Housing Wire

NOVEMBER 25, 2023

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. It’s essential to think about rates in this light.

Mortgages 528

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Housing Wire

DECEMBER 30, 2023

We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow. 9, 2022, and they’ll be ready for what’s coming next. So today’s tracker is focused on 2023, the inventory data, and how different this year was from 2022.

Mortgages 501

Mortgages Sales Marketing As-is 501

Housing Wire

NOVEMBER 3, 2023

October job gains significantly cooled compared to September, falling back under the average monthly gain of 258,000 over the prior 12 months. Total nonfarm payroll employment increased by 150,000 jobs in October, half of the number posted in September , according to data released by the Bureau of Labor Statistics.

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Housing Wire

NOVEMBER 22, 2023

The pessimistic streak is especially notable given that the fall months have recently been lucrative for builders. The sales boom that followed the onset of the pandemic caused the months’ supply of new homes to fall roughly 40% from September 2019 levels, inviting builders to bring more units to market. 2019 level.

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Closing Closing costs Sales Mortgages 422

Housing Wire

OCTOBER 16, 2023

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 481

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Housing Wire

MAY 21, 2023

The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. New listings data fell, however, active inventory grew. And purchase apps had a weekly negative print, continuing the 2023 theme of higher rates impacting the data. Purchase application data fell 4.8%

Marketing 490

Marketing Mortgages As-is Sales 490

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. The other focus should be where mortgage rates go; only a little happened last week.

Marketing 517

Marketing Banks Mortgages As-is 517

Housing Wire

APRIL 10, 2023

Rate lock volume jumped 43% in March on the back of seasonal tailwinds, falling interest rates and stronger purchase market performance. While purchase locks showed significant improvement month over month, the volume is 40% down compared to March 2022. before dropping to 6.4%

FHA loan 347

FHA loan Marketing Lending Mortgages 347

Housing Wire

FEBRUARY 22, 2023

It’s proving to be a brutal February for the mortgage industry, with mortgage demand falling for the third time in four weeks. At a time when purchase activity typically ramps up, the latest mortgage application data is showing that mortgage demand is dropping due to mortgage rates climbing back up.

Mortgages 346

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Housing Wire

DECEMBER 22, 2021

Mortgage applications fell 0.6% 17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The decrease was driven by the purchases index falling 3.3% Concurrently, the refi index increased 2.2% from the week prior.

Mortgages 372

Mortgages VA loan FHA loan Fixed-rate mortgage 372

Housing Wire

SEPTEMBER 1, 2023

The pace of hiring continued to cool in August, with job gains of 187,000, which is lower than both the 204,000 monthly average for the previous six months and the 399,000 average of 2022, said Realtor.com Chief Economist Danielle Hale. It is a low rate by historical standards, but is at its highest level since February 2022.

Construction 361

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Housing Wire

OCTOBER 12, 2022

Sacramento, California-based mortgage lender Summit Funding Inc. Todd Scrima, the company’s CEO, founded the mortgage lender in 1995. The company offers conventional, FHA, VA, USDA, jumbo and reverse mortgages. . The company offers conventional, FHA, VA, USDA, jumbo and reverse mortgages. . The layoff, set for Nov.

Loan Officer 370

Loan Officer Mortgages Loans Industrial 370

Housing Wire

JULY 7, 2023

This increase is slightly under the average monthly gain of 341,000 jobs over the past 12 months. The unemployment rate changed little at 3.6%, compared to 3.7% in May, with the total number of unemployed persons falling to 6 million. The unemployment rate has remained between 3.4% since March 2022.

Construction 337

Construction Residential MLS Renovation 337

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. These buyers are primarily local community developers who purchase distressed properties and then resell or rent those properties on the retail market following rehab — a process that typically takes six to 12 months. .

Development 441

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Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. economy after Fitch Ratings downgraded the U.S.′ long-term, foreign currency issuer default rating from AAA to AA+ on Tuesday. Investors assessed the state of the U.S. The following day, the U.S.

Fixed-rate mortgage 325

Fixed-rate mortgage Mortgages Loans Sales 325

Housing Wire

MARCH 2, 2023

According to Mike Simonsen, the president of Altos Research , to see housing inventory fall throughout February, as it has this year, is pretty unusual. But in 2020 through 2022, buyers came out quickly after the new year and inventory didn’t hit bottom until much later in the spring.” What happened to ‘normal’?

Agents 378

Agents Fixed-rate mortgage Marketing Mortgages 378

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. to 4.75% range, up from 0.25% a year ago.

Marketing 363

Marketing Banks Mortgages Investor 363

Housing Wire

JULY 12, 2023

annual increase in May , the CPI rose just 3.0% This is the smallest 12-month increase since the year ending March 2021 and the 12th consecutive month of inflation declines. Indexes that increased in June include shelter, motor vehicle insurance, apparel, recreation, and personal care. After recording a 4.0%

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MLS Commercial Construction Mortgages 282

Housing Wire

JANUARY 12, 2023

A slowdown in the pace of inflation is welcome news after the Federal Reserve raised interest rates to the highest level in over a decade. That is the smallest 12-month increase since the year ending in October 2021, according to data released Thursday by the Bureau of Labor Statistics (BLS). The CPI fell 0.1% in November.

MLS 320

MLS Land Mortgages As-is 320

Housing Wire

OCTOBER 5, 2020

Following previous natural disaster recovery patterns, mortgage delinquencies are not expected to return to pre-pandemic levels until March 2022, according to a report from Black Knight. Nevertheless, August’s upward tick marked the mildest increase in five months – suggesting 90-day mortgage delinquencies could be nearing their peak.

Mortgages 449

Mortgages Equity Staging Loans 449

Housing Wire

MARCH 10, 2023

Job growth continued in February, but at a slower pace, suggesting that the Federal Reserve interest rate hikes are having at least a mild impact on the labor market. In addition to the slower month-over-month job growth, the unemployment rate also rose from 3.4% The unemployment rate increased to 3.6 in January to 3.6%

Construction 307

Construction Residential MLS Mortgages 307

Housing Wire

OCTOBER 31, 2022

Given the current volatile mortgage rate environment and related slowdown in homebuyer demand , it was no surprise that all three firms recorded weaker financial results compared to the same quarter a year ago. . billion and net income fell from $445 million in Q3 2021 to $2 million in Q3 2022. year over year to $968.1

Title 313

Title Marketing Commercial Investor 313

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM.

Finance 354

Finance Marketing Lending Investor 354

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. In turn, LOs will be fighting for a piece of the mortgage pie with less rate-sensitive mortgage products, just as they did in 2022.

Loans 391

Loans Renovation Construction Mortgages 391

Housing Wire

MARCH 28, 2022

As the end of the first quarter of 2022 approaches, the expected blossoming of the non-QM lending space in the private label market is well underway. . Some three dozen non-QM securitizations sponsored by about two dozen different entities have made their way to bond-rating firms so far in 2022.

Loans 351

Loans Lending Investor Mortgages 351

Housing Wire

MAY 5, 2022

And these low vacancies have caused rental rates to accelerate at an unprecedented pace, with asking prices soaring 17% year-over-year according to RealPage , making homeownership more economical in many markets across the country. Purchases using an FHA loan, often an indicator of first-time buyer activity, were down to 7.3%

Marketing 369

Marketing FHA loan Loans Sales 369

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgages 522

Mortgages Marketing Lending Loans 522

Broke Agent Media

FEBRUARY 15, 2023

BAM Key Details: Black Knight released its latest Originations Market Monitor Report, showing a 32% increase in rate lock volumes in January 2023, ending a 9-month streak of declines. Purchase rate locks, as well as both rate/term and cash-out refi volumes increased, with refi locks accounting for 15% of the month’s total activity.

Lending 98

Lending Loans Mortgages Agents 98

Broke Agent Media

JANUARY 18, 2023

Agents on the ground are seeing more buyer activity in response to lower mortgage rates, but economists predict a further drop in home prices is needed for a full recovery. It helps that mortgage rates have dipped over the past few months, allowing more home buyers to re-enter the market. .

Marketing 98

Marketing Purchase and sale agreement Investor Mortgages 98

Housing Wire

MARCH 27, 2024

Date: April 21-24, 2024 Location: Scottsdale, AZ Ticket Price: Tickets cost $2,150 for professionals or $3,150 for technology and solution partners, as well as those who do not represent a licensed mortgage or real estate firm. Date: November 8-10, 2024 Location: Boston, MA Ticket Price: Rates are not yet listed, but should be soon.

Agents 336

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Broke Agent Media

MARCH 20, 2023

Pandemic boomtowns San Jose and Austin are seeing home prices decline 12 times faster than the national average. This was due to sellers backing off in response to buyer demand cooling in the wake of a recent spike in mortgage rates. annual drop last fall. median home price fell 1.2% last month. a year ago.

Mortgages 94

Mortgages Sales Closing Days on market 94

Calculated Risk Real Estate

JUNE 15, 2023

CR Note: A year ago, housing economist Tom Lawler explained why the spread between mortgage rates and the 10-year Treasury yield was wider than “normal” See: Lawler: Mortgage/Treasury Spreads, Part I and Lawler: Mortgage/Treasury Spreads Part II: “Decomposing” the Widening This Year.

Mortgages 132

Mortgages Fixed-rate mortgage Investor As-is 132

Broke Agent Media

FEBRUARY 21, 2023

BAM Key Details : A new Zillow analysis shows buyers can expect competition for well-priced homes, especially those at a lower price point, but without the crowds of 2021 and early 2022. According to a new Redfin report , buyer demand is down, thanks to rising mortgage rates. Mortgage purchase applications also dropped 6%.

Mortgages 98

Mortgages Sales Principal Marketing 98

Broke Agent Media

APRIL 4, 2023

BAM Key Details : The latest Mortgage Monitor Report from Black Knight, Inc. shows the first monthly increase in home prices for February after seven straight months of decline. Home prices are on the rise as lower rates heat up buyer demand and inventory continues to shrink. Home prices increased In 39 of the 50 largest U.S.

Equity 98

Equity Mortgages Sales Marketing 98

Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. mortgage for 12 months, and the county where he lives paid three months of his mortgage bill as part of an assistance program. He is afraid of losing his home.

Pre-approval 334

Pre-approval Loans Mortgages Principal 334

Broke Agent Media

MARCH 8, 2023

in February, breaking its three-month streak of increases and pulling the index closer to its all-time low set in October 2022. officially breaking the three-month streak of improvements in housing sentiment and bringing the index closer to its all time low set in October 2022. points to 58.0 points to 58.0, points to 58.0,

Mortgages 98

Mortgages Marketing As-is Agents 98

Marco Santarelli

JANUARY 28, 2024

A recession is a period of declining economic activity, usually measured by two consecutive quarters of negative growth in gross domestic product (GDP). Inflation is a sustained increase in the general level of prices of goods and services, which reduces the purchasing power of money.

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