Housing Wire

AUGUST 19, 2021

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines.

Mortgages 505

Mortgages Fixed-rate mortgage Banks Finance 505

Housing Wire

SEPTEMBER 29, 2023

It’s no longer about just outlasting a bad market for a couple of months. “I Higher down payments and surging monthly mortgage payments are throttling borrowers’ personal finances, and prospective buyers are turning to family members to gift funds or sign up to be non-occupant co-borrowers.

Loan Officer 407

Loan Officer Mortgages Fixed-rate mortgage Loans 407

Housing Wire

NOVEMBER 3, 2021

The central bank’s Federal Open Markets Committee said Wednesday that thanks to “substantial further progress” the economy has made, it will reduce the pace of its $120 billion in monthly purchases by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities. It’s official.

Fixed-rate mortgage 446

Fixed-rate mortgage Banks Mortgages Finance 446

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 416

Mortgages Fixed-rate mortgage MLS Banks 416

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 427

Loans Mortgages Banks Fixed-rate mortgage 427

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%. Market indicators so far appear tentatively promising.

Equity 460

Equity Lending Banks Loans 460

Housing Wire

OCTOBER 16, 2023

The market is rocky, margins are tight. And the grind may not end anytime soon, Mortgage Bankers Association President and CEO Bob Broeksmit told attendees in a fiery speech at the trade group’s annual conference this week in Philadelphia. on a standard 30-year fixed-rate mortgage. And warehouse lines.

Fixed-rate mortgage 414

Fixed-rate mortgage Banks Lending Mortgages 414

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% Top Markets for Renovated Inventory. Among 75 U.S.

Renovation 542

Renovation Marketing Fixed-rate mortgage Mortgages 542

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. Still, there has been some progress in the labor market.

Fixed-rate mortgage 481

Fixed-rate mortgage Mortgages Banks Finance 481

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 trillion agency MBS portfolio? The Feds existing $2.7

Marketing 406

Marketing Purchase and sale agreement Investor Banks 406

Housing Wire

AUGUST 10, 2023

The grant funds can only be used toward the down payment on a Wells Fargo fixed-rate conventional loan secured by a property that will be the purchaser’s primary residence. Eligible buyers can combine the bank’s grant with other programs including — Wells Fargo’s Dream. Mortgage , and/or Closing Cost Credit.

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

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. The closer, the better.

Mortgages 521

Mortgages Marketing Lending Loans 521

Housing Wire

JUNE 29, 2022

The real estate market is cooling down. Reports released this week by several respected market observers point to less good and increased bad and ugly ahead for the housing market. Moody’s Investors Service , in a housing-market report released this week, puts some ugly back into the home-sales figures for May, however. “At

Marketing 417

Marketing Fixed-rate mortgage Mortgages Investor 417

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. Executives see opportunities for the consumer-direct channel to offer customers refinances when interest rates fall. of the loan servicing market, 3.1% of the consumer-direct segment.

Fixed-rate mortgage 414

Fixed-rate mortgage Principal Banks Loans 414

Housing Wire

JULY 27, 2022

through its affiliated companies, including real estate investment trust, or REIT, Angel Oak Mortgage Inc. AOMR)— has brought to market a total of five PLS deals backed by mortgage pools valued at $2.1 Creating a path to success in today’s purchase market. Counting this latest offering, Angel Oak Cos.

Marketing 382

Marketing Loans Investor Mortgages 382

Housing Wire

SEPTEMBER 20, 2023

The Federal Open Markets Committee paused its interest-rate hikes on Wednesday for the second time this year. Most Fed officials last June had penciled in two more rate rises this year, one in July and one more in the fall. Today’s decision not to raise rates will likely influence credit markets.

Fixed-rate mortgage 444

Fixed-rate mortgage Mortgages Investor MLS 444

Housing Wire

OCTOBER 27, 2022

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. A year ago at this time, rates averaged 3.14%. It may also be helpful to change the requirements of the down payment assistance programs, LOs say.

Mortgages 382

Mortgages Fixed-rate mortgage Loan Officer Seller concession 382

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.”. Normally, a period of rising mortgage rates cools housing prices. But this is no normal market. Presented by: Finance of America.

Mortgages 383

Mortgages Fixed-rate mortgage Loans Residential 383

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. What is a Turnkey Rental Property?

Finance 96

Finance FHA loan Investor Loans 96

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.

Fixed-rate mortgage 370

Fixed-rate mortgage Investor Mortgages Banks 370

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%. Per the Commerce Department ‘s data, the U.S. economy grew at a 1.1%

Mortgages 382

Mortgages Fixed-rate mortgage Loans Closing costs 382

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Mortgage rates have nearly doubled to around 6.5% According to the NAR, there were 1.28

Mortgages 417

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 417

Housing Wire

NOVEMBER 10, 2023

Because of that, they want to avoid any potential bidding wars by getting back into the market earlier rather than waiting for mortgage rates to drop further. What’s going on with mortgage rates? “So the fact that the Fed didn’t raise rates, the market rushed to say, ‘well, rates are going to get cut.’

Mortgages 427

Mortgages Fixed-rate mortgage Loans Banks 427

Housing Wire

NOVEMBER 10, 2022

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. Rates averaged 2.98% this time last year. “As ” In other words, mortgage lenders are adjusting their workforces for these dark days. .

Mortgages 370

Mortgages Loan Officer Banks Lending 370

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. HELOCs offer flexibility.

Equity 395

Equity Fixed-rate mortgage Principal Mortgages 395

Housing Wire

MARCH 29, 2023

“Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs.

Equity 380

Equity Lending Loans Banks 380

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. HELOCs offer flexibility.

Equity 383

Equity Fixed-rate mortgage Principal Loans 383

Marco Santarelli

MARCH 30, 2024

This uncertainty underscores the importance of personal financial planning and consulting with financial advisors to make the best decision based on individual circumstances and market conditions. Is It Better to Buy a House When Interest Rates Are High?

Fixed-rate mortgage 111

Fixed-rate mortgage Finance Equity Mortgages 111

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.

Mortgages 395

Mortgages Equity Loans Seller concession 395

Marco Santarelli

APRIL 12, 2024

As we look ahead to the next five years , potential homebuyers and current homeowners are keenly interested in how these rates might fluctuate, impacting affordability and the housing market at large. Budget for Fluctuations If you're in the market for a new home, budget for the possibility of higher rates.

Mortgages 116

Mortgages Fixed-rate mortgage Loans Closing costs 116

Marco Santarelli

APRIL 20, 2024

The average rate for a conventional 30-year fixed mortgage was reported at 7.22% , while the 15-year fixed mortgage stood at 6.657%. 30-year fixed: This enduringly popular option sits around 7.25% , reflecting a modest increase from the previous month. and reach 5.5% by the end of 2025.

Mortgages 119

Mortgages Fixed-rate mortgage Lending Banks 119

Marco Santarelli

NOVEMBER 1, 2023

The Looming Threat of a Housing Market Crash Fears of a housing market crash are looming large, casting a shadow of uncertainty as mortgage interest rates hover near 8%. As concerns grow, investors are advised to closely monitor the housing market's unpredictable fluctuations. economy and the real estate market.

Marketing 52

Marketing Fixed-rate mortgage Construction Residential 52

Marco Santarelli

MAY 10, 2024

Expert Predictions for 2024 A variety of forecasts from reputable sources provide insights into the expected mortgage rates trends in 2024 : Freddie Mac predicts that mortgage rates will remain above 6.5% The Mortgage Bankers Association (MBA) forecasts the 30-year fixed-rate mortgage to average 6.7%

Mortgages 52

Mortgages Fixed-rate mortgage MLS Banks 52

Marco Santarelli

APRIL 26, 2023

The housing market is an ever-changing landscape, with various factors influencing its trends and movements. One of the most significant factors impacting the housing market is interest rates. Housing market interest rates (or mortgage rates) play a crucial role in the decision-making process for both homebuyers and sellers.

Marketing 52

Marketing Debt-to-income ratio Fixed-rate mortgage Banks 52

RIS Media

APRIL 28, 2022

Mortgage rates edged down this week, but only slightly and remaining above the 5% mark, according to the results of this week’s Primary Mortgage Market Survey ® (PMMS ® ) from Freddie Mac, released Thursday. The survey shows the 30-year fixed-rate mortgage (FRM) averaged 5.10% this week.

Fixed-rate mortgage 98

Fixed-rate mortgage Mortgages Banks Investor 98

RIS Media

APRIL 7, 2022

That number was already eclipsed and now rates are quickly on the rise towards 5%, according to the latest Freddie Mac Primary Mortgage Survey (PMMS), released this week. Key findings: 30-year-fixed-rate mortgages averaged 4.72% with an average 0.8 Last year during this same period the rate was 3.13%.

Mortgages 98

Mortgages Fixed-rate mortgage Banks Investor 98

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.”

Loan Officer 395

Loan Officer Loans Investor Mortgages 395