Mortgage rates fall amid market uncertainty
Mortgage rates fall amid market uncertainty
Current volatility has contributed to slowdowns across the industry, with further reduced originations now predicted for the year.
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Current volatility has contributed to slowdowns across the industry, with further reduced originations now predicted for the year.
Current volatility has contributed to slowdowns across the industry, with further reduced originations now predicted for the year.
PMMS shows the 30-year fixed-rate mortgage is 5%.
PMMS shows the 30-year fixed-rate mortgage is 5%.
According to the MBA, refi applications fell 10% from the prior week and 62% from a year ago. Meanwhile, the seasonally adjustedย purchase indexย decreased 3.4% from the prior week and was down 9% year-over-year.
The post Mortgage applications fall amid low inventory, rising rates appeared first on HousingWire.
According to the MBA, refi applications fell 10% from the prior week and 62% from a year ago. Meanwhile, the seasonally adjustedย purchase indexย decreased 3.4% from the prior week and was down 9% year-over-year.
The post Mortgage applications fall amid low inventory, rising rates appeared first on HousingWire.
Analysis and Data
Freddie Mac: Mortgage Rates Jumped Last Week
Doug Page
Jul 14, 2022
30-year fixed mortgage moves up to 5.51%
In a possible signal of what might be coming, given that inflation is now 9.1%, the 30-year, fixed-rate mortgage jumped 5.51% last week, up from 5.3%, according to Freddie Macโs ...
Analysis and Data
Freddie Mac: Mortgage Rates Jumped Last Week
Doug Page
Jul 14, 2022
30-year fixed mortgage moves up to 5.51%
In a possible signal of what might be coming, given that inflation is now 9.1%, the 30-year, fixed-rate mortgage jumped 5.51% last week, up from 5.3%, according to Freddie Macโs ...
Analysis and Data
Freddie Mac: Mortgage Rates Inch Downward Again
David Krechevsky
Jun 02, 2022
Housing market is normalizing as summer approaches.
Mortgage rates continued to decline this week, but remain much higher than last year, according to the latest weekly survey released today by Freddie Mac.
Acc...
Analysis and Data
Freddie Mac: Mortgage Rates Inch Downward Again
David Krechevsky
Jun 02, 2022
Housing market is normalizing as summer approaches.
Mortgage rates continued to decline this week, but remain much higher than last year, according to the latest weekly survey released today by Freddie Mac.
Acc...
Purchase mortgage rates jumped 14 basis points reversing a three-week trend of declining rates, according to the latest Freddie Mac PMMS.
The post Purchase mortgage rates jump to 5.23% Freddie Mac PMMS shows appeared first on HousingWire.
Purchase mortgage rates jumped 14 basis points reversing a three-week trend of declining rates, according to the latest Freddie Mac PMMS.
The post Purchase mortgage rates jump to 5.23% Freddie Mac PMMS shows appeared first on HousingWire.
With the 30-year fixed-rate hovering above the 6% level again, thereโs no sign of a rebound in mortgage applications yet, despite a robust job market and growing housing inventory.
The post Mortgage demand continues to fall amid pressure on rates appeared first on HousingWire.
With the 30-year fixed-rate hovering above the 6% level again, thereโs no sign of a rebound in mortgage applications yet, despite a robust job market and growing housing inventory.
The post Mortgage demand continues to fall amid pressure on rates appeared first on HousingWire.
Pending home sales dropped 1.2% in March, according to the monthly index released by the National Association of Realtors.
The post โThe Spring Housing Market Is Off to an Unpredictable Startโ: Pending Home Sales Fall Amid Rising Mortgage Rates appeared first on Real Estate News & Insights | realtor.comยฎ.
Pending home sales dropped 1.2% in March, according to the monthly index released by the National Association of Realtors.
The post โThe Spring Housing Market Is Off to an Unpredictable Startโ: Pending Home Sales Fall Amid Rising Mortgage Rates appeared first on Real Estate News & Insights | realtor.comยฎ.
The U.S. 30-year fixed-rate mortgage averaged 5.78% for the week ending June 16,ย according to data released by Freddie Mac on Thursday. Thatโs up 55 basis points from the previous weekโone basis point is equal to one hundredth of a percentage point. The average rate on the 15-year fixed-rate mortgage rose 43bp over the past week to 4.81%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.33%, up 21bp from the prior week. โMortgage rates surged as the 30-year fixed-rat...
The U.S. 30-year fixed-rate mortgage averaged 5.78% for the week ending June 16,ย according to data released by Freddie Mac on Thursday. Thatโs up 55 basis points from the previous weekโone basis point is equal to one hundredth of a percentage point. The average rate on the 15-year fixed-rate mortgage rose 43bp over the past week to 4.81%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.33%, up 21bp from the prior week. โMortgage rates surged as the 30-year fixed-rat...
Average mortgage rates dropped under 5% for the first time since mid April over the past week, Freddie Mac reported, as markets and lenders adjust to a "new normal."The 30-year fixed-rate average fell 31 basis points to 4.99% for the weekly period ending August 4, according to Freddie Mac's Primary Mortgage Market Survey, continuing the trend of steep rises and falls that has seen it fluctuate between 3.22% and 5.81% this year. One week earlier, the 30-year average came in at 5.3%, having decre...
Average mortgage rates dropped under 5% for the first time since mid April over the past week, Freddie Mac reported, as markets and lenders adjust to a "new normal."The 30-year fixed-rate average fell 31 basis points to 4.99% for the weekly period ending August 4, according to Freddie Mac's Primary Mortgage Market Survey, continuing the trend of steep rises and falls that has seen it fluctuate between 3.22% and 5.81% this year. One week earlier, the 30-year average came in at 5.3%, having decre...