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Secondary mortgage market adjusts to higher-for-longer rates 

Housing Wire

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. at the end of April, according to HousingWire ’s Mortgage Rates Center. They crested near 7.6%

Mortgages 429
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Foreclosure inventory hits 15-month low in July

Housing Wire

Foreclosure inventory hit a 15-month low in July representing the continued strength of mortgage performance. July’s foreclosure starts of 26,300 were 4% below the average number of such actions over the preceding 12 months and remain 39% below pre-pandemic levels. Prepayment was still down 28% from July 2022.

Staging 370
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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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Rumors, rumors everywhere, but no Wells Fargo MSR deal — so far

Housing Wire

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. Or it could signal a future MSR-market stampede. To date, no Wells Fargo bulk MSR public offering has surfaced, market observers say. of the entire $8.4

Banks 384
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Homebuyers Kick-off 2022 Ready to Compete

RIS Media

Homebuyers are kicking-off 2022 ready to compete, according to realtor.com’s Weekly Data Report , which shows listing prices continue to rise at a double-digit pace and time-on-market remains historically low. Active inventory was down 28% from a year ago. Active inventory was down 28% from a year ago.

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New Housing Market Data Shows Buyers Are Backing Off

Marco Santarelli

The housing market is experiencing a shift this fall, with new listings showing a slight increase. However, the elevated mortgage rates are causing many potential buyers to retreat. Let's delve into the details of this evolving housing market scenario. Despite the low demand, the median sale price has experienced a 3% increase.

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Top 10 Housing Markets Where Homes Are Selling Fast in 2023

Marco Santarelli

housing market, despite some slowdown, remains a race for eager buyers keen on sealing property deals. A blend of soaring mortgage rates , historic lows in available homes, and determined buyers striving for homeownership has quickened homebuying across the nation.