Tag Archive for ‘mortgage bankers association’

Seriously Delinquent Loans Increase

The Mortgage Bankers Association’s (MBA) latest National Delinquency Survey, 2nd quarter of 2019 data, reveal state-level variation in the timeliness of mortgage payments. Overall, the “seriously delinquent” rate, i.e., the proportion of home mortgage loans that are 90+ days delinquent or in the process of foreclosure, remained unchanged at 2.0% from the previous quarter1. The number of loans, however, in… Read More ›

Refinancing Activity Buoyed by Federal Reserve Rate Cuts

The latest data from the Mortgage Bankers Association’s Weekly Application Survey show a strong reaction to the market among prospective homebuyers and those wishing to refinance their existing home loans. There are two main factors: The Federal Reserve’s cutting of interest rates and the ongoing trade war with China. The 30-year fixed-rate mortgage dropped by 15 basis points from the previous… Read More ›

Among Government-Backed Home Loans, USDA Loans’ Average Size Spike

The latest data from the Mortgage Bankers Association’s Weekly Applications Survey show a decrease of 2.4% in fixed-rate mortgage applications on a seasonally adjusted basis from one week earlier. Currently, fixed-rate mortgages account for about 95% of all mortgage activity, with the rest of mortgage applications being adjustable-rate mortgages. While through most of June, refinancing activity was experiencing highs that… Read More ›

Refinance Activity Surges on a Year-over-Year Basis

Data from the latest survey of the Mortgage Bankers Association’s Weekly Application Survey show small year-over-year gains in purchasing activity and larger year-over-year gains in refinancing activity. The Primary Market Mortgage Survey indicated no change in the 30-year fixed rate mortgage (FRM) from the previous week, at a non-seasonally adjusted rate of 3.8%. However, two weeks ago, the FRM decreased… Read More ›

Purchase Mortgages and Refinancing Slump Amid Trade Disputes

The Mortgage Bankers Association’s Weekly Application Survey’s latest survey cites the ongoing trade dispute with China as a source of worry for potential homeowners holding off home buying. As Treasury yields have fallen in the past few weeks, so too has the 30-year, fixed-rate mortgage (FRM). On a seasonally adjusted basis, refinancing activity fell by 6.0% from the previous week…. Read More ›

“Seriously Delinquent” Loans Decline

The quarterly National Delinquency Survey from the Mortgage Bankers Association shows a decline in the serious delinquency rate across all the categories of loans, continuing the downward trend that has persisted since the middle of the Great Recession. These categories of loans are Conventional loans, VA loans, and FHA-insured loans, for which the serious delinquency rates as of March 2019… Read More ›

Conventional Mortgages Outpace Government Mortgages for Purchase

The latest data from the Mortgage Bankers Association’s Weekly Application Survey for the week ending on April 19 show a decrease in purchasing and refinancing activities, with refinancing decreasing for the third consecutive week. On a seasonally adjusted basis, refinancing activity decreased by 11%. March showed a strong rally in purchasing activity, evidenced by the decrease in rates and increase… Read More ›

Refinancing Activity Soars Due to Rate Declines

Amid growing concerns about housing affordability, the latest data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey show a surge in home refinancing, a week-to-week increase of 39% on a seasonally adjusted basis. The increase is contemporaneous with the fourth consecutive week of mortgage rates’ declining. Despite the widespread decrease in mortgage rates, changes in purchasing activity (i.e.,… Read More ›