Homebuying Activity Slips, Jumbo Loan Appetite Has Dropped
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. ticked down a (1) percent over the past week. And having ticked down…
Mortgage Rates Continue To Drop, Jumbos At A Small Premium
The average rate for a conforming 30-year mortgage has fallen for the third week in a row to 3.66 percent, the lowest rate since May 2013 when the rate averaged…
Lending Standards Loosening, More Jumbo ARMs In The Market
The availability of mortgage credit is increasing, driven by a rise in the number of jumbo Adjustable Rate Mortgage programs in the market, according to the Mortgage Bankers Association’s latest…
Discount For Going Big With A Jumbo Loan Has Disappeared
Having dropped to a six-month low last week, the average rate for a conforming 30-year mortgage has ticked down one more basis point to 4.20 percent, 38 basis points below…
Mortgage Rates Tick Down, Demand Remains Down As Well
The average rate for a conforming 30-year mortgage ticked down from 4.41 to 4.34 percent over the past week and is 24 basis points below the three-year high rate of…
Mortgage Rates Move Up As Expected
As expected, the average rate for a conforming 30-year mortgage ticked up from 4.32 to 4.40 percent over the past week. The current 30-year rate is within 18 basis points…
Fixed Mortgage Rates Tick Up, Jumbos Remain Relatively Cheap
The average rate for a conforming 30-year mortgage ticked up from 4.33 to 4.37 percent over the past week and is within 21 basis points of the 33-month high rate…
It’s Cheaper To Borrow More, Not Less, This Week
Having ticked down to 4.29 percent at the beginning of July, last week the average rate for a 30-year fixed mortgage ticked up to 4.51 percent for conforming loans on…
Loan Limits Set To Fall From $729,750 To $625,000 In San Francisco
As we reported two weeks ago: While industry groups furiously lobby, it’s now t-minus two weeks until the super/jumbo conforming loan limits that provide for federally backed mortgages up to…
More Mortgage “Mumbo” Jumbo: Serious Delinquencies Increase
“U.S. prime jumbo mortgages at least 60 days late backing securities reached 9.6 percent in January from 9.2 percent in December, the 32nd straight increase for “serious delinquencies”… share of…