Best automation opportunities for loan processing

Join our expert panelists to learn how lenders can achieve their goals using the integration of intelligent document automation and RPA technology.

4 Strategies to Strengthen Customer Relationships

Discover the right strategies to execute fast-acting campaigns, track results and improve your bottom line – all while strengthening customer relationships.

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

Freddie Mac: Mortgage rates hold steady for third consecutive week

30-year fixed-rate mortgage stays at 4.45%

Mortgage rates held their ground for the third week in a row, according to the latest Freddie Mac Primary Mortgage Market Survey.

According to the survey, the 30-year fixed-rate mortgage averaged 4.45% for the week ending Jan. 24, 2019, remaining unchanged from last week’s percentage. Once again, this is still a significant increase from last year’s rate of 4.15%.

“Mortgage rates have stabilized during the last month and are essentially at the same level as last spring – yet the most recent home sales are roughly half a million lower over the same period,” Freddie Mac Chief Economist Sam Khater said. “Given that the economy remains on solid footing and weekly mortgage purchase application activity has been strong so far in 2019, we expect the decline in home sales to moderate or even reverse over the next couple of months.”

 (Click to enlarge)

Freddie Mac - Jan 24

The 15-year FRM averaged 3.88% this week, holding steady from last week’s average. Notably, this time last year, the 15-year FRM was 3.62%.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.9%, moving forward from 3.87% the week before. The rate remains higher than this time in 2018 when it averaged 3.52%.

Most Popular Articles

Chopra warns of post-COVID housing market fallout

Rohit Chopra warned of housing market fallout and said he would focus on helping struggling homeowners at his Senate Confirmation hearing.

Mar 03, 2021 By

Latest Articles

CFPB delays QM compliance date to October 2022

The Consumer Financial Protection Bureau released a notice of proposed rulemaking on Tuesday to delay the mandatory compliance date of the Qualified Mortgage final rule from July 1, 2021 to October 1, 2022.

Mar 04, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please