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 364

Mortgages Fixed-rate mortgage Banks Investor 364

Housing Wire

AUGUST 18, 2021

“Despite a second-straight weekly decrease, average loan sizes remain close to record highs,” Kan said. This is a continuing sign that sales prices are still elevated, driven by stiff competition leading to accelerating home-price growth.”. The average contract interest rate for 5/1 ARMs increased to 2.90% from 2.52%.

Fixed-rate mortgage 441

Fixed-rate mortgage Mortgages Loans Industrial 441

Housing Wire

MAY 18, 2022

“Mortgage applications decreased for the first time in three weeks, as mortgage rates — despite declining last week — remained over two percentage points higher than a year ago and close to the highest levels since 2009,” Joel Kan, associate vice president of economic and industry forecasting at MBA, said in a statement.

Fixed-rate mortgage 392

Fixed-rate mortgage Mortgages Loans Residential 392

Housing Wire

AUGUST 19, 2021

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines.

Mortgages 502

Mortgages Fixed-rate mortgage Banks Finance 502

Housing Wire

MARCH 30, 2023

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. “Spring sellers should start getting their home ready for sale, keeping in mind that it took longer than expected to prep.” ” Surging rates ahead?

Marketing 509

Marketing Fixed-rate mortgage Banks Mortgages 509

Housing Wire

JULY 22, 2021

The average 30-year fixed-rate mortgage sank 10 basis points to 2.78% for the week ending on July 22, continuing several weeks of declines , according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The Mobile “Must-Haves” Reshaping Mortgage Technology.

Mortgages 471

Mortgages Fixed-rate mortgage Investor Technology 471

Housing Wire

AUGUST 10, 2023

Mortgage , and/or Closing Cost Credit. For eligible borrowers at or below 80% AMI, the mortgage program allows a 3% down payment on a fixed-rate mortgage and the closing cost credit program provides up to $5,000 to use toward closing costs.

Fixed-rate mortgage 369

Fixed-rate mortgage Closing costs Lending Banks 369

Housing Wire

OCTOBER 29, 2020

What seemed foreign and far away became domestic and close to home. The Federal Reserve took immediate steps to cut short-term interest rates to near zero and accelerated their purchases of U.S. Treasury bonds and Mortgage Backed Securities to lower long-term yields. By July sales were above year-ago levels.

Fixed-rate mortgage 533

Fixed-rate mortgage Marketing Loans Equity 533

Housing Wire

APRIL 15, 2024

We saw a big jump in mortgage rates last week. The 30-year fixed rate mortgage, according to the HousingWire Mortgage Rates Center , is now over 7.2% — that’s 50 basis points above where we were at the start of the year. A lot of places in the country still have fewer sales than last year.

Mortgages 374

Mortgages Fixed-rate mortgage Sales As-is 374

Housing Wire

JULY 27, 2022

Consequently, recent months’ data shows a significant slowdown in home sales. Census Bureau and the Department of Housing and Urban Development showed sales of new single-family houses reached 590,000 in June, at a seasonally adjusted annual rate, down 8.1% On Tuesday, the U.S. The refi index was down 82.6%

Mortgages 369

Mortgages Fixed-rate mortgage Loans Sales 369

Housing Wire

SEPTEMBER 14, 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 7.18% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time. 14, up from last week ’s 7.12%.

Mortgages 419

Mortgages Fixed-rate mortgage Investor MLS 419

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The survey also indicates a large dispersion in rates, meaning that homebuyers can save hundreds of dollars by shopping around with different lenders.

Mortgages 449

Mortgages Fixed-rate mortgage Loans Loan Officer 449

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

Housing Wire

OCTOBER 26, 2023

David Spector, chairman and CEO, told analysts that the company had “outstanding results” even as mortgage rates neared 8% in Q3. According to Spector, many of the borrowers who are locked in a low, fixed-rate mortgage are incentivized to stay in their homes. quarter over quarter and 57.9%

Fixed-rate mortgage 361

Fixed-rate mortgage Principal Banks Loans 361

Housing Wire

NOVEMBER 2, 2022

“Mortgage applications declined for the sixth consecutive week despite a slight drop in rates,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. The 30-year fixed rate decreased for the first time in over two months to 7.06%, but remained close to its highest since 2002.”.

Mortgages 379

Mortgages Fixed-rate mortgage Loans Residential 379

Realty Biz

NOVEMBER 2, 2021

Pending home sales, a key measure of signed contracts to buy existing homes, unexpectedly dropped by 2.3% The National Association of Realtors said sales may have dropped due to higher mortgage rates. Analysts were expecting a small monthly gain in pending home sales. saw declines on the pending home sale index.

Sales 131

Sales Fixed-rate mortgage Mortgages Closing 131

Housing Wire

NOVEMBER 1, 2023

Rates for a 30-year, fixed-rate mortgage are the highest in over 20 years and may stay elevated for some time. In many cases, that product may still be a fixed-rate mortgage. But you’ll have to integrate it with your point of sale (POS) on the back end.

Loans 333

Loans Fixed-rate mortgage Lending Loan Officer 333

Housing Wire

FEBRUARY 23, 2022

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. For jumbo mortgage loans (greater than $647,200), rates rose to 3.84% from 3.81% the week prior. and the USDA held steady at 0.4%.

Mortgages 392

Mortgages Fixed-rate mortgage Loans Residential 392

Housing Wire

DECEMBER 10, 2020

Despite slightly higher Treasury yields, mortgage rates held steady at record lows this week, according to a survey by Freddie Mac. Rates remained at last week’s level of 2.71% for the 30-year fixed rate mortgage, according to Freddie Mac’s Primary Mortgage Market Survey. Presented by: SimpleNexus.

Mortgages 501

Mortgages Fixed-rate mortgage Loans Closing 501

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. 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.

Marketing 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

SEPTEMBER 16, 2022

UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage. Rocket said that a homebuyer with a $400,000, 30-year fixed rate mortgage with 5.75% interest would generally pay about $2,334 in principal and interest.

Mortgages 391

Mortgages Seller concession Fixed-rate mortgage Loans 391

Housing Wire

MAY 3, 2023

But Federal Reserve Chair Jerome Powell said in a press conference that no decision has been made and the Federal Open Markets Committee (FOMC) is closely monitoring economic data. In fact, traders on Wednesday were placing bets that the Fed will be forced to cut rates at least twice before the year closes as economic growth falters. .”

Banks 370

Banks Fixed-rate mortgage Loan Officer Mortgages 370

Calculated Risk Real Estate

MARCH 18, 2024

Whether it is continuing to hold a low basis stock to avoid a high taxable sale or avoiding portfolio rebalancing in the face of tax law changes to the treatment of dividends or capital gains, these lock-in effects play a major role in forming financial preferences (Dai et al., million sales between 2022Q2 and 2023Q4. In the U.S.,

Fixed-rate mortgage 111

Fixed-rate mortgage Mortgages Equity Title 111

Housing Wire

FEBRUARY 16, 2023

economy has remained resilient despite the Federal Reserve ‘s tightening monetary policy led to a substantial increase in mortgage rates last week. ” In January, inflation continued to climb well above the Fed’s target, at an annual rate of 6.4%. A year ago at this time, the same rates were at 3.92%.

Mortgages 400

Mortgages Fixed-rate mortgage Banks As-is 400

Housing Wire

APRIL 27, 2023

. “The 30-year fixed-rate mortgage increased modestly for the second straight week, but with the rate of inflation decelerating, rates should gently decline over the course of 2023,” Sam Khater , Freddie Mac’s chief economist, said in a statement. under the previous policy.

Mortgages 354

Mortgages Fixed-rate mortgage Loans Closing costs 354

Calculated Risk Real Estate

NOVEMBER 17, 2023

Early Read on Existing Home Sales in October From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.94 million SAAR.

Sales 64

Sales Fixed-rate mortgage MLS Mortgages 64

Calculated Risk Real Estate

JANUARY 2, 2024

Some of these questions concern real estate ( inventory, house prices, housing starts, new home sales ), and I’ll post thoughts on those in the newsletter (others like GDP and employment will be on my blog). August closing prices include some contracts signed in June, so there is a significant lag to this data. year-over-year.

Fixed-rate mortgage 122

Fixed-rate mortgage Sales Closing Equity 122

Housing Wire

JANUARY 13, 2022

Existing-home sales for 2021 are expected to show the highest levels in 15 years. While interest rates are projected to rise in 2022 to 3.5% for the 30-year-fixed rate mortgage by year end, the rate increases may temper demand in 2022. The reason to remain close to family may differ for different homebuyers.

Fixed-rate mortgage 450

Fixed-rate mortgage Closing As-is Loans 450

Housing Wire

MARCH 3, 2022

That’s because even as mortgage rates have fluctuated in recent days, they remain well above mortgage rates in prior months — really years — when the bulk of the MSRs were booked. In fact, this week alone, Carnes said MIAC expects to close two MSR deals with a combined value exceeding $6 billion.

Marketing 320

Marketing Fixed-rate mortgage Mortgages Loans 320

Realty Biz

MARCH 21, 2023

Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released today by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) systems.

Sales 101

Sales MLS Short sale Residential 101

RIS Media

AUGUST 13, 2021

Florida sales prices and new listings showed strong gains in 2Q 2021 compared to 2Q 2020, according to the latest housing data from Florida REALTORS®. Sales growth in the condo and townhouse resale market was even stronger, rising 117% (a total of 48,976 sales) compared to last year and up by almost 44% compared to two years ago.”

Sales 98

Sales Fixed-rate mortgage Mortgages Closing 98

Realty Biz

MAY 21, 2023

Miami-Dade County $1 million+ luxury home sales continued outperforming pre-pandemic levels as total median sale prices rose once again as the market leads the nation in real estate appreciation, according to April 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 92

Sales Short sale Fixed-rate mortgage MLS 92

Calculated Risk Real Estate

OCTOBER 18, 2023

Mortgage News Daily reports 30-year fixed rate mortgages rose to 8.0% This will mostly impact closed sales in November and December, and strongly suggests we will see new cycle lows for existing home sales over the winter. The consensus is the NAR will report sales of 3.94 million in August.

Mortgages 118

Mortgages Fixed-rate mortgage Sales Closing 118

Housing Wire

SEPTEMBER 22, 2022

The number of existing home sales reflects how the housing sector has been impacted by the Fed’s interest rate policies. Existing home sales declined for seven consecutive months in August, declining 0.4% to a seasonally adjusted annual rate of 4.8 Existing home sales are down 19.9% year-over-year.

Mortgages 401

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 401

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.

Mortgages 352

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage 352

RIS Media

FEBRUARY 4, 2022

The 30-year fixed-rate mortgage averaged 3.55% this week, remaining unchanged from the previous week, according to Freddie Mac’s Primary Mortgage Market Survey ® (PMMS ® ), released this week. 30-year fixed-rate mortgage – 3.55% (unchanged week over week, up from 2.73% YoY). weekly averages.

Fixed-rate mortgage 100

Fixed-rate mortgage Mortgages Sales Closing 100

Marco Santarelli

APRIL 12, 2024

The average 30-year fixed mortgage rate has remained below 7% in 2024 , with expectations of a gradual decrease over the year, assuming the Federal Reserve implements anticipated interest rate cuts. However, it's important to consider closing costs and how long you plan to stay in your home before making this decision.

Mortgages 116

Mortgages Fixed-rate mortgage Loans Closing costs 116