Housing Wire

DECEMBER 3, 2023

Despite compressed volumes, cash-out refinance loans fueled what is left of the refinance market accounting for 92% of the third quarter activity. in October, also a series high, while the average among FHA and VA loans hit 45.5% for VA loans. In 2024, roughly 75% of originations expected to come from purchase loans.

Equity 427

Equity VA loan FHA loan Mortgages 427

Housing Wire

JANUARY 10, 2024

The increase in purchase and refinance applications for both conventional and government loans is promising to start the year but was likely due to some catch-up in activity after the holiday season and year-end rate declines,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. for the week ending Jan. from 14.5%

Mortgages 477

Mortgages VA loan FHA loan Loans 477

Housing Wire

JANUARY 24, 2024

Refinance applications declined over the week and remained at low levels. There is still little incentive for homeowners to refinance with rates at these levels.” Department of Veterans Affairs (VA) share fell to 13.7%, down from 14.2% Last week, refis comprised 32.7% of the total applications, down from 37.5% the previous week.

Mortgages 473

Mortgages Fixed-rate mortgage Loans Residential 473

Housing Wire

FEBRUARY 28, 2024

Higher rates in recent weeks have stalled activity, and last week it dropped more for those seeking FHA and VA refinances,” Mike Fratantoni, MBA’s senior vice president and chief economist, said in a statement. Department of Veterans Affairs (VA) share declined to 11.7%, down from 12.1% Mortgage applications decreased by 5.6%

Mortgages 355

Mortgages Fixed-rate mortgage Loans Residential 355

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home. A VA loan is a mortgage partially backed by the U.S.

VA loan 435

VA loan Loans Mortgages Lending 435

Housing Wire

DECEMBER 12, 2023

Jumbo rates fell 34 bps to 7.61%, FHA dropped 54 bps to 6.90%, and VA dropped 61 bps to 6.79%. The recent decline in rates incentivized borrowers who took out loans over the last few months to refinance – driving up refi volume by 2% month over month to reach its highest level since February. in November from 7.9% in October.

Mortgages 420

Mortgages Loans Marketing 420

Housing Wire

FEBRUARY 7, 2024

2 on a seasonally adjusted basis, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. “​​Rates at these levels have not prompted much of a reaction in the refinance market, as most homeowners have mortgages with much lower rates,” Joel Kan , MBA’s vice president and deputy chief economist, said in a statement.

Mortgages 432

Mortgages Fixed-rate mortgage Loans Residential 432

Housing Wire

NOVEMBER 13, 2023

Both purchase and refinance volumes continued to wane in the face of the highest mortgage rates in over two decades, according to Optimal Blue’ s originations market monitor report. Refinance-dollar volume declined, with cash-outs falling 3% and rate-and-term refinances down 6%. month over month. in September.

Mortgages 373

Mortgages VA loan Loans Investor 373

The Mortgage Report

JANUARY 29, 2021

Here are the most common VA loan refinance scams and how to avoid them. Mortgage scams are real and they often veteran homeowners.

VA loan 109

VA loan Loans Mortgages 109

Housing Wire

MARCH 3, 2021

The refinance share of mortgage activity decreased to 67.5% The overall share of refinances declined for the fourth consecutive week, and conventional refinance applications fell more than 2% to the lowest level in four months,” Kan said. The refinance index increased 0.1% of total applications from 68.5%

Fixed-rate mortgage 534

Fixed-rate mortgage Mortgages Loans Industrial 534

Housing Wire

FEBRUARY 14, 2024

Refinance applications declined and remained depressed, with rates still higher than a year ago.” Purchase applications decreased by 3% from one week earlier on a seasonally adjusted basis, while refinance applications fell by 2% in the same period. Department of Veterans Affairs (VA) share declined to 13.1%, down from 14.1%

Mortgages 375

Mortgages Fixed-rate mortgage Loans Residential 375

Housing Wire

FEBRUARY 21, 2024

“Mortgage applications dropped [as a result] with a larger decline in refinance applications,” Fratantoni said in a statement. Purchase applications decreased by 10% from one week earlier on a seasonally adjusted basis, while refinance applications fell by 11% in the same period. last week, down from 13.4% the week prior. And the U.S.

Mortgages 417

Mortgages Fixed-rate mortgage Loans Residential 417

The Mortgage Report

NOVEMBER 6, 2020

The VA cash-out refinance lets you refinance up to 100% of your home's value, cash-out equity, and lock in a lower interest rate on your new loan.

Equity 124

Equity Loans VA loan Mortgages 124

Housing Wire

OCTOBER 18, 2023

Both purchase and refinance applications declined driven by larger drops for conventional applications,” Joel Kan, MBA’s vice president and deputy chief economist, detailed. Additionally, refinance activity was at its lowest level since early 2023, with its share decreasing to 30.5% Mortgage applications decreased 6.9% from 14.4%

Mortgages 437

Mortgages VA loan FHA loan Loans 437

Housing Wire

NOVEMBER 15, 2023

Both purchase and refinance applications increased to their highest weekly pace in five weeks after mortgage rates logged the largest decline in a year. Purchase applications rose 3% week over week while refinance applications inched up by 2% over the same time period. Total home loan applications increased 2.8% the previous week.

VA loan 408

VA loan FHA loan Mortgages Loans 408

Housing Wire

MARCH 26, 2024

This brought the total to 6.905 million since the start of the GSE conservatorships in September 2008, the FHFA foreclosure prevention and refinance report showed. Department of Veterans Affairs ( VA ) loans was 2.01% and the industrywide average for all loans was 1.52%. The rate for U.S.

VA loan 417

VA loan FHA loan Short sale Loans 417

Housing Wire

NOVEMBER 8, 2023

Applications for both purchase and refinance loans were up over the week but remained at low levels,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. “”The Refinance applications inched up by 2% from the previous week and fell 7% from the same time period in 2022. For the week ending Nov.

VA loan 417

VA loan FHA loan Mortgages Loans 417

Housing Wire

FEBRUARY 12, 2024

Cash-out and rate-and-term refinance volumes rose 30% and 20%, respectively. Department of Veteran Affairs (VA) loans also fell in January, while jumbo rates moved up. and the VA share dropping to 11.7% The Optimal Blue Mortgage Market Indices’ 30-year conforming rate dropped 4 basis points in January to reach 6.53%.

VA loan 356

VA loan Marketing Loans Mortgages 356

Housing Wire

NOVEMBER 1, 2023

“The impact of higher rates continued to be felt across both purchase and refinance markets,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. Meanwhile, refinance applications fell 4% from the previous week and 12% from the same time period in 2022, hitting their lowest level since January 2023.

Mortgages 398

Mortgages VA loan FHA loan Loans 398

Housing Wire

OCTOBER 4, 2023

Meanwhile, refinance applications slumped 7% from the previous week and were 11% lower than the same time a year ago. Meanwhile, the refinance share of mortgage activity decreased to 31.7% Meanwhile, the share of Department of Veterans Affairs (VA) loan activity of total mortgage applications was 10.1%, down from 10.9%

Mortgages 475

Mortgages VA loan FHA loan Loans 475

Housing Wire

MARCH 6, 2024

Purchase applications increased by 11% from one week earlier on a seasonally adjusted basis, while refinance applications rose by 8% in the same period. Department of Veterans Affairs (VA) share declined to 11.4%, down from 11.7% Last week, refis accounted for 30.2% of all applications, down from 31.2% the previous week. And the U.S.

Mortgages 426

Mortgages FHA loan Loans Residential 426

The Mortgage Report

NOVEMBER 13, 2020

See the pros and cons of conventional vs. VA vs. FHA refinancing. Compare refinance rates and learn about cash-out options.

Loans 116

Loans Mortgages 116

Housing Wire

NOVEMBER 29, 2023

Similarly, refinance activity will likely be muted for some time, even with the recent decline in rates, as many borrowers locked in much lower rates in 2020 and 2021.” Meanwhile, refinance activity slumped, decreasing 9% from the previous week. The refinance share of mortgage activity fell to 30.6% the previous week.

Mortgages 378

Mortgages VA loan FHA loan Loans 378

Housing Wire

NOVEMBER 22, 2023

Meanwhile, refinance applications rose slightly by 1.6% The share of Department of Veterans Affairs (VA) loan activity was 11.3%, up from 11.2% last week but remained subdued. The adjustable-rate mortgage (ARM) share of activity fell to 8.3% of total applications, down from 8.8% the previous week. of all applications, down from 14.4%

VA loan 460

VA loan FHA loan Mortgages Loans 460

Housing Wire

DECEMBER 23, 2020

Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. Last week’s increase in refinance applications was driven by FHA and VA activity, while conventional refinances saw a slight decline.” Mortgage applications jumped 0.8%

Fixed-rate mortgage 537

Fixed-rate mortgage Mortgages FHA loan Loans 537

Housing Wire

OCTOBER 12, 2023

September’s rate-lock decline continues a four-month trend of falling mortgage volumes, with month-over-month purchase locks down 20%, cash-outs down 17% and rate/term refinances down 18% in September. FHA and VA loan production both gained in activity share to 20.6% and 10.4%, respectively. of the total.

VA loan 346

VA loan Mortgages FHA loan Loans 346

Housing Wire

APRIL 12, 2023

The share of Department of Veterans Affairs (VA) purchase loans also saw an uptick, climbing to 12.8% While total refi app volume was relatively flat, conventional volume declined last week — and the VA refi volume increased. from 12% the week prior. from 11% week over week. the week prior.

Mortgages 348

Mortgages Fixed-rate mortgage Loans Residential 348

Housing Wire

NOVEMBER 16, 2022

However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The increase was driven by the purchase index, which rose 4%, but was offset by the refinance index, which dropped 2% from a week prior. . The refinance share of mortgage activity decreased to 27.6% from 13.3%

Mortgages 544

Mortgages Fixed-rate mortgage Loans Banks 544

Housing Wire

SEPTEMBER 15, 2021

Meanwhile, the refinance share of mortgage activity is starting to take up a smaller slice of the pie chart, decreasing to 64.9% Kan said that even though the 30-year-fixed rate remains unchanged at just over 3%, “it is not enough to drive more refinance activity.”. of total applications from 66.8% last week, the report found.

Mortgages 469

Mortgages Marketing Loans Industrial 469

Housing Wire

MARCH 22, 2023

Department of Veterans Affairs (VA) announced on Wednesday that it will lower the VA Native American Direct Loan (NADL) program interest rate from 6% to 2.5% The program is separate from the broader VA loan program that is available to all veterans. or higher can refinance at the lower rate, according to the VA.

VA loan 375

VA loan Mortgages Land Loans 375

Housing Wire

JANUARY 31, 2024

Applications decreased compared to a holiday-adjusted week, driven by a decline in purchase applications that offset a slight increase in refinance activity,” Joel Kan , MBA’s vice president and deputy chief economist, said in a statement. Department of Veterans Affairs (VA) share fell to 13.3%, down from 13.7% in the week ending Jan.

Mortgages 392

Mortgages Fixed-rate mortgage Loans Residential 392

Housing Wire

OCTOBER 28, 2020

The refinance index led the rebound after it gained 3% from the previous week, however, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting, refinance activity has been somewhat volatile over the past few months. The VA share of applications fell to 11.4% from 66.1% the week prior.

Fixed-rate mortgage 515

Fixed-rate mortgage Mortgages Loans Industrial 515

Housing Wire

NOVEMBER 13, 2023

The good news is that this period of experimentation with mechanisms to keep defaulted borrowers out of foreclosure has evolved and been refined over the last 15 years into effective, standardized loss-mitigation programs that both keep borrowers in their home and reduce losses on the underlying home. The 2008 Housing Crisis was a nightmare.

Banks 331

Banks Loans Bankruptcy Mortgages 331

Housing Wire

NOVEMBER 4, 2020

The refinance wave showed no signs of stopping as refinance activity gained 6% from the previous week – up 88% higher than the same week last year. The drop in rates spurred an uptick in demand for refinances,” Kan said. The VA share of applications increased to 12.2% from 11.7%. from 11.4%.

Fixed-rate mortgage 504

Fixed-rate mortgage Mortgages FHA loan Loans 504

Housing Wire

OCTOBER 11, 2023

Refinance applications also continue to be limited, and the average loan size has fallen to its lowest level since 2017.” Meanwhile, refinance applications rose 0.3% week over week and were 9% lower than the same week the prior year.The refinance share of all mortgage applications fell to 31.6% from 31.7% the previous week.

Loans 310

Loans VA loan FHA loan Mortgages 310

Housing Wire

JANUARY 3, 2024

Meanwhile, refinance applications remained at very low levels but were 15% higher than a year ago. The share of Department of Veterans Affairs (VA) loan activity was 14.6%, down from 17.3% Purchase applications decreased by 5% week over week on an adjusted basis. from 15% the week prior. over the previous week, while the share of U.S.

Mortgages 355

Mortgages VA loan FHA loan Loans 355

Housing Wire

JANUARY 13, 2021

“Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said. The refinance index increased 20% from the previous week and was 93% higher than the same week one year ago. .

Fixed-rate mortgage 501

Fixed-rate mortgage Mortgages Loans Industrial 501