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.

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As-is Sales New Construction MLS 500

Housing Wire

MAY 5, 2023

HFAs provide affordable homeownership options to low- and moderate-income borrowers through down payment and closing cost assistance, as well as reduced mortgage payments. Last month, Black Knight’s Optimal Blue released a product comparison feature in the company’s cloud-based Loansifter PPE engine for mortgage brokers.

Investor 384

Investor MLS Finance Closing costs 384

Housing Wire

NOVEMBER 16, 2023

Mortgage rates fell this week as the October inflation report drove down the yield on the 10-year Treasury. The 30-year, fixed mortgage averaged at 7.44% as of Nov. 16, according to Freddie Mac ‘s Primary Mortgage Market Survey. The 30-year, fixed mortgage averaged at 7.44% as of Nov.

Mortgages 458

Mortgages Fixed-rate mortgage MLS Investor 458

Housing Wire

DECEMBER 14, 2023

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. on Thursday.

Mortgages 485

Mortgages Fixed-rate mortgage Loan Officer MLS 485

Housing Wire

OCTOBER 5, 2023

Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. 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 7.49% as of Oct.

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages MLS Loans 450

Housing Wire

OCTOBER 25, 2023

In response, Blefari said that HomeServices does not require agents to become NAR members nor participate in the MLS. “Maybe the local company or the MLS does, but we don’t,” Blefari testified. He refused to provide evidence about the purpose of the rule, but he admitted the rule was a core component of the MLS.

MLS 421

MLS Agents Brokerage As-is 421

Housing Wire

NOVEMBER 9, 2023

As 10-year Treasury yields tumbled, the average 30-year fixed mortgage fell 26 basis points in the week ending Nov. The 30-year, fixed mortgage averaged 7.5% 9, according to Freddie Mac ‘s Primary Mortgage Market Survey. 9, the largest one-week decrease since last November. as of Nov. for the week ending Nov.

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Mortgages MLS Loans Investor 466

Housing Wire

FEBRUARY 15, 2023

Expectations that high inflation may persist for longer than previously projected put pressure on mortgage rates last week. The latest Mortgage Bankers Association (MBA) survey showed that mortgage loan application volume declined 7.7% Compared to the same week last year, mortgage apps are down 57%. the previous week.

Mortgages 384

Mortgages Fixed-rate mortgage Loans MLS 384

Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. Elevated mortgage rates and low inventory As of August 17, mortgage rates surpassed 7% as U.S. The National Association of Realtors (NAR) suggested a 2.2% million, according to its latest report.

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Sales MLS Mortgages Marketing 370

Housing Wire

JUNE 21, 2023

“With inventory so low and many homeowners reluctant to give up their extremely low mortgage rates, everyone is wondering where new listings are going to come from. We’re starting to see more sellers who are listing second homes and investment properties,” said Lisa Sturtevant, the chief economist of Bright MLS , which conducted the survey.

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MLS Sales Mortgages Agents 370

Housing Wire

NOVEMBER 2, 2023

Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year high. The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, according to Freddie Mac ‘s Primary Mortgage Market Survey. On Wednesday, the U.S.

Fixed-rate mortgage 473

Fixed-rate mortgage Mortgages MLS Investor 473

Housing Wire

MARCH 23, 2023

As buyers approach spring buying season, price adjustments and stabilized mortgage rates have led many buyers to commit before a potential upswing in demand.” Higher mortgage rates, which approached 7% last month, have taken a toll, eroding buyers’ purchasing power,” Sturtevant added. This represents 8.2 year over year.

Sales 410

Sales Principal MLS Mortgages 410

Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. 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 7.12% as of Sept. 7, down from last week ’s 7.18%.

Mortgages 450

Mortgages Fixed-rate mortgage Marketing MLS 450

Housing Wire

OCTOBER 12, 2023

Mortgage rates kept climbing for the fifth consecutive week, bringing average year-over-year rates 60 basis points higher. 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 mortgage averaged 7.57% as of Oct.

Fixed-rate mortgage 421

Fixed-rate mortgage Mortgages MLS Investor 421

Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. Bright MLS’ recent survey showed that sellers in the Mid-Atlantic received an average of 3.4 Mortgage rate fatigue. A paradoxical picture is emerging as the spring market is underway.

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Marketing MLS Mortgages Equity 421

Housing Wire

OCTOBER 13, 2023

Recognizing the opportunities in the mortgage space, Grant Moon , former CEO and founder of fintech platform Home Captain , is gearing up to launch his new firm – BlueForceX. As a mortgage technology optimization platform, BlueForceX would provide data solutions, cut inflated tech solutions costs, and advise market positioning strategies.

MLS 410

MLS Technology Mortgages Loans 410

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgages 441

Mortgages Fixed-rate mortgage Equity MLS 441

Housing Wire

FEBRUARY 27, 2023

Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. NAR expects the economy to continue adding jobs throughout 2023 and 2024, and the 30-year fixed rate mortgage to steadily drop to an average of 6.1% After posting a 2.5%

Sales 432

Sales Fixed-rate mortgage MLS Mortgages 432

Housing Wire

NOVEMBER 28, 2023

Home-price growth expected to slow in Q4 High mortgage rates combined with a typical seasonal slowdown will limit the number of buyers on the market in Q4, Bright MLS Chief Economist Lisa Sturtevant said in a statement. Simultaneously, new listing volume is up at the end of November, which might further cool home prices.

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Principal MLS Finance Mortgages 473

Housing Wire

NOVEMBER 3, 2023

that you have to be a Realtor to get access to the Realtor-owned and operated MLS. But it is interesting, among other places, like California, Colorado, Florida, Georgia and South Carolina and, functionally, the state of Washington, you don’t have to be a Realtor to get access to the MLS. It is a sales business,” Stella said. “If

MLS 432

MLS Brokerage Agents Industrial 432

Housing Wire

MARCH 31, 2023

In its third year, the 2023 HW Finance Leaders award celebrates the outstanding achievements of the top finance executives in the real estate and mortgage space. As the housing market continues to face volatility, the role of CFO has become increasingly critical.

Finance 397

Finance Principal MLS Property Management 397

Housing Wire

OCTOBER 27, 2023

In reality, consumers are better off and business competition thrives very much because of NAR’s rules and how well local Multiple Listing Service (MLS) broker marketplaces function. These local MLS broker marketplaces work in favor of consumers every day. They coordinate with lenders and research mortgage rates and terms.

MLS 466

MLS Brokerage Agents Closing costs 466

Housing Wire

MARCH 21, 2023

Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines,” Lawrence Yun , NAR’ s chief economist, said in a statement. In January and early February, mortgage rates fell from the mid-6% range to the low 6% and even high 5% range, incentivizing homebuyers who were sitting on the fence to buy now.

Sales 384

Sales MLS Mortgages Marketing 384

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. District Court for the Western District of Pennsylvania.

MLS 432

MLS Brokerage Agents Industrial 432

Housing Wire

JUNE 2, 2023

“Even though the pace of layoffs has picked up, many businesses, particularly in transportation, healthcare, and hospitality, continue to have strong demand for workers,” Mike Fratantoni , the Mortgage Bankers Association’s chief economist, said in a statement.

Construction 384

Construction MLS Mortgages Loans 384

Housing Wire

NOVEMBER 20, 2023

Savvy sellers are consumers who will choose to have a seller agent complete a basic MLS listing, then take the process into their own hands by fielding orders directly from buyers rather than give 3% to have offers brought to them. If this is to happen, buyer agents and mortgage companies will be forced to adapt.

Pre-approval 458

Pre-approval Agents Loan Officer Seller concession 458

Housing Wire

DECEMBER 12, 2023

“Housing costs, in particular, are weighing on many individuals and families,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. Higher mortgage rates , which make buying a home more expensive, have come down some in the past few weeks, as it has become clearer that the Fed is done with rate hikes. “It ”

MLS 408

MLS Mortgages As-is Marketing 408

Housing Wire

SEPTEMBER 26, 2023

“The Case Shiller index indicates that the typical home price in July 2023 is about 45% higher than it was four years ago in July 2019,” said Bright MLS Chief Economist Lisa Sturtevant. Mortgage holders are well-qualified and subprime loans are rare. The West (-3.8%) and Southwest (-3.6%) remained the weakest regions.

MLS 458

MLS Lending Equity Mortgages 458

Housing Wire

SEPTEMBER 14, 2023

Mortgage rates inched back up this week and remain anchored north of 7% as investors focus on the impact of rising headline inflation ahead of next week’s Fed rate decision. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time. Other indices showed different mortgage rates this week.

Mortgages 432

Mortgages Fixed-rate mortgage Investor MLS 432

Housing Wire

AUGUST 2, 2023

Mobility Market Intelligence (MMI), a data intelligence and market insight tool provider for the mortgage and real estate industries, has acquired Bonzo – a relationship management and mortgage marketing platform. The company has more than 2,000 clients, according to its website.

MLS 370

MLS Brokerage Mortgages Industrial 370

Housing Wire

OCTOBER 31, 2023

In August, pending home sales , existing home sales and new home sales all fell compared to the previous month, as mortgage rates climbed and inventory remained scarce. During the first week of June, mortgage rates were at 6.79%. They climbed to 7.23% in August, according to Realtor.com Senior Economic Research Analyst Hannah Jones.

MLS 479

MLS Mortgages Sales Closing 479

Housing Wire

JANUARY 31, 2023

Yearly home price growth continued to cool in November as mortgage rates reached some of their highest levels in decades, which resulted in annual home price gains shrinking for the eight consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday.

MLS 421

MLS Land Mortgages Finance 421

Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. However, month-over-month, the median home price nationally was flat in August, Bright MLS Chief Economist Lisa Sturtevant noted. Elevated mortgage rates add to affordability pain As of Aug. compared to a year ago.

Sales 441

Sales Fixed-rate mortgage MLS Mortgages 441

Housing Wire

SEPTEMBER 7, 2023

The three class action suits Moehrl , Sitzer/Burnett , and Nosalek , named after their lead plaintiffs, take aim at NAR’s Participation Rule , which requires listing agents to make a blanket offer of compensation to buyers’ agents in order to list the property on a Realtor-affiliated multiple listing service (MLS).

Agents 397

Agents Loan Officer Lending MLS 397

Housing Wire

SEPTEMBER 28, 2023

Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said. It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said.

Sales 479

Sales MLS Mortgages Closing 479

Housing Wire

AUGUST 31, 2023

Mortgage rates ticked down modestly after job openings data for July came out yesterday, but rates remain elevated. 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 7.18% as of Aug. Other indices showed lower mortgage rates.

Mortgages 421

Mortgages Fixed-rate mortgage MLS Loans 421

Housing Wire

FEBRUARY 28, 2023

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. With mortgage rates on the rise over the past few weeks, Lazzara expects home price growth to continue to slow. However, even as existing home sales fell 17.8%

MLS 410

MLS Mortgages Finance Closing 410