Housing Wire
AUGUST 17, 2022
Demand for mortgage loans declined to the lowest level since 2000 last week due to affordability challenges and uncertainties regarding the U.S. decline from the previous week and fell 82% from the same week in 2021 to its lowest level since November 2000, driven by a 6% drop in conventional refi applications. for the week ending Aug.
Housing Wire
JUNE 14, 2024
The second occurred in October 2023 when mortgage rates peaked at their highest point since 2000. of listings had been on the market for at least 30 days without going under contract, up from 60% one year ago and 50% two years ago. year over year. Last month, 61.9% in May 2022.
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Housing Wire
SEPTEMBER 27, 2023
The 30-year fixed mortgage rate increased to 7.41%, the highest rate since December 2000, and the 30-year fixed jumbo mortgage rate increased to 7.34%, the highest rate in the history of the jumbo rate series dating back to 2011,” said Joel Kan, MBA ’s vice president and deputy chief economist. from 11% the week prior. Lastly, the U.S.
Housing Wire
AUGUST 30, 2023
percent – the highest since December 2000. The average contract interest rate for 5/1 ARMs fell to 6.48% from 6.50% a week prior. For the week that ended Aug. 25, mortgage applications picked up 2.3% Department of Veteran Affairs loans’ share remained unchanged at 11.6%. Lastly, the U.S. a week prior.
Housing Wire
NOVEMBER 21, 2022
As of October, more than 80% of existing borrowers had mortgages at least 200 basis points lower than the current market rates, and more than 90% had mortgages at least 100 bps lower — the largest share since at least 2000, the government-sponsored enterprise said. . Existing home sales dropped for nine consecutive months, falling 5.9%
Housing Wire
NOVEMBER 9, 2022
The refinance index dropped 4% from the previous week, hitting its lowest level since August 2000. The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) rose to 7.14% from the previous week’s 7.06%. over the last 12 months.
Housing Wire
JULY 20, 2022
Mortgage applications declined for the third week in a row, reaching the lowest level since 2000,” Joel Kan, associate vice president of economic and industry forecasting at MBA. The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) rose to 5.82%, from the previous week’s 5.74%.
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