Housing Wire

NOVEMBER 22, 2023

Mortgage applications rose to their highest level in six weeks after the 30-year fixed mortgage rate fell to 7.44% last week. 17 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The adjustable-rate mortgage (ARM) share of activity fell to 8.3%

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Mortgage Government Marketing Finance 460

Housing Wire

SEPTEMBER 6, 2023

Despite a slight drop in mortgage rates last week, mortgage applications fell to their lowest level since December 1996. 1, mortgage applications dropped 2.9% from the prior week , according to data from the Mortgage Bankers Association. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.21%.

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Mortgage Contracts Inventory Buyers 417

Housing Wire

AUGUST 30, 2023

Mortgage applications for home purchases and refinances increased for the first time in five weeks but remain at low levels. 25, mortgage applications picked up 2.3% The seasonally adjusted purchase index increased 2% from one week earlier while the unadjusted purchase index was 27% lower than the same week one year ago.

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Mortgage Contracts Government Inventory 374

Housing Wire

DECEMBER 6, 2023

Falling mortgage rates last week brought increased demand. 1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. The adjustable-rate mortgage (ARM) share of activity decreased to 7.4%

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Mortgage Marketing Inventory Finance 512

Housing Wire

OCTOBER 11, 2023

As the 30-year, fixed-rate mortgage hit 7.67% for the week ending Oct. 6, mortgage applications remained near historic lows. However, an uptick in adjustable-rate mortgage (ARM) applications edged total applications up slightly. Mortgage applications picked up 0.6% for the week ending Oct.

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Mortgage Finance 310

Housing Wire

MAY 26, 2022

At least two financial institutions brought back adjustable-rate mortgage (ARM) products this week amid surging mortgage rates and double-digit home price growth. Michigan-based wholesale lender Homepoint rolled out a jumbo ARM product offering a maximum loan amount as much as $2.5

Loan Officers 392

Loan Officers Housing Market Mortgage Buyers 392

Housing Wire

SEPTEMBER 20, 2023

In the week leading up to the Federal Open Market Committee meeting, mortgage applications finally ticked up. 15, mortgage applications rose 5.4% from the prior week , according to data from the Mortgage Bankers Association. The refinance share of mortgage activity increased to 31.6% For the week that ended Sept.

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Mortgage Inventory Contracts Buyers 410

Housing Wire

SEPTEMBER 13, 2023

The last time mortgage demand was this low, Toni Braxton’s “Un-break my heart” topped the Billboard charts. 8, mortgage applications fell 0.8% from the prior week , according to data from the Mortgage Bankers Association. The refinance share of mortgage activity decreased to 29.1% from 13.7%

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Mortgage Contracts Finance 376

Housing Wire

SEPTEMBER 27, 2023

In the week following the Federal Open Market Committee ‘s meeting, mortgage applications sunk. 22, mortgage applications fell 1.3% from the prior week , according to data from the Mortgage Bankers Association. Mortgage rates moved to their highest levels in over 20 years as Treasury yields increased late last week.

Mortgage 389

Mortgage Contracts Inventory Marketing 389

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. 10 compared to the previous week , according to weekly data from the Mortgage Bankers Association (MBA). Total home loan applications increased 2.8% for the week ending Nov.

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Mortgage Marketing Finance 408

Housing Wire

NOVEMBER 29, 2023

Lower mortgage rates have brought increased mortgage demand. 24 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). Mortgage rates for the 30-year fixed loan averaged 7.29% as of Nov. Mortgage rates for the 30-year fixed loan averaged 7.29% as of Nov.

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Mortgage Marketing 378

Housing Wire

NOVEMBER 13, 2023

Affordability headwinds continued in the mortgage industry with mortgage rate lock volume remaining virtually flat in October. 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.

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Mortgage Investors Marketing Business 373

Housing Wire

MARCH 5, 2024

The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. For this reason, I will provide a short monthly educational focus, followed by a summary of the HECM rate market. Why are there two HECM interest rates used with HECM loans?

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Mortgage Insurance Home Value Development 369

Housing Wire

JUNE 15, 2022

A panel of experts assembled at a recent Mortgage Bankers Association (MBA) conference in New York predicted that adjustable-rate mortgages (ARMs) will become far more popular this year as purchase mortgages increasingly dominate a housing market contending with fast-rising interest rates.

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Mortgage Investors Buyers Marketing 352

Housing Wire

NOVEMBER 8, 2023

Mortgage applications picked up for the first time in four weeks as mortgage rates dropped by 25 basis points, to 7.61%. The Fed’s rate hike pause, combined with a softer October jobs report and the U.S Treasury’s issuance update, paved the way for rates to come down. For the week ending Nov. of total applications.

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Mortgage Inventory Finance 417

Housing Wire

NOVEMBER 2, 2023

Virginia-based community bank Trustar Bank sold its mortgage subsidiary to Archer Mortgage Holding Company, the companies announced on Thursday. According to its website, Trustar Bank offers 7/1 and 10/1 adjustable rate mortgages ( ARMs ), consumer construction loans and home equity line of credits.

Mortgage 384

Mortgage Loan Officers Construction Retail 384

Housing Wire

FEBRUARY 12, 2024

Mortgage rates continued their downward trajectory at the start of 2024, incentivizing homebuyers to apply for loans. Cash-out and rate-and-term refinance volumes rose 30% and 20%, respectively. The Optimal Blue Mortgage Market Indices’ 30-year conforming rate dropped 4 basis points in January to reach 6.53%.

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Housing Market Marketing Government Inventory 356

Housing Wire

OCTOBER 20, 2022

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. A year ago at this time, rates averaged 3.09%. Other indexes show higher rates.

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Mortgage Sellers Buyers New Listings 403

Housing Wire

NOVEMBER 2, 2022

Borrowers’ demand for mortgage loans declined at a slower pace last week when mortgage rates dropped slightly ahead of the Federal Reserve ’s (Fed) meeting to announce the new target for the federal funds rate. Meanwhile, the seasonally adjusted purchase index declined 0.8% from one week earlier and was down 40.8%

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Mortgage Retail Contracts Housing Market 399

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. compared to the same period in 2021, on an adjusted basis, the survey shows. Rates were at 6.75% the previous week.

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Mortgage Contracts Housing Market Marketing 384

Appraisal Buzz

APRIL 3, 2024

Mortgage application volume shrank 0.6% during the week ended March 29, as the average rate for a 30-year fixed-rate mortgage dipped to 6.91%, down slightly from 6.93% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for purchases decreased 0.1%

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Mortgage Appraisal 195

Housing Wire

NOVEMBER 3, 2021

United Wholesale Mortgage rolled out prime jumbo adjustable-rate mortgage (ARMs) products on Wednesday, signaling that demand for ARMs is growing inside of the broker community. The post As rate hikes loom, UWM rolls out jumbo ARMs appeared first on HousingWire. Become a member today.

Loan Officers 351

Loan Officers Mortgage Investing Finance 351

Housing Wire

SEPTEMBER 10, 2023

Rate lock volume fell 1.5% in August, the third consecutive decline as mortgage rates climbed to the highest level in more than 20 years. Interestingly, we saw very slight upticks in both cash-out and rate/term refinance locks in August,” Andy Walden, VP of enterprise research for Black Knight, said in a statement.

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Housing Market Marketing Mortgage 455

Housing Wire

AUGUST 23, 2023

Mortgage applications fell for the fifth consecutive week as the 30-year fixed-rate mortgage rose to 7.31%, its highest level since December 2000. For the week that ended August 18, mortgage applications fell 4.2% from the prior week , according to data from the Mortgage Bankers Association. from 13.8%

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Mortgage Contracts Government Buyers 331

Housing Wire

JULY 12, 2022

Lenders continued to tighten credit standards in June as higher mortgage rates slowed refinance and purchase activity. The monthly Mortgage Credit Availability Index (MCAI) fell by 0.3% in June, according to the Mortgage Bankers Association. Purchase mortgage rates , measured by the Freddie Mac PMMS Index , were at 5.3%

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Mortgage Government Inventory Lending 382

Appraisal Buzz

MARCH 27, 2024

Mortgage application volume decreased 0.7% during the week ended March 22, despite a slight decrease in mortgage rates that brought the average rate for a 30-year to 6.93%, down from 6.97% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. the previous week.

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Mortgage Inventory Appraisal Marketing 195

Housing Wire

MAY 11, 2022

Prospective homebuyers aren’t deterred by the skyrocketing mortgage rates amid a slow start to the spring home-buying season this year. Despite a slow start to this year’s spring home buying season, prospective buyers are showing some resiliency to higher rates. The refinance share of mortgage activity dropped to 32.4%

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Mortgage Contracts Retail Buyers 427

Housing Wire

NOVEMBER 15, 2022

Lending standards tightened in October, largely due to higher mortgage rates and the worsening outlook for the economy, the Mortgage Bankers Association (MBA) said. The mortgage credit availability index (MCAI) fell by 0.5% In October, ARMs made up 13.1% last month, marking eight consecutive months of decline.

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Lending Government Mortgage Housing Market 444

Housing Wire

NOVEMBER 14, 2022

Rate lock volume has dropped by more than 60% over the past 12 months as it struggles under the weight of high mortgage rates , which closed out October at 7.06%. Amid the surging rates, the refinance market is nearing the bottom. The decline in rate lock volume was driven by a 25.1% year over year.

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Marketing Lending Home Value Mortgage 351

Housing Wire

DECEMBER 13, 2023

mortgage lender United Wholesale Mortgage (UWM) is offering discounted rates on some government loans until January for brokers to create their own “refi boom,” the company announced on Wednesday. The initiative includes three new exclusive rates – 5.749% paying 1.5

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Government Mortgage Clients Investing 385

Housing Wire

JULY 6, 2022

Fewer applications show borrowers’ demand for mortgage loans fell this week, despite a decline in rates due to concerns of an economic recession, according to the Mortgage Bankers Association (MBA). . The survey, which includes adjustments to account for the long Fourth of July weekend, shows mortgage applications down 5.4%

Mortgage 352

Mortgage Retail Contracts Inventory 352

Housing Wire

APRIL 27, 2022

Interest in residential mortgage loans fell 8.3% for the week ending April 22, including a sharp decline in purchase applications, which indicates a potential weakness in home sales in the coming months, according to the Mortgage Bankers Association ‘s (MBA) latest survey. percentage point increase in the 30-year fixed rate.

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Housing Market Mortgage Marketing Retail 383

Housing Wire

JULY 28, 2022

United Wholesale Mortgage (UWM) rolled out a new adjustable-rate mortgage (ARM) product for jumbo loans in an effort to provide brokers more options in a highly competitive mortgage origination market. This is the second jumbo ARM the Michigan lender has introduced in the last year.

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Real Estate Agent Realtors Mortgage Appraisal 372

Housing Wire

NOVEMBER 9, 2022

Potential homebuyers stayed on the sidelines for mortgages amid the Federal Reserve ’s announcement of another interest rate hike. The Mortgage Bankers Association (MBA) survey shows that the mortgage composite index for the week ending Nov. Mortgage loan application volume plummeted 70.3% The index dropped 41.4%

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Mortgage Retail Contracts 366

Housing Wire

SEPTEMBER 22, 2020

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. For regular ARMs, the cut-off date is Jan.

Mortgage 381

Mortgage Government Investors Finance 381

Housing Wire

AUGUST 19, 2020

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 refinance share of mortgage activity also fell to 64.6% from 10.4%. from 11.4%.

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Mortgage Contracts Government Housing Market 540

Housing Wire

SEPTEMBER 16, 2020

Mortgage applications decreased 2.5% last week after seeing some positivity the week prior , according to a report from the Mortgage Bankers Association. Purchase applications decreased slightly by 1% from the week prior on a seasonally adjusted basis, while the unadjusted purchase index decreased 12% compared to the week prior.

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Mortgage Contracts 529