Remove 2020 10 25 freddie-mac-mortgage-rates-continue-to-trend-down
article thumbnail

Mortgage rate dip a welcome reprieve, but more industry consolidation is ahead: Piper Sandler

Housing Wire

Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over. 25 and decreased 45% below the previous trough in 2018, according to Piper Sandler. for Fannie Mae and Freddie Mac pools, according to Piper Sandler.

article thumbnail

The Truths Young Homebuyers Need To Hear

Keeping Current Matters

A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. 47% don’t know what a good interest rate is”. What You Need To Know About Down Payments. For many young or first-time homebuyers, purchasing a home can feel intimidating.

Mortgages 274
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mortgage stocks are getting battered – what happens next? 

Housing Wire

The stock market has not been kind to mortgage lenders – some are now trading in the $1-a-share range. In a one-week period between June 10 and June 17, 11 publicly traded mortgage companies lost a collective $6.14 ” The bear stock market began on Friday, June 10 when the U.S. . billion in market capitalization.

Mortgages 392
article thumbnail

US housing market is at a crossroads

Housing Wire

The real estate market is cooling down. million, the lowest since June of 2020 and similar to pre-pandemic levels.”. Those figures, along with “sharp recent increases in mortgage rates” and other supporting data, lead Moody’s to conclude that the “U.S. economy continuing to decline. For some of the good, a U.S.

Marketing 414
article thumbnail

Fed retreat from MBS market sparks short-term uncertainty

Housing Wire

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 trillion agency MBS portfolio?

Marketing 396
article thumbnail

Average mortgage rate falls to 2.91%: Freddie Mac

Housing Wire

mortgage rates for a 30-year fixed loan fell to 2.91% this week, the second-lowest level on record, Freddie Mac said in a report on Thursday. The rate declined from 2.99% last week , the mortgage financier said. The average rate for a 15-year fixed home loan fell to 2.46% from 2.54%. Average U.S.

Mortgages 519
article thumbnail

5 Silver Linings for Home Buyers in 2023

HomeLight

Everything from stubborn inflation and increasing mortgage rates to potential home price declines could cause potential buyers to rethink a new home investment. But there are also reasons for home buyers to be optimistic. That could present an opening for home buyers who were outbid in the previous housing cycle.