Housing Wire

OCTOBER 31, 2024

In the halls of the Colorado Convention Center on Monday, it was hard not to overhear mortgage bankers gnashing their teeth over the rumored price hikes for Fair Isaac Corp (FICO) scores. per score to all mortgage lenders, independent of their volume. Wall Street expects new cost increases in 2025 and 2026. What will it cost?

Industrial

Housing Wire

APRIL 21, 2025

home sellers offered concessions to buyers in near-record numbers during the first quarter of 2025 as rising housing costs , high mortgage rates and growing economic uncertainty continued to reshape the real estate landscape. a year ago and close to the record figure of 45.1% According to a new report from Redfin , 44.4%

Seller concession

HomeLight

OCTOBER 29, 2024

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Receive your offer in 24 hours and close in as few as 10 days. in state transfer tax.

Closing costs

HomeLight

OCTOBER 28, 2024

One of the most important things that you should keep in mind is that there are several costs you’ll need to pay to finalize your sale. Nationwide, closing costs for sellers can range from 6% and 10% of a property’s sale price. Receive your offer in 24 hours and close in as few as 10 days.

Closing costs

Housing Wire

FEBRUARY 19, 2025

Ill share everything you need to keep the homebuying process running smoothly from your first meeting to closing and beyond. Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours.

Closing

Housing Wire

NOVEMBER 15, 2024

Chicago’s offerings include doorbuster deals on Quick Move-In homes, which reduce pricing up to $93,850 if the home closes this year. Buyers using this incentive can qualify for either a 3/2/1 rate buydown on a 30-year FHA Fixed-rate Mortgage or a 3/2/1 rate buydown on a 30-year conventional fixed-rate mortgage.

Fixed-rate mortgage

Housing Wire

JULY 11, 2025

The waiver pilot , relaunched by Fannie Mae in March 2024, allows approved mortgage lenders to use an automated title review process to assess title risk during loan manufacturing and prior to loan purchase. “We applaud Director Pulte for his commitment to reducing closing costs for hardworking Americans.”

Title

Housing Wire

JANUARY 27, 2025

This is according to a recent report published by the Consumer Financial Protection Bureau (CFPB), which is based on data from the National Mortgage Database (NMDB) and the National Survey of Mortgage Originations (NSMO). One source of debt that was not heavily impacted, according to the data, were student loan balances.

Loans

Housing Wire

APRIL 18, 2025

Cosmetic updates like flooring, paint or finish work can sometimes be done after closing at a lower cost. Buyers should also budget for post-closing expenses such as landscaping, window treatments, built-in cabinetry and appliances that may not be included. For quick move-in homes, closing dates can also be adjusted.

Purchase and sale agreement

Housing Wire

JANUARY 23, 2025

In their analysis, Nigrinis and Zywicki found that borrowers refinancing their mortgage could save an estimated $2.19 billion in total or as much as $1,692 per loan. The Federal Housing Finance Agency had previously estimated that the pilot could save consumers between $500 and $1,500 per transaction.

Title

Housing Wire

JULY 11, 2025

Lead generation for mortgage brokers and officers is all about consistently filling your pipeline with individuals who are interested in buying a home now or in the future. then it’s time to dig into more strategies to ensure your mortgage lead generation is on point. Check out LendingTree.

Mortgages

HomeLight

OCTOBER 31, 2024

In this post, we explore the question: Are closing costs tax deductible? What are examples of seller closing costs? When selling a home, you’ll encounter various closing costs as part of the process. On average, sellers pay between 2% and 5% of a home’s sale price in closing costs.

Closing costs

Housing Wire

APRIL 22, 2025

Rates are still high and prices keep climbing, but were seeing expanded program offerings, new providers and greater flexibility in how funds are used not just for down payments but also to cover closing costs, lower the rate or meet other buyer needs, said Rob Chrane , founder and CEO of DPR.

Closing costs

Housing Wire

JULY 29, 2025

Down payment assistance (DPA) programs can reduce a buyer’s loan-to-value ratio by about 6%, helping more mortgage-ready borrowers qualify. Many programs also cover closing costs, prepaid expenses, rate buydowns and mortgage insurance. Some buyers can combine multiple programs for added savings. This is key as the U.S.

Loans

Housing Wire

NOVEMBER 19, 2024

While the co-chairs of the caucus wrote that they “applaud” Thompson and the FHFA’s efforts to promote homeownership for low-income Americans, they believe that the pilot program will not help to achieve the goal of “finding ways to ‘responsibly reduce closing costs for homeowners in a safe and sound manner.’”

Title

Housing Wire

NOVEMBER 6, 2024

per score for mortgage originations. The mortgage industry is now bracing for additional hikes from the credit reporting bureaus and other companies downstream of FICO. “At How we got here Analysts and mortgage executives expected an increase from FICO after the election. ” “At $4.95 ” “At $4.95

Closing costs

Housing Wire

JUNE 10, 2025

It factors in lender fees and current pricing to deliver a dashboard that includes break-even calculations, closing cost estimates and borrower savings analyses across multiple scenarios. The tool also generates a prefilled borrower email summarizing the refinance options.

Loan Officer

Housing Wire

JUNE 25, 2025

Fewer turned to mortgage lenders (7%), government websites (5%) or nonprofit organizations (1%) as their first choice. Department of Housing and Urban Development (HUD) often provide access to detailed information about down payment assistance, closing cost programs, credit improvement strategies and budgeting tools.

Closing costs

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage.

Closing costs

Housing Wire

DECEMBER 16, 2024

This service allows homebuyers who work with a Howard Hanna agent and get their mortgage through Howard Hanna Mortgage Services to receive a credit of up to $10,000 (or 0.5% of the loan amount) at settlement to use toward their closing costs.

Brokerage

Housing Wire

JUNE 24, 2025

Rocket Mortgage , the home lending arm of Rocket Companies , announced Tuesday it will now offer bridge loans , a short-term financing option that helps homeowners tap into their equity while selling their current property. In terms of pricing, the product is similar to a traditional closed-end second mortgage.

Loans

Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. What are closing costs for sellers?

Closing costs

Housing Wire

JULY 11, 2025

There is a lot of chatter about lower mortgage rates and increased home building, which will improve affordability in the future; however, we need a solution now. If the buyer was a veteran with a VA loan, I could have the buyer ask the seller to pay all their closing costs and up to 4% towards the homebuyer’s debt.

Debt-to-income ratio

Keeping Current Matters

MAY 20, 2025

When buying a home, youre probably thinking about mortgage rates, home prices, your down payment, and maybe even your closing costs. But you may not be thinking about homeowners association (HOA) fees.

Closing costs

Housing Wire

FEBRUARY 6, 2025

Younger service members struggle during the homebuying process, particularly around paying closing costs. Some of these include lower mortgage rates , insurance costs, and down payment requirements. As a result, veterans have fewer options for obtaining a mortgage. In 1944, the U.S.

Industrial

Housing Wire

APRIL 7, 2025

In our community, many first-time buyers were using those to buy down interest rates or cover closing costs. Effect of federal grant cuts Herrera acknowledged the challenges facing Hispanic homebuyers today, including cuts to numerous federal grant programs that have proved vital for first-time and low-income buyers.

Commercial

Housing Wire

MAY 2, 2025

Per Crib Equity’s website , the company can contribute up to 50% of a borrower’s total down payment and approved closing costs, which typically covering up to 30% of the home’s total value.

Equity

Keeping Current Matters

JULY 21, 2025

consider offering to cover some of the buyer’s closing costs or agree to a credit for a minor repair the inspector found.” News explains: “If you’ve received an offer for your house that isn’t quite what you’d hoped it would be, expect to negotiate. ” That’s where your agent comes in.

Agents

Redfin

JUNE 5, 2025

The absence of mortgage payments, the speed of closing, and the strong appeal to sellers are undeniable benefits. Many cash buyers assume that by sidestepping a home loan, they also bypass the complex array of fees associated with closing. These are not tied to a mortgage but are inherent to transferring property ownership.

Closing costs

Marco Santarelli

JANUARY 1, 2025

Mortgage rates are a hot topic for anyone looking to buy a home or refinance an existing mortgage. As of January 01, 2025, the average mortgage rate for a 30-year fixed loan is 7.01%. This rate is a significant factor that affects how much homebuyers will pay each month and the total cost of the loan over the long term.

Mortgages

Marco Santarelli

APRIL 19, 2025

Ever feel like you're just treading water with your mortgage? Today's Refinance Rates – April 19, 2025: Is Now the Time to Refinance Your Mortgage? Weekly National Mortgage Interest Rate Trends Keeping an eye on the overall trends is essential. As of April 16th, the average rate on 30-year mortgages climbed to 6.88%.

Mortgages

Marco Santarelli

MARCH 7, 2025

Mortgage rates have indeed plunged to their lowest points this year on March 7, 2025, signaling a moment of opportunity for prospective homeowners and those looking to refinance. According to the latest data from Freddie Mac , the national average for a 30-year fixed mortgage is now 6.63% , while the 15-year fixed rate has dropped to 5.79%.

Mortgages

Marco Santarelli

DECEMBER 29, 2024

As of December 29, 2024 , the landscape of mortgage rates is crucial for anyone looking to buy or refinance a home. Todays mortgage rates reflect significant adjustments, with the average 30-year fixed mortgage interest rate sitting at 6.99%. Therefore, being informed about the latest mortgage rates is essential.

Mortgages

Keeping Current Matters

JUNE 12, 2025

It Was Priced Too High Today, homebuyers are feeling the squeeze of higher mortgage rates, so even a slightly overpriced home will get overlooked. You Weren’t Willing To Negotiate In this market, sellers who aren’t open to negotiating on things like closing costs, inspection repairs, or other concessions are often left behind.

Staging

Marco Santarelli

APRIL 2, 2025

One of the biggest questions swirling around in potential homebuyers' minds is: How long should you wait for mortgage rates to go down? How Long Should You Wait for Mortgage Rates to Go Down? Fannie Mae predicts mortgage rates to be around 6.3% Fannie Mae predicts mortgage rates to be around 6.3%

Mortgages

Marco Santarelli

APRIL 20, 2025

As of April 20, 2025, mortgage rates have decreased slightly compared to last week, which is promising news for homebuyers and those considering refinancing. Market Volatility : Mortgage rates are expected to stay unstable due to economic factors, including inflation and tariffs. 5/1 Adjustable-Rate Mortgage (ARM) 6.99

Mortgages

BAM Media

DECEMBER 19, 2024

With home prices expected to rise, mortgage rates still in flux, and buyers and sellers split on key market dynamics, next year is shaping up to be anything but predictable. Forty-two percent of them say mortgage rates could delay their plans, while 41% worried they might not qualify for a mortgage, regardless of the rates.

Marketing