Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. for 30-year fixed-rate loans. for 30-year fixed-rate loans.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

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. When you have an interest rate in the high 2% level and low 3% range, which many people do now, why would you want to sell your house?”

Loans 377

Loans Renovation Construction Mortgages 377

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates have nearly doubled to around 6.5% Following the Fed’s decision to raise interest rates by an additional 75 basis points on Wednesday, the central bank said it will hike rates as high as 4.6% Before the Federal Reserve raised the federal funds rate by 0.75 According to the NAR, there were 1.28

Mortgages 401

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 401

Housing Wire

NOVEMBER 1, 2022

Since 2008, major banks have pumped over $25 trillion into the global economy. 30-year fixed rate mortgages were at a historic 2.68% low as recently as December 2020 according to Freddie Mac , but skyrocketing property values pushed many frustrated buyers out of the market and into renting. Student Loan Debt.

Fixed-rate mortgage 337

Fixed-rate mortgage Loans Banks New Construction 337

Marco Santarelli

MARCH 30, 2024

When interest rates are high, borrowing becomes more expensive, which can slow down economic activities such as home buying and construction. The Role of Inflation in Interest Rate Determination Inflation is another critical factor that central banks, like the Federal Reserve, consider when setting interest rates.

Fixed-rate mortgage 110

Fixed-rate mortgage Finance Equity Mortgages 110

McKissock

MAY 30, 2023

Interest rates According to Freddie Mac, interest rates increased after a two-week decrease, with the average 30-year fixed-rate mortgage rising from 6.35% to 6.39% between May 11 and 18. As a potential recession looms, we may have reached the peak of this rate cycle, though rates are known for their volatility.

Banks 73

Banks Commercial Construction Fixed-rate mortgage 73

Marco Santarelli

OCTOBER 14, 2023

According to Freddie Mac's Primary Mortgage Market Survey (PMMS) , which tracks the average rates for 30-year fixed-rate mortgages since 1971 , mortgage rates have ranged from a record low of 2.65% in January 2021 to a record high of 18.63% in October 1981. to 8.6% , averaging around 6.2%

Debt-to-income ratio 74

Debt-to-income ratio Mortgages Fixed-rate mortgage Construction 74

Realty Biz

MARCH 30, 2023

Understand the Types of Mortgages, Interest Rates, and Fees Before you can get started, it's important to understand the different types of mortgages available and the associated interest rates. To get the best rate for your situation, be sure to look closely at each type of mortgage.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Marco Santarelli

SEPTEMBER 22, 2023

Loosening lending standards : Lenders who are willing to extend credit to borrowers with weak credit histories or offer loans with minimal down payments are engaging in risky lending practices that could lead to a housing bubble. their mortgage balance is greater than the value of their home) may be more likely to default on their mortgages.

Pre-approval 98

Pre-approval Fixed-rate mortgage Lending Equity 98

Notorious ROB

MARCH 16, 2023

(which means the world) is undergoing a crisis in banking. As of this writing, three major regional banks have failed (Silvergate, Signature, and of course, Silicon Valley Bank), four others were at the verge of failing until “rescued” by the Feds, and one international giant is teetering (Credit Suisse).

Banks 72

Banks Finance Fixed-rate mortgage Loans 72

The Close

DECEMBER 29, 2022

Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan. 4 Loan Questions Worth Asking. Basically, amortization is the preset schedule of mortgage loan payments, including interest, over time.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

Toronto Realty Blog

SEPTEMBER 8, 2022

But let’s leave interest rates off the list, even though the Bank of Canada increased the overnight lending rate by 0.75% on Wednesday, because we knew that was going to happen. I want to talk about three things: trigger rates, variable vs. fixed spread, and alternative lenders.

Marketing 91

Marketing Fixed-rate mortgage Banks Principal 91

Realty Biz

DECEMBER 18, 2021

Specific to real estate, inflation is going to drive both higher mortgage rates and higher property values. Even if the pace of construction picks up, new construction (supply) will be more expensive due to inflation. This is key to the unique window of opportunity that real estate currently has in this time of inflation.

Fixed-rate mortgage 81

Fixed-rate mortgage Investor Mortgages Construction 81

Rent, Buy & Sell

JANUARY 20, 2023

Today’s Current Mortgage Rates The average APR fell on a 30-year fixed mortgage today, slipping to 6.40% from 6.57%. Meanwhile, the average APR on the 15-year fixed mortgage is 5.66%. This same time last week, the 15-year fixed-rate mortgage APR was at 5.89%. Rates are quoted as APR.

Mortgages 59

Mortgages Lending Fixed-rate mortgage Inspection 59

Toronto Realty Blog

JANUARY 6, 2022

I mean, have you seen the “CAT Construction” trucks? Once upon a time, we saw a mortgage as a large liability. “I owe that much money to the bank,” we might think. Today, most of us, especially myself, see a mortgage as a payment plan. I was sent to get one toy, but left with six. Not a chance.

Fixed-rate mortgage 99

Fixed-rate mortgage Banks Mortgages As-is 99

Toronto Realty Blog

SEPTEMBER 7, 2023

I don’t know if I expected the readers to have sympathy for variable rate borrowers who had amnesia in 2023 and forgot that they made a choice two years ago when they obtained a mortgage, but there were certainly some “looks good on ‘ya” comments. She wants to establish a Secure Affordable Homes Fund.

Marketing 80

Marketing Land Development Banks 80

Marco Santarelli

AUGUST 5, 2020

Social-distancing requirements are also likely to hold construction back in the coming months. Under normal market conditions, prices would be expected to skyrocket as inventory declines at a faster rate, but buyer demand is expected to see-saw throughout 2020 as the second wave of coronavirus pandemic pop-ups in fall.

Marketing 145

Marketing Fixed-rate mortgage Sales Mortgages 145

Marco Santarelli

AUGUST 27, 2020

Many construction projects were also canceled or postponed indefinitely. With 2020 being, theoretically, in the middle of a boom, there are still 4 years for residential construction to surge. Construction is also a significant component of the economy. The low unemployment rate of 3.5% home prices).

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128

HomeLight

AUGUST 31, 2021

That may be around the same or double what you’ll pay again in closing costs when you eventually get a mortgage on the house. You’re likely to run into appraisal problems , and no bank is going to sign off on a mortgage for more money than the house is actually worth. What if you don’t like it?

Purchase and sale agreement 120

Purchase and sale agreement Due diligence Closing costs Mortgages 120

Marco Santarelli

SEPTEMBER 5, 2020

With 2020 being, theoretically, in the middle of a boom, there are still 4 years for residential construction to surge. The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 135

Marketing Purchase and sale agreement Investor Sales 135

Marco Santarelli

SEPTEMBER 8, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88% in the first week of August. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 105

Marketing Purchase and sale agreement Investor Closing 105

Marco Santarelli

SEPTEMBER 7, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 126

Marketing Investor Sales As-is 126

Marco Santarelli

JULY 30, 2020

Last week, the average rate on 30-year fixed-rate mortgages dipped below 3% for the first time on record and this week stood at 3.01%, down from 3.75% a year ago, according to Freddie Mac. That’s five times the average rate for Los Angeles County. In distressed neighborhoods, fix and flip may be an option.

Marketing 139

Marketing Investor Sales As-is 139