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Refinancing Action Fuels 30% Surge in Mortgage Application Activity
The Refinance Index ascended by 58% from the previous week and was 70% higher than the same week one year ago. Continue Reading Refinancing Action Fuels 30% Surge in Mortgage Application Activity
Mortgage Applications for New Home Purchases Inch Up by 1% from Last Year
The average loan size for new homes increased from $372,745 in July to $374,288 in August. Continue Reading Mortgage Applications for New Home Purchases Inch Up by 1% from Last Year
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Mortgage Rates Remain Flat
Fannie Mae predictied mortgage rates will end 2025 and 2026 at 6.4% and 6.0%, respectively. Continue Reading Mortgage Rates Remain Flat
Mortgage Application Activity Inches Up Again
The FHA share of total applications decreased to 18.7% from 19% the week prior. Continue Reading Mortgage Application Activity Inches Up Again
Mortgage Rates on the Rise Again
The 30-year fixed-rate mortgage averaged 6.75% as of July 17. Continue Reading Mortgage Rates on the Rise Again
FHA Raises Loan Limits for Manufactured Homes
The FHA said it will recalculate the program’s loan limits on an annual basis to keep pace with changing home prices. Continue Reading FHA Raises Loan Limits for Manufactured Homes
IMBs Recorded Net Production Losses in Q4 2023
“The fourth quarter of 2023 was about as challenging as it could get for mortgage lenders to generate a production profit,” said MBA’s Marina Walsh. Continue Reading IMBs Recorded Net Production Losses in Q4 2023
Mortgage Rates Drop Again
The 30-year fixed-rate mortgage averaged 6.74% as of March 14, down from last week when it averaged 6.88%. Continue Reading Mortgage Rates Drop Again
New Click n’ Close Loan Program Aimed at Rural Markets
The new product is designed to aid homebuyers with down payment assistance, with availability in select markets. Continue Reading New Click n’ Close Loan Program Aimed at Rural Markets
Mortgage Application Activity Up 7.1%
The refinance share of mortgage activity increased to 31.6% of total applications. Continue Reading Mortgage Application Activity Up 7.1%
Mortgage Rates Dip, But Still Close to 7%
The 30-year fixed-rate mortgage averaged 6.88% as of March 7, down from last week when it averaged 6.94%. Continue Reading Mortgage Rates Dip, But Still Close to 7%
Fannie Mae Upgrades Data Validation Capabilities in Desktop Underwriter
“We are removing a hurdle from the loan application process,” said Cyndi Danko, senior vice president and single-family chief credit officer. Continue Reading Fannie Mae Upgrades Data Validation Capabilities in Desktop Underwriter
Mortgage Applications Up 9.7%
The Refinance Index increased 8% from the previous week and was 2% lower than the same week one year ago. Continue Reading Mortgage Applications Up 9.7%
Mortgage Rates Up for Fourth Straight Week
“The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Up for Fourth Straight Week
Home Mortgage Lending Activity Sank During Q4 2023
The fourth quarter total was also a 16.5% decline from the same period in 2022. Continue Reading Home Mortgage Lending Activity Sank During Q4 2023
