Remove 2022 11 an-end-to-large-rate-hikes-from-the-fed
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Mortgage origination market should improve by 19% next year: MBA

Housing Wire

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania. Purchase originations are forecast to increase 11% to $1.47

Mortgages 496
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Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

Federal Reserve Chair Jerome Powell indicated in recent congressional testimony that interest rate hikes are now likely at the “ peak for the current tightening cycle ,” after signaling in November of last year that the Fed was close to the end of its war on inflation.

Investor 421
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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

Mortgages 458
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A good jobs report, but also another recession red flag

Housing Wire

We also had 95,000 positive revisions, and although this was a slight miss of estimates, it continues the solid trend of good job reports in 2022. unemployment rate stands at 3.6%, and we are getting closer and closer to my September 2022 forecast of getting all the jobs back that we lost due to COVID-19.

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Amid a Turbulent Office Market, Cities Grapple With Property Valuations

Propmodo

increase from fiscal year 2024. It’s a bit of a head-scratcher, given how last year saw several large office buildings in Manhattan sell at huge discounts. It’s a bit of a head-scratcher, given how last year saw several large office buildings in Manhattan sell at huge discounts.

Marketing 113
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Is the Housing Market in a Bubble? How the Indicators Today Compare With the Great Recession

Realtor.com

” But it was likely rising mortgage interest rates, a result of the Fed hiking its own rates to bring down inflation, that most directly led to the real estate freeze. Higher mortgage rates have made homebuying unaffordable to millions, decimating the ranks of home shoppers. Sound familiar?

Marketing 113
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Affordability Crisis Update: Current Homebuyers Lost More Than Just Buying Power

Point2Homes

Aggressive rate hikes (after the latest increase, the average mortgage rate hovers around 7%), coupled with sky-high home prices mean buyers are bleeding money. But, aside from losing purchasing power, homebuyers — and especially post-pandemic homebuyers — are also losing what they wanted the most: More living space.