Eye On Housing
In the fourth quarter of 2021, the Federal Reserve’s Board’s Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices showed easing lending standards for Commercial Real Estate (CRE) loans, increased demand for multifamily loans, and moderately reduced demand for home loans (Residential Real Estate, RRE). In Q4 2021, multifamily loans’ demand, on net, was 37.7 percent stronger. However, only… Read More ›
For the fifth straight month, information compiled by Freddie Mac shows that mortgage rates continued to fall. As of April 2019, the 30-year FRM – Commitment rate, fell by thirteen basis points to 4.14 percent from 4.27 percent in March. The cycle peak was 4.87 percent in November. The Federal Housing Finance Agency reported that the contract rate for newly-built… Read More ›
For the fourth straight month, information compiled by Freddie Mac shows that mortgage rates continued to fall in March 2019. The 30-year FRM – Commitment rate, fell by ten basis points to 4.27 percent from 4.37 percent in February. The cycle peak was 4.87 percent in November. The Federal Housing Finance Agency reported that the contract rate for newly-built homes,… Read More ›
For the third straight month, information compiled by Freddie Mac shows that mortgage rates continued to fall in February 2019. The 30-year FRM – Commitment rate, fell by nine basis points to 4.37 percent from 4.46 percent in January. The cycle peak was 4.87 percent in November. The Federal Housing Finance Agency reported that the contract rate for newly-built homes,… Read More ›
For the second straight month, information compiled by Freddie Mac shows that mortgage rates continued to fall in January 2019. The 30-year FRM – Commitment rate, fell by another 17 basis points to 4.46 percent from 4.64 percent in December. The cycle peak was 4.87 percent in November. The Federal Housing Finance Agency reported that the contract rate for newly-built… Read More ›
As has been discussed, information compiled by Freddie Mac shows that mortgage rates reversed coursed in December. The 30-year FRM – Commitment rate, which had been increasing since August, fell by 23 basis points to 4.64 percent from 4.87 percent in November. The Federal Housing Finance Agency reported that the contract rate for newly-built homes, inched up two basis points… Read More ›
Information compiled by Freddie Mac shows that mortgage rates continued to increase in the fall. The 30-year FRM – Commitment rate, inched up by four basis points to 4.87 percent from 4.83 percent in October. With the November increase, the 30-year FRM – Commitment rate, was at the highest level since February 2011. As a result of rising home costs,… Read More ›
Information compiled by Freddie Mac shows that mortgage rates are continuing to increase after a slight slowdown in the summer months. The 30-year FRM – Commitment rate, inched up considerably by 20 basis points to 4.83 percent from 4.63 percent in September. The October increase of the 30-year FRM – Commitment rate, is the highest level since the beginning of… Read More ›
Information compiled by Freddie Mac shows that mortgage rates are continuing to increase after a slight slowdown in the summer months. The 30-year FRM – Commitment rate, inched up by eight basis points to 4.63 percent from 4.55 percent in August. The September increase of the 30-year FRM – Commitment rate, is at its peak level since the beginning of… Read More ›
The Federal Housing Finance Agency reported that mortgage rates on purchases of newly built homes (MIRS) rose by three basis points over the month of August 2018 to 4.63 percent, marking the tenth consecutive monthly increase. The FHFA contract rate for newly-built homes, also inched up one basis points to 4.63 percent in August. Information compiled by Freddie Mac suggests… Read More ›