The 30-year fixed-rate mortgage averaged 6.55% as of July 16, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). That marked an increase from last week when it averaged 6.49%. A year ago at this time, it averaged 6.75%. The 15-year...
Mortgage applications for new home purchases in June declined by 6% from May but increased 2.4% from one year before, according to data from the Mortgage Bankers Association (MBA). The trade group estimated new single-family home sales were running at a seasonally...
A pair of new data reports from the Mortgage Bankers Association (MBA) found mortgage application activity and mortgage credit availability in decline. The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.7% on a seasonally...
Ginnie Mae announced that it issued $53.9 billion in total mortgage-backed securities (MBS) in June, resulting in net portfolio growth of $20.6 billion. Last month’s activity expands its MBS portfolio outstanding to $2.97 trillion. Last month’s activity included $52.4...
Mortgage rates registered a mild uptick in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.49% as of July 9, up from last week when it averaged 6.43%. A year ago at this time, it averaged...
Mortgage application activity was mostly lethargic for the week ending July 3, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.2% on a seasonally adjusted...
