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

Mortgage rates inch up slightly from 3-year low

This week's rate remains 90 basis points below the same week last year

The average U.S. fixed rate for a 30-year mortgage inched up to 3.47% this week, reversing course from last week’s 3-year low of 3.45%.

Although this week’s rate is just two basis points above the previous week’s rate, it is still 90 basis points below the 4.37% of the same week last year, according to Freddie Mac.

Sam Khater, Freddie Mac’s chief economist, said mortgage rates continue to hover near historic lows, which is providing a boost to housing and mortgage demand.

“With mortgage rates hovering near a five-decade low, refinance application activity is once again surging, rising to the highest level in seven years,” said Khater. “This surge coupled with strong purchase activity means that total mortgage demand remains robust, reflective of a solid economic backdrop and a very low mortgage rate environment.”

According to the survey, the 15-year FRM averaged 2.97% this week, holding steady from last week’s rate. This time last year, the 15-year FRM came in at 3.81%.

The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.28% this week, sliding from last week’s rate of 3.32%. Last year, the 5-year ARM averaged 3.88%.

The image below highlights this week’s changes:

Most Popular Articles

FHFA extends forbearance period to 18 months

In an effort to protect homeowners, the FHFA extended forbearance coverage to 18 months and pushed the eviction and foreclosure moratorium to June 30.

Feb 25, 2021 By

Latest Articles

How lenders can prepare for growing fraud threats

HousingWire recently spoke with Jeffrey Morelli, general manager at Truework, about what lenders can do to prepare for and overcome the growing threat of fraud and data inaccuracy.

Feb 26, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please