Tag Archive for ‘home mortgage’

Mortgage Rates Fall Back in March

Information compiled by Freddie Mac shows that mortgage rates decreased on a monthly basis. As of end of March, the 30-year FRM – Commitment rate, declined by two basis points to 3.45 percent from 3.47 percent in February. The cycle peak was 4.87 percent in 2018 November. Given the market volatility due to the rapidly spreading Coronavirus COVID-19, the Federal… Read More ›

Uncertainty Looms in the Mortgage Market

The Mortgage Bankers Association’s latest Weekly Application Survey shows a 15.3% seasonally adjusted rise in loan application volume from the previous week. The Refinance index increased 25.5% from the previous week and was 168% higher than it was the same week one year ago. The Purchase Index decreased 10.8% from one week earlier. The MBA notes that buyer and seller… Read More ›

Mortgage Rates Fall Back in February

Information compiled by Freddie Mac shows that mortgage rates decreased on a month-over-month basis. As of end of February, the 30-year FRM – Commitment rate, declined by 16 basis points to 3.47 percent from 3.62 percent in January. The cycle peak was 4.87 percent in 2018 November. Given the recent market volatility, the Federal Reserve cut the benchmark interest rate… Read More ›

Mortgage Rates Continue to Increase in December

For the third consecutive month, information compiled by Freddie Mac shows that mortgage rates increased slightly on a year-over-year basis. As of end of December 2019, the 30-year FRM – Commitment rate, increased by two basis points to 3.72 percent from 3.70 percent in November. The cycle peak was 4.87 percent in 2018 November. The Federal Reserve maintained the benchmark… Read More ›

Slight Increase in the 30-Year Mortgage Rate in November

For the second consecutive month, information compiled by Freddie Mac shows that mortgage rates increased slightly on a year-over-year basis. As of end of November 2019, the 30-year FRM – Commitment rate, increased by one basis points to 3.70 percent from 3.69 percent in October. The cycle peak was 4.87 percent in November. The Federal Reserve maintained the benchmark interest… Read More ›

Mortgage Activity Posts Solid Year-over-Year Gains

The Mortgage Bankers’ Association’s latest Weekly Application Survey, for the week ending September 27, 2019, showed sharp increases in the year-over-year gains in purchasing and refinancing activity of all mortgages, of 9.6% and 132.9%, respectively (seasonally adjusted). Throughout most of the current year since mid-March, refinancing activity on a year-over-year basis has been particularly strong this year, holding steady from… Read More ›

Mortgage Refinancing Activity Dips But Still Strong

In the most recent wave of mortgage activity for the week ending September 6, 2019, the Mortgage Bankers Association’s latest Weekly Application Survey showed a continuing decline in interest rates, notably, the 30-year fixed rate mortgage to 3.49% on a non-seasonally adjusted basis. The Market Composite Index, which measures mortgage loan application volume, increased 2% on a seasonally adjusted basis… Read More ›