Housing Wire
OCTOBER 5, 2022
Mortgage applications for the week ending Sept. from the prior week , according to the latest survey from the Mortgage Bankers Association. On an unadjusted basis, the mortgage composite index decreased 14% compared with the previous week. The post Mortgage demand hits lowest level since 1997 appeared first on HousingWire.
Housing Wire
OCTOBER 12, 2022
Mortgage demand continues to decline amid surging home loan rates, according to the latest survey from the Mortgage Bankers Association (MBA). . The mortgage composite index for the week ending Oct. The average contract interest rate for 5/1 ARMs increased to 5.56% from 5.36% in the same period. two weeks prior.
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Housing Wire
SEPTEMBER 29, 2021
Homebuyer contract signings in the U.S. Increased inventory of homes for sale, near historic low mortgage rates and favorable demographics means more housing demand, ” Odeta Kushi, the First American deputy chief economist said in a statement. rose 8% month-over-month from July to August, though the figure was still 8.3%
Housing Wire
DECEMBER 30, 2020
Year-over-year, contract signings increased by 16.4%. from its former high in July 2006, and was up 8.4% As 2021 approaches, Yun predicts that there will be a slight uptick in mortgage rates to around 3%, existing-home sales to increase by roughly 10% and new home sales to increase by 20%. The National Index is now up 24.5%
Housing Wire
OCTOBER 25, 2022
Recession is coming, according to the Mortgage Bankers Association. . The economic dislocation will bring mortgage originations down to $2.05 “The slowdown in housing activity and higher mortgage rates will quickly cut the rate of home-price growth. “Mortgage insurers are forecasting between $1.3
Housing Wire
NOVEMBER 30, 2020
However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% How the mortgage industry is working together to make housing more affordable. Pending home sales looks specifically at contracts that have been signed but where the transaction has not closed on sales of already existing inventory.
Housing Wire
JANUARY 20, 2023
The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. Also, this is what the Federal Reserve wants.
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