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Opinion: The Fed broke the banks. What’s next for mortgage?

Housing Wire

Rate hikes have rocked the housing and mortgage markets What the data does clearly show is that rate hikes over the last 12 months have already rocked the housing and mortgage markets. In 2021, mortgage originations hit a record high of $4.4 trillion, and will fall to $1.87 trillion in 2023.

Banks 358
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Mortgage rates might soar even higher

Housing Wire

“Now the Fed has signaled that it will hike rates several more times this year and next year, so mortgage rates have plenty of room to go up even more.”. We do not see new construction returning in a meaningful way any time soon. “We do not see new construction returning in a meaningful way any time soon.

Mortgages 400
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Why industry experts don’t expect mortgage rates to fall

Housing Wire

Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement. The Fed’s short-term rate does not directly impact long-term mortgage rates, but it does steer market activity to create higher rates and reduce demand. .

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The strategy behind UWM’s multibillion dollar investment

Housing Wire

To improve liquidity, it chose to reduce its servicing portfolio, completing a sale of single-family mortgage loans worth $257.3 billion in unpaid principal balance, down 11% quarter over quarter. Homepoint Cash Compete helps buyers close an all-cash bid and the Homepoint New Build program connects builders with construction financing.

Equity 402
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Those Who Can’t Afford a Single-Family House Are Increasingly Turning to Build-To-Rent Communities

Realtor.com

Since starting in 2013, AHV manages nine communities in Colorado, Texas, and Washington, with six more under construction in Texas, Alabama, and California. The company is one of the first developers, builders, and operators of luxury, single-family, and attached home rentals.

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Top Ten: Discussion Points For The Fall Market! (Pt2)

Toronto Realty Blog

But let’s leave interest rates off the list, even though the Bank of Canada increased the overnight lending rate by 0.75% on Wednesday, because we knew that was going to happen. I want to talk about three things: trigger rates, variable vs. fixed spread, and alternative lenders.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

How else would you and your clients understand how much is being paid in principal and interest over the years? Annual percentage rate (APR). Clients may be confused about the difference between an interest rate on their mortgage loan and an APR. Construction loan. Got Clients With Interest Rate Questions?