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Homehome loan

home loan

Home Loan
Loan Markets

Mortgage Rates Fall to 6.35% as Home Loan Applications Pick Up

May 12, 2023 Mark Paul Cervantes Comments Off on Mortgage Rates Fall to 6.35% as Home Loan Applications Pick Up

The rate on a popular type of home loan declined this week as mortgage applications continued to climb. The average 30-year mortgage rate was 6.35% as of Thursday, according to Freddie Mac ’s weekly primary mortgage market survey. […]

Housing Wire

Home loan demand increases despite higher mortgage rates

April 26, 2023 Mark Paul Cervantes Comments Off on Home loan demand increases despite higher mortgage rates

Higher mortgage rates did not scare away potential homeowners last week. Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. “There are still so many borrowers […]

home loan
Loan Markets

Fierce home loan competition – most customers refinance with other banks

March 21, 2023 Mark Paul Cervantes Comments Off on Fierce home loan competition – most customers refinance with other banks

Analysis provided to a Senate inquiry by the Australian Banking Association reveals that 70% of bank customers whose fixed mortgage rates expired in the past six months have refinanced with another bank. The trend is […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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