Home >> Tag Archives: Adjustable-Rate Mortgage (page 17)

Tag Archives: Adjustable-Rate Mortgage

Mortgage Applications Tick Up 0.6% on Low Rates

application

Mortgage application volume crept up from last week, with refinancing activity leaping ahead of purchases, according to a weekly survey by the Mortgage Bankers Association. Stacks of applications around the nation thickened by less than 1 percent from the previous week, largely as a result of climbing mortgage rates. The Weekly Mortgage Applications Survey, a measure of total application volume by the trade group, pulled together several indices that reflect volume.

Read More »

Mortgage Rates Smash New Records on Europe Debt Fears

A rush by overseas investors to the safe haven of U.S. Treasury debt helped whittle away at yields and force mortgage rates to all-time lows, a short-term boon to creditworthy homebuyers. With the 30-year benchmark loan smashing new records, analysts for mortgage giant Freddie Mac and finance Web site Bankrate.com chalked up the favorable rates to a wobbly Greece and unsettled concerns over euro zone markets. Bankrate.com and Freddie Mac report the latest mortgage rates each week.

Read More »

Mortgage Applications Jump to Seasonal 6.3%

Mortgage application volume jumped from the previous week by 6.3 percent, reflecting the highly attractive plunge by interest rates to record lows, according to the Mortgage Bankers Association. Even so, the good news comes amid a fall in home valuations and cash buyer interest, which Capital Economics says will likely depress sales activity across the housing market. Frank Nothaft, VP and chief economist for Freddie Mac, spoke to MReport about the forces behind anemic demand for home purchases at the Five Star Conference and Expo in Dallas.

Read More »

New Lows Visit 30-Year and 15-Year Mortgage Rates

application

With refinancing activity continuing a backslide, the number of homebuyers filing mortgage applications waxed over last week, falling by 4.9 percent on a seasonally adjusted basis, according to a weekly survey by the Mortgage Bankers Association. The trade group recorded new lows for 30-year and 15-year loan contract interest rates. According to the MBA's Market Composite Index, a yardstick for mortgage loan applications nationally, numbers declined by a seasonally unadjusted 5.3 percent.

Read More »

Mortgage Rates Offer More Mixed News

Mortgage rates either stayed the same or plunged to record lows, depending on where market watchers obtained their news Thursday. Mortgage giant Freddie Mac and personal finance Web site Bankrate.com released separate figures, with the former seeing a static 30-year fixed-rate mortgage and the latter finding a new bottom for the benchmark loan. The 30-year loan went bottoms up, according to Bankrate.com, which posted a 4.37-percent low, down from 4.41 percent from the week earlier.

Read More »

Mortgage Applications Hit 15-Year Bottom Despite Low Rates

Cresting on low tides in credit supply and buyer confidence, fewer first-time and repeat homebuyers filed mortgage applications last week, according to a weekly survey released by the Mortgage Bankers Association Wednesday. The MBA said that overall mortgage loan application volume dropped 2.4 percent, with purchases slamming into a 15-year low. The Market Composite Index, which the MBA uses to gauge loan application activity, showed a seasonally adjusted squeeze in loan volume.

Read More »

Mortgage Applications Spike, Continuing Trends

Mortgage applications jumped by 4.1 percent this week, up from one week earlier, reflecting rock bottom for 15-year fixed-rate loans and unsure homebuyers still eager to refinance. Meanwhile, home purchases fell, according to a weekly survey made public by the Mortgage Bankers Association. Good for mortgage rates, the low numbers persist in driving few homebuyers back to a jumpy and uncertain market. Contract rates for 15-year loans fell hit rock bottom for the first time in the history of the survey.

Read More »

Freddie: Refinancing Homeowners Prefer Fixed-Rate Loans

More homeowners and mortgage borrowers who chose to refinance their loans opted for the fixed-rate loan instead of adjustable-rate mortgages over the second quarter this year, according to a Freddie Mac quarterly report released Monday. The GSE held that some 37 percent of borrowers refinancing their mortgages moved forward with 15- and 20-year loans. Refinancing borrowers nodded toward these fixed-rate loans in increasing numbers, according to the report.

Read More »