What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Mortgage

MBA: Mortgage apps surge after the new year

Refinance apps up 11%

Mortgage applications surged 8.3% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 5, 2017.

On an unadjusted basis, the index increased a full 46% from last week.

The Refinance Index increased 11% from two weeks ago. The Purchase Index also increased, rising 5% from two weeks ago.

The refinance share of mortgage activity increased to 52.9% of total applications, up from 52% the week before.

The adjustable-rate mortgage share of activity decreased to 5% of total applications, down from 5.3% last week.

The Federal Housing Administration’s share of applications increased from 10.8% last week to 11.1% this week, and the Veterans Affairs' share of applications remained unchanged at 11.4%.

The Department of Agriculture’s share of total applications decreased from last week’s 0.8% to 0.7%.

The MBA reported mortgage interest rates for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) increased from last week’s 4.22% to 4.23%.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $424,100) increased to 4.16% from 4.14% last week.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 4.16%, down from last week’s 4.17%.

The average contract interest rate for 15-year fixed-rate mortgages increased to 3.66% from 3.64%.

Lastly, the average contract interest rate for 5/1 ARMs decreased to 3.5%, down from 3.53%.

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