Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%.

Agents 425

Agents Seller concession Closing costs Mortgages 425

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% Doug Duncan: It’s our forecast that they won’t make another change until they drop rates.

FHA loan 464

FHA loan Bankruptcy Marketing Loans 464

Housing Wire

FEBRUARY 12, 2024

As landlords grapple with higher vacancy rates, they don’t have the leverage necessary to command high rent prices. Throughout 2023, yearly rent growth rates hovered between -2.1% In 2022, rent growth rates spanned a much wider spectrum of 4.8% As a result, vacancies ticked up to a rate of 6.6% to 17.7%, Redfin reported.

Construction 392

Construction New Construction Staging Mortgages 392

Housing Wire

APRIL 1, 2024

Rated securitizations of home equity agreements and home equity investments is also adding optimism about further expansion as they signal that institutional investors are warming up to the asset class, sources told HousingWire. The importance of being rated is to create more “depth” for the market, said Eoin Matthews, co-founder of Point.

Equity 424

Equity Finance Purchase and sale agreement Investor 424

Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. How could they ever justify walking away from a loan with this low of an interest rate ?

Equity 456

Equity Loans Bankruptcy New Construction 456

Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. In Fannie Mae ‘s most recent National Housing Survey, only 17% of consumers said they think it’s a good time to buy a home.

Pre-approval 359

Pre-approval Lending Inspection Equity 359

Housing Wire

JANUARY 29, 2024

Homebuyers are getting some relief in 2024 as mortgage rates recede from their 20-year high point of last October. mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. mortgage rate could have afforded a $416,000 home. Mortgage rates stabilized last week, averaging 6.69% as of Jan.

Mortgages 388

Mortgages Investor Staging Agents 388

Housing Wire

MARCH 28, 2024

The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) are asking federal housing officials to confirm their treatment of interested party contributions (IPCs) to home purchase transactions.

VA loan 453

VA loan Closing costs MLS Loans 453

Housing Wire

AUGUST 14, 2023

The Fed recently announced yet another interest rate hike, making borrowing more expensive and pushing the prospect of purchasing a new home out of reach for an even greater share of Americans. All this means one thing for current and prospective homeowners – they shouldn’t expect the Fed to begin lowering rates any time soon.

Equity 305

Equity Agents Residential Finance 305

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

MARCH 25, 2021

Do I need to pay off my student loans before buying my first home? What it really comes down to is whether or not you feel comfortable paying a mortgage (and all the other fun expenses that come with having a home), while also paying off student loans. Are you still scratching your head wondering what to do?

Debt-to-income ratio 511

Debt-to-income ratio Loans FHA loan Finance 511

Housing Wire

NOVEMBER 1, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. These borrowers are hoping that rates will decline enough in the next few years that a refinance will bring their payments down permanently.

Seller concession 468

Seller concession Loan Officer Closing costs Mortgages 468

Housing Wire

MARCH 28, 2024

Data show that returning that call within a few hours will get your race off to a good start. Anticipating the start of the refi race When mortgage rates finally rose above their historically low levels, the mortgage refinance business started to dry up. By the time rates reached 5%, the refi business was essentially gone.

Mortgages 448

Mortgages Technology Loan Officer Loans 448

Housing Wire

JANUARY 29, 2021

Last year, buyer demand increased due to record low mortgage rates. That said, because of those low mortgage rates, and fewer houses on the market, home prices went up. If you’re wondering whether it’s a good time to sell your house, keep reading. Low-interest rates are great for potential buyers.

Closing costs 482

Closing costs Mortgages Closing Marketing 482

Housing Wire

JANUARY 17, 2024

2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

Finance 464

Finance Seller concession Loan Officer Loans 464

Housing Wire

OCTOBER 27, 2020

Mortgage rates have never been lower — literally. In the past few months, interest rates on 30-year mortgages have hit all-time lows on multiple occasions. 21, the average rate is clocking in at just 2.87%. That’s down from an average 3.94% rate in 2019 and 4.54% in 2018. Rates were over 6%.

Mortgages 474

Mortgages Loans Closing As-is 474

Housing Wire

DECEMBER 18, 2020

Renting your home out on Airbnb can be a smart way to make some extra cash. But buying an Airbnb property isn’t quite the same as buying a new home to live in. But buying an Airbnb property isn’t quite the same as buying a new home to live in. Are you thinking of buying a house to rent out on Airbnb?

FHA loan 488

FHA loan Hard money loan Loans Finance 488

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgages 376

Mortgages Marketing Banks Investor 376

Housing Wire

DECEMBER 22, 2020

Are you planning to buy a home in 2021? Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. There are two types of mortgages: fixed-rate and adjustable-rate. Fixed-rate mortgages have a set interest rate for the entirety of the loan. Buying a home?

Fixed-rate mortgage 448

Fixed-rate mortgage Pre-approval Mortgages Loan Officer 448

Housing Wire

NOVEMBER 2, 2023

That is until interest rates tripled in the course of nine months, of course. Fractional and shared ownership The concept of co-ownership and co-buying is far from a new one. Coordinating multiple parties can be tricky, but startups like Nestment are providing a platform for allowing friends to buy together.

Purchase and sale agreement 363

Purchase and sale agreement Marketing Equity Finance 363

Keeping Current Matters

JULY 7, 2021

It found: “1 in 4 underestimated their buying potential by $150k or more”. “1 47% don’t know what a good interest rate is”. If you’re interested in buying but aren’t sure where to begin, here are three key concepts about homeownership you should understand before you get started.

Mortgages 273

Mortgages As-is Agents 273

HomeLight

MAY 8, 2024

Are you considering a hard money loan to fast-track your next real estate investment? If you’re not a professional investor but looking for a solution to bridge the buy-sell timing gap , we’ll also share an innovative way to tap into your home’s equity, allowing you to buy before you sell. What is a hard money loan?

Hard money loan 99

Hard money loan Loans Home sale contingency Finance 99

Lighter Side of Real Estate

FEBRUARY 14, 2024

The stock market was making news one day recently because it was surging upwards due to some rumors that the Fed was going to cut interest rates soon. To put it simply, mortgage rates could (and often do) decrease even before the Fed actually decides to cut the rates. What Is a Rate Lock? When Can You Lock In?

Mortgages 90

Mortgages Fixed-rate mortgage Loans Closing 90

HomeLight

APRIL 25, 2024

Buying a home involves a flurry of paperwork, but perhaps the most important document is the closing disclosure, also known as a CD in real estate. This finish-line form is key to understanding the costs and commitments associated with your purchase. Get Started What is a CD in real estate?

Closing 78

Closing Principal Loans Mortgages 78

HomeLight

FEBRUARY 26, 2024

We’ll look at the financial mechanics behind affording a luxury home and explore alternatives that can make your dream purchase a reality. We’ll also share expert insights and interesting facts about million-dollar home markets in the U.S. How Much Is Your Home Worth Now? How much is your current home worth now?

Purchase and sale agreement 98

Purchase and sale agreement Debt-to-income ratio Equity Loans 98

Marco Santarelli

APRIL 24, 2024

Let's face it, buying a home can be an exciting yet intimidating journey. Mortgage rates , a crucial factor impacting your monthly payments, can add another layer of complexity. This year, rates have been on an upward climb, exceeding 7% for a 30-year fixed mortgage. So, what's the smart move? So, what's the smart move?

Pre-approval 52

Pre-approval Mortgages FHA loan Fixed-rate mortgage 52

Realty Biz

APRIL 8, 2024

Buying your first home is a big deal. And starting off your journey right is critical to your home-buying success. How Do I Start the Home Buying Process? Answer: Assess your finances to understand what you can afford. Contact an experienced Buyer’s Agent when you first think of buying a house.

Pre-qualification 57

Pre-qualification Pre-approval Closing costs FHA loan 57

Lighter Side of Real Estate

NOVEMBER 1, 2023

It’s hard to escape the talk about rising interest rates and how they’re supposedly scaring away potential homebuyers. While interest rates are a significant factor, they don’t deter everyone from pursuing their dream home.

Sales 108

Sales Equity Marketing As-is 108

Marco Santarelli

MAY 6, 2024

The housing market saw significant changes last month, which made many people ponder if May 2024 would be a good time to buy a home. Favorable Signs for May 2024 Homebuyers Potentially Peak Mortgage Rates: Experts predict mortgage rates might hit their annual peak in May. To find out, let's dig into the data.

Mortgages 52

Mortgages Closing costs Finance Renovation 52

Marco Santarelli

MARCH 31, 2024

One of the key factors that influence this market is the relationship between house prices and interest rates. The Correlation Between House Prices and Interest Rates Interest rates are a powerful economic tool that can significantly impact house prices. Unemployment rates also play a crucial role.

Fixed-rate mortgage 105

Fixed-rate mortgage Lending Mortgages Banks 105

Marco Santarelli

APRIL 20, 2024

Soaring home prices fueled by historically low mortgage rates created a frenzy of buyer activity. Rising interest rates have cooled buyer enthusiasm, leading to slower sales and questions about the future. Mortgage rates are likely to remain elevated compared to historic lows, impacting affordability for some buyers.

Marketing 105

Marketing Pre-approval Fixed-rate mortgage New Construction 105

Realty Biz

AUGUST 28, 2023

Buying a home is a major financial investment at the best of times. Any purchase of hundreds of thousands of dollars - or sometimes much more, in certain situations - almost always requires either a sizable down payment or a long-term mortgage. In this case, US government financial policy decisions are to blame for recent rate hikes.

Pre-approval 91

Pre-approval Fixed-rate mortgage Lending Loans 91

Realty Biz

APRIL 19, 2024

And let's add the most significant (and unpredictable) ingredients to the mix, namely interest rates and the housing shortage. Disclaimer Even if you investigate real estate market predictions for 2024 , chances are national forecasts may not apply to your desired neighborhood. The 30-year fixed-rate mortgage rate was at 6.6

Marketing 90

Marketing Fixed-rate mortgage Construction Residential 90

Realty Biz

SEPTEMBER 27, 2023

Buying a home is one of the most exciting and challenging times in a person's life. But when you get the keys to your first house, there’s something you need to understand before you start picking out your new furniture: that home you just bought isn’t technically yours. What is amortization? How does amortization work?

Principal 114

Principal Staging Loans Equity 114

Marco Santarelli

MAY 4, 2024

Interest Rates: Rising rates in 2022 and 2023 further squeezed affordability for many buyers. Even with a slower climb, high base prices combined with rising interest rates continue to pose a challenge for many buyers. Researching and comparing markets is crucial for finding a place that fits your budget.

Marketing 105

Marketing Construction Mortgages Land 105

Realty Biz

DECEMBER 8, 2022

Most people need to get help from a lender to buy a home, and applying for a loan can be difficult at times. Getting a mortgage in the current conditions, where interest rates have risen quickly, hasn't made the situation any easier. Understanding how to get a mortgage is one of the most essential steps in the buying process.

Loans 132

Loans Debt-to-income ratio Due diligence Title search 132

Windemere Buying

JANUARY 25, 2023

When mortgage rates are up, prospective buyers can often feel like they’re at a disadvantage as they go about securing a home loan. Fortunately, there are ways to lower your interest rate to make your monthly mortgage payments more affordable. Each discount point is equal to one percent of your total loan amount.

Mortgages 94

Mortgages Loans Principal Closing costs 94