Mortgage credit availability remained unchanged in February and held near its lowest level in six years, the Mortgage Bankers Association reported this morning.
Tag: Joel Kan
MBA Chart of the Week Mar. 5 2021: FHFA Purchase-Only Index
The rate of U.S. home-price appreciation continues to be driven higher by a combination of strong demand for housing and record-low housing inventory for sale. The Federal Housing Finance Agency’s most recent release showed the fourth quarter saw annual home-price growth of 10.9 percent –the strongest annual change on record. The previous high was an increase of 10.7 percent in third quarter 2005.
MBA Chart of the Week Mar. 5 2021: FHFA Purchase-Only Index
The rate of U.S. home-price appreciation continues to be driven higher by a combination of strong demand for housing and record-low housing inventory for sale. The Federal Housing Finance Agency’s most recent release showed the fourth quarter saw annual home-price growth of 10.9 percent –the strongest annual change on record. The previous high was an increase of 10.7 percent in third quarter 2005.
MBA Weekly Survey Mar. 3: Rates Up; So Are Applications
Mortgage interest rates jumped sharply last week, and mortgage applications increased as well, as some home buyers sensed the possible end of a good thing, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending February 26.
MBA Weekly Survey Mar. 3: Rates Up; So Are Applications
Mortgage interest rates jumped sharply last week, and mortgage applications increased as well, as some home buyers sensed the possible end of a good thing, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending February 26.
MBA Chart of the Week: 10-Year Treasuries and 30-Year Fixed Rates
This week’s chart shows the recent climb in rates, and the spread between the 30-year mortgage rate, as surveyed by Freddie Mac, and the 10-year Treasury yield. As the 10-year has risen, so has the 30-year fixed rate, which has gone up 24 basis points since the beginning of February.
MBA Chart of the Week: 10-Year Treasuries and 30-Year Fixed Rates
This week’s chart shows the recent climb in rates, and the spread between the 30-year mortgage rate, as surveyed by Freddie Mac, and the 10-year Treasury yield. As the 10-year has risen, so has the 30-year fixed rate, which has gone up 24 basis points since the beginning of February.
January Pending Home Sales Down 2.8% Amid Inventory Dearth
Pending home sales took a step backward in January as inventory constraints continue to hold back prospective buyers, the National Association of Realtors reported yesterday.
MBA Weekly Applications Survey Feb. 24: Rates Jump; Snow Falls; Apps Stumble
Mortgage interest rates hit 3 percent for the first time in nearly six months and harsh weather across much of the country put a damper on mortgage application activity, the Mortgage Bankers Association reported Wednesday in its Weekly Applications Survey for the week ending Feb. 19.
MBA Weekly Applications Survey Feb. 24: Rates Jump; Snow Falls; Apps Stumble
Mortgage interest rates hit 3 percent for the first time in nearly six months and harsh weather across much of the country put a damper on mortgage application activity, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the week ending Feb. 19.