Mortgage Rates, Terms and Financing

Market Share of Adjustable vs. Fixed Rate Mortgages

Data comparing the market share of Adjustable and Fixed Rate mortgages. Includes monthly breakdowns and annual averages from 1983-2008.

2001-2008 Data

Combined 1983-2005 Data

1992-2000 Data

1983-1991 Data

Poll

Are current mortgage underwriting standards too tough?

Yes, they don’t reflect current market conditions and need to be adjusted to allow borrowers with below 700 FICO scores and smaller downpayments to qualify for mortgages.
Yes, and something needs to be done to significantly reduce repurchase or buyback risk so that lenders don’t apply even tougher underwriting overlays.
No, the standards are appropriate given current risks and the major default problems the mortgage market has experienced over the past several years.

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Housing Pulse