Mortgage rates remain low but Fed news signals trend reversal
Foreign investment helped offset a slowing domestic recovery, causing few ripples for the week, but economists expect future taper of bond purchases to lead to upward movement.
Mortgage rates
Mortgage rates show little movement as investors remain cautious
COVID-19 concerns, inflation hold back actions that might change current patterns.
Mortgage rates rise slightly following disappointing jobs report
Effects of major economic announcements this summer have had little impact on the lending market, with averages remaining under 3% since July.
Mortgage rates unchanged for the week, despite tapering announcement
The 30-year average has remained below 3% for two months.
Mortgage rates remain flat, while investors await taper announcement
Increasing COVID-19 numbers offset promising economic figures, resulting in minimal changes.
Mortgage rates stay in holding pattern, impacted by COVID, retail data
Meanwhile, investors await word from the central bank regarding monetary policy, as limited housing supply continues to drive prices upward.
Rising interest rates contribute to mortgage volume drop
But average loan sizes remain near record highs, with summer purchases of new constructions continuing to drive up prices.
Low mortgage rates blunt shift to purchase market — for now
An equal split of refinance and purchase rate locks occurred during July, helped by elimination of the adverse market fee, Black Knight said.
Buyers and sellers grew pessimistic about the housing market in July
Tight inventory and heightened competition kept prime purchasers at bay as property values continued their summer surge, according to Fannie Mae.
Purchase applications drop to lowest level in over a year
Such applications have declined on an annual basis for the past three months, but overall weekly numbers increased due to a jump in refinances amid plummeting rates.
Mortgage volume drops again after a one-week surge
Despite lower numbers, refi applications continued trending strongly, while purchases fell close to lows from more than a year ago.
Freddie Mac raises origination outlook even as purchase demand softens
The GSE forecasts $4 trillion in production this year because refinance activity is stronger than expected.
June’s mortgage lending activity rebounds after two atypical months
Boosts in purchases and cash-out refinances drove the summer turnaround, according to Black Knight.
Mortgage volume climbs for second week, despite interest rate spikes
Increases in refinances, both in applications and average size, help lead overall numbers higher
Mortgage volumes rise again boosted by both purchases and refinances
A spike in government-sponsored applications helped lead indexes to their largest gains in several weeks.
Mortgage lending activity hit 13-month low in May
Changed borrower psychology and the severe housing inventory shortage dropped lending activity across the board, according to Black Knight.
Signs the hot housing market might be on the verge of cooling off
Home prices grew at a record annual pace in April but indicators of a possible slowdown popped up in May, Redfin noted.
Mortgage volume rises on refinancing gains, even as rates go up
Average loan size also continues to increase, as demand remains high and costs in homebuilding materials rise this year.
Housing supply shortage will restrict growth into 2022: Fannie Mae
Economic recovery should soar into the summer as vaccination rates climb and restrictions loosen up, but low inventory is likely to limit mortgage activity into the next year, according to Fannie Mae.
Up to $20 billion in investor home loans heading for private market
With little transitional disruption, the bigger players on the non-agency side could gain a hefty share of non-owner-occupied mortgage volume as a result of Fannie Mae and Freddie Mac’s caps on such purchases, a KBRA analysis finds.
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