year-to-year in October, according to a monthly builder survey published by the Mortgage Bankers Association this week. In September , the average mortgage loan size of new homes clocked in at $408,522, the survey found.

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.

Rocket Mortgage aims to expedite mortgage services to local banks and credit unions

Housing Wire

Mortgage lending titan Rocket Mortgage is bringing its tech straight to financial institutions. Rocket is now the first mortgage lender to provide an end-to-end “mortgage-as-a-service” solution through Salesforce’s financial cloud.

Banks 328

Refinance applications fall as mortgage rates rise

Housing Wire

Mortgage applications decreased 3.9% 13 compared to the week prior and fewer borrowers opted to refinance, according to the latest report from the Mortgage Bankers Association. That deterred some borrowers from refinancing and contributed to an overall slowdown in mortgage applications.

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%

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. of total mortgage applications from 61.4%

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%

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. Meanwhile, the refinance share of mortgage activity is starting to take up a smaller slice of the pie chart, decreasing to 64.9%

Rocket Mortgage reports strong 3Q

Housing Wire

Rocket Companies , the parent of Rocket Mortgage, generated a whopping $1.4 According to the company’s earnings released on Thursday, Rocket originated $88 billion in mortgages, with a net-rate lock close to $87 billion in the third quarter.

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 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 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 rates manage another dip to 2.94%

Housing Wire

The average 30-year fixed rate mortgage managed another dip last week, falling two basis points to 2.94%, according to Freddie Mac ‘s PMMS. Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under 3% for the past month.

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%

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.

Mortgage rates rise, but remain under 3%

Housing Wire

For the second consecutive week, mortgage rates managed to hold steady below 3%, rising one basis point last week to 2.98%, according to Freddie Mac’s Primary Mortgage Market Survey. trillion in mortgage originations, the MBA forecasts volume to fall 14% this year to $3.28

Mortgage rates hit highest level since April

Housing Wire

The average 30-year-fixed mortgage rose seven basis points to 3.05% for the week ending Oct. 14, to its highest level since April, according to Freddie Mac’s latest PMMS survey of mortgage rates. Mortgage rates typically move in tandem with the 10-year U.S.

Mortgage lenders are loosening standards on jumbos

Housing Wire

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. The post Mortgage lenders are loosening standards on jumbos appeared first on HousingWire.