Items Tagged with 'Mortgage'

ARTICLES

  • Freddie Mac: Mortgage rates hit 7-year high

    Coastal markets see price deceleration
    Mortgage rates have now reached a seven-year high, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the strength of the economy, strong business activity and employment growth are responsible for the climb.
    Read More
  • Freddie Mac: Mortgage rates dip slightly

    Entry-level inventory shortage bigger deterrence than mortgage rates
    Mortgage rates dipped slightly this week according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said despite higher mortgage rates, the monthly mortgage payment remains affordable.
    Read More
  • Moody’s: Mortgage lending is getting riskier and that’s a problem

    “The five C’s of credit” are relaxing
    For the most part, new mortgages are solid, especially considering the high credit scores; improved documentation and appraisal practices; and few loans with variable payments — regulatory restrictions on loan officer compensation arrangements would also help prevent riskier lending, Moody's claims. But...
    Read More
  • Freddie Mac: Mortgage rates slightly increase

    Rates are expected to rise, put downward pressure on purchasing activity
    Mortgage rates reversed course this week, rising slightly across the board, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said While higher borrowing costs will keep some people out of the market, buyers with more flexibility could take advantage of the decreased competition.
    Read More
  • Freddie Mac: Mortgage rates slightly retreat

    A strong economy is expected to sustain demand
    After weeks of continual increases, mortgage rates finally slowed down, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the modest decline in mortgage rates is a welcome respite from the rapid increase in rates the last few weeks.
    Read More
  • Wells Fargo mortgage originations tumble amid rising interest rates

    Mortgage banking income on the rise, despite declining originations
    As interest rates have risen over the last several months, mortgage originations appear to be trending down, especially in the refinance space. Wells Fargo reported Friday that it originated $46 billion in mortgages in the third quarter, which is down 22% from last year’s total of $59 billion during the same time period.
    Read More
  • 6 Questions with 6 HUD Executives, Ep. 3: FHA Commissioner Brian Montgomery

    In this exclusive interview, Montgomery discusses tech development at HUD and more
    Brian Montgomery's role as FHA commissioner is a far cry from back when he thought he’d become a geologist, before housing “got into [his] blood,” as he tells HousingWire Editor-in-Chief Jacob Gaffney in our latest, exclusive podcast series: 6 Questions for 6 HUD Executives.
    Read More
  • MBA: Mortgage applications press forward

    Average contract interest rate for 5/1 ARMs reaches a record high
    Mortgage applications rose 2.9% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 21, 2018. Notably, interest rates for 30-year fixed-rate mortgages reached another record high.
    Read More