Housing Wire

DECEMBER 6, 2023

Total home loan applications increased 2.8% The 30-year fixed-rate mortgage averaged 7.17% last week. Purchase applications rose by 35% week-over-week on an unadjusted basis, though they were 17% lower than a year ago. The refinance index rose by 14% on a weekly basis and was 10% higher than a year ago.

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Housing Wire

FEBRUARY 1, 2024

The 30-year fixed-rate mortgage averaged 6.63% as of Feb. Meanwhile, the 15-year fixed rate averaged 5.94% this week, down from 5.96% during the prior week. Meanwhile, the 15-year fixed rate averaged 5.94% this week, down from 5.96% during the prior week. Is the housing market normalizing?

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Mortgage Housing Market Sellers Inventory 414

Housing Wire

FEBRUARY 5, 2024

Recent market trends — including an improvement in mortgage rates, housing affordability and potential refinance opportunities — suggest positive signs for the real estate market this year, according to February’s Mortgage Monitor report from Intercontinental Exchange (ICE). Mortgage rates held at 6.71% as of Jan. million to 3.8

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Housing Wire

JANUARY 3, 2024

The 30-year fixed mortgage rate closed 2023 at 6.76%, more than one percentage point lower than its October peak of 7.9%, according to Joel Kan, MBA’s vice president and deputy chief economist. “The Meanwhile, refinance applications remained at very low levels but were 15% higher than a year ago. from 15% the week prior.

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Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. more than at other times of the year, equating to an additional $7,700 on the typical U.S.

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Housing Wire

JANUARY 18, 2024

The 30-year fixed-rate mortgage averaged 6.6% The 15-year fixed-rate mortgage averaged 5.76% this week, down from 5.87% the prior week. HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.709% on Thursday, up from 6.66% recorded at the same time last week.

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Housing Wire

JANUARY 11, 2024

Mortgage rates ticked up this week as the 10-year Treasury yield made its way back above 4%. The 30-year fixed-rate mortgage averaged 6.66% as of Jan. The 15-year fixed-rate mortgage averaged 5.87% this week, down from 5.89% the prior week.

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Housing Wire

DECEMBER 20, 2023

Total home loan applications decreased by 1.5% 15 compared to the previous week, according to data from the Mortgage Bankers Association (MBA). The share of Federal Housing Administration (FHA) loan activity decreased to 15.5%, down from 16.1% Department of Agriculture (USDA) loan activity remained unchanged at 0.4%.

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Housing Wire

NOVEMBER 18, 2021

The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%. Economists at Freddie Mac said the 15-year fixed-rate mortgage averaged 2.39% last week, up from 2.27% the week prior.

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Housing Wire

JANUARY 25, 2024

The 30-year fixed-rate mortgage averaged 6.69% as of Jan. Meanwhile, the 15-year fixed rate averaged 5.96% this week, up from 5.76% during the prior week. Despite persistent inventory challenges, we anticipate a busier spring homebuying season than 2023, with home prices continuing to increase at a steady pace.”

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Housing Wire

JANUARY 6, 2021

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. But the possibility of reduced future earnings is another key reason some refinance into a 15-year loan.

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Housing Wire

DECEMBER 5, 2023

California-based Pennymac Financial Services ’s broker division, Pennymac TPO , launched a home equity loan product as tappable home equity nears its 2022 peak. A home equity loan — also known as a second mortgage — enables a homeowner to borrow money by leveraging equity in a home.

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Housing Wire

AUGUST 10, 2023

The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac. Since the last FOMC meeting in July, all eyes have been fixed on Thursday’s Consumer Price Index release. By contrast, the 30-year fixed-rate mortgage was at 5.22% a year ago at this time.

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Housing Wire

NOVEMBER 29, 2023

Total home loan applications increased 0.3% Mortgage rates for the 30-year fixed loan averaged 7.29% as of Nov. 22, falling 15 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. Mortgage rates for the 30-year fixed loan averaged 7.29% as of Nov.

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Housing Wire

JANUARY 25, 2023

Lower mortgage rates The Mortgage Bankers Association (MBA) reported on Tuesday that the average contract interest rate for 30-year fixed mortgages with conforming loan balances ($726,200 or less) decreased to 6.20% for the week ending January 20, down from 6.23% in the previous week.

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Housing Wire

JULY 7, 2022

A year ago at this time, 30-year fixed rate purchase rates were at 2.90%. Over the last two weeks, the 30-year fixed-rate mortgage dropped by half a percent, as concerns about a potential recession continue to rise,” Sam Khater, chief economist at Freddie Mac, said in a statement. Refi apps decreased 7.7%

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Housing Wire

JANUARY 13, 2022

The average 30-year fixed rate mortgage increased to 3.45% during the week ending Jan. A year ago, the 30-year fixed rate mortgage averaged 2.79%. The 15-year fixed rate mortgage averaged 2.62% last week, up from 2.43% the week prior. A year ago at this time, it averaged 2.23%.

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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 30-year fixed mortgage rate remained essentially unchanged at 3.01 The 30-year fixed mortgage rate remained essentially unchanged at 3.01 of total applications.

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Housing Wire

SEPTEMBER 16, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose to an average of 6.02% this week ahead of the Federal Reserve ’s much-anticipated interest rate hike next week. Daily mortgage rate calculators are showing 30-year fixed rates at 6.30% and above. in August and 8.3% Khater said.

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Housing Wire

FEBRUARY 8, 2023

Still, mortgage demand is down 58% from a year prior. The 30-year fixed rate is almost a percentage point below its recent high of 7.16% in October 2022,” said Joel Kan, MBA’s vice president and deputy chief economist. 8, mortgage rates on a 30-year-fixed rate loan averaged 6.42%. last week, up from 31.2%.

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Mortgage Contracts Inventory Marketing 356

Housing Wire

SEPTEMBER 6, 2023

In the face of spiking interest rates and historically high home prices , $3,000 monthly mortgage payments are common in today’s housing market. It’s up 60% over the past two years. for the first time in the 15+ years Black Knight has been tracking that data. Tappable equity levels remain elevated, Walden noted.

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Mortgage Insurance Housing Market Marketing 403

Housing Wire

JUNE 30, 2022

A year ago at this time, 30-year fixed rate purchase rates were at 2.98%. Another index showed the 30-year conforming rates also slid from last week. The 30-year fixed-rate jumbo was at 5.42% Wednesday, up from 5.33% from the previous week, according to the Black Knight index. Refi application rose 1.9%

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Mortgage Housing Market Government Marketing 360

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. On July 31, the company announced a 1.875% rate for 15-year mortgages. The UWM 30-year rate is almost a full percentage point below the 2.88% average U.S.

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Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% According to the brokerage, 6.5% the month prior.

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Sellers Buyers Inventory Real Estate Agent 497

Housing Wire

JUNE 26, 2023

The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total loans serviced and 15% of delinquent loans. Sixteen percent of home modifications in Q1 were modifications with principal forbearance, the report said. The serious delinquency rate also decreased to 0.6%

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Housing Wire

JUNE 23, 2022

A year ago at this time, 30-year fixed rate purchase rates were at 3.02%. Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year,” said Sam Khater, Freddie Mac’s chief economist, according to a statement. . The product averaged 2.53% a year ago.

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Mortgage Government Buyers Marketing 355

Housing Wire

JULY 28, 2021

The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and the potential economic fallout, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. And the 15-year rate fell to a record low last seen in 1990. from 64.9%

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Housing Wire

JUNE 2, 2021

“Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continue to hold back purchase activity,” Kan said. “The government purchase index declined to its lowest level in over a year and has now decreased year over year for five straight weeks.

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Mortgage Contracts Inventory Construction 536

Housing Wire

APRIL 20, 2022

With rates at the highest level in a decade, mortgage applications for the week ending April 15 fell 5%, according to the latest survey by the Mortgage Bankers Association. The drop was largely driven by an 8% decline in refinancing applications, which was 68% lower than the same week one year ago. of total applications last week.

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Mortgage Contracts Buyers 403

Housing Wire

FEBRUARY 17, 2021

Since hitting a survey low in December, the 30-year fixed rate has slowly risen, and last week climbed to its highest level since November 2020,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The seasonally adjusted Purchase Index decreased 6% from one week earlier. the week prior.

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Housing Wire

JANUARY 6, 2022

The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. A year ago, the 30-year fixed rate mortgage averaged 2.65%. The 15-year fixed rate mortgage averaged 2.43% last week, up from 2.33% the week prior. A year ago at this time, it averaged 2.16%.

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Mortgage Lending Technology Business 497

Housing Wire

SEPTEMBER 30, 2021

The average 30-year-fixed mortgage rate rose 13 basis points to 3.01% for the week ending Sept. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates rose across all loan types, in conjunction with the 10-year U.S. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

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Mortgage Buyers Marketing 484

Housing Wire

MAY 19, 2022

Purchase mortgage rates this week averaged 5.25%, down five basis points from a week ago , as some individuals put the American homeownership dream on standby due to higher rates and surging home prices, according to the latest Freddie Mac PMMS. This time a year ago, the 30-year fixed-rate purchase rates were at 3%, the report shows.

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Housing Wire

JULY 27, 2023

Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%. By contrast, the 30-year fixed-rate mortgage was at 5.30% a year ago at this time.

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Housing Wire

MAY 26, 2022

A year ago at this time, 30-year fixed rate purchase rates were at 2.95%. Black Knight ’s Optimal Blue OBMMI pricing engine, which considers refinancings and additional data from the Mortgage Bankers Association , measured the 30-year conforming mortgage rate at 5.32% Wednesday, down from 5.50% the previous week.

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Mortgage Housing Market Government Buyers 436

Housing Wire

OCTOBER 28, 2020

Nevertheless, refis remained 80% higher than the same time a year ago. With the 30-year fixed rate at MBA’s all-time survey low of 3%, conventional refinances rose 5%. and jumped 24% compared to last year as average loan size reached another record high at $372,600, the report said. from 2.61%.

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Mortgage Contracts Government Inventory 513

Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. Some economists say that this development contributed to drive up the 10-year treasury yield to its highest level since November 2022. By contrast, the 30-year fixed-rate mortgage was at 4.99% a year ago at this time.

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