Housing Wire

SEPTEMBER 30, 2021

A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%. The 15-year fixed-rate mortgage averaged 2.28%, up from last week when it averaged 2.15%. Mortgage rates have remained low in large part because of the Federal Reserve’s consistent monthly purchases of $120 billion in U.S.

Fixed-rate mortgage 491

Fixed-rate mortgage Mortgages Banks Loans 491

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 400

Fixed-rate mortgage Loans Mortgages Loan Officer 400

Housing Wire

AUGUST 10, 2023

Eligible buyers can combine the bank’s grant with other programs including — Wells Fargo’s Dream. Mortgage , and/or Closing Cost Credit. Home prices are on the rise again, mortgage rates are over 7% and the lack of existing homes for sale continues to put pressure on first-time homebuyers.

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

Housing Wire

SEPTEMBER 16, 2021

According to Freddie Mac, the 30-year-fixed-rate mortgage was down slightly from last week’s 2.88% (with an average of 0.7 The 15-year-fixed-rate mortgage averaged 2.12% last week, a slight decline from the prior week’s 2.19%. A year ago, the average 15-year-fixed-rate mortgage was 2.35%.

Fixed-rate mortgage 479

Fixed-rate mortgage Mortgages Lending Loans 479

Housing Wire

OCTOBER 7, 2021

“Unfortunately, with the expectation that both mortgage rates and home prices will continue to rise, competition remains high and housing affordability is declining.”. The previous week, the average 30-year-fixed mortgage rate rose 13 basis points to 3.01%. Treasury bonds and mortgage-backed securities.

Mortgages 485

Mortgages Fixed-rate mortgage Banks Development 485

Housing Wire

OCTOBER 16, 2023

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. Mortgage applications are at multi-decade lows, and housing inventory remains highly depressed, helping push home prices up. And warehouse lines.

Fixed-rate mortgage 398

Fixed-rate mortgage Banks Lending Mortgages 398

Housing Wire

FEBRUARY 3, 2023

The past few years in the housing industry have been nothing short of unprecedented. In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. Residential Lending at TD Bank. Steve Kaminski is head of U.S.

Renovation 376

Renovation Fixed-rate mortgage Equity Finance 376

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

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

JANUARY 18, 2021

Just two weeks into the new year, Freddie Mac reported that mortgage rates climbed 14 basis points to 2.79% , a dramatic contrast to 2020, a year in which mortgage rates set record lows 16 times. Freddie Mac’s quarterly forecast estimates that the average 30-year fixed-rate mortgage will be 2.9%

Mortgages 545

Mortgages Fixed-rate mortgage Banks Industrial 545

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 395

Fixed-rate mortgage Principal Banks Loans 395

Housing Wire

SEPTEMBER 29, 2023

LOs told HousingWire that they were quoting borrowers in the mid-to-high 7% range for 30-year fixed-rate mortgages this week, even greater than the 7.31% figure reported by Freddie Mac on Thursday. There’s growing concern in the mortgage industry that rates could even touch 8% before they fall below 7%.

Loan Officer 410

Loan Officer Mortgages Fixed-rate mortgage Loans 410

Housing Wire

OCTOBER 19, 2022

A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders.

VA loan 390

VA loan FHA loan Fixed-rate mortgage Banks 390

Housing Wire

OCTOBER 14, 2021

.” Mortgage rates have been kept low in part because of the Federal Reserve’s massive monthly purchases of $120 billion in U.S. Treasury bonds and mortgage-backed securities. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.81%. Presented by: Black Knight. for the week ending Oct.

Fixed-rate mortgage 396

Fixed-rate mortgage Mortgages Lending Banks 396

Housing Wire

JUNE 14, 2023

The Federal Reserve (Fed) maintained the federal funds rate in the 5% to 5.25% range on Wednesday, following 10 consecutive hikes that brought rates to a level never seen since 2007. The Fed imposed its fastest series of rate increases since the 1980s, but it wants to avoid over-tightening and causing a significant recession. “In

Banks 381

Banks Fixed-rate mortgage Mortgages Investor 381

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. PrimeLending, led by president and CEO Steve Thompson, ranked as the 34th largest mortgage lender in the first quarter of 2023, with an estimated origination volume of $1.73

Loan Officer 356

Loan Officer Marketing Pre-approval Fixed-rate mortgage 356

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The mortgage industry is still rightsizing following nearly two years of historically low rates.

Mortgages 368

Mortgages Loan Officer Fixed-rate mortgage Loans 368

Housing Wire

APRIL 7, 2023

Musk went on to comment that the rise in defaults among commercial and residential loans could “hammer” banks. This remark comes on the heels of the collapse of Silicon Valley Bank on March 10, the second-biggest bank failure in U.S. When this back and forth was unfolding, mortgage demand rose 2.9%

Commercial 368

Commercial Banks Fixed-rate mortgage Residential 368

Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. It was the expectation that the U.S.

Mortgages 466

Mortgages Fixed-rate mortgage Investor Loans 466

Housing Wire

SEPTEMBER 23, 2021

HousingWire spoke to Sage Nichols about some of the current trends and technology in mortgage underwriting and how CoreLogic’s Complete Collateral is helping underwriters work more efficiently. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%. Presented by: CoreLogic.

Mortgages 450

Mortgages Fixed-rate mortgage Construction Banks 450

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. mortgage industry to fund $4.1 trillion in 2023.

Marketing 421

Marketing Fixed-rate mortgage Loan Officer Pre-approval 421

Housing Wire

OCTOBER 28, 2021

“Mortgage rates are also rising, but purchase demand remains firm, showing that latent purchase demand exists among consumers,” he added. Last week, the average 30-year-fixed mortgage rate slightly came in at 3.09%, while a year ago today the 30-year fixed-rate mortgage averaged 2.81%.

Mortgages 479

Mortgages Fixed-rate mortgage Banks Development 479

Housing Wire

FEBRUARY 9, 2022

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, mortgage rates continued to climb “as the Federal Reserve and other key global central banks responded to growing inflationary pressures and signaled that they will start to remove accommodative policies.”.

Fixed-rate mortgage 383

Fixed-rate mortgage Loans Mortgages Banks 383

Housing Wire

DECEMBER 7, 2022

Industry analysts say they expect loan volume to remain depressed for at least the next two quarters, meaning it will be a long winter for loan originators. The recent declines in mortgage rates brought a glimmer of hope that borrowers might be developing more of a stomach for home loans. non-bank financial institutions.

Mortgages 359

Mortgages Fixed-rate mortgage Loans Loan Officer 359

Housing Wire

MAY 3, 2023

The Federal Reserve affirmed on Wednesday that its next key federal funds rate hikes will depend on incoming data. In turn, economists and housing industry experts have now turned their attention toward the June meeting, as that decision will dictate the future movement of mortgage rates.

Mortgages 388

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage 388

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 451

Equity Lending Banks Loans 451

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. Past is Present.

Mortgages 367

Mortgages Marketing Banks Loans 367

Housing Wire

MAY 19, 2022

“General uncertainty about the near-term economic outlook, as well as recent stock market volatility, may be causing some households to delay their home search,” Joel Kan, associate vice president of economic and industry forecasting at MBA, said in a statement. The 15-year fixed-rate mortgage averaged 2.29% last year.

Mortgages 466

Mortgages Fixed-rate mortgage Banks Loans 466

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 430

Mortgages Fixed-rate mortgage Loans Banks 430

Realty Biz

NOVEMBER 24, 2022

When it comes to interesting and quickly changing trends in the real estate industry, 2022 has definitely been a banner year. For example, Western Alliance Bank offers an HOA checking account with no fees and that pays a competitive rate. Mortgage Interest Rates are Quickly Increasing. percent, which is 3.85

Industrial 94

Industrial Fixed-rate mortgage Banks Closing 94

Housing Wire

SEPTEMBER 9, 2022

The frenetic pace of growth in nonagency issuance has since slowed, however, due to a variety of market pressures — chief among them the contraction of mortgage originations in the face of fast-rising interest rates. “In Less than one year later, in June 2022, the rate reached 5.8% …. “In

Marketing 381

Marketing Fixed-rate mortgage Bankruptcy Mortgages 381

Housing Wire

JUNE 15, 2022

“There was too much 30-year [fixed-rate mortgage paper] out there in the market for a while because it was just so cheap, and it was the right thing for the consumer,” said Matt Tomiak, senior vice president of nonagency originations at Bayview Asset Management. The topic of the panel discussion : “What’s New in Non-Agency?”. “I

Mortgages 363

Mortgages Fixed-rate mortgage Loans Investor 363

Housing Wire

JUNE 9, 2022

Minutes from the Fed’s meeting earlier this month showed policymakers emphasized the need to quickly raise interest rates to bring consumer prices closer to the Fed’s 2% goal. The central bank raised the interest rate by a half percentage point on May 4 and unveiled a plan to reduce its $9 trillion asset portfolio.

Mortgages 380

Mortgages Fixed-rate mortgage Loans Banks 380

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 372

Mortgages Fixed-rate mortgage Loan Officer Seller concession 372

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. trillion.

Equity 392

Equity Fixed-rate mortgage Principal Mortgages 392

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 358

Mortgages Fixed-rate mortgage Loans Banks 358

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% The median existing house price increased 7.7%

Mortgages 418

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 418