Mortgage Rates Up for Fifth Straight Week
Mortgage rates continued their upward climb in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31, up from last week when it averaged 6.54%. A year ago at this time, it...
Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
While current mortgage rates are in the vicinity of 7%, roughly half (45%) of recent homebuyers secured a mortgage with a rate below 5%, according to data from Zillow (NASDAQ: Z, ZG). More than one-third (35%) of these recent buyers were able to get a lower rate...
Mortgage Application Activity Flattens Out
Mortgage application activity was flat in the latest data report from the Mortgage Bankers Association (MBA) covering the week ending Oct. 25. The Market Composite Index, the MBA’s measure of mortgage loan application volume, dipped by 0.1% on a seasonally adjusted...
Guest Opinion: MBA Chief Broeksmit on the Election and Housing Policy
Bob Broeksmit is president and CEO of the Mortgage Bankers Association (MBA). This column is edited and adapted from prepared remarks delivered today at the MBA’s 2024 Annual Convention and Expo in Denver. While the rest of the country is anxious about the...
Forecast: Mortgage Origination to Reach $2.3 Trillion in 2025
Total mortgage origination volume is expected to increase to $2.3 trillion in 2025 from the $1.79 trillion expected in 2024, according to a forecast from the Mortgage Bankers Association (MBA). In the new forecast, purchase originations will increase 13% to $1.46...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
