Housing Wire
FEBRUARY 23, 2025
Could the loss of jobs in the government sector and the withdrawal of funding from the economy significantly increase the unemployment rate and a surge in jobless claims? If this happens, will we see lower mortgage rates this spring? Currently, with the economic data available, the 10-year yield and Fed policy align reasonably well.
Housing Wire
FEBRUARY 3, 2025
The combined cost of mortgages, taxes and insurance now takes up a larger share of household income than it has since the early 1980s, according to an affordability index from John Burns Research & Consulting. Strickland said that 75% of the loans she closed last year were government loans, adding that all of them were purchase money.
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Housing Wire
MARCH 5, 2025
Mortgage applications increased 20.4% from one week earlier on a seasonally adjusted basis as buyers pounced on lower rates , according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending Feb. ” The refinance share of mortgage activity increased to 43.8%
Housing Wire
MARCH 12, 2025
Mortgage applications increased 11.2% on a seasonally adjusted basis from last week, according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending March 7, 2025. Government purchase applications experienced an 11% increase helped by the FHA rate dropping to 6.34%.
Housing Wire
MARCH 7, 2025
This gives us a glimpse of what may happen over the next 10 months for mortgage rates, especially since, since Jan. However, there is a limit to the downside on mortgage rates until the labor market breaks, or we get more than 1% rate cuts from the Fed. Federal government employment declined.
Housing Wire
NOVEMBER 15, 2024
The statement was enough to raise mortgage rates to an even higher level, a sharp departure from the optimism lenders experienced during the September rally, which now seems like a distant memory. “We At Mortgage News Daily , rates were at 7.02% on Thursday afternoon. We are moving policy over time to a more neutral setting.
Housing Wire
OCTOBER 30, 2024
A 60 basis point increase in mortgage rates in October has strangled mortgage demand, particularly for refinancings , according to the latest survey data from the Mortgage Bankers Association. Mortgage applications overall decreased 0.1% The refinance share of mortgage activity decreased to 43.1% the previous week.
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