Mortgage News
Dec 26, 2019
Based on figures collected by MBA (Mortgage Bankers Association), the amount of mortgage loan applications has slowed down as of last week, with American major holidays on the horizon. However, the volume of new mortgage applications has increased from 2018, this time of year. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.82% (-0.02%)• 15-year (FRM) rates at 3.46% (-0.01%)• F...
Dec 24, 2019
Lower mortgage rates have helped to improve the number of ARM loans closed in October from 5% to 5.3% of all loans in November. While refinance loans fell by 2 points, down to 49% of all loans in November. ...
Dec 20, 2019
It's well known that today is the last day of trading for 2019, for all intents and purposes. Also, this week Mortgage rates were mostly flat; no movement this week, or last, worthy of changing the fact that October saw the first increases in mortgage rate in all of 2019. Jonathan Corr, President and CEO of Ellie Mae commented more to this fact, "Interest rates rose for the first time in 2019, and as expected we are seeing...
Dec 16, 2019
The U.S. and China announced, Friday, they had come to (somewhat of) an agreement on the trade war issue. However, there are still some details to be worked out plus the fact the agreement will not be signed until January, 2020. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.78% (-0.03%)• 15-year (FRM) rates at 3.43% (-0.03%)• FHA 30-year Fixed rates at 3.40% (-0.03%)&b...
Dec 11, 2019
After the last 2-weeks of consistent hikes in mortgage rates, the recession conversation is back on the table. Economists participating in the Secretary of Housing and Urban Development summit today, put the probability of that happening at 29%. NAR Chief Economist, Lawrence Yun shares "Real estate is on firm ground with little chance of price declines. However, in order for the market to be healthier, more supply is...
Dec 06, 2019
Friday mar...
Dec 04, 2019
On average, all mortgage rates continued to fall today. Tuesday, rates went from being the highest in two weeks, down close to the lowest in nearly two months...not yet topping Septembers’ lows. And we may not see that drop anytime soon, as analyst predict rates look likely to go up today. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.71% (-0.08%)• 15-year (FRM) rates at 3.39%...
Dec 02, 2019
Mortgage rates continued to increase, and rate sheets have concluded the same. However, rates are still at historical lows and these low rates continue to feed a surge in refinance mortgage originations. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.79% (+0.03%)• 15-year (FRM) rates at 3.45% (+0.04%)• FHA 30-year Fixed rates at 3.40% (+0.02%)• Jumb...
Nov 27, 2019
Mortgage rates have crept upwards through today, and the closing bell ahead of a major Market Mover holiday weekend. Month end November sees rates in the narrow range. Most lenders do not make rate sheet changes until the Monday after the Holiday. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.76% (+0.03%)• 15-year (FRM) rates at 3.41% (+0.01%)• FHA 30-year Fixed rates at 3.38...
Nov 26, 2019
New year brings in the new Conforming Loan Limits for the U.S. Market. The Federal Housing Finance Agency announced today, the max origination balance for loans purchased through Fannie and Freddie during 2020 will go up to $510,400, an increase of 5.378%. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.77% (+0.03%)• 15-year (FRM) rates at 3.42% (+0.02%)• FHA 30-year Fixed rates at 3...
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