Housing Wire

FEBRUARY 15, 2024

Escrow accounts also frequently handle mortgage insurance payments as conventional loan borrowers with less than 20% equity in their homes are required to have mortgage insurance. Federal Housing Administration (FHA) borrowers must pay mortgage insurance for the life of their loan regardless of equity levels.

Fixed-rate mortgage 490

Fixed-rate mortgage Equity Mortgages Loans 490

Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. Inside Mortgage Finance reported that Santander residential production totaled $2.7 mortgage industry are in the past.

Banks 441

Banks Mortgages Fixed-rate mortgage Equity 441

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. homeowners.

Equity 396

Equity Fixed-rate mortgage Principal Mortgages 396

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. homeowners.

Equity 384

Equity Fixed-rate mortgage Principal Loans 384

Housing Wire

APRIL 22, 2021

A year after issuing its first Single-Family Green Mortgage Backed Security on Earth Day 2020, Fannie Mae has now completed 25 transactions for the program, totaling $167 million in bonds backed by mortgages on newly constructed, energy-efficient homes. but are well-established in Europe. Horton, Lennar Corp. and NVR Inc.

Fixed-rate mortgage 375

Fixed-rate mortgage Finance Investor Loans 375

Housing Wire

AUGUST 10, 2023

The grant funds can only be used toward the down payment on a Wells Fargo fixed-rate conventional loan secured by a property that will be the purchaser’s primary residence. Mortgage , and/or Closing Cost Credit. Wells Fargo’s mortgage originations reached $7.8

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years.

Fixed-rate mortgage 368

Fixed-rate mortgage Mortgages Loans Loan Officer 368

Housing Wire

JANUARY 4, 2023

That’s because costs for borrowers were higher, reflecting the mortgage market’s response to the Federal Reserve ‘s tightening monetary policy. The MBA estimates the 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58% for the week ending December 30 from 6.42% in the previous week.

Mortgages 526

Mortgages Fixed-rate mortgage Loans Equity 526

Housing Wire

SEPTEMBER 16, 2022

UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage. Rocket said that a homebuyer with a $400,000, 30-year fixed rate mortgage with 5.75% interest would generally pay about $2,334 in principal and interest.

Mortgages 397

Mortgages Seller concession Fixed-rate mortgage Loans 397

HomeLight

OCTOBER 30, 2023

According to FreddieMac, The 30-year fixed-rate mortgage is preferred by almost 90% of homebuyers due to its combination of affordability and flexibility, making it the top choice. So, selling your house with one mortgage still in repayment is the norm. Get Estimate What if you took out a second mortgage?

Equity 104

Equity Loans Mortgages Fixed-rate mortgage 104

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgages 397

Mortgages Equity Loans Seller concession 397

Housing Wire

OCTOBER 16, 2023

.” With that, Broeksmit rattled off a number of grievances against foes the Beltway. Mortgage rates On the day Broeksmit addressed the crowd in Philadelphia, mortgage rates were north of 7.7% on a standard 30-year fixed-rate mortgage.

Fixed-rate mortgage 409

Fixed-rate mortgage Banks Lending Mortgages 409

Housing Wire

JUNE 6, 2022

They will also work together to develop new products, such as a home equity line of credit (HELOC) and piggyback products. “We In early April, the company launched a cryptocurrency-backed 30-year fixed-rate mortgage product for borrowers to use bitcoin and/or ether as collateral. Per Crunchbase , Figure has raised $1.6

Fixed-rate mortgage 397

Fixed-rate mortgage Lending Technology Loans 397

Keeping Current Matters

FEBRUARY 4, 2021

In today’s housing market, there are clear financial benefits to owning a home: increasing equity , the chance to build your net worth , and appreciating home values, just to name a few. Personal finance advisor Dave Ramsey explains : “Every payment brings you closer to owning the house. You Won’t Always Have a Monthly Housing Payment.

Fixed-rate mortgage 277

Fixed-rate mortgage Equity Finance Mortgages 277

Housing Wire

JULY 26, 2023

Ahead of the Fed meeting, mortgage applications fell last week, recording the lowest index of purchase applications in over a month. On Tuesday afternoon, mortgage rates for 30-year fixed-rate mortgages were at 6.87%, according to HousingWire‘s Mortgage Rates Center.

Fixed-rate mortgage 370

Fixed-rate mortgage Investor Mortgages Banks 370

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Let's delve deeper into these topics to guide you towards an affordable home financing solution. Can you buy a house with bad credit?

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Housing Wire

DECEMBER 8, 2020

LIBOR is commonly used in setting the interest rate for many adjustable-rate consumer financial products and its end will affect adjustable and variable rate loans, reverse mortgages, credit cards, home equity loans, and adjustable-rate mortgages. How are lenders proceeding, then?

Fixed-rate mortgage 379

Fixed-rate mortgage Loans Mortgages Equity 379

Housing Wire

OCTOBER 13, 2022

Independent mortgage banks (IMBs) account for nearly 74% of agency mortgage originations, which is the bulk of the market, according to a recent report by the Urban Institute ’s Housing Finance Policy Center (HFPC). The firm specializes in asset-backed credit, whole loans and private equity.

Mortgages 369

Mortgages Marketing Banks Loans 369

Marco Santarelli

MARCH 30, 2024

Homebuyers' perceptions and expectations of future interest rate trends can significantly influence their decision to buy now or wait. Alternative Financing Options in a High-Interest Environment In a high-interest-rate environment , exploring alternative financing options becomes increasingly important.

Fixed-rate mortgage 111

Fixed-rate mortgage Finance Equity Mortgages 111

HomeLight

DECEMBER 27, 2023

Here, we explore five areas you can cover with a mortgage lender before putting your home on the market that will protect your best interests as a seller and give you a clear view of your current financial picture so you don’t regret the day you sold your house. Even with a fixed-rate mortgage, your total monthly payment can change.

Pre-approval 109

Pre-approval Mortgages Equity Principal 109

Housing Wire

APRIL 14, 2022

The whole industry is going to struggle with the transition from refi to a purchase market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire. That is why, so far, California-based nonbank mortgage lender Pennymac has been the leader in purchase originations, with $106.3

Mortgages 522

Mortgages Marketing Lending Loans 522

Redfin

DECEMBER 15, 2023

In 2020, interest rates took a sharp dive as the Federal Reserve sought to stave off economic collapse amid the pandemic. The resulting low rates sparked a surge in real estate transactions, with numerous homebuyers securing 30-year fixed-rate mortgages below 3%.

Fixed-rate mortgage 69

Fixed-rate mortgage Mortgages Title search Equity 69

HomeLight

JANUARY 23, 2023

In 2022 alone, the Federal Reserve raised interest rates seven times to try to bring inflation down. Meanwhile, Freddie Mac reports the average interest rate on a 30-year fixed-rate mortgage is 6.27% as of early 2023 — up 3.22 Forbes reports the average 30-year fixed refinance rate to be even higher at about 6.84%.

Mortgages 99

Mortgages Fixed-rate mortgage Equity Loans 99

Realtor.com

MARCH 12, 2021

First find the difference between your current mortgage rate and the potential savings of a refinance offer. The rate for a refi will vary based on the particular homeowner. Lenders consider credit history, income and home equity when evaluating applications. I have an adjustable-rate mortgage.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. Assess Your Finances As you might assume, a good place to begin is by assessing your finances. Let's take a closer look.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Lighter Side of Real Estate

MAY 17, 2023

By buying a house, you’re paying down the mortgage and gaining equity over the years. Your mortgage payment can stay more or less the same for 30 years when you own a house. But most people are good about making sure they keep a roof over their head by paying their monthly rent or mortgage.

Fixed-rate mortgage 83

Fixed-rate mortgage Equity Mortgages Finance 83

Realtor.com

JULY 5, 2021

More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices. Those lower monthly payments, instead of traditional 30-year fixed-rate mortgages, are proving to be a strong lure for buyers looking to afford a home in the white-hot housing market.

Mortgages 121

Mortgages Fixed-rate mortgage Principal Loans 121

Marco Santarelli

JULY 29, 2022

Bond yields and mortgage rates declined throughout these times. Most mortgage-market analysts predict rates will be choppy over the next few months but will settle above where they are now—with the 30-year fixed-rate mortgage just around 5 percent—for the next year or two.

Mortgages 111

Mortgages Fixed-rate mortgage Loans Investor 111

Realtor.com

APRIL 5, 2021

An ARM, also known as a variable-rate mortgage, is a loan that starts out at a fixed, predetermined interest rate that’s likely lower than what you would get with a comparable fixed-rate mortgage. In essence, you’ll be making mortgage payments, but you won’t be chipping away at your mortgage debt.

Loans 122

Loans Mortgages Principal Equity 122

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. There is a lot more inquiry for home equity line credit. People are afraid to give up that rate that has a three in front of their mortgage,” said Steinway. We are definitely seeing an uptick in demand.

Mortgages 458

Mortgages Fixed-rate mortgage Equity Loans 458

HomeLight

SEPTEMBER 30, 2020

A refinance is just another way of saying that you’re trading in your current mortgage loan for a new one. That said, if you want to refinance for a 15-year mortgage instead of a 30-year mortgage, or a custom length of time, many mortgage lenders can and will be flexible with your terms. Eliminating mortgage insurance.

Mortgages 98

Mortgages Fixed-rate mortgage Equity Loans 98

Housing Wire

FEBRUARY 10, 2021

Freddie Mac announced Wednesday the creation of new leadership roles in order to address equity in housing in single- and multifamily housing businesses. Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. Pamela Perry.

Equity 527

Equity Fixed-rate mortgage Investor Development 527

Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.86%.

Fixed-rate mortgage 473

Fixed-rate mortgage Mortgages Equity Lending 473

Windemere Selling

JUNE 13, 2022

Refinancing Your Home There are a few reasons why homeowners will typically refinance their mortgage, the most common of which being falling interest rates. Lower interest rates, after a reassessment of your mortgage, equate to lower monthly mortgage payments and significant savings over the life of the loan.

Debt-to-income ratio 52

Debt-to-income ratio Fixed-rate mortgage Loans Principal 52

Redfin

JULY 14, 2023

Building equity Owning a home provides a unique opportunity to build equity over time. Equity represents the difference between the market value of your property and the remaining balance on your mortgage. Whether you choose to rent or buy, the Birmingham area is an amazing place to call home.

Equity 55

Equity Fixed-rate mortgage Closing costs Inspection 55

Realtor.com

JULY 5, 2021

More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices. Those lower monthly payments, instead of traditional 30-year fixed-rate mortgages, are proving to be a strong lure for buyers looking to afford a home in the white-hot housing market.

Mortgages 56

Mortgages Fixed-rate mortgage Principal Loans 56

Housing Wire

SEPTEMBER 27, 2023

. “The higher interest rate environment had profound effects on the mortgage market in 2022, with borrowers paying much more in monthly payments,” CFPB Director Rohit Chopra said in a statement. “These trends are likely to continue given further increases in interest rates in 2023.”

Debt-to-income ratio 410

Debt-to-income ratio Mortgages Fixed-rate mortgage Equity 410