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WEB4 days ago · News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
How Fed rate cut could improve housing affordability for buyers
WEB3 days ago · Since before the Federal Reserve's 50-basis-point rate cut this month, the elevated interest rate environment in place since the COVID-19 pandemic has impacted property volumes and new home construction — bolstering home prices. WalletHub set out to measure this impact by comparing 23 major Metropolitan Statistical Areas against rising housing prices and natural-gas prices tied to the ...
As rates go up, Freddie calls previous enthusiasm "premature"
WEB2 days ago · The conforming 30-year fixed-rate mortgage interest rate rose to 6.12% on Oct. 3, up from 6.08% the previous week, as reported in Freddie Mac's Primary Mortgage Market Survey. A year ago, the 30-year FRM averaged 7.49%. This increase of 4 basis points can be attributed to geopolitical tensions and …
How to enhance lender outreach to Gen Z - National Mortgage …
WEB2 days ago · The U.S. homeownership rate in 2022 (65.8%) was higher than in 2019 (64.6%) as the country was still recovering from the foreclosure crisis in 2004 and the Great Recession in 2008. Generation Z (born 1997 to 2012) and millennials (born 1981 to 1996) drove the increase, partly due to low interest rates and flexibility around remote work.
Mortgage rates stay put, stalling refinance activity | National ...
WEB3 days ago · Average rates for jumbo loans grew in the past week by 3 basis points to 6.50%, while Federal Housing Administration-backed home loan rates moved up 7 bps to 6.06%. Contract rates for 15-year fixed-rate mortgages rose slightly to 5.51% week-over-week, and the average contract rate for 5/1 adjustable-rate loans climbed 11 bps to 5.87%.
National Mortgage News Magazine
WEBJan 23, 2024 · National Mortgage News - January/February 2023. January 25. Issues of 2022. Magazine Issue Year 2022. LENDERS RE-PRIORITIZE TECH INVESTMENTS FOR 2023. The main focus for IT departments going forward is finding solutions that will beef up volume, while shrinking expenses. December 1. Magazine Issue Year 2022.
Refinances propel rebound in mortgage application volumes
WEBJul 17, 2024 · The Refinance Index leaped 15.2% week over week, while compared to the same survey period in 2023, it came in 37.3% higher. FHA refinance transactions rose by over 23% on a weekly basis, while VA-sponsored applications increased almost 40%. The share of total refinances relative to overall volume also grew to 38.8% from 34.9%.
Mortgage rates up following inflation report
WEBJanuary 11, 2024, 12:58 p.m. EST 1 Min Read. For the second consecutive week, mortgage rates moved up, this time by 4 basis points, as the awaited consumer price index report found inflation running slightly hotter than some expected, Freddie Mac found. Brad Finkelstein. Originations Editor, National Mortgage News.
National Mortgage News - September 2021
WEBIn assuming that credit unions have the same risk profile as nonbank lenders, the mortgage insurer is now threatening to exclude nearly a quarter of them from being qualified issuers of the securities it backs, writes the Senior Director Of Advocacy and Counsel at the Credit Union National Association.
Year in Review: The biggest mortgage industry themes of 2021
WEBDec 29, 2021 · The 30-year fixed-rate started 2021 at a record low — 2.65% based on Freddie Mac’s weekly survey. With the U.S. economy picking up more rapidly than many expected, annual inflation increased at a record pace in the summer and fall, leading many economists to look to the central bank for moves that might lead mortgage rates upward.