The Demand For Home Loans Increases Again

According to the Mortgage Bankers Association (MBA), the number of mortgage applications rose recently. This is partly due to the recent lowering of housing interest rates.  Because of loan relief there was a 5.5% increase in mortgage application activity for the week ending on September 13th and 11.2% the week before.

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More on April Home Sales

The Wall Street Journal is also reporting big gains for the new-home sales market during the month of April. Demand for new inventory for new and older homes, and low interest rates have more potential home buyers looking to buy in.

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15-Year Mortgage Rates See New Lows

There was some good news concerning interest rates last month. According to Freddie Mac, 15 year fixed rate mortgages were at an all time low at 2.61%. The 5 year adjustable rate was at its lowest levels during the same period at 2.58%. This was the fourth week in a row where mortgage rates were lowered. Here are some more national average mortgage rates for the week which ended on April 25th:

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MBA: April Sees Rise In Mortgage Applications

New information from the Mortgage Bankers Association (MBA) shows that the week ending on April 19th saw a rise in mortgage applications. According to the MBA, there was 0.2% growth from the week before. The MBA Weekly Mortgage Applications Survey, the source of this information, indicates more growth in the housing sector in the near future to meet demand.

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Mortgage Delinquency and Foreclosure Rates Both Down in 2012

The Mortgage Bankers Association (MBA) is reporting a decrease in the delinquency rate of mortgages to the lowest levels since 2008. Delinquency rates were down to 7.51% for the 4th quarter. Loans where foreclosure has started were down to 0.7% in the 4th quarter, the lowest rate since the 2nd quarter of 2007. Loans in the foreclosure process were down to 3.74%, the lowest it has been since the 4th quarter of 2008.

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Mortgage Rates Stay Steady in December

According to Freddie Mac’s Primary Mortgage Market Survey, mortgage rates were at near historic lows in late December. Here are some of the numbers from the survey:

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Mortgage Rates In December Were The Lowest In Years

The week ending on December 12th saw a 6.2% rise in mortgage applications from the previous week. Historically low interest rates are the main reason for such a strong showing. The Mortgage Bankers Association (MBA), also credits end of the year refinancing for these all time low rates. 30-year fixed-rate mortgages with conforming loan balances, 30-year fixed-rate mortgages backed by the FHA, and 15-year fixed-rate mortgages were all at their lowest points since the MBA has kept track of these numbers.

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Mortgage Rates At Near Record Lows

Several mortgage rates are at nearly the lowest levels the U.S. housing market has seen. Freddie Mac’s Primary Mortgage Market Survey shows that 30 and 15 year fixed-rate mortgages are down. The 30-year fixed-rate mortgage has decreased to 3.37% from 3.39% the week before. 15-year fixed-rate mortgages are down to 2.66% from 2.70% a week before.

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Home Builder Confidence Rises

For the past four months home builder confidence has risen. According to the National Association of Home Builders/Wells Fargo Housing Market Index, home builder confidence has not been this high since February of 2007. Building permits also increased by 6.8%, which makes it the highest level since August of 2008. Many credit continuing low rates for mortgages that have stayed well below 4.0% for both 15 and 30 year fixed rates. Rates are remaining low and steady creating incentives for new buyers to enter the market.

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Record Low Mortgage Rates For 2nd Week In July

The second week in July saw a continuing rise is mortgage applications. The Mortgage Bankers Association’s Weekly Applications Survey showed a 16.9% increase from just a week before. This is partly due to record low mortgage rates. Some of the following mortgage rates are represented below:

  • 30 year fixed rate mortgages with conforming loan balances fell to 3.74% from 3.79%
  • 30 year fixed rate mortgages with jumbo loan balances fell to 3.98% from 4.05%
  • 30 year fixed rate mortgages backed by the FHA fell to 3.55% from 3.63%
  • 15 year fixed rate mortgages fell to 3.12% from 3.15%
  • All were the lowest numbers since being recorded by the Mortgage Bankers Association
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