https://youtu.be/wRb2qK0RkDU There is no set definition about what is considered pre-qualified and what is…
Nebraska Mortgage Rates | January 7 2022
Weekly Rate Update
Rates fluctuate every day and are based on several factors. For an exact rate quote, submit your request HERE for a free evaluation.
PMMS 1/6/2022
The average 30-year fixed-rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior. This is the second week of mortgage rate increases after the 30-year fixed rate fell to 3.05% on Dec. 23 amid fears of the Omicron variant.
“Mortgage rate increased during the first week of 2022 to the highest level since May 2020 and are more than half a percent higher than January 2021,” Sam Khater, Freddie Mac’s chief economist said in a statement. “With higher inflation, promising economic growth, and a tight labor market, we expect rates will continue to rise. The impact of higher rates on purchase demand remains modest so far give the current first-time homebuyer growth.”
MBA 1/5/2022
Mortgage applications decreased 2.7% from two weeks earlier. The results include adjustments to account for the holidays. The holiday adjusted Refinance Index decreased 2% from two weeks ago and was 40% lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 4% from two weeks earlier.
“Mortgage rates continued to creep higher over the past two weeks, as markets maintained an optimistic view of the economy,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
The 30-year fixed-rate increased 6 basis points to 3.33%, the highest since April 2021, which drove a decrease in refinancing activity, Kan said.
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