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Why higher rates aren’t crashing home prices

Housing Wire

In 2022 it was all about finding a point in time when I thought mortgage rates would fall, which was key to understanding how the purchase application data would react to lower mortgage rates. In 2022, mortgage rates got as high as 7.37%, so the question was: how low do rates have to go for housing demand to get better?

Mortgages 545
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Housing Market Tracker: Inventory is negative YOY

Housing Wire

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. However, I need to put some context into what happened in 2022.

Marketing 452
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Chase’s Keosha Burns to speak at engage summit June 17

Housing Wire

During her tenure Fannie Mae, Burns’ team won the In-House PR Team of the Year award from PR Week. Burns will join Jake Fehling, vice president of marketing at Movement Mortgage , to discuss how lenders can welcome new customers, clients and colleagues as they expand their reach. Not a member?

Lending 274
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Content specialist Neel Dhingra to speak at engage June 17

Housing Wire

Growing your personal brand is an important skill in a purchase market, which is why we’ve invited Neel Dhingra, a top producing manager at All Western Mortgage , to speak at HousingWire’s annual engage.marketing on June 17. Participants will walk away with immediately applicable skills that they can use in their day-to-day work.

Branding 239
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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Mortgages 452
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Federal Reserve Predicted to Cut Rates 6 Times in 2024, but Homebuyers May Not Want (Or Need) to Wait

Lighter Side of Real Estate

mortgage rates will come down. So the recent news that ING Economics predicts that The Federal Reserve will cut rates 6 times starting in the second quarter of 2024 is probably music to your ears! However, when The Federal Reserve raises or lowers rates, it doesn’t directly impact mortgages.

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Push button. Get CEO? What’s next for Rocket

Housing Wire

Jay Farner likes to tell a story about his early days at Rock Financial , which would become Quicken Loans and eventually Rocket Mortgage. It was 1996 and Dan Gilbert , the founder and CEO, announced that the company’s mortgage bankers weren’t going to meet with applicants face to face. With the Feb. 28 earnings call.

Loans 274