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homeowners with mortgages in forbearance this week, down 22% from May’s peak of 4.7 Measured as a share of all mortgages, 7% of home loans are in forbearance, down from 7.1% The forbearance share for mortgages held in bank portfolios or in private-label bonds is 7.4%, down from 7.5%. MORE
The number of seriously delinquent mortgages, meaning payments overdue by 90 days or more, soared to a 10-year high during July in a tally that counts forbearances. Measured as a number, rather than a share, the number of late mortgages dropped by 340,000 from June, the report said. MORE
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% MORE
United Wholesale Mortgage announced Tuesday it is rolling out a loan program that offers borrowers mortgage rates as low as 1.99% for both purchases and refinances. The rate is only available through independent mortgage brokers, the company said in a statement. MORE
mortgage rates for a 30-year fixed loan fell to 2.91% this week, the second-lowest level on record, Freddie Mac said in a report on Thursday. The rate declined from 2.99% last week , the mortgage financier said. annual rate for a 30-year fixed mortgage probably will fall to 2.7% MORE
Mortgage applications fell 2% last week, according to a report from the Mortgage Bankers Association, marking the third week of declines. Mortgage rates have remained below 3.5% The adjustable-rate mortgage (ARM) share of activity remained unchanged at 2.6% MORE
Last week, we published a story about United Wholesale Mortgage (UWM) offering 15-year fixed mortgage rates as low as 1.875% for purchases and refinances. For example, about two weeks ago, Quicken Loans advertised a “limited-time” rate of 1.99% on 15-year mortgages. MORE
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. The average contract interest rate for 15-year fixed-rate mortgages fell to 2.6% MORE
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. The average U.S. MORE
mortgage rates for a 30-year fixed rose to 2.96% this week from an all-time low of 2.88% , Freddie Mac said in a report on Thursday. The average 15-year rate rose to 2.46% from 2.44% last week, according to the mortgage financier. Average U.S. MORE
With the world in need of more hope right now, Academy Mortgage is taking action to make a difference. The post Academy Mortgage Inspires Hope appeared first on HousingWire. Sponsored Content Academy Mortgage help inspire hope housing gives back Housing Industry Gives Back Magazine MORE
mortgage rate for a 30-year fixed loan is 2.87% this week, dropping one basis point from last week’s 2.88% , Freddie Mac said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.37%, rising one basis point from last week’s 2.36%, the mortgage securitizer said. MORE
For the second week in a row, mortgage applications faltered slightly, falling 0.6% from the week prior, according to a report from the Mortgage Bankers Association. The average contract interest rate for 15-year fixed-rate mortgages increased to 2.61 MORE
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% MORE
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% MORE
mortgage rate for a 30-year fixed loan fell to 2.81% this week, the lowest in Freddie Mac’s survey history, the mortgage giant said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.35%, falling from last week’s 2.37% — matching the record set three weeks ago. MORE
mortgage rate for a 30-year fixed loan is 2.9% The average rate for the less-popular 15-year mortgage was 2.4%, rising from last week’s record low of 2.35%, the mortgage giant said. The post Average mortgage rates tick up this week appeared first on HousingWire. MORE
Frankly, what will be left in the refi market will likely be harder credit quality transactions that a hungry mortgage origination industry will turn to as volumes drop. The only question then is how mortgage leaders will implement an execution plan to be ahead of the change that’s coming. MORE
mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. Average U.S. MORE
mortgage rate for a 30-year fixed loan fell to 2.8% The average fixed rate for a 15-year mortgage was 2.33%, falling from last week’s 2.35%. Mortgage rates today are on average more than a full percentage point lower than rates over the last five years.”. The average U.S. MORE
At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. MBA forecasts mortgage originations to total $3.18 MORE
Average mortgage rates for a 30-year fixed mortgage increased slightly to 2.87% this week, the second-lowest on record, rising one basis point from last week’s all-time low of 2.86% , while the less-popular 15-year rate fell to a new low of 2.35%, Freddie Mac said on Thursday. MORE
Forbearance exits measuring how many borrowers cancelled agreements to suspend mortgage payments rose to a one-month high in September’s first week, led by a surge in loan modifications, according to a report from the Mortgage Bankers Association on Monday. MORE
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. MORE
United Wholesale Mortgage , the largest wholesale lending firm in the country, is joining the blank-check company craze and will make its public debut via an acquisition. The company is on track to underwrite nearly $200 billion in mortgages this year, up from about $108 billion in 2019. MORE
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%. MORE
United Wholesale Mortgage announced Tuesday it is offering conventional mortgage rates as low as 1.99%, but brokers warn this rate isn’t for every borrower, or even the majority. That’s because when borrowers go to take out a mortgage, they pay for their rate. MORE
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% MORE
There are about 400,000 mortgage borrowers “needlessly delinquent” as a result of the COVID-19 pandemic who did not use available forbearance options, according to a report from the Urban Institute. The post 400,000 mortgage borrowers are “needlessly delinquent” appeared first on HousingWire. MORE
Mortgage credit in September was the tightest since February 2014 as a weak economy prompted lenders to raise standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 1.9% MORE
Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday. MORE
Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% MORE
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% MORE
Average mortgage rates for 30-year and 15-year mortgages fell to all-time lows this week, Freddie Mac said in a report on Thursday. mortgage rates fall to all-time lows this week appeared first on HousingWire. MORE
Ginnie Mae , the government-owned corporation that securitizes loans backed by the Veterans Administration and the Federal Housing Administration , said it won’t accept adjustable-rate mortgages benchmarked to the London Interbank Offer Rate, or LIBOR, starting in January. MORE
forbearance rate in the last week of August fell to the lowest level since mid-April, according to the Mortgage Bankers Association. The volume of calls from mortgage borrowers to the servicers handling their home loans was flat with the prior week, at 7.2%, the MBA report said. MORE
Mortgages Related Topics Housing Wire
OCTOBER 7, 2020
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%
Housing Wire
OCTOBER 1, 2020
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.
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Housing Wire
SEPTEMBER 30, 2020
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%
Housing Wire
OCTOBER 28, 2020
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. The average contract interest rate for 15-year fixed-rate mortgages fell to 2.6%
Housing Wire
OCTOBER 14, 2020
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%
Housing Wire
OCTOBER 8, 2020
mortgage rate for a 30-year fixed loan is 2.87% this week, dropping one basis point from last week’s 2.88% , Freddie Mac said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.37%, rising one basis point from last week’s 2.36%, the mortgage securitizer said.
Housing Wire
OCTOBER 15, 2020
mortgage rate for a 30-year fixed loan fell to 2.81% this week, the lowest in Freddie Mac’s survey history, the mortgage giant said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.35%, falling from last week’s 2.37% — matching the record set three weeks ago.
Housing Wire
SEPTEMBER 24, 2020
mortgage rate for a 30-year fixed loan is 2.9% The average rate for the less-popular 15-year mortgage was 2.4%, rising from last week’s record low of 2.35%, the mortgage giant said. The post Average mortgage rates tick up this week appeared first on HousingWire.
Housing Wire
OCTOBER 22, 2020
mortgage rate for a 30-year fixed loan fell to 2.8% The average fixed rate for a 15-year mortgage was 2.33%, falling from last week’s 2.35%. Mortgage rates today are on average more than a full percentage point lower than rates over the last five years.”. The average U.S.
Housing Wire
OCTOBER 29, 2020
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. The average U.S.
Housing Wire
OCTOBER 21, 2020
For the second week in a row, mortgage applications faltered slightly, falling 0.6% from the week prior, according to a report from the Mortgage Bankers Association. The average contract interest rate for 15-year fixed-rate mortgages increased to 2.61
Housing Wire
SEPTEMBER 22, 2020
Ginnie Mae , the government-owned corporation that securitizes loans backed by the Veterans Administration and the Federal Housing Administration , said it won’t accept adjustable-rate mortgages benchmarked to the London Interbank Offer Rate, or LIBOR, starting in January.
Housing Wire
OCTOBER 8, 2020
Mortgage credit in September was the tightest since February 2014 as a weak economy prompted lenders to raise standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 1.9%
Housing Wire
SEPTEMBER 11, 2020
homeowners with mortgages in forbearance this week, down 22% from May’s peak of 4.7 Measured as a share of all mortgages, 7% of home loans are in forbearance, down from 7.1% The forbearance share for mortgages held in bank portfolios or in private-label bonds is 7.4%, down from 7.5%.
Housing Wire
AUGUST 21, 2020
The number of seriously delinquent mortgages, meaning payments overdue by 90 days or more, soared to a 10-year high during July in a tally that counts forbearances. Measured as a number, rather than a share, the number of late mortgages dropped by 340,000 from June, the report said.
Housing Wire
OCTOBER 22, 2020
Frankly, what will be left in the refi market will likely be harder credit quality transactions that a hungry mortgage origination industry will turn to as volumes drop. The only question then is how mortgage leaders will implement an execution plan to be ahead of the change that’s coming.
Housing Wire
SEPTEMBER 10, 2020
Average mortgage rates for 30-year and 15-year mortgages fell to all-time lows this week, Freddie Mac said in a report on Thursday. mortgage rates fall to all-time lows this week appeared first on HousingWire.
Housing Wire
SEPTEMBER 17, 2020
Average mortgage rates for a 30-year fixed mortgage increased slightly to 2.87% this week, the second-lowest on record, rising one basis point from last week’s all-time low of 2.86% , while the less-popular 15-year rate fell to a new low of 2.35%, Freddie Mac said on Thursday.
Housing Wire
SEPTEMBER 9, 2020
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 Wire
SEPTEMBER 15, 2020
Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday.
Housing Wire
AUGUST 19, 2020
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%
Housing Wire
AUGUST 11, 2020
United Wholesale Mortgage announced Tuesday it is rolling out a loan program that offers borrowers mortgage rates as low as 1.99% for both purchases and refinances. The rate is only available through independent mortgage brokers, the company said in a statement.
Housing Wire
SEPTEMBER 8, 2020
forbearance rate in the last week of August fell to the lowest level since mid-April, according to the Mortgage Bankers Association. The volume of calls from mortgage borrowers to the servicers handling their home loans was flat with the prior week, at 7.2%, the MBA report said.
Housing Wire
SEPTEMBER 14, 2020
Forbearance exits measuring how many borrowers cancelled agreements to suspend mortgage payments rose to a one-month high in September’s first week, led by a surge in loan modifications, according to a report from the Mortgage Bankers Association on Monday.
Housing Wire
SEPTEMBER 23, 2020
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%
Housing Wire
AUGUST 31, 2020
With the world in need of more hope right now, Academy Mortgage is taking action to make a difference. The post Academy Mortgage Inspires Hope appeared first on HousingWire. Sponsored Content Academy Mortgage help inspire hope housing gives back Housing Industry Gives Back Magazine
Housing Wire
SEPTEMBER 2, 2020
Mortgage applications fell 2% last week, according to a report from the Mortgage Bankers Association, marking the third week of declines. Mortgage rates have remained below 3.5% The adjustable-rate mortgage (ARM) share of activity remained unchanged at 2.6%
Housing Wire
AUGUST 13, 2020
mortgage rates for a 30-year fixed rose to 2.96% this week from an all-time low of 2.88% , Freddie Mac said in a report on Thursday. The average 15-year rate rose to 2.46% from 2.44% last week, according to the mortgage financier. Average U.S.
Housing Wire
OCTOBER 21, 2020
At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. MBA forecasts mortgage originations to total $3.18
Housing Wire
AUGUST 5, 2020
Last week, we published a story about United Wholesale Mortgage (UWM) offering 15-year fixed mortgage rates as low as 1.875% for purchases and refinances. For example, about two weeks ago, Quicken Loans advertised a “limited-time” rate of 1.99% on 15-year mortgages.
Housing Wire
AUGUST 6, 2020
mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. Average U.S.
Housing Wire
SEPTEMBER 11, 2020
Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7%
Housing Wire
AUGUST 27, 2020
mortgage rates for a 30-year fixed loan fell to 2.91% this week, the second-lowest level on record, Freddie Mac said in a report on Thursday. The rate declined from 2.99% last week , the mortgage financier said. annual rate for a 30-year fixed mortgage probably will fall to 2.7%
Housing Wire
SEPTEMBER 23, 2020
United Wholesale Mortgage , the largest wholesale lending firm in the country, is joining the blank-check company craze and will make its public debut via an acquisition. The company is on track to underwrite nearly $200 billion in mortgages this year, up from about $108 billion in 2019.
Housing Wire
AUGUST 11, 2020
United Wholesale Mortgage announced Tuesday it is offering conventional mortgage rates as low as 1.99%, but brokers warn this rate isn’t for every borrower, or even the majority. That’s because when borrowers go to take out a mortgage, they pay for their rate.
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