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 418

Loans Mortgages Banks Fixed-rate mortgage 418

Housing Wire

MARCH 30, 2023

Mortgage rates declined for the third consecutive week, sparking hope for a good homebuyers’ spring season. But while rates have dropped, the housing market has continued to be challenged by low inventory levels. The survey shows the same rate was 4.67% a year ago. Mortgage rates, directly correlated to the U.S.

Marketing 516

Marketing Fixed-rate mortgage Banks Mortgages 516

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. Mortgage rates have been roughly flat for months now. This has led to a rise in foreign investor purchases of U.S. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%. 22 was 1.32.

Mortgages 441

Mortgages Fixed-rate mortgage Construction Banks 441

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 356

Mortgages Fixed-rate mortgage Loans Banks 356

Housing Wire

MARCH 29, 2022

Mike Cagney didn’t expect to be releasing a cryptocurrency-backed 30-year fixed-rate mortgage product so soon. The plan was for Figure Technologies to launch such a product only after completing the merger with multichannel mortgage lender Homebridge Financial Services. Per Crunchbase , the company has raised $1.6

Mortgages 380

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Housing Wire

JUNE 15, 2022

A panel of experts assembled at a recent Mortgage Bankers Association (MBA) conference in New York predicted that adjustable-rate mortgages (ARMs) will become far more popular this year as purchase mortgages increasingly dominate a housing market contending with fast-rising interest rates. Learn more here!

Mortgages 357

Mortgages Fixed-rate mortgage Loans Investor 357

Housing Wire

APRIL 7, 2022

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. A year ago at this time, rates were at 3.13%. Another index shows mortgage rates even higher.

Mortgages 382

Mortgages Fixed-rate mortgage Loans Residential 382

Housing Wire

MAY 24, 2023

The Federal Reserve ‘s monetary tightening policy and the recent banking crisis have the potential to change the mortgage-backed securities (MBS) market’s dynamics more than anything seen over the last two decades, according to secondary market experts. They are likely to be replaced by money managers as investors.

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Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. A year ago at this time, rates averaged 3.14%. United Wholesale Mortgage (UWM) launched the product in August.

Mortgages 368

Mortgages Fixed-rate mortgage Loan Officer Seller concession 368

Housing Wire

JULY 26, 2023

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. For the housing market, that likely means a few more months with mortgage rates above 6%. What’s next?

Fixed-rate mortgage 370

Fixed-rate mortgage Investor Mortgages Banks 370

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 378

Banks Fixed-rate mortgage Mortgages Investor 378

Housing Wire

OCTOBER 16, 2023

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. The Fed, for example, could buy mortgage-backed securities.

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Fixed-rate mortgage Banks Lending Mortgages 387

Marco Santarelli

APRIL 20, 2024

As of April 19, 2024, the mortgage landscape in the United States has been marked by a period of fluctuation, with rates experiencing a slight increase. 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%. and reach 5.5%

Mortgages 119

Mortgages Fixed-rate mortgage Lending Banks 119

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.

Mortgages 519

Mortgages Marketing Lending Loans 519

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. In early January, rates were as low as 3.4%.

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Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgages 391

Mortgages Equity Loans Seller concession 391

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. Today’s decision not to raise rates will likely influence credit markets.

Fixed-rate mortgage 419

Fixed-rate mortgage Mortgages Investor MLS 419

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year.

Marketing 371

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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% I think so too.

Commercial 360

Commercial Banks Fixed-rate mortgage Residential 360

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 393

Loan Officer Loans Investor Mortgages 393

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. ARMs came up at almost every meeting, so it’s very relevant.”.

Industrial 441

Industrial Loan Officer Fixed-rate mortgage Lending 441

Housing Wire

MARCH 3, 2022

Despite the global turmoil sparked by Russia’s recent invasion of Ukraine and the volatility in interest rates that has followed, the mortgage servicing rights (MSR) market remains on track to record one of its most dynamic runs in decades, according to multiple market experts. Treasuries, which drives those rates down. “As

Marketing 343

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Housing Wire

MARCH 29, 2023

Homeowners collectively nationwide now have more than $10 trillion in tappable equity (equity beyond a 20% cushion) tied up in their properties, according to the Black Knight Mortgage Monitor. The Towd Point deal involved HELOCs as well as CES loans originated by nonbanks Rocket Mortgage and Spring EQ. to 2 points.”

Equity 356

Equity Lending Loans Banks 356

Housing Wire

JANUARY 25, 2022

With the implosion of the Private Label Securities (PLS) market after the subprime fiasco in 2008, Fannie Mae and Freddie Mac (along with FHA) have assumed an increasing market share of the origination of 30-year fixed rate mortgages. The argument is that “private markets” should have more mortgage market share.

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Marketing Fixed-rate mortgage Banks Loans 361

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 You don’t know what investor demand is going to be.

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Housing Wire

APRIL 5, 2022

Atlanta-based non-QM wholesale lender Angel Oak Mortgage Solutions has updated its rate lock policy to a 30-day lock period due to the fast-rising interest rates landscape. Lenders offer borrowers to lock the mortgage rates for a period between the offer and the closing date, which vary according to their policies.

Marketing 388

Marketing Investor Loans Banks 388

Marco Santarelli

DECEMBER 2, 2023

Many people who are looking to buy a home in the US are wondering if they will ever see mortgage rates as low as 3% again. After all, just a year ago, the average 30-year fixed-rate mortgage was around 3.1% , according to Freddie Mac. But since then, mortgage rates have been steadily rising.

Mortgages 105

Mortgages Fixed-rate mortgage Investor MLS 105

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. All investors in the transaction were first-time participants in securitizations backed entirely by home-equity agreements [HEAs].”.

Equity 373

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Housing Wire

JUNE 29, 2022

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 Those figures, along with “sharp recent increases in mortgage rates” and other supporting data, lead Moody’s to conclude that the “U.S. Existing-home sales fell in May by 3.4%

Marketing 413

Marketing Fixed-rate mortgage Mortgages Investor 413

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. Toohig added that the interest rate on a HELOC is normally variable, “usually prime, plus 1.5 to 2 points.”

Equity 365

Equity Marketing Debt-to-income ratio Lending 365

RIS Media

MARCH 24, 2022

This week, the 30-year fixed-rate mortgage average increased from 4.16% last week to 4.42% this week–the highest level its reached since January of 2019, according to Freddie Mac’s Prime Mortgage Market Survey (PMMS), released Thursday. Key findings: 30-year fixed-rate mortgage averaged 4.42% with an average 0.8

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Fixed-rate mortgage Mortgages Banks Loans 98

Housing Wire

JULY 27, 2022

through its Angel Oak Mortgage Trust conduit, recently unveiled its latest private-label securitization (PLS) offering — a deal slated to close in early August backed by 788 predominately non-QM loans valued at $362 million. through its affiliated companies, including real estate investment trust, or REIT, Angel Oak Mortgage Inc. .

Marketing 370

Marketing Loans Investor Mortgages 370

Marco Santarelli

MARCH 31, 2024

Understanding the dynamics of the housing market is crucial for both potential homeowners and investors. One of the key factors that influence this market is the relationship between house prices and interest rates. This phenomenon occurs because changes in interest rates directly affect the cost of mortgage payments.

Fixed-rate mortgage 105

Fixed-rate mortgage Lending Mortgages Banks 105

Marco Santarelli

APRIL 1, 2024

The landscape of the US housing market is ever-evolving, and with it, the dynamics of mortgage rates. As we navigate through 2024 , a noticeable trend has been the rising mortgage rates, which have become a topic of interest for potential homebuyers, investors, and economists alike.

Mortgages 52

Mortgages Fixed-rate mortgage Lending 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.

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Fixed-rate mortgage Mortgages Banks Investor 98

Realtor.com

DECEMBER 14, 2022

That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. And there are plenty out there: adjustable-rate mortgages, interest-only mortgages, 2-1 buydowns. Shop around for a mortgage.

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Realtor.com

DECEMBER 14, 2022

That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. And there are plenty out there: adjustable-rate mortgages, interest-only mortgages, 2-1 buydowns. Shop around for a mortgage.

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Fixed-rate mortgage Mortgages Loans VA loan 99