Housing Wire

JUNE 21, 2022

The housing nightmare continues. Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. The only way this happens is higher rates.

Purchase and sale agreement 540

Purchase and sale agreement Marketing Sales Mortgages 540

Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Mortgage rates rose to 6.57%. The 10-year yield and mortgage rates Last week was interesting for the 10-year yield and mortgage rates.

Marketing 487

Marketing Banks Mortgages Sales 487

Housing Wire

MARCH 14, 2023

However, with the current banking stress news and the emergency action taken by the Fed to secure the banking sector, the question now is what will drive mortgage rates : inflation data, recessionary data, or something else we don’t even see coming? The chart below shows that shelter inflation is still rising.

Mortgages 383

Mortgages Banks Commercial Loans 383

Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory.

Mortgages 446

Mortgages Marketing Banks Closing 446

Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? This bond market is screaming at the Fed to cut rates.

Banks 383

Banks Marketing Mortgages As-is 383

Housing Wire

MARCH 15, 2022

In this HW+ Slack Q&A , Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, whether or not he has updates to his 2022 forecast and more. HousingWire: Let’s start with a bang Logan, will the inventory crisis end this year? Thus nullifying any mortgage yield declines? housing market.

Sales 446

Sales As-is Equity Mortgages 446

Housing Wire

OCTOBER 31, 2022

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good?

Bankruptcy 515

Bankruptcy Lending Equity Mortgages 515

Housing Wire

NOVEMBER 18, 2022

I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses. Total inventory data started at all-time lows at the beginning of 2022, creating more bidding war action in January and February, peaking in March.

Days on market 469

Days on market Marketing Sales Mortgages 469

Housing Wire

DECEMBER 29, 2021

A bullish housing market. We started the year with many pundits saying that the U.S. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020.

Marketing 532

Marketing Equity Construction Bankruptcy 532

Housing Wire

MAY 3, 2022

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. HousingWire: The best way to start is to talk about purchase application data, can you break that down for us? The last time we had 5% mortgage rates was in 2018.

Marketing 417

Marketing Mortgages Sales As-is 417

Housing Wire

AUGUST 4, 2023

Mortgage rates are finally headed lower after a crazy week of jobs data showing that the economy isn’t going into recession. From BLS : Total nonfarm payroll employment rose by 187,000 in July, and the unemployment rate changed little at 3.5 As you can see in the chart below, the job growth rate is slowing, as it should.

Mortgages 370

Mortgages Staging As-is Closing 370

Housing Wire

MAY 23, 2023

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. This article is part of our ongoing 2023 Housing Market Forecast series. After this series wraps, join us on May 30 for the next Housing Market Update Event.

Marketing 427

Marketing Sales Mortgages As-is 427

Housing Wire

MARCH 28, 2022

In this HW+ Slack Q&A , Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, whether or not he has updates to his 2022 forecast and more. However, since I had the possibility of the 10-year yield getting to 2.42% and 4% plus mortgage rates, I accounted for that in the range.

Marketing 370

Marketing Construction Equity Mortgages 370

Housing Wire

MARCH 31, 2022

Are we headed to a housing bubble? The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. Housing Bubble. The online reaction was immediate — housing must be about to crash. For the housing bubble 2.0 I disagree with this conclusion. Let me explain.

Bankruptcy 529

Bankruptcy Lending Mortgages Title 529

Housing Wire

DECEMBER 28, 2021

This article is part of our HousingWire 2022 forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. Boise is in a full-fledged housing crash!”

Fixed-rate mortgage 446

Fixed-rate mortgage Brokerage Agents Sales 446

Housing Wire

JANUARY 27, 2022

I have been a happy camper lately, particularly with the rise of the 10-year yield as I am seeking balance in the housing market. I retired in 2020 from the mortgage business after 24 years, so I understand how some people who were floating their rate lock might not feel this way. The chart below is instructive.

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Mortgages As-is Closing Marketing 407

Housing Wire

MAY 5, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. But affordability — or the lack thereof — is one of the main factors suggesting that the housing market’s bull run may be winding down. To register for the HW+ event, go here.

Marketing 370

Marketing FHA loan Loans Sales 370

Keeping Current Matters

NOVEMBER 23, 2021

The forbearance program is coming to an end and mortgage rates are beginning to rise. To make sure you aren’t paralyzed by a headline, turn to reliable resources for a look at what to expect from the housing market next year. There are already alarmist headlines starting to appear. Foreclosures Are Spiking Today.

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Mortgages Sales Marketing Loans 230

Housing Wire

FEBRUARY 2, 2021

Now that several vaccines are being distributed and hospitalizations appear to be on the decline in many areas, we can start thinking about life after COVID-19. Even before COVID-19, there was a rise in people working from home. And if WFH does stick, what will the consequences be for the housing market?

Marketing 419

Marketing As-is Mortgages Banks 419

Housing Wire

FEBRUARY 8, 2021

Not the forbearance plans themselves, which allowed mortgage holders to delay their payments for many months, but the fact that 2.72 Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing?

Marketing 544

Marketing Equity Loans Mortgages 544

Marco Santarelli

SEPTEMBER 16, 2023

If you're looking to buy a house, you might be wondering if you should buy a house or wait for a recession. It’s essential to weigh the pros and cons of buying a house now versus waiting for a recession. Buying a house during a recession can be a good idea if you are qualified and willing to wait for prices to drop.

Debt-to-income ratio 96

Debt-to-income ratio Loans Mortgages Short sale 96

Toronto Realty Blog

APRIL 29, 2024

My mortgage is up for renewal in November of 2024. I closed on my current home in August of 2018 and at the time I had a variable rate. But the funny thing about variable versus fixed rates is that they can fluctuate and the gap between them can expand or contract. Where In The World Are Those Rate Cuts?

Fixed-rate mortgage 84

Fixed-rate mortgage Banks Lending Mortgages 84

Toronto Realty Blog

JANUARY 11, 2024

Forget about the fact that most of these “new” listings are re-lists from last fall, but the fact that my gut instinct is not to scroll down and look at the specs, but rather to see if this property is truly new or a re-list, tells you all you need to know about the quality of inventory out there. Any new developments?

Fixed-rate mortgage 73

Fixed-rate mortgage Banks Mortgages Construction 73

The Close

JUNE 22, 2023

But for value-seeking investors like myself, the scariest time to invest is actually in a good economy, when housing prices are rising at a blistering pace. Despite this, many agents have a hard time persuading would-be investors that a downturn is the right time to jump into the real estate market and start investing.

Investor 116

Investor Debt-to-income ratio New Construction Construction 116

Lighter Side of Real Estate

DECEMBER 9, 2021

And you’ll probably hear people’s opinions on whether it’s a good time to buy or sell a house. But a lot of times it’s “backed up” by what they’ve read or heard in the news, which is often just from a headline like, “ Home Price Growth Is Finally Decelerating—and It’s Just the Start ”, which Fortune recently published.

As-is 102

As-is Mortgages Agents Marketing 102

Toronto Realty Blog

JUNE 2, 2023

TorontoRealtyBlog Do you remember a twelve-month period where we talked about interest rates any more than we have since this time last year? I’ve been around for almost two decades and I’ve seen just about everything when it comes to interest rates. In July of 1980, the Bank of Canada overnight rate was 9.93%.

Banks 70

Banks As-is Marketing Mortgages 70

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. So where does all that drama leave us for 2023?

Marketing 543

Marketing Mortgages Sales As-is 543

Housing Wire

DECEMBER 26, 2022

Starting this week, I will analyze weekly data in a Housing Market Tracker article every Monday to provide a status update on the U.S. housing market and economy. This weekly tracker will give you updates on the data lines that don’t need to wait for monthly housing data reports. . Housing market inventory.

Marketing 505

Marketing Mortgages Sales As-is 505

Realty Biz

AUGUST 26, 2022

Many people remember the financial and housing crises of 2007 and 2008. That’s when the overheated housing market didn’t just slow down but instead went into a tailspin with millions of home prices dropping below the amount of the mortgage. These are known as ‘underwater’ mortgages. Mortgage practices have changed.

Lending 104

Lending Equity Loans Banks 104

Housing Wire

JANUARY 2, 2023

The housing market has been wild the last few years, making weekly data more critical. This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. The 10-year yield shows where mortgage rates will go.

Marketing 454

Marketing Mortgages Sales As-is 454

Toronto Realty Blog

JUNE 20, 2022

Energy, groceries, shelter costs drive fastest rise in consumer-price index since December 1981. That was the headline of the article. The prime interest rate was jacked up, over and over, spiking at an astonishing 21.5% Historically, the best way to combat inflation is to raise interest rates. Inflation Hit 8.6%

Principal 97

Principal Fixed-rate mortgage Pre-approval Mortgages 97

Redfin

APRIL 28, 2023

Mortgage interest rates are always changing – moving up and down each day, even each hour. These quick changes can impact the amount you pay when you refinance or close on your mortgage. However, locking in your mortgage rate does come with some risk. What does it mean to lock in my interest rate?

Mortgages 65

Mortgages Pre-approval Loans Closing 65

Marco Santarelli

OCTOBER 18, 2022

Projected Interest Rates in 5 Years. Unless you have a crystal ball that can predict the future, it's impossible to know how much interest rates will rise in the coming five years. The agency anticipates 2022 short-term interest rates to rise substantially. Capital Economics thinks inflation will reach 2.6%

Mortgages 52

Mortgages Loans Investor As-is 52

Housing Wire

JANUARY 12, 2022

Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020. Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently. million and 6.16

Days on market 537

Days on market Loans Mortgages Sales 537

Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Active housing inventory grew while new listing data fell. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports.

Marketing 487

Marketing Mortgages Banks Sales 487

Toronto Realty Blog

DECEMBER 3, 2021

Did you read this article in the Globe & Mail last month? However, with continued appreciation over the course of two decades, renters have been left behind, and in my opinion, will continue to fall further behind thereafter. I had a few TRB readers email me the above article and ask for my opinion.

Mortgages 95

Mortgages As-is Equity Finance 95

Redfin

DECEMBER 6, 2023

This Redfin article will delve into the intricacies of buying a house in New York, guiding you through this vibrant and fast-paced market. Check out this article to learn more about the pros and cons of living in New York. Martin House to the Albright-Knox Art Gallery’s world-class exhibitions. year-over-year.

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Purchase and sale agreement Pre-approval Closing costs Sales 61