Housing Wire

OCTOBER 16, 2023

.” With that, Broeksmit rattled off a number of grievances against foes the Beltway. Mortgage rates On the day Broeksmit addressed the crowd in Philadelphia, mortgage rates were north of 7.7% on a standard 30-year fixed-rate mortgage. Not just mortgages, but servicing.

Fixed-rate mortgage 421

Fixed-rate mortgage Banks Lending Mortgages 421

Housing Wire

JANUARY 25, 2024

Mortgage rates stabilized in the past week but remain close to the narrow range observed since the start of this month. The 30-year fixed-rate mortgage averaged 6.69% as of Jan. 25, an increase from last week’s figure of 6.60%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 421

Mortgages Fixed-rate mortgage MLS Banks 421

Housing Wire

AUGUST 12, 2021

The average 30-year fixed-rate mortgage rose to 2.87% for the week ending in August 12, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The increase follows six consecutive weeks of mortgage rate declines.

Fixed-rate mortgage 485

Fixed-rate mortgage Mortgages Banks Finance 485

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Loans 432

Loans Mortgages Banks Fixed-rate mortgage 432

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. 16 in the most recent rankings.

Equity 466

Equity Lending Banks Loans 466

Housing Wire

APRIL 9, 2024

Regarding Termine, the Hunterbrook Media spokesperson said the lawyer exposed the Paul Manafort loan scandal , his prior reporting led to multiple criminal convictions, including that of a bank CEO, and he didn’t work for Rocket. “He He worked for an independent mortgage broker that actually shopped between options.

Fixed-rate mortgage 441

Fixed-rate mortgage Loans Mortgages Loan Officer 441

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. billion, according to data from Inside Mortgage Finance. homeowners with mortgages have an interest rate below 6%, according to Redfin.

Loan Officer 370

Loan Officer Marketing Pre-approval Fixed-rate mortgage 370

Housing Wire

OCTOBER 26, 2023

According to Spector, many of the borrowers who are locked in a low, fixed-rate mortgage are incentivized to stay in their homes. Spector said banks are stepping back from the correspondent channel amid expectations of increasing capital requirements through the Basel III rules. In this channel, the company reached $23.9

Fixed-rate mortgage 421

Fixed-rate mortgage Principal Banks Loans 421

Housing Wire

OCTOBER 27, 2022

Borrowers are now seeking options to reduce their initial mortgage payments while hoping that rates will decline enough to warrant a refinance in the next few years. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose 14 basis points from last week to 7.08%, accelerating its upward trajectory.

Mortgages 384

Mortgages Fixed-rate mortgage Loan Officer Seller concession 384

Housing Wire

SEPTEMBER 22, 2022

The senior debt offering in the securitization was oversubscribed, with participation across mutual funds, credit funds, banks and asset managers,” Unlock’s announcement of the deal states. The interest rate for a 30-year, fixed-rate mortgage averaged 6.47% on Tuesday, Sept. 21, according to Mortgage News Daily.

Equity 384

Equity Marketing Fixed-rate mortgage Finance 384

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

Finance 96

Finance FHA loan Investor Loans 96

Housing Wire

APRIL 7, 2022

“The increase in mortgage rates has softened purchase activity such that the monthly payment for those looking to buy a home has risen by at least 20% from a year ago.”. Presented by: Finance of America. The latest MBA survey this week found that the landscape is reducing borrowers’ demand for mortgages. mortgage points.)

Mortgages 384

Mortgages Fixed-rate mortgage Loans Banks 384

Housing Wire

SEPTEMBER 20, 2023

Most Fed officials last June had penciled in two more rate rises this year, one in July and one more in the fall. Most investors are already wondering what it would take for the central bank to lift rates again later this year. range on Wednesday morning, according to interest rate traders. However, only 70.9%

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages Investor MLS 450

Housing Wire

JULY 26, 2023

The Federal Reserve (Fed) raised the federal funds rate 25 basis points to the 5.25 While the markets have already “priced in” this rate hike, which was widely expected, most investors are already wondering what it would take for the central bank to lift rates again later this year. research and consulting at TransUnion.

Fixed-rate mortgage 370

Fixed-rate mortgage Investor Mortgages Banks 370

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. mortgage market was ripe for refinancing, but today closer to 10%. . He points out that in 2021, 85% of the U.S.

Mortgages 370

Mortgages Marketing Banks Loans 370

Housing Wire

JANUARY 25, 2022

The Community Home Lenders Association (CHLA), which represents small and mid-sized IMBs, just sent a letter to the Federal Housing Finance Authority (FHFA) , asking for tweaks to FHFA’s recently announced fee hikes on second home and high balance Fannie Mae and Freddie Mac loans. Are these proponents referring to banks?

Marketing 370

Marketing Fixed-rate mortgage Banks Loans 370

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 About 9.1%

Mortgages 421

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 421

Housing Wire

APRIL 27, 2023

Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed mortgage rate increased to 6.43% as of April 27, up four basis points from last week and 133 basis points from this time last year, when rates averaged 5.10%.

Mortgages 384

Mortgages Fixed-rate mortgage Loans Closing costs 384

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. homeowners.

Equity 397

Equity Fixed-rate mortgage Principal Mortgages 397

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. homeowners.

Equity 384

Equity Fixed-rate mortgage Principal Loans 384

Housing Wire

SEPTEMBER 9, 2022

The nonagency share of the market has been rising slowly since then, reaching 4.32% in 2021, according to recent analysis by the Urban Institute ’s Housing Finance Policy Center. In August 2021, the 30-year fixed-rate mortgage rate stood at approximately 2.75%,” a recent KBRA report on the nonagency RMBS market states.

Marketing 410

Marketing Fixed-rate mortgage Bankruptcy Mortgages 410

Housing Wire

APRIL 14, 2022

“It doesn’t make sense to start raising interest rates [to fight inflation] without running off their MBS portfolio,” said Laurie Goodman, vice president for housing finance policy and the founder of the Housing Finance Policy Center at the Urban Institute. by the end of the year. in 2009 to 1.9%

Marketing 410

Marketing Purchase and sale agreement Investor Banks 410

Housing Wire

NOVEMBER 10, 2023

“It will not surprise me at all if there’s some intervening speeches that push rates back up on the 10-year Treasury yield,” Duncan said. 9 – a little more than a week after the Fed held benchmark rates steady – Powell said that the central bank is not confident it has done enough to bring inflation down. “My

Mortgages 432

Mortgages Fixed-rate mortgage Loans Banks 432

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. over the past 12 months to 6,121.

Mortgages 370

Mortgages Loan Officer Banks Lending 370

Housing Wire

OCTOBER 8, 2021

Despite average 30-year mortgage rates that have remained below 3% for most of 2021, the rapid home price increases are eroding affordability for average wage earners. Even with an average 30-year fixed rate mortgage of 2.84% in August , the 14.9% On average, the price of the renovated properties was 3.5

Renovation 543

Renovation Marketing Fixed-rate mortgage Mortgages 543

Housing Wire

MARCH 29, 2023

The Towd Point deal involved HELOCs as well as CES loans originated by nonbanks Rocket Mortgage and Spring EQ. The Towd Point offering, according to a Kroll Bond Rating Agency (KBRA) report, closed in early March, prior to the March 10 collapse of Silicon Valley Bank (SVB). to 2 points.”

Equity 384

Equity Lending Loans Banks 384

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. year over year.

Mortgages 522

Mortgages Marketing Lending Loans 522

Realtor.com

MARCH 15, 2021

This mandated seller financing package appears to me to be like subprime lending even though my wife and I have 750 and above credit scores and could qualify for today’s low mortgage rates. We paid $222,000 for the home, with a $44,400 cash down payment (20%) and financing $177,600 for 30 years.

Finance 70

Finance Due diligence Fixed-rate mortgage Lending 70

Marco Santarelli

MARCH 30, 2024

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. High inflation typically leads to higher interest rates as a measure to cool down the economy and stabilize prices.

Fixed-rate mortgage 111

Fixed-rate mortgage Finance Equity Mortgages 111

Housing Wire

JUNE 29, 2022

Supporting the ugly outlook for the housing market is the release today, June 29, of the quarterly CF O Survey , conducted jointly by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta. The survey of more than 300 U.S. economy continuing to decline. compared with 54.8 in the prior quarter and 60.3

Marketing 421

Marketing Fixed-rate mortgage Mortgages Investor 421

Marco Santarelli

APRIL 12, 2024

The average 30-year fixed mortgage rate has remained below 7% in 2024 , with expectations of a gradual decrease over the year, assuming the Federal Reserve implements anticipated interest rate cuts. by the end of 2025.

Mortgages 116

Mortgages Fixed-rate mortgage Loans Closing costs 116

Housing Wire

AUGUST 25, 2022

“For some smaller originators, it could kind of move the needle,” said Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW). “But I don’t think it can be meaningful for the big companies just because these other markets are smaller than the traditional mortgage market.”

Mortgages 397

Mortgages Equity Loans Seller concession 397

Marco Santarelli

APRIL 20, 2024

Experts from various financial institutions and housing associations have weighed in, providing a consensus that, while the rates may not see a dramatic drop, there is an expectation of a downward trend. The Mortgage Bankers Association (MBA) forecasts that the 30-year fixed-rate mortgage will end 2024 at 6.1%

Mortgages 119

Mortgages Fixed-rate mortgage Lending Banks 119

Housing Wire

JULY 27, 2022

As of early May, just after the first quarter ended, Freddie Mac reported that the 30-year fixed-rate mortgage average was at 5.27%, up from 5.1% As of July 21, Freddie Mac reports the interest rate for a 30-year fixed mortgage averaged 5.54%. a week earlier. billion.

Marketing 384

Marketing Loans Investor Mortgages 384

Point2Homes

AUGUST 26, 2021

Conventional loans are provided through private lenders, banks or credit unions. Here are the most common types to look out for: Fixed-Rate Mortgages. These mortgages span several years and feature an interest rate that stays the same for the duration. Conforming and Non-Conforming Mortgages.

Loans 103

Loans Mortgages Fixed-rate mortgage FHA loan 103

RIS Media

APRIL 28, 2022

The survey shows the 30-year fixed-rate mortgage (FRM) averaged 5.10% this week. Key findings: 30-year fixed-rate mortgage averaged 5.10% with an average 0.8 15-year fixed-rate mortgage averaged 4.40% with an average 0.9 household mortgage trends. Thus, we may see a change in U.S.

Fixed-rate mortgage 98

Fixed-rate mortgage Mortgages Banks Investor 98

Realty Biz

NOVEMBER 24, 2022

If you not only live within an HOA but work for one that needs help managing its finances, consider opening an HOA checking account that can be used to pay for the frequent expenses that come up. For example, Western Alliance Bank offers an HOA checking account with no fees and that pays a competitive rate. percent, which is 3.85

Industrial 94

Industrial Fixed-rate mortgage Banks Closing 94