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 drop slightly to 3.13%

Housing Wire

mortgage rate dropped five basis points last week to 3.13%, according to Freddie Mac’s Primary Mortgage Market Survey. It’s the first decline in mortgage rates in two months. The post Mortgage rates drop slightly to 3.13% appeared first on HousingWire.

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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.

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. On Feb.11 , the mortgage data and analytics provider estimated there were 18.1 The average U.S.

Mortgage rates jump to 3.17% last week

Housing Wire

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. The post Mortgage rates jump to 3.17% last week appeared first on HousingWire.

Looser mortgage credit may give first-time buyers a chance

Housing Wire

Mortgage credit showed signs of loosening up in March, and with it, more availability for lower credit scores and high LTV products to enter the housing market, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index rose.6%

Mortgage applications recover as winter storms pass

Housing Wire

Mortgage applications recovered slightly from last week , increasing 0.5% 26, 2021 according to the latest report from the Mortgage Bankers Association. The refinance share of mortgage activity decreased to 67.5% The FHA share of total mortgage applications increased to 12.1%

Mortgage applications fall for fourth week

Housing Wire

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. The FHA share of total mortgage applications decreased to 11.3% The VA share of total mortgage applications increased to 10.3%

Mortgage credit, and the coming purchase storm

Housing Wire

Mortgage credit is still the tightest it has been in more than six years, but an unwavering February may be the calm before the purchase storm as lenders prepare for a revitalized economy, the Mortgage Bankers Association said in a report on Tuesday.

Mortgage applications dip as home prices climb

Housing Wire

Mortgage applications decreased for the third straight week – this time down 2.5%, according to the latest report from the Mortgage Bankers Association. He added that mortgage rates have moved higher in tandem with Treasury yields.

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.

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%

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

Guild Mortgage continues Midwest expansion

Housing Wire

Guild Mortgage now has offices in the Buckeye State. The publicly traded mortgage lender announced Tuesday that retail branches are now open in Dayton and Columbus, Ohio. French was previously a branch manager at Academy Mortgage Corporation , a direct lender.

Understanding the seasonal patterns of mortgage rates

Housing Wire

Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. What that usually means is that mortgage rates would also drop like crazy. But at first, mortgage rates didn’t drop.

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.

A 3% mortgage rate may be the new norm

Housing Wire

For the third consecutive week, mortgage rates pushed past 3% – with the average mortgage rate for a 30-year fixed loan up four basis points last week to 3.09%, according to Freddie Mac ’s Primary Mortgage Market Survey. what are today's mortgage rates

Mortgage applications dip as rates climb

Housing Wire

The seesaw nature of mortgage applications continued for the week ending Feb. from the prior week, according to the latest data from the Mortgage Bankers Association. The 30-year fixed mortgage rate increased to 2.96% – a high not seen since November 2020, Kan said.

Mortgage forbearance ticks down to 5.14%

Housing Wire

The industry is now less than two weeks away from the one-year anniversary of the CARES Act, which provided borrowers with federally backed mortgages the option to receive forbearance for up to 180 days. After many extensions and exits, the Mortgage Bankers Association estimates 2.6

Mortgage applications on the rise again

Housing Wire

Mortgage applications jumped 8.15% from the week ending Jan. 29, breaking a two-week streak of decreases, according to the latest data from the Mortgage Bankers Association. Historically low mortgage rates became the norm in 2020 due to the COVID-19 pandemic and economic recession.

Mortgage applications decline 4.8%

Housing Wire

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%

For the first time since July, mortgage rates pass 3%

Housing Wire

The average mortgage rate for a 30-year fixed loan rose 5 basis points last week to 3.02%, marking the first time since July that the industry has seen rates break above 3%, according to Freddie Mac ’s Primary Mortgage Market Survey. what are today's mortgage rates

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 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 hold steady at record lows

Housing Wire

Despite slightly higher Treasury yields, mortgage rates held steady at record lows this week, according to a survey by Freddie Mac. Rates remained at last week’s level of 2.71% for the 30-year fixed rate mortgage, according to Freddie Mac’s Primary Mortgage Market Survey.

HUD extends waivers for FHA reverse mortgages

Housing Wire

In a bid to aid borrowers, the Department of Housing and Urban Development announced on Wednesday a series of temporary waivers that will allow servicers to use alternative methods when servicing FHA -insured forward and reverse mortgages.

Refinance wave boosts mortgage applications 3.8%

Housing Wire

With mortgage rates continuing to hover near record lows, mortgage applications jumped 3.8% last week according to a report from the Mortgage Bankers Association (MBA). Mortgage rates continue to hover at record lows this fall.

Rising rates push mortgage applications down for fifth week

Housing Wire

Mortgage applications decreased for the fifth straight week – this time down 5.1%, according to the latest report from the Mortgage Bankers Association. Refinance mortgage applications declined for the fifth straight week.

Developing a lending strategy for rising mortgage rates

Housing Wire

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. history for mortgage origination volume. Rising mortgage rates will certainly be tolerated by the market.

Mortgage applications decrease as rates move higher

Housing Wire

Mortgage applications decreased 1.9% 15 from one week earlier , per data from the Mortgage Bankers Association’s weekly survey. The FHA share of total mortgage applications decreased to 9.3% The VA share of total mortgage applications increased to 13.8%

Mortgage applications continue to fall as rates climb

Housing Wire

Mortgage applications dropped for the second straight week — falling 2.2%, according to the latest report from the Mortgage Bankers Association. The refinance share of mortgage activity decreased as well, to 62.9% The FHA share of total mortgage applications increased to 11.7%

Mortgage rates remain at record-low levels

Housing Wire

After falling to the lowest rate in Freddie Mac’s Primary Mortgage Market Survey’s near 50-year-history last week, the average U.S. mortgage rate for a 30-year fixed loan remained at a survey-low 2.67% this week.

Mortgage rates continue to stay low at 2.73%

Housing Wire

The average mortgage rate for a 30-year fixed loan remained unchanged last week from the week prior at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. Overall, record low mortgage rates are still fanning the refi flame regardless of who’s snagging the offer.

Mortgage applications drop for second week

Housing Wire

As mortgage rates come off of their historic lows, mortgage applications dropped for the second week, according to data from the Mortgage Bankers Association. Mortgage applications dropped 5.1% The VA share of total mortgage applications decreased to 13.2%

Mortgage applications increase for second straight week

Housing Wire

Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. 18, according to the latest report from the Mortgage Bankers Association. Mortgage applications jumped 0.8%