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Tag Archives: interest

Refi Volumes Decline at the GSEs

As mortgage rates rose, the refinance volume at Fannie and Freddie decreased in the first quarter according to an FHFA report. How did the decline impact HARP loans?

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Survey Says: Rates Going Up

December saw a bump in interest rates. A national survey found that mortgage interest rates and loan amounts both went up at the end of 2017. Could January continue this trend?

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Interest Rates Fall in March

According to the Federal Housing Administration on Thursday, interest rates on conventional purchase-money mortgages decreased nationally from February to March. As interest rates dropped, prices have been on the rise, as shown in the FHFA’s last House Price Index for February, which released on Tuesday. House prices rose an average of 6.4 percent that month year-over -year, and up 0.6 percent month-over-month.

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The Week in Mortgage Rates

This week, Freddie Mac, The Mortgage Bankers Association (MBA), and the Federal Housing Finance Agency (FHFA) released reports on the state of the mortgage rates. According to Freddie Mac, mortgage rates are still in a decline. The 30-year fixed mortgage rate fell nine basis points this week, another week-over-week decline. But despite the fluctuations in rates, new home sales still managed to exceed expectations jumping 6.1 percent in February to 592,000.

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