Total mortgage applications rose 4.7% last week. The Mortgage Bankers Association's report showed a 9% weekly jump in applications to refinance.
Total mortgage applications rose 4.7 percent last week, driven by applications to refinance.
From Matthew Graham at Mortgage News Daily: Mortgage Rates Steady to Higher, Depending on LenderMortgage rates were distinctly mixed today, with some lenders clearly moving higher while others were effectively unchanged [30YR FIXED - 4.0%]. Show More Summary
While mortgage payment delinquencies are generally down across the country, they were explainably up in states hit by Hurricanes Irma and Harvey, resulting in a slightly raised annual delinquency rate, according to the October 2017 Black Knight Mortgage Monitor. ...
Rates are rising with a flood of mortgage renewals coming up. Does that mean it's time to lock in? The post Higher rates could spell comeback for five-year mortgages appeared first on Macleans.ca.
The Market Composite Index decreased 3.1 percent on a seasonally adjusted basis from one week earlier, with purchase loans down two percent and refinances falling eight percent. The average contract interest rate for 30-year fixed-rate mortgages remained unchanged from the week prior at 4.20 percent.READ MORE www.metrointel.com
From Matthew Graham at Mortgage News Daily: Mortgage Rates Hit 1-Month HighsMortgage rates actually continued higher today at the same quicker pace seen yesterday. Due to the relatively narrow range during November, rates are now in line with their highest levels in more than a month whereas they were at 2-week lows just 2 days ago. Show More Summary
The limits for Fannie Mae and Freddie Mac loans will rise for a second straight year in 2018, meaning lower rates for bigger mortgages.
Fannie Mae reported that the Single-Family Serious Delinquency rate was unchanged at 1.01% in October, from 1.01% in September. The serious delinquency rate is down from 1.21% in October 2016.These are mortgage loans that are "three monthly payments or more past due or in foreclosure". Show More Summary
Applications to refinance a home loan led the way down, falling 8 percent last week.
Freddie Mac reported that the Single-Family serious delinquency rate in October was at 0.86%, unchanged from 0.86% in September. Freddie's rate is down from 1.03% in October 2016.Freddie's serious delinquency rate peaked in February 2010 at 4.20%. Show More Summary
According to recent data, mortgage rates rose slightly this year, but are now essentially back to where they started a year ago. The average 30-year fixed rate reached 3.95% with an average 0.5 point. Two weeks ago, it was at 3.90% and at 3.94% a year ago. The 15-year fixed rate average also increased. It […]
From Matthew Graham at Mortgage News Daily: Mortgage Rates Flat as Markets Get Back to BusinessMortgage rates were almost perfectly unchanged today as markets returned to full force following the extended Thanksgiving break [30YR FIXED - 4.0%]. Show More Summary
The Market Composite Index increased by 0.1 percent on a seasonally adjusted basis from one week earlier, with purchase loans rising 5.0 percent and refinances declining the same amount. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 4.20 percent.READ MORE www.metrointel.com
Big changes could be coming for the nation’s tax code, from revised income tax brackets and a cap on the deduction for mortgage interest payments to a new tax rate for small-business owners. Wondering how those changes could affect your family? The Times is wondering the same thing — and we need...
Mortgage applications to purchase a home rose 5 percent last week, the Mortgage Bankers Association says.
A new survey has shown retirement prospects for huge numbers of Britons are poor due to ever increasing costs, low returns on savings and increases in mortgage rates. The study, commissioned by a leading financial giant, gives scant hope of a comfortable retirement for British citizens on average wages, as it shows thereâ??s not enough... Expats Blog -
From Black Knight: Black Knight’s First Look at October 2017 Mortgage Data: National Delinquency Rate Sees Second Consecutive Annual Rise as Impact from Hurricanes Continues • October’s 4BPS increase in the national delinquency rateShow More Summary
From the MBA: Delinquencies Up in MBA’s National Delinquency Survey for Q3 2017The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.88 percent of all loans outstanding at the end of the third quarter of 2017. Show More Summary