Housing Wire

JANUARY 18, 2024

HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.709% on Thursday, up from 6.66% recorded at the same time last week. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist.

Fixed-rate mortgage 527

Fixed-rate mortgage Mortgages New Construction Construction 527

Housing Wire

JULY 20, 2023

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 6.78% as of July 20, down from last week ’s 6.96%. Simultaneously, retail sales improved modestly and industrial production declined on waning demand.

Mortgages 301

Mortgages Fixed-rate mortgage New Construction Construction 301

Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

New Construction 105

New Construction Construction Pre-approval Inspection 105

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. HW: What are the risk management challenges for REO assets?

Due diligence 350

Due diligence Marketing Mortgages New Construction 350

Housing Wire

JUNE 29, 2023

The 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 6.71% as of June 29, up marginally from last week’s 6.67%. By contrast, the 30-year was at 5.70% a year ago at this time. Other mortgage indexes also show rates slightly rising.

Mortgages 343

Mortgages New Construction Investor Construction 343

Housing Wire

DECEMBER 12, 2023

This phenomenon becomes clearly apparent when compared to existing home sales, for which these buydowns are very rare. As shown in the chart below, existing and new home sales for the 19 largest home builders had roughly the same note rates until January 2022. As of July 2023, the gap had slightly narrowed to 0.8 2022 to Dec.

Debt-to-income ratio 381

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 381

Housing Wire

JULY 6, 2023

The 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 6.81% as of July 6, up significantly from last week ’s 6.71%. Consumer spending keeps growing, as do auto sales, which were expected to soften.

Mortgages 378

Mortgages Construction New Construction Investor 378

Housing Wire

JANUARY 9, 2024

Importantly, homeowners can also include 50% of their estimated rental income when applying for an FHA renovation loan to construct an ADU, which helps with DTI constraints. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

Finance 447

Finance Construction Loans Renovation 447

Housing Wire

AUGUST 10, 2023

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 August 10, up from last week ’s 6.90%. million annual sales pace is a highlight of solid demand.” since May of this year, the 4.2 since May of this year, the 4.2

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Norada Real Estate

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. In short, they are considered brand new.

New Construction 52

New Construction Construction Probate sale Investor 52

Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. So, the servicing valuation on those loans is strong, because pre-payments are low.

FHA loan 427

FHA loan Bankruptcy Marketing Loans 427

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. The number of existing home sales reflects how the housing sector has been impacted by the Fed’s interest rate policies. Existing home sales are down 19.9% year-over-year.

Mortgages 406

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 406

Housing Wire

NOVEMBER 3, 2023

*Rebates are not available in all markets or where prohibited by law and are subject to lender approval; may not be available for all transaction types, including but not limited to Short Sales, For Sale by Owner (FSBO), New Construction and iBuyer sales.

Closing costs 341

Closing costs Short sale Technology New Construction 341

Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. How could they ever justify walking away from a loan with this low of an interest rate ?

Equity 419

Equity Loans Bankruptcy New Construction 419

Housing Wire

JULY 27, 2023

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 6.81% as of July 27, up from last week ’s 6.78%. The rates for credit cards, auto and personal loans, as well as adjustable-rate mortgages will increase. million in June 2022.

Fixed-rate mortgage 320

Fixed-rate mortgage Mortgages Loans New Construction 320

Housing Wire

NOVEMBER 7, 2023

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. For Sale By Owners are the same. So how do you provide overwhelming value to your buyer clients? Be a matchmaker.

Loan Officer 375

Loan Officer New Construction MLS Inspection 375

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. Rates for jumbo loan balances (greater than $647,200) went from 6.14% to 5.97% in the same period. . ” Uptick in applications . million in the prior forecast.

Mortgages 404

Mortgages Fixed-rate mortgage Loans New Construction 404

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Strategies to differentiate themselves include buying leads, providing niche loans and getting on builders’ preferred lender list.

Loan Officer 389

Loan Officer Mortgages Loans Closing costs 389

Realtor.com

NOVEMBER 7, 2022

. “You will find these incentives explained on websites, social media, signs, and other places a builder might advertise to the public,” explains Kimberly Mackey , founder of New Homes Solutions and a sales and marketing management consultant specializing in residential homebuilding.

New Construction 76

New Construction Construction Finance Closing costs 76

Housing Wire

JUNE 30, 2022

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

Lending 316

Lending Banks Technology New Construction 316

Housing Wire

AUGUST 3, 2023

Gain-on-sale margins posted for the second quarter of 2023 was 267 points, up from the previous quarter’s 239 points. billion in sold loans through its direct-to-consumer channel and $9.6 million loans service, with approximately $500 billion in unpaid principal balance. By channel, Rocket reported $12.4

Loans 314

Loans Mortgages Loan Officer Principal 314

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” It varies a little bit based on loan amount and interest rate but … a pretty good rule of thumb is a [2-1] buydown will typically cost the seller about 2.25

Marketing 404

Marketing FHA loan Loans Mortgages 404

Housing Wire

AUGUST 15, 2023

With strong demand and limited options for existing homes, many homebuyers are turning to new construction. Mortgage applications for new construction home purchases increased 35.5% According to MBA estimates, new single-family home sales were running at a seasonally adjusted annual rate of 677,000 units in July 2023.

New Construction 369

New Construction Construction FHA loan Mortgages 369

Redfin

AUGUST 8, 2023

However, with rising real estate prices, some may find themselves seeking financing beyond the conforming loan limit. In this instance, you’d need to apply for a jumbo loan. What is a jumbo loan? What exactly is a jumbo loan in Montana? What exactly is a jumbo loan in Montana?

Loans 48

Loans Debt-to-income ratio Finance New Construction 48

Redfin

JUNE 30, 2023

When it comes to purchasing a home, buyers may find it difficult to find financing beyond the conforming loan limit. In this instance, you may need to apply for a jumbo loan. What is a jumbo loan? So what are jumbo loans in Oklahoma? So what are jumbo loans in Oklahoma? What is the jumbo loan limit in Oklahoma?

Debt-to-income ratio 46

Debt-to-income ratio Loans Finance New Construction 46

Keeping Current Matters

NOVEMBER 25, 2020

Mortgage rates are historically low, providing motivation for those who are ready to get more for their money over the life of their home loan. In many parts of the country, more new construction will also be available for sale in 2021, which will lessen the demand for your house next year. Buyers are active now.

New Construction 280

New Construction Construction Loans Mortgages 280

Redfin

JUNE 30, 2023

When it comes to purchasing a home, buyers may have difficulty finding financing beyond the conforming loan limit. If this is the case, you may need a jumbo loan. What is a jumbo loan? So what are jumbo loans in Kansas? So what are jumbo loans in Kansas? What is the jumbo loan limit in Kansas?

Debt-to-income ratio 43

Debt-to-income ratio Loans Finance New Construction 43

Redfin

AUGUST 8, 2023

However, with rising real estate prices, some may find themselves seeking financing beyond the conforming loan limit. In this instance, you’d need to apply for a jumbo loan. What is a jumbo loan? So what are jumbo loans in South Dakota? So what are jumbo loans in South Dakota?

Debt-to-income ratio 49

Debt-to-income ratio Loans Finance New Construction 49

Keeping Current Matters

MARCH 10, 2021

Home sales and prices were both up substantially over the year before. Recently, the Urban Institute released their latest Housing Credit Availability Index (HCAI) which “ measures the percentage of owner-occupied home purchase loans that are likely to default—that is, go unpaid for more than 90 days past their due date.

Equity 262

Equity New Construction Construction Short sale 262

Housing Wire

AUGUST 1, 2023

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. New single-family home sales rose 23.8% million net loss , an improvement on the $90.8

New Construction 347

New Construction Construction Brokerage Agents 347

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. While we have lots of new construction, there are lots of delays due to shortage of materials and also construction workers,” said Ethel Curbow, an agent at AMAX real estate.

Marketing 337

Marketing Loan Officer Construction New Construction 337

Housing Wire

JULY 20, 2023

Build a home instead of chasing after the scarce resale inventory 30% of available homes are new construction, so there are several advantages to this option. Builders are closing loans in the 4.5 Next, the house is new. They might use a bridge loan to borrow their equity, close on the next home and then sell the old one.

Equity 278

Equity MLS Construction Agents 278

Housing Wire

SEPTEMBER 14, 2023

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. Mortgage applications for new home purchases increased 20.6% It indicates that a larger share of first-time homebuyers are active in the new home sales market. from 56,000 new home sales in July.

New Construction 347

New Construction Construction Mortgages VA loan 347

Housing Wire

OCTOBER 21, 2020

He said as builders work to replenish the supply with new homes, the most recent census data shows a 1.1 million annualized pace for new construction — the highest level since 2007. Walsh said that as more loans fall into the seriously delinquent bucket, servicer costs could rise.

Mortgages 391

Mortgages FHA loan Fixed-rate mortgage Loans 391

Realtor.com

DECEMBER 20, 2022

Then, quite suddenly, the market seemed to seize up and prices and sales began falling. Something new and dramatic would likely be necessary in order to set off another collapse. Homes are now sitting on the market longer, more sellers and builders are slashing prices, and sales are evaporating. Sound familiar?

Marketing 113

Marketing Construction Investor New Construction 113

Housing Wire

MARCH 25, 2024

New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the U.S. decrease from the revised January rate of 664,000 sales, it also marks a 5.9% At the current sales pace, there is an 8.4-month

Sales 379

Sales New Construction Construction MLS 379

Marco Santarelli

APRIL 20, 2024

Rising interest rates have cooled buyer enthusiasm, leading to slower sales and questions about the future. Experts offer some insights into what's on the horizon for housing inventory : Gradual Increase Expected: Many analysts predict a gradual increase in available homes for sale over the next two years.

Marketing 105

Marketing Pre-approval Fixed-rate mortgage New Construction 105