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 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.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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%

Refis lead the way as mortgage applications rise 1.7%

Housing Wire

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%

Mortgage applications see slight decline despite 3% mortgage rate

Housing Wire

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%

Average U.S. mortgage rate drops to 2.87%

Housing Wire

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.

Average 30-year mortgage rate falls to another all-time low

Housing Wire

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.

Average mortgage rates tick up this week

Housing Wire

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.

Mortgage rates hit another record low this week

Housing Wire

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.

Mortgage rates remain steady, rise to 2.81%

Housing Wire

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.

As mortgage rates climb, applications fall six basis points

Housing Wire

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

Ginnie Mae will ban LIBOR-based mortgages

Housing Wire

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.

Mortgage credit tightened in September, MBA says

Housing Wire

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%

Mortgage forbearances drop 22% from May peak

Housing Wire

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%.

Late-term mortgage delinquencies rise on forbearances

Housing Wire

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.

What MBA’s forecast means for mortgage originators

Housing Wire

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.

U.S. mortgage rates fall to all-time lows this week

Housing Wire

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.

Average U.S. 30-year mortgage rate rises from all-time low

Housing Wire

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.

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 lending volume in 2020 likely to break records

Housing Wire

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.

Mortgage applications fall 3.3% as interest rates rise

Housing Wire

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%

UWM announces 1.99% rate for 30-year fixed mortgage

Housing Wire

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.

Mortgage forbearance rate falls to a nearly 5-month low

Housing Wire

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.

Mortgage modifications are on the rise, MBA says

Housing Wire

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 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%

Academy Mortgage Inspires Hope

Housing Wire

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

Mortgage applications fall for the third week in a row

Housing Wire

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%

Average U.S. mortgage rates rise from record low

Housing Wire

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.

MBA forecast for 2021: Prepare for rising mortgage interest rates

Housing Wire

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

Making sense of ultra-low mortgage rates

Housing Wire

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.

Mortgage rates tumble to new record lows this week

Housing Wire

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.

It hasn’t been this hard to get a mortgage in six years

Housing Wire

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%

Average mortgage rate falls to 2.91%: Freddie Mac

Housing Wire

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%

United Wholesale Mortgage plans $16B public debut via acquisition

Housing Wire

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.

UWM 1.99% 30-year mortgage rate comes with a catch

Housing Wire

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.