Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. by the end of 2021, and likely dropping below 4% by the end of 2022. Source: MBA’s National Delinquency Survey.

Mortgages 480

Mortgages Loans VA loan Investor 480

Housing Wire

DECEMBER 31, 2020

After falling to the lowest rate in Freddie Mac’s Primary Mortgage Market Survey’s near 50-year-history last week, the average U.S. mortgage rate for a 30-year fixed loan remained at a survey-low 2.67% this week. 3, and was the first time the survey reported rates below 2.7%. “All by the end of 2021.

Mortgages 446

Mortgages Loans Investor Fixed-rate mortgage 446

Housing Wire

OCTOBER 17, 2022

Nearly two-thirds of builders surveyed reported a year-over-year decrease in sales in September, according to the BTIG/HomeSphere State of the Industry Report published on Monday. At 63%, this is the largest share of builders to experience an annual decrease in sales in the survey’s 59-month history.

Sales 357

Sales Industrial As-is Mortgages 357

Housing Wire

SEPTEMBER 23, 2021

trillion in equity in the second quarter of 2021, a 29.3% Meanwhile the Chicago- Naperville-Arlington Heights metro area had the largest share of negative equity for homeowners in Q2 2021, at 5.2%. As compared to the first quarter of 2021, the total number of mortgaged homes in negative equity in quarter two decreased by 12% to 1.2

Equity 545

Equity Residential Mortgages As-is 545

Housing Wire

DECEMBER 7, 2021

million between October of 2020 and October 2021. of renters missed, delayed, or made a reduced payment in October 2021, compared to 9.6% According to the survey results, renters were roughly three times more likely than homeowners to miss payments. million to 5.43 The data shows that 10.9% in September and 7.9% Meanwhile, 3.8%

Mortgages 434

Mortgages Marketing 434

Housing Wire

SEPTEMBER 14, 2022

It was also down 64% compared to the same week in 2021. . decline from the previous week and fell 83% from the same week in 2021. Meanwhile, according to the MBA, the purchase index was down 0.15% from the previous week and decreased 28% from the same week in 2021. The survey, conducted weekly since 1990, covers 75% of all U.S.

Mortgages 363

Mortgages Fixed-rate mortgage Loans Residential 363

Housing Wire

JULY 29, 2022

As mortgage origination volume continues to fall from the heights of the pandemic-spurred boom, many lenders see cost-cutting as their top priority this year. Cuts were being made in back-office staff (71%), general and administrative expenses (66%) and loan officers (19%), according to the survey.

Mortgages 380

Mortgages Loan Officer Lending Banks 380

Housing Wire

AUGUST 13, 2023

As you can see in the chart below, 2023 has had a clear divergence versus 2021 and 2022 data, which were already at all-time lows before last year. So, when rates fall, moving the needle higher for purchase apps won’t take much. What I am looking for in housing data is what the builder survey indicates for the next six months.

Mortgages 366

Mortgages Sales As-is Marketing 366

Housing Wire

SEPTEMBER 7, 2022

compared to the same week in 2021. from the same week in 2021. Meanwhile, the refinance index declined 1% from the previous week and fell 83% from the same week in 2021. The survey, conducted weekly since 1990, covers 75% of all U.S. The market composite index, a measure of mortgage loan application volume, fell 0.8%

Mortgages 406

Mortgages Fixed-rate mortgage Loans Residential 406

Housing Wire

JANUARY 5, 2022

from two weeks earlier, according to the Mortgage Bankers Association survey for the week ending Dec. The 30-year fixed rate increased 6 basis points to 3.33%, the highest since April 2021, which drove a decrease in refinance activity, Kan said. in last week of 2021 appeared first on HousingWire.

Fixed-rate mortgage 397

Fixed-rate mortgage Mortgages Loans Industrial 397

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The survey also indicates a large dispersion in rates, meaning that homebuyers can save hundreds of dollars by shopping around with different lenders.

Mortgages 454

Mortgages Fixed-rate mortgage Loans Loan Officer 454

Housing Wire

SEPTEMBER 23, 2022

Although manufacturers continued to register a slight fall in production, service providers signaled a much slower pace of decline in output.”. PMI is based on a survey of some 800 companies in the manufacturing and services sectors. The S&P Global U.S. MCT projected Friday morning, Sept.

Mortgages 369

Mortgages Industrial As-is Marketing 369

Housing Wire

SEPTEMBER 29, 2021

compared to the previous week, showed the survey published today. “Mortgage rates in response rose across all loan types, with the benchmark 30-year fixed rate reaching its highest level since early July 2021,” he said. ” MBA’s survey noted that the refi share of mortgage activity increased to 66.4%

Fixed-rate mortgage 384

Fixed-rate mortgage Mortgages Loans Industrial 384

Housing Wire

DECEMBER 3, 2020

mortgage rate for a 30-year fixed loan fell one basis point this week to 2.71%, Freddie Mac said in a report on Thursday – the lowest rate in the survey’s near 50-year history. Into the final month of the year, economists are predicting low rates to hold out, but what 2021 will look like for the rate market is still up for debate.

Mortgages 501

Mortgages FHA loan Loans Finance 501

Housing Wire

NOVEMBER 23, 2022

Compared to the same week in 2021, however, the index fell 67.8%. Mortgage rates, which were trending up with the Federal Reserve’s interest rate hike, started to fall following lower-than-expected consumer price growth in October. in comparison with the same period in 2021. increase in the previous week.

As-is 395

As-is Mortgages Fixed-rate mortgage Loans 395

Housing Wire

JULY 13, 2023

from a year ago, the smallest annual increase since March 2021. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.96% as of July 13, up from last week ’s 6.81%. And rates could remain above 6.5%

Mortgages 352

Mortgages Closing MLS Loans 352

Housing Wire

NOVEMBER 24, 2021

For most of 2021, mortgage rates have stayed within half a percentage point, which is a smaller range than in past years.”. The survey focuses on conventional, conforming, and fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. Refis are projected to fall 62% to $860 billion next year.

Mortgages 430

Mortgages Fixed-rate mortgage Loans Industrial 430

Housing Wire

DECEMBER 30, 2020

Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion. Here’s a detailed month-by-month analysis of what caused mortgage rates to fall so dramatically, and how it affected virtually every sector within the housing market. Quite the opposite. People freaked out!

Mortgages 545

Mortgages Loans VA loan Investor 545

Housing Wire

JULY 20, 2022

The refinance index dipped 4% from the previous week, falling to a 22-year low, and the purchase index decreased 7%. million units in June, marking a nine-month low since September 2021, according to the U.S. The survey, conducted weekly since 1990, covers 75% of all U.S. for the week ending July 15, the MBA said.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Residential 370

Housing Wire

OCTOBER 21, 2021

21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. Refinances are forecast to fall 14% to $860 billion in 2022, and economists at the Mortgage Bankers Association have predicted that mortgage rates will climb to 4% by the end of next year. 15, according to the most recent MBA survey.

Fixed-rate mortgage 444

Fixed-rate mortgage Mortgages Banks Development 444

Housing Wire

MAY 10, 2021

The downward trend of borrowers in forbearance picked up speed in the last week of April, falling 11 basis points to 4.36% of servicers’ portfolio volume, according to the Mortgage Bankers Association. Of the cumulative forbearance exits for the period from June 1, 2020, through May 2, 2021, 25.3%

Mortgages 394

Mortgages Loans Banks Investor 394

Housing Wire

NOVEMBER 29, 2022

compared to the same week in 2021. Mortgage rates, which have been trending up with the Federal Reserve ‘s interest rate hike, started falling following a lower-than-expected consumer price growth in October. The survey, conducted weekly since 1990, covers 75% of all U.S. for the week ending November 25 after rising 2.2%

Mortgages 360

Mortgages Fixed-rate mortgage Loans Residential 360

Housing Wire

OCTOBER 12, 2022

The company says wire transfers are often costly, lack “meaningful” reconciliation data and fall prey to payment fraud. Proceeds are issued through a combination of legacy check and wire payments, according to a statement from Payload.

Title search 372

Title search Title Closing Land 372

Housing Wire

AUGUST 31, 2022

compared to the same week in 2021. Markets reacted by falling sharply on Friday morning. from the same week in 2021. from the previous week and decreased 23% from the same week in 2021. The survey, conducted weekly since 1990, covers 75% of all U.S. for the week ending Aug. It was also down 63.8%

Mortgages 369

Mortgages Fixed-rate mortgage Loans Residential 369

Housing Wire

FEBRUARY 17, 2021

12, after falling 4.1% Since hitting a survey low in December, the 30-year fixed rate has slowly risen, and last week climbed to its highest level since November 2020,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. Mortgage applications dropped 5.1% for the week ending Feb. the week prior.

Fixed-rate mortgage 430

Fixed-rate mortgage Mortgages Loans Industrial 430

Housing Wire

AUGUST 27, 2020

Economists surveyed by Trading Economics said they expect the rate to fall to 10% from 10.2%. “We forecast the unemployment rate will remain elevated through the end of the year but will fall below 9.0 “We forecast the unemployment rate will remain elevated through the end of the year but will fall below 9.0

As-is 344

As-is Marketing 344

Housing Wire

MARCH 29, 2021

Servicers’ forbearance portfolio volume fell nine basis points last week to 4.96%, according to a survey from the Mortgage Bankers Association. Next week’s data should be informative, given both HUD and the FHFA pushed expirations to the end of September 2021 for the first round of forbearance seekers.

Loans 509

Loans Investor Mortgages As-is 509

Housing Wire

AUGUST 10, 2022

The market index is down 62% compared to the same week in 2021. The refi index fell 82% from the same week in 2021 and the purchase index was down 18.6%, according to the MBA. Leading up to the Fed’s July meeting, rates were on a roller coaster shooting back up to 5.50% in mid-July after falling to 5.3% earlier that month.

Mortgages 351

Mortgages Fixed-rate mortgage Loans Residential 351

Housing Wire

FEBRUARY 15, 2023

The latest Mortgage Bankers Association (MBA) survey showed that mortgage loan application volume declined 7.7% posted in December and the smallest year-over-year since October 2021. Expectations that high inflation may persist for longer than previously projected put pressure on mortgage rates last week. for the week ending Feb.

Mortgages 376

Mortgages Fixed-rate mortgage Loans MLS 376

Housing Wire

FEBRUARY 2, 2022

What was extraordinary about Marshall’s observations is that, by most measurements, Pulte Group enjoyed a sterling 2021. billion in 2021 net income, a 38% leap from $1.41 The positive financial figures came on the backs of Pulte Group reporting 28,294 closings in 2021, up 15% from one year earlier. billion in 2020. in December.

Investor 322

Investor Construction Closing Sales 322

Housing Wire

JULY 28, 2022

Purchase mortgage rates declined this week to average 5.30%, down from last week’s 5.54%, according to the latest PMMS survey from Freddie Mac. Sales of newly built homes fell more than 8% in June from the prior month and were 17% lower than June 2021, according to the U.S. Census Bureau. The product averaged 2.45% a year ago.

Mortgages 383

Mortgages Fixed-rate mortgage Lending Sales 383

Housing Wire

MAY 6, 2022

After May, total volumes fall. This data line has been negative year over year since June 2021. Sales trends always fall when rates rise, as we can see below. This data line is trend survey data. Then the bond market will sniff this out and send bond yields lower, which means mortgage rates will fall.

Sales 343

Sales Mortgages Construction Marketing 343

Keeping Current Matters

MAY 25, 2021

As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. While we expect fall to be competitive, this year’s seasonal pattern is likely to be more normal, with homes selling fastest from roughly now until mid-summer.”. realtor.com. “. realtor.com. “.

Marketing 250

Marketing Mortgages Industrial As-is 250

Housing Wire

AUGUST 27, 2021

Cinch Home Services surveyed over 1,000 homeowners and renters to figure out how important updates are in the homebuying process. According to 2021 research , the average cost to remodel a kitchen was around $75,000. that falls under “capital improvements.” Take major kitchen remodels, for example. Renovations Can Be Beneficial.

Renovation 427

Renovation Equity Loans Closing 427

Housing Wire

MAY 7, 2023

However, one thing is for sure, housing is not going to crash due to large-scale panic-selling — a scare tactic of late 2021 that didn’t work then or now. New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023. economy, which is key at this expansion stage.

Marketing 487

Marketing Banks Mortgages Loan Officer 487

Housing Wire

AUGUST 25, 2021

Lower rates led to an increase in refinance applications, with government loan applications jumping 10 percent to the highest level since May 2021.” The MBA survey found that the average interest rate for a 30-year-fixed-rate mortgage with jumbo balances — greater than $548,250 — decreased to 3.13% from 3.19% the week prior.

Fixed-rate mortgage 395

Fixed-rate mortgage Mortgages Loans Investor 395

Housing Wire

SEPTEMBER 22, 2021

The increase in application activity is quite different from the MBA’s survey published in early September , which saw application volume decline by 1.9%, dragged down in part by low refi activity and unexpectedly low purchase volume. He added, “Housing demand is strong heading into the fall, despite fast-rising home prices and low inventory.

Mortgages 384

Mortgages Construction Loans Industrial 384