Interest is Up, so are Apps
According to originationnews, the Mortgage Bankers Association (MBA) says despite the interest rate for a 30-year fixed-rate mortgage (FRM) with conforming loan balances having increased nine basis...
View ArticleMortgage Apps at Highest Level in 20 Months
NationalMortgageNews reports on a seasonally adjusted basis, purchase applications rose 13 percent over the week ending Jan. 4, but are up 47 percent on an unadjusted basis, their highest level since...
View ArticleMortgage Rates Lower than Last Year
MHProNews has learned from nationalmortgagenews the average rate for a 30-year fixed-rate mortgage (FRM) according to Freddie Mac’s weekly survey remained steady at 3.53%, while a 15-year FRM dropped...
View ArticleFHA Prepares Own QM Ticket
The American Banker informs MHProNews the Federal Housing Administration (FHA) is issuing its own QM rule because the Consumer Financial Protection Bureau (CFPB)’s may conflict with the FHA’s...
View ArticleMortgage Default Rate Falls
NationalMortgageNews informs MHProNews the composite index default rate for first time mortgages gained five basis points from February, 2013 and a 46 basis point improvement from March a year ago,...
View ArticleHUD Reviewing Qualified Mortgage Rule for FHA
Reviewing the qualified mortgage (QM) rule handed down by the Consumer Financial Protection Bureau (CFPB), the Dept. of Housing and Urban Development (HUD), in trying to broaden access to Federal...
View ArticleThirty-year Mortgage near Record Low
For the fifth consecutive week, according to what nationalmortgagenews tells MHProNews, the average 30-year fixed-rate mortgage (FRM) has dropped to 3.35 percent, and is now closing in on the record...
View ArticleProposal would Replace Government-Sponsored Enterprises Fannie and Freddie
A plan to replace Fannie Mae and Freddie Mac with a Market Access Fund (MAF) has been proposed by two U. S. senators as well as by several analytic firms and think tanks. Senators Bob Corker (R-Tenn.)...
View ArticleThirty-year FRM rises to 4.44 Percent
According to Zillow Mortgage Marketplace, the 30-year fixed rate mortgage (FRM) rose 17 basis points in the week ending Nov. 12 to 4.44 percent. The rate moved up due to the government’s strong jobs...
View Article30-Year and 15-Year Mortgages Slightly Above One Year Ago
According to nationalmortgagenews.com the average weekly rate for a 30-year mortgage is two basis points under 4.5 percent, making it just above one percent higher than one year ago. For a 15 year...
View ArticleMortgage Rates Down from One Year Ago
MHProNews.com has learned from OriginationNews that according to Freddie Mac, mortgage rates are well below comparable rates from a year ago even though they edged up a little from last week. The...
View ArticleFHA Insurance to Increase
HousingWire tells MHProNews.com the Federal Housing Administration (FHA) will raise the mortgage insurance from one percent to 1.75 percent to make up for the drop in the Mutual Mortgage Insurance...
View ArticleMIPs Increase for Specific FHA Projects
InsuranceNewsNet has issued a report from Housing and Urban Development (HUD) saying the mortgage insurance premiums (MIPs) for certain FHA multifamily housing and health care facilities will increase...
View ArticleFRMs Drop to New Lows
In Freddie Mac’s weekly primary market survey, the average rate for a 30-year fixed rate mortgage (FRM) fell to 3.84% from 3.88% a week earlier, marking a new low, according to OriginationNews. The...
View Article30-Year FRM Drops Again
HousingWire tells MHProNews.com Zillow reports the 30-year fixed rate mortgage (FRM) dropped three basis points from 3.59 percent last week to 3.56 percent. The rate for a 15-year FRM hit 2.95 percent,...
View ArticleMortgage Apps Fall, Interest Rate Rises
nationalmortgagenews reports the Mortgage Bankers Association (MBA) says mortgage applications fell 7.4 percent for the week ending Aug. 17, and the refinance share dropped from 81% to 80% to its...
View Article30-Year FRM Slides, Mortgage Apps Slow
According to information from Freddie Mac, as originationnews says, the average for a fixed rate 30-year mortgage fell four points during the week ending Sept. 6 to 3.55%, compared to 4.12% a year ago....
View ArticleMortgage Apps Rise
According to Mortgage Bankers Association’s (MBA) data, refinancings accounted for 83 percent of new mortgage business, up from 81 percent the week before, as mortgage applications rose five percent,...
View ArticleAverage 30-year FRM Rises
According to originationnews, for the week ending Dec. 20 Freddie Mac says the average rate for a 30 year fixed-rate mortgage (FRM) rose by five basis points to 3.37 percent while the average 15-year...
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