‘Blue wave’ in Georgia runoffs would change mortgage rate outlook
Rates could be 50 basis points steeper than the MBA’s current projections, which anticipate the 30-year mortgage will average 3.3% next year, up from nearly 3% this year.
Mortgage rates
Mortgage rates rise on positive news about a vaccine
Mortgage rates moved off of their all-time low this week as a result of reports that Pfizer's coronavirus vaccine was potentially 90% effective, according to Freddie Mac.
Mortgage rates hit record low as election roils market, forecasts vary
Mortgage rates are currently the lowest in the history of Freddie Mac’s survey, but sharp differences of opinion persist on whether that will make this a $4-trillion year or not.
Home prices surge to 6-year high, but declines are predicted for 2021
With a dearth of inventory, September generated the largest price growth in the housing market since May 2014, according to CoreLogic.
Mortgage rates down a percentage point from five years ago
Mortgage rates fell this week to another record low, and are now over a full percentage point below where they were five years ago, according to Freddie Mac.
Purchase volume to hit record highs over the next 3 years: MBA
But an expected drop in refinancings as mortgage rates rise should more than cancel that out, resulting in declining overall volume through 2023.
Mortgage applications dip, but low rates keep buyer demand strong
Mortgage applications decreased 0.6% from one week earlier, although a slight drop in purchase volume belied the fact that consumers are taking advantage of the current rate environment, according to the Mortgage Bankers Association.
Mortgage rates hit another all-time low, but will consumers benefit?
Just a week after commenting that the bottom on mortgage rates was possibly reached, Freddie Mac reported that they fell 6 basis points to another record low.
Mortgage application activity slows, but buyer demand to stay robust
Mortgage applications decreased 0.7% from one week earlier, but lending activity should continue strong for the remainder of the year as rates stay low, according to the Mortgage Bankers Association.
Mortgage rates leveling out, perhaps signaling an end to declines
Mortgage rates remained flat this week, a sign that the bottom has possibly been reached, but the housing market looks to remain strong for the near future, according to Freddie Mac.
Downshift expected for 2021, as home prices spike in August: CoreLogic
Low mortgage rates and strained supply drove the housing market price growth to a 26-month high in August, according to CoreLogic.
Mortgage rates remain under 3% despite positive economic news
Mortgage rates fell back toward their all-time low this week, increasing purchasing power for homebuyers. But the lack of homes for sale drives up prices and reduces affordability, according to Freddie Mac.
Mortgage rates tick up, but there is room to move lower
Mortgage rates experienced a marginal uptick this week, rising three basis points. But they remained near record lows and possibly soon could track down again, according to Freddie Mac.
Mortgage applications increase as purchase activity jumps
Mortgage applications increased 6.8% from one week earlier as this summer's surprise purchase demand has carried over to the fall, according to the Mortgage Bankers Association.
Housing starts fall more than forecast on multifamily drop
Home starts fell more than forecast in August, reflecting less construction of apartments and a decline in the tropical storm-hit South, representing a pause in momentum for a housing market that's been a key source of fuel for the economy.
Mortgage rates hold steady, remain near all-time low
Mortgage rates remained relatively flat, rising a single basis point off of last week's record low, according to Freddie Mac.
Mortgage originations set for a record year, Fannie Mae predicts
Low rates, along with increased new and existing home sales activity drives the latest forecast.
Ginnie Mae issuance breaks a record for the second month in a row
Also the Federal Housing Administration, which is a key contributor of government-insured loans to Ginnie securitizations, recently set new conditions on mortgage applicants that have been in forbearance.
Non-qualified mortgages are coming back, but with tighter guidelines
The new reality for investors and originators accounts for forbearances and ability-to-repay.
Prepayment rate hits 16-year high as serious delinquencies spike
As interest rates tumbled throughout July, prepayments climbed to the highest monthly rate since 2004, but 90-days-or-more delinquencies were on the rise from June, according to Black Knight.
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