Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

Mortgages 450

Mortgages Marketing Banks Closing 450

Housing Wire

AUGUST 4, 2023

Mortgage rates are finally headed lower after a crazy week of jobs data showing that the economy isn’t going into recession. From BLS : Total nonfarm payroll employment rose by 187,000 in July, and the unemployment rate changed little at 3.5 As you can see in the chart below, the job growth rate is slowing, as it should.

Mortgages 370

Mortgages Staging As-is Closing 370

Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? The economic data was OK last week. Weekly inventory increased by 1,734.

Banks 384

Banks Marketing Mortgages As-is 384

Housing Wire

DECEMBER 2, 2022

The entire economic landscape, including mortgage rates, has changed this week, starting with the Fed’s talking points on Wednesday. We now have a better idea of what the Federal Reserve wants to do with their Fed rate hikes, and we have a lot of data that shows that the economy will look different 12 months from now.

Marketing 515

Marketing Mortgages As-is Staging 515

Housing Wire

APRIL 25, 2023

This article is part of our ongoing 2023 Housing Market Forecast series. The Federal Reserve ’s ongoing war against inflation remains a source of uncertainty for interest rates and for broader financial markets. Although rates have ebbed from over 7% earlier this year to below 6.5%

Short sale 384

Short sale Staging Mortgages Banks 384

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Now that mortgage rates have risen, demand is getting hit, while we are still showing 14.8%

Purchase and sale agreement 540

Purchase and sale agreement Marketing Sales Mortgages 540

Housing Wire

NOVEMBER 18, 2022

Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. Presented by: ServiceLink.

Industrial 421

Industrial Loan Officer Loans Lending 421

Housing Wire

MAY 3, 2022

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. Logan Mohtashami: Yes, purchase application data has always been a useful forward looking indicator for housing, especially when we are dealing with higher mortgage rates.

Marketing 421

Marketing Mortgages Sales As-is 421

Housing Wire

NOVEMBER 9, 2022

In the summer of 2020, I talked about how the housing market would change, but it needed the 10-year yield to break over 1.94%, which roughly means 4% plus mortgage rates. Wednesday’s purchase application data was up 1% from week to week. Purchase application data is now below 2008 levels! The data looks correct.

Mortgages 496

Mortgages Sales As-is Marketing 496

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. As mortgage rates rose more and more, the October to January data was going to show big negative prints.

Days on market 473

Days on market Marketing Sales Mortgages 473

Housing Wire

APRIL 12, 2023

The Consumer Price Index data released Wednesday showed again that the breakaway 1970s-style inflation is not happening, even with an expanding economy and an unemployment rate under 4%. Pivoting doesn’t mean they’ll cut rates, it just means they’ll change their language describing the economy.

Mortgages 441

Mortgages Marketing As-is 441

Housing Wire

NOVEMBER 15, 2021

Better.com is struggling to deal with the waning influence of refis in the mortgage market, with preliminary results published by their SPAC partner revealing that the digital lender expects a net loss between $85 million and $100 million in the third quarter. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis.

Sales 515

Sales Mortgages Industrial As-is 515

Housing Wire

MAY 5, 2022

This article is part of our housing market update series. And these low vacancies have caused rental rates to accelerate at an unprecedented pace, with asking prices soaring 17% year-over-year according to RealPage , making homeownership more economical in many markets across the country. To register for the HW+ event, go here.

Marketing 370

Marketing FHA loan Loans Sales 370

Housing Wire

NOVEMBER 29, 2021

Who is crazy enough to write an American economic recovery model on April 7, 2020, and try to explain to people why housing isn’t going to crash due to demographics, good credit profiles and low mortgage rates? Last week, I wrote about how the existing home sales markets outperformed my peak sales range in the past two sales reports.

Sales 530

Sales Investor Title Mortgages 530

Housing Wire

DECEMBER 14, 2020

On April 7, in an article for HousingWire , I proposed an economic model that showed what needed to happen for us to proclaim that “America is Back.” 9, in another article for my blog , I made the case that the economic conditions for the AB model had been met. What a crazy year we have all been through.

Sales 545

Sales Mortgages Lending As-is 545

Housing Wire

FEBRUARY 21, 2023

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 381

Loans Mortgages Branding Lending 381

Housing Wire

DECEMBER 16, 2021

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 458

Mortgages Marketing Industrial Equity 458

Housing Wire

MARCH 31, 2022

The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. since the 2012 lows and that is the magnitude of decline we would need to see to justify using the term “housing bubble.” Are we headed to a housing bubble? Housing Bubble. I disagree with this conclusion.

Bankruptcy 530

Bankruptcy Lending Mortgages Title 530

Housing Wire

JULY 19, 2022

Adjusting to today’s market can be dizzying after the last few years of historically low interest rates and high refinance business. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Notable trends in a new era of sales.

Industrial 421

Industrial Mortgages Loan Officer Technology 421

Realty Biz

AUGUST 11, 2023

Mortgage demand in the United States has been in near-constant flux since the US Federal Reserve began raising interest rates in early 2022 to fight off inflation. Now, new reports emerging that demand has yet again dropped off due to rate hikes. for the week ending August 5th. in June from a year earlier.

Mortgages 76

Mortgages Fixed-rate mortgage Sales As-is 76

Calculated Risk Real Estate

DECEMBER 13, 2023

A key question I discussed in July is Will house prices decline further later this year? 30-Year Mortgage Rates Have Declined, but Remain Above 7% The following graph from MortgageNewsDaily.com shows mortgage rates since January 1, 2010. YoY and mortgage rates at 7.09%, would be $2,792 - an increase of 13%.

Marketing 108

Marketing Principal Mortgages Real-estate owned 108

Housing Wire

FEBRUARY 8, 2021

Not the forbearance plans themselves, which allowed mortgage holders to delay their payments for many months, but the fact that 2.72 Demographics plus low mortgage rates serve as the one-two punch that knocked out COVID-19. In 2021, a lingering symptom of the economic sickness we suffered in 2020 is forbearance.

Marketing 544

Marketing Equity Loans Mortgages 544

Keeping Current Matters

NOVEMBER 23, 2021

The forbearance program is coming to an end and mortgage rates are beginning to rise. Even Rick Sharga, an Executive Vice President of the firm that issued the report referenced in the above article, says : “As expected, now that the moratorium has been over for three months, foreclosure activity continues to increase.

Mortgages 227

Mortgages Sales Marketing Loans 227

Toronto Realty Blog

APRIL 29, 2024

My mortgage is up for renewal in November of 2024. I closed on my current home in August of 2018 and at the time I had a variable rate. But the funny thing about variable versus fixed rates is that they can fluctuate and the gap between them can expand or contract. Where In The World Are Those Rate Cuts?

Fixed-rate mortgage 70

Fixed-rate mortgage Banks Lending Mortgages 70

Housing Wire

OCTOBER 8, 2021

This week’s HW+ member spotlight features Jeff Walker, CEO and co-founder at CredEvolv. Below, Walker answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article? Jeff Walker: The lack of access to credit for mortgage consumers.

Industrial 369

Industrial Mortgages Sales As-is 369

Calculated Risk Real Estate

DECEMBER 29, 2023

Six years ago, in January 2018, I was quoted in a Bloomberg article that included a bearish outlook for housing. And the sharp decline in inventory during the pandemic (green arrow) was an indicator that price appreciation would increase. from the same week in 2019. This data is courtesy of Altos Research.

Mortgages 77

Mortgages Construction As-is Loans 77

McKissock

MARCH 11, 2022

After a week of declines, mortgage rates are back on the rise. “This week marks the two-year anniversary of the coronavirus pandemic, which the World Health Organization officially declared a pandemic on March 11, 2020.” Mortgage rates have returned to pre-pandemic levels after hitting a record low.

Fixed-rate mortgage 79

Fixed-rate mortgage Marketing Mortgages Design 79

Real Trends

OCTOBER 28, 2022

All four major regions recording month-over-month and year-over-year declines in transactions, with the South taking the biggest hit. In a statement, Yun noted that new home listings are down compared to one year ago since many homeowners are unwilling to give up the rock-bottom, 3% mortgage rates that they locked in prior to this year.

Sales 74

Sales Fixed-rate mortgage Mortgages Loans 74

Toronto Realty Blog

JANUARY 11, 2024

Let me throw some skin in the game here: my mortgage comes due in November of 2024. Let me throw some skin in the game here: my mortgage comes due in November of 2024. It’s been at the back of my mind since the spring of 2022 when interest rates started increasing, but it’s not something that I think about every day.

Fixed-rate mortgage 73

Fixed-rate mortgage Banks Mortgages Construction 73

Toronto Realty Blog

JUNE 2, 2023

TorontoRealtyBlog Do you remember a twelve-month period where we talked about interest rates any more than we have since this time last year? I’ve been around for almost two decades and I’ve seen just about everything when it comes to interest rates. In July of 1980, the Bank of Canada overnight rate was 9.93%.

Banks 71

Banks As-is Marketing Mortgages 71

Toronto Realty Blog

NOVEMBER 10, 2023

I don’t have statistics on this (chime in if you’re in the mortgage field), but I would guess that an overwhelming majority of borrowers in Canada elect to take a 25-year amortization period. At a rate of, say, 4.99%, your monthly payment would be $1,386.50.

Mortgages 78

Mortgages Principal Banks Loans 78

Broke Agent Media

MAY 12, 2023

This week on The Knowledge Brokers Podcast, Byron Lazine, Tom Toole, and Lisa Chinatti start the conversation with a BAM article on Lawrence Yun, Chief Economist for the National Association of REALTORS®, eviscerating the Fed for going too far with the rate hikes. They also offered some tips for agents working with buyers.

Construction 52

Construction Banks Mortgages Agents 52

Toronto Realty Blog

AUGUST 14, 2023

In fact, this was confirmed in multiple articles: Youmans confirmed he declined a $3 million offer and chose to auction the ball “after weeks of a lot of deep conversations” with his wife, sports reporter Bri Amaranthus, and his attorney. I think you might heard of it? Imagine that? Some people, it seems, do not.

Fixed-rate mortgage 71

Fixed-rate mortgage Banks Mortgages As-is 71

Broke Agent Media

APRIL 7, 2023

This week on the Knowledge Brokers Podcast , Byron Lazine, Tom Toole, and Lisa Chinatti start the conversation with an Inman contributor’s response to Byron’s and Lisa’s comments on a February article she wrote: “ I’m an agent.

Mortgages 52

Mortgages Agents Marketing 52

Broke Agent Media

MARCH 17, 2023

For this week’s Knowledge Brokers Podcast , Byron Lazine and Tom Toole discuss, first of all, declining mortgage rates in the wake of the bank collapse and, adjacent to that, the upcoming FOMC meeting and why the Fed should keep the interest rate flat for now.

Banks 52

Banks Investor Mortgages Agents 52

Marco Santarelli

APRIL 20, 2023

For prospective homebuyers and current homeowners, keeping a close eye on mortgage rates is crucial in determining when to make a move in the housing market. After five consecutive weeks of increases, the 30-year, fixed-rate mortgage averaged 6.39% for the week ending April 20, up from 6.27% the week prior, according to Freddie Mac.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Closing 52

Housing Wire

JANUARY 2, 2023

This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. Then those rates fell 1.25% , which changed the demand data, only to rise again in a short timeframe. The 10-year yield shows where mortgage rates will go.

Marketing 458

Marketing Mortgages Sales As-is 458