Housing Wire

FEBRUARY 23, 2022

retail residential mortgage applications. According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, the 30-year fixed rate increased almost a full percentage point in comparison to one year ago. The survey, conducted weekly since 1990, covers over 75% of all U.S.

Mortgages 393

Mortgages Fixed-rate mortgage Loans Residential 393

Housing Wire

FEBRUARY 3, 2023

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

Renovation 364

Renovation Fixed-rate mortgage Equity Finance 364

Housing Wire

MARCH 9, 2022

Compared to the same week one year ago, mortgage apps overall dropped 35.8%, with a sharp decline in refi (-49.9%) compared to purchase (-7.4%). retail residential mortgage applications. Consequently, mortgage rates declined for the first time in 12 weeks, he said. Treasury yields lower.”

Mortgages 370

Mortgages Fixed-rate mortgage Loans Investor 370

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 358

Mortgages Fixed-rate mortgage Loan Officer Seller concession 358

Housing Wire

JUNE 16, 2022

The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. It’s painful that on the same $300,000 mortgage, the monthly payment rose to $1,800 today from $1,265 in December. mortgage industry to fund $4.1

Marketing 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

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%. HELOCs have easily been the product with the largest increase in [loan]-trading volumes.”

Equity 429

Equity Lending Banks Loans 429

Housing Wire

MARCH 15, 2023

retail residential mortgage applications. “While lower rates should buoy housing demand, the financial market volatility may cause buyers to pause their decisions.” “While lower rates should buoy housing demand, the financial market volatility may cause buyers to pause their decisions.”

Banks 358

Banks Mortgages Fixed-rate mortgage Loans 358

Housing Wire

SEPTEMBER 22, 2022

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. of total mortgage applications were for ARMs for the week ending Sep. According to the NAR, there were 1.28

Mortgages 406

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 406

Housing Wire

MAY 3, 2023

. “The 2-year and 10-year US Treasury yields are down 2-3 basis points, which could help mortgage rates as the market digests the news and adjusts,” Jack Macdowell, chief investment officer at the Palisades Group , said. However, a higher interest rate environment can provide more opportunity for cash buyers.

Mortgages 363

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage 363

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . 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. Marginal reductions . Dark days ahead.

Mortgages 363

Mortgages Loan Officer Banks Lending 363

Keeping Current Matters

DECEMBER 9, 2020

This is understandable since the appreciation of residential real estate is well above historic annual averages. Back in 2006, dubious adjustable-rate mortgages taxed many buyers’ budgets. Today, buyers are taking out 30-year fixed-rate mortgages. The COVID Impact on Home Prices.

Fixed-rate mortgage 252

Fixed-rate mortgage Residential Finance Mortgages 252

Housing Wire

SEPTEMBER 12, 2023

.” HousingWire spoke to lenders and loan officers to understand their expectations for the mortgage market and, ultimately, their strategies in a refi environment to retain borrowers and mitigate EPO penalties. When will the market turn? Let’s start with the good news.

Loan Officer 393

Loan Officer Loans Investor Mortgages 393

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 344

Equity Lending Loans Banks 344

Realtor.com

MARCH 12, 2021

Consider how many months it would take for you to recoup the costs of closing on a refi, along with how long you’ll be staying at this home. If you can recoup closing costs within two years and plan to stay in your house for longer, the savings on interest means the math will likely work out in your favor.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

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 361

Marketing Loans Investor Mortgages 361

Realty Biz

JUNE 9, 2021

One area to keep a close eye on is whether the current surge of inflation will also bring a surge in mortgage interest rates. There is a very good reason to watch this metric because the rate of inflation traditionally remains below the rate for a 30-year mortgage. Banks lend money to make a profit.

Mortgages 120

Mortgages Fixed-rate mortgage Banks Lending 120

Realty Biz

NOVEMBER 16, 2020

Because fixed rate mortgages currently have such low interest rates, many lenders are actually discouraging ARMs. They are doing that by setting adjustable introductory rates higher than fixed rates. The reality is that fixed rates are currently lower than adjustable rates.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Loans Closing costs 102

Realty Biz

APRIL 19, 2024

Only they have access to real estate comps, MLS listings, and local market trends that can help you buy, rent, sell, or invest in residential, commercial, or industrial real estate. The 30-year fixed-rate mortgage rate was at 6.6 Interest rates are the schemers of affordability. This average increased by 5.1

Marketing 91

Marketing Fixed-rate mortgage Construction Residential 91

Realty Biz

MAY 13, 2022

Freddie Mac says that house prices rose 5% for the first quarter of this year and the National Association of Realtors (NAR) says prices on closed sales are up 6%. On March 16, the Fed raised the interest rate for the first time since 2018. Homeowners with 3% fixed-rate mortgages or have refinanced to 2.5%

Fixed-rate mortgage 78

Fixed-rate mortgage Marketing Mortgages Construction 78

Housing Wire

MARCH 10, 2023

Among the nonbanks that either have or plan to introduce HELOC loan products are United Wholesale Mortgage , Rocket Mortgage , Guaranteed Rate , loanDepot and New Residential Investment Corp. rebranded as Rithm Capital ). Toohig said Raymond James finished the year with some $1.1

Equity 359

Equity Marketing Debt-to-income ratio Lending 359

Marco Santarelli

NOVEMBER 1, 2023

As concerns grow, investors are advised to closely monitor the housing market's unpredictable fluctuations. A Blast from the Past: The 1980s and High-Interest Rates Those who lived through the early 1980s recall the devastating impact of soaring interest rates on the U.S. economy and the real estate market.

Marketing 52

Marketing Fixed-rate mortgage Construction Residential 52

RIS Media

MAY 23, 2021

This includes additional economic relief related to rental and mortgage assistance and support for small businesses. The residential real estate market is helping drive our national economic recovery, but the job is far from done. Homeownership is not just an American Dream.

Fixed-rate mortgage 98

Fixed-rate mortgage Commercial Residential Industrial 98

Realty Biz

APRIL 11, 2022

My sister and I are close, but we don’t have any other family that we trust to give us advice. The basic process begins by asking questions like what type of mortgage is best for you? A 30-year fixed rate mortgage is the most common for first-time buyers. Ask if closing costs can be wrapped into the loan.

Mortgages 89

Mortgages Fixed-rate mortgage Loans FHA loan 89

Housing Wire

AUGUST 25, 2022

.” Lenders are making a play with jumbo adjustable-rate mortgages (ARM), a product that has made a comeback after falling out of favor due to their role in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. But the product could also be a good source of mortgage leads down the road.

Mortgages 389

Mortgages Equity Loans Seller concession 389

RIS Media

DECEMBER 30, 2020

We’ve seen the best year for both our franchise and residential businesses in more than a decade, fueled by the effects of COVID-19 and favorable interest rates.”. As the company expanded, so did the opportunities for new sales, thanks in large part to historically low interest rates, which remain around 3.0

Fixed-rate mortgage 98

Fixed-rate mortgage Residential Technology Sales 98

Realtor.com

NOVEMBER 7, 2022

to “Purchase before X date, and we’ll pay all of your closing costs.”. Incentives are also commonly offered near the end of a project when there are only a few homes left to sell, since builders might be eager to close the books. Homebuilders may offer incentives at any stage of the project’s development.

New Construction 76

New Construction Construction Finance Closing costs 76

Housing Wire

AUGUST 24, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.23% as of August 24, up from last week ’s 7.09%. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time.

Mortgages 367

Mortgages Fixed-rate mortgage Banks Investor 367

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand.

Mortgages 450

Mortgages Fixed-rate mortgage Equity Loans 450

RIS Media

SEPTEMBER 20, 2020

. “In any local market where the home is priced at the median sale price, those homes are selling quickly—especially in the first-time homebuyer segment and the trade-up buyer market,” explained Carlo Siracusa, president of Residential Brokerage for Weichert, Realtors®. Advantages of Selling Now. Nearly 20 percent (17.5

Fixed-rate mortgage 118

Fixed-rate mortgage Sales Staging Equity 118

Realty Biz

MAY 18, 2021

I’m not very sophisticated in this area but why are house prices appreciating so much faster than the inflation rate? Shouldn’t inflation and house prices increase at close to the same rate? However, by combining today’s low-interest rates with the time value of money, home affordability is actually 4% better than in 2019.

Fixed-rate mortgage 82

Fixed-rate mortgage Mortgages Residential Banks 82

Realty Biz

DECEMBER 18, 2021

Inflation will accelerate the rise of home prices, but the decreasing loan-to-value of mortgage debt is a natural discount. This happens because the equity in the property increases while your fixed-rate mortgage payments remain the same. The difference in those numbers is key to building wealth with other people’s money.

Fixed-rate mortgage 82

Fixed-rate mortgage Investor Mortgages Construction 82

Housing Wire

JULY 27, 2022

Meanwhile, the purchase index was 15% lower year-over-year, “close to lows last seen at the onset of the pandemic,” according to Kan. The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) fell to 5.74%, from the previous week’s 5.82%.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Sales 370

Calculated Risk Real Estate

MARCH 18, 2024

This is even more pronounced with residential real estate, where the financial asset is physically stationary and transaction costs are at their highest. So, too, does an environment of rising mortgage rates (Fonseca and Liu, 2023; Liebersohn and Rothstein, 2023; Qiugley, 1987; Quigley, 2002). In the U.S.,

Fixed-rate mortgage 111

Fixed-rate mortgage Mortgages Equity Title 111

Housing Wire

DECEMBER 29, 2023

“It finally seems like we are turning a corner and that’s good news after two years of the Fed’s negative perspective that we’ve heard,” Max Slyusarchuk, CEO of A&D Mortgage , said in an interview. So that will allow people to be more optimistic. Home equity is really a no-brainer today.

Mortgages 440

Mortgages Loan Officer Loans Equity 440

Housing Wire

AUGUST 29, 2022

billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. Broker Hussam Saada of Precision Mortgage closed about 60% of mortgages with UWM after the firm rolled out its new pricing initiative.

Equity 403

Equity Loan Officer Loans Mortgages 403

Real Trends

NOVEMBER 7, 2022

Let’s say you get a 30-year fixed-rate mortgage of $350,000 with a 6.5% interest rate to buy a condo. Your payment for principal and interest would be close to $2,200 a month or $26,400 a year. You can learn more and claim the credit using Form 5695, Residential Energy Credits. Hedging against inflation.

Fixed-rate mortgage 92

Fixed-rate mortgage Agents Equity Principal 92

Realtor.com

MARCH 22, 2021

Getty Images As home buyers already know full well, the residential real estate market has been on a wild tear for the past few years—and the pandemic has pushed things to new, uncharted extremes. They were spurred on by record-low mortgage interest rates. What resulted was the lowest interest rates we’ve ever seen.

Marketing 145

Marketing Fixed-rate mortgage Construction Mortgages 145