Housing Wire

JULY 20, 2023

Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. As inflation slows, mortgage rates decreased this week,” said Sam Khater, Freddie Mac ’s chief economist in a statement. By contrast, the 30-year was at 5.54% a year ago at this time. “As

Mortgages 370

Mortgages Fixed-rate mortgage New Construction Construction 370

Housing Wire

JULY 6, 2023

Mortgage rates jumped this week as investors grapple with persistent positive economic data and a hawkish Fed. 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%.

Mortgages 384

Mortgages Construction New Construction Investor 384

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgages 473

Mortgages VA loan Finance Loans 473

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. in events to garner business. Roughly 36.3%

Mortgages 421

Mortgages Marketing Banks New Construction 421

Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. 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%.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans New Construction 370

Housing Wire

JUNE 2, 2021

Mortgage applications dropped for the second straight week , this time down 4% for the week ending May 28, 2021, according the Mortgage Bankers Association ‘s weekly mortgage applications survey. This week’s data was compared to mortgage applications from the week of Memorial Day in 2020. the previous week.

Fixed-rate mortgage 543

Fixed-rate mortgage Mortgages New Construction Loans 543

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% We do not see new construction returning in a meaningful way any time soon. “The Will Savage, an LO at PMC Mortgage.

Mortgages 421

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 421

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. According to the MBA , mortgage applications decreased 9% across the board for the week ending January 27 compared to the week prior. Meanwhile, applications for refinancings fell by 7%.

Fixed-rate mortgage 384

Fixed-rate mortgage Mortgages Marketing Loan Officer 384

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. “Simply put, total homeownership costs are more than a monthly mortgage payment alone.” Getty Images. Getty Images.

New Construction 110

New Construction Construction VA loan Finance 110

Housing Wire

AUGUST 10, 2023

The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac. According to Lawrence Yun, chief economist and senior vice president of research at NAR , “mortgage rates are likely to be past their peak and on the way downward.” since May of this year, the 4.2

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Inman

FEBRUARY 6, 2023

Homebuyers can put as little as 5 percent down when taking out a new construction loan, with one closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage.

New Construction 113

New Construction Construction Closing Loans 113

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officer 397

Loan Officer Mortgages Loans Closing costs 397

Housing Wire

FEBRUARY 24, 2023

“January marked a surge of people signing contracts to buy new homes. The increase in contract signings can be attributed to a decline in mortgage rates in January after a run-up in rates in October and November ,” Holden Lewis, NerdWallet ’s home and mortgage expert, said in a statement. months in December.

Sales 432

Sales New Construction Construction Mortgages 432

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. is likely to enter a recession,” Mike Fratantoni, Mortgage Bankers Association’s senior vice president and chief economist, said in a statement.

Mortgages 410

Mortgages Fixed-rate mortgage Loans New Construction 410

Housing Wire

MAY 30, 2023

That said, the challenges posed by current mortgage rates and the continuing possibility of economic weakness are likely to remain a headwind for housing prices for at least the next several months.” The average rate in March on a 30-year-fixed rate mortgage in March was 6.54%, with the rate dropping to 6.34% in April.

Mortgages 410

Mortgages Fixed-rate mortgage Construction New Construction 410

RIS Media

APRIL 19, 2024

In a mixed bag for housing, mortgage applications for new homes jumped in March, while new-construction sales simultaneously fell amid affordability woes, according to the Mortgage Bankers Association (MBA). Mortgage applications for new-home purchases rose 6.2%

Sales 116

Sales Mortgages New Construction Construction 116

RIS Media

MARCH 28, 2024

Homebuyers are continuing to turn to new construction as the antidote for a continued lack of existing homes for sale. Mortgage applications for newly built homes jumped 15.7% in February from a year ago, according to data from the Mortgage Bankers Association’s (MBA) latest Builder Application Survey.

Mortgages 130

Mortgages New Construction Construction Sales 130

Realty Biz

AUGUST 5, 2023

Buying a new construction home has its pros and cons. As the first owner, you'll enjoy the peace of mind of owning a brand-new property. New homes often require fewer repairs and updates since everything is up to date-and in good condition. For others, typical construction is what they have their hearts set on.

New Construction 72

New Construction Construction Equity Commercial 72

RIS Media

FEBRUARY 20, 2024

The rally in new-home demand isn’t letting up as homebuyers facing inventory challenges on the resale market turned to new construction to realize their homeownership dreams. Mortgage applications for new-home purchases jumped 19.1%

Mortgages 119

Mortgages New Construction Construction Marketing 119

Housing Wire

JUNE 3, 2021

Fickle mortgage rates rose once again last week, this time four basis points to an average of 2.99%, according to Thursday data from Freddie Mac ‘s PMMS. However, despite fluctuating sub-3% mortgage rates, borrowers are still competing in a supply strained and overheated market. Even though rates have been below 3.2% dropping 4.4%

Mortgages 370

Mortgages Construction New Construction Sales 370

Realtor.com

JANUARY 17, 2023

Getty Images One of the reasons many homebuyers are drawn to buying a brand-new home is that they often get to choose many of the home’s features to suit their tastes. But with new construction, you can call the shots on countertops, fixtures, flooring, paint colors, and so much more to make your home feel like, well, you!

New Construction 94

New Construction Construction Design As-is 94

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 12, 2024

8. “With the acquisition of AFR, we will build on our already strong mortgage platform. residential mortgage market and housing-related assets. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions.

Lending 430

Lending New Construction Construction Finance 430

Housing Wire

APRIL 5, 2024

Headwinds like mortgage rates , low inventory and rising rents are still strong, but easing,” Zillow Senior Economist Orphe Divounguy, said in a statement. The increase in new listings this spring, due both to new construction and to more homeowners choosing to sell, will give buyers more options and help to ease price growth.

Pre-approval 458

Pre-approval Marketing New Construction Construction 458

Housing Wire

SEPTEMBER 26, 2023

However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months. Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said.

As-is 500

As-is Sales New Construction MLS 500

Realty Biz

AUGUST 14, 2022

The company said contractors on new constructions will be able to make use of its entire solution, which generates 3D models and exterior measurements, using blueprints of designs. In other words, it now supports both existing homes (through smartphone photos) and new constructions.

New Construction 90

New Construction Construction Technology Design 90

Housing Wire

NOVEMBER 30, 2023

As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. New home sales fell 5.6% Pending home sales in October fell to their lowest level since 2001.

Sales 479

Sales New Construction Construction Mortgages 479

Real Trends

MARCH 29, 2023

But when inflation and mortgage rates started to rise, the rush slowed. New homes began to linger on the market. Here are a few trends and predictions I see happening with new construction buyers: Don’t expect massive price drops Here’s the reality: We will not see the massive price drop that occurred between 2008 and 2011.

New Construction 89

New Construction Construction Banks Development 89

Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

New Construction 52

New Construction Construction Inspection Finance 52

Housing Wire

APRIL 15, 2024

There are places where new construction relieved some pressure, and where homeowners are less locked into their mortgage, but not in the nation’s most expensive metros. In costly areas, homeowners hold extensive mortgage debt at previously low rates, and the pressure is dialed up even further.”

New Construction 441

New Construction Construction Mortgages Marketing 441

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). ” According to Yun’s forecast, mortgage rates will fall to between 6% and 7% by spring 2024.

Sales 458

Sales New Construction Staging Mortgages 458

Housing Wire

FEBRUARY 12, 2024

Amid the high mortgage rate environment, many prospective home seekers chose to postpone their purchase plans and rented an apartment instead. Asking rents are stable, and while mortgage rates have dipped in recent months, they haven’t fallen enough to make the financial equation of homebuying feasible for many people.

Construction 431

Construction New Construction Staging Mortgages 431

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

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

Due diligence 410

Due diligence Marketing Mortgages New Construction 410

Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. Fueling this increase is new construction, according to Divounguy, even though the 1.3% Over the past year, the value of the U.S.

Marketing 515

Marketing New Construction Finance Construction 515

Marco Santarelli

APRIL 21, 2024

The recent surge in mortgage rates has sent shockwaves through the U.S. While prices for new construction and land remain robust, the condominium market is experiencing a downturn, driven in part by the burden of high mortgage rates. housing market , marking a pivotal moment for homeowners and prospective buyers alike.

Mortgages 105

Mortgages Marketing New Construction Land 105

Housing Wire

FEBRUARY 15, 2024

Older Americans also have financial incentives attached to staying in their homes, since 54% of the baby boomer cohort own their homes free and clear without making monthly mortgage payments. Some young families are turning to new construction, and others are renting homes.”

New Construction 466

New Construction Construction Mortgages As-is 466