Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. 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 7.12% as of Sept.

Mortgages 401

Mortgages Fixed-rate mortgage Marketing MLS 401

Housing Wire

MAY 30, 2023

New construction could be the beacon of light the housing market desperately needs right now, as home builders are gaining confidence amongst rising sales, hopefully soon to translate to more residential construction breaking ground in the coming months.” Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3%

Mortgages 385

Mortgages Fixed-rate mortgage Construction New Construction 385

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Before the Federal Reserve raised the federal funds rate by 0.75 Will Savage, an LO at PMC Mortgage.

Mortgages 401

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 401

Housing Wire

MARCH 27, 2023

The ongoing banking instability may affect the availability of jumbo mortgages and residential construction loans due to the high concentration of those originations stemming from small and mid-sized banks, Fannie Mae’s Economic and Strategic Research (ESR) Group said. While single-family housing starts rose 1.1%

Banks 335

Banks Fixed-rate mortgage Lending Construction 335

Housing Wire

JANUARY 19, 2024

Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November. But we can’t blame high mortgage rates for the deficit in transactions last year. In 2023, 4.09 million units in December, down 1.0%

Fixed-rate mortgage 417

Fixed-rate mortgage Sales MLS Mortgages 417

Housing Wire

APRIL 22, 2021

A year after issuing its first Single-Family Green Mortgage Backed Security on Earth Day 2020, Fannie Mae has now completed 25 transactions for the program, totaling $167 million in bonds backed by mortgages on newly constructed, energy-efficient homes. Horton, Lennar Corp. and NVR Inc.

Fixed-rate mortgage 320

Fixed-rate mortgage Finance Investor Loans 320

Housing Wire

SEPTEMBER 20, 2023

The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. During a press conference with reporters on Wednesday, Fed Chair Jerome Powell said that the committee decided to leave their policy interest rate unchanged. However, only 70.9% a year earlier.

Fixed-rate mortgage 397

Fixed-rate mortgage Mortgages Investor MLS 397

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

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory.

Debt-to-income ratio 371

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 371

Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. Assess Your Finances As you might assume, a good place to begin is by assessing your finances. Let's take a closer look.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. It’s fair to say that 2022 has been a depressing year for homebuilders.

Construction 357

Construction New Construction Fixed-rate mortgage Finance 357

Housing Wire

MARCH 3, 2022

As all participants in the mortgage industry know, securitization is a critical tool for making loans to homeowners at affordable rates. The process of bundling loans and separating risks makes available fixed-rate mortgages that are fully prepayable at borrowing costs well below other forms of debt.

Bankruptcy 297

Bankruptcy Investor Fixed-rate mortgage Loans 297

Housing Wire

JANUARY 20, 2021

We stand ready to partner with the new administration to ensure that creditworthy homebuyers and small businesses can get mortgages and loans, enact comprehensive housing finance reform that protects the 30-year, fixed-rate mortgage and improve the Low-Income Housing Tax Credit.

Industrial 406

Industrial Fixed-rate mortgage Equity Construction 406

RIS Media

APRIL 21, 2022

Mortgage rates sailed past 5% this week with the 30-year fixed-rate mortgage averaging 5.11%, according to the latest Primary Mortgage Market Survey ® released by Freddie Mac Thursday. Key survey findings: 30-year fixed-rate mortgage averaged 5.11% with an average 0.8 realtor.com®’s

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Sales Loans 87

Marco Santarelli

MARCH 30, 2024

The decision to buy a house is a significant one, often influenced by a variety of economic factors, including interest rates. High interest rates can lead to higher monthly mortgage payments and overall borrowing costs, which may deter potential homebuyers.

Fixed-rate mortgage 110

Fixed-rate mortgage Finance Equity Mortgages 110

Marco Santarelli

OCTOBER 14, 2023

If you are thinking about buying a home or refinancing your current mortgage , you might be wondering how interest rates have changed over time and what factors affect them. In this blog post, we will take a look at the historical trends of mortgage rates in the U.S. How Have Mortgage Rates Changed by Year Since 1950?

Debt-to-income ratio 74

Debt-to-income ratio Mortgages Fixed-rate mortgage Construction 74

Realty Biz

MAY 28, 2022

There is no point in applying for a mortgage in Brazil if you plan to live in the United States. You need to know your different mortgage options and which one is the best for you and your situation. Conforming loans are the best of the two because they follow the rules and regulations set by the Federal Housing Finance Agency (FHFA).

Mortgages 93

Mortgages VA loan Fixed-rate mortgage Bankruptcy 93

Realtor.com

NOVEMBER 7, 2022

“Occasionally, builders may have some wiggle room to provide to a buyer something like a refrigerator—new construction doesn’t always include one—or blinds, or something along those lines, to incentivize a buyer further to make a move during a specific time frame, like by the end of the month or quarter,” says Mackey.

New Construction 76

New Construction Construction Finance Closing costs 76

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

Equity 402

Equity Loan Officer Loans Mortgages 402

Windemere Buying

FEBRUARY 14, 2022

Financing terms are the nuts and bolts of a successful home purchase. Knowing the different types of mortgage loans available to you will allow you to pinpoint the one that best fits your needs and is financially viable. Due to the added risk taken on by the lender, non-conforming loans typically have higher rates. government.

Loans 52

Loans Fixed-rate mortgage VA loan FHA loan 52

Marco Santarelli

NOVEMBER 1, 2023

The Looming Threat of a Housing Market Crash Fears of a housing market crash are looming large, casting a shadow of uncertainty as mortgage interest rates hover near 8%. The Federal Reserve's aggressive stance on interest rate hikes has raised concerns that a housing market recession akin to the 1980s could be in the making.

Marketing 52

Marketing Fixed-rate mortgage Construction Residential 52

Realty Biz

NOVEMBER 24, 2022

The vast majority of newly constructed homes are now in an HOA, and in general, just over half of homeowners live in an HOA community. If you not only live within an HOA but work for one that needs help managing its finances, consider opening an HOA checking account that can be used to pay for the frequent expenses that come up.

Industrial 94

Industrial Fixed-rate mortgage Banks Closing 94

Toronto Realty Blog

JANUARY 11, 2024

Let me throw some skin in the game here: my mortgage comes due in November of 2024. It’s been at the back of my mind since the spring of 2022 when interest rates started increasing, but it’s not something that I think about every day. I’m on a 2.59% fixed-rate mortgage. Is it on my mind?

Fixed-rate mortgage 73

Fixed-rate mortgage Banks Mortgages Construction 73

McKissock

MAY 30, 2023

Interest rates According to Freddie Mac, interest rates increased after a two-week decrease, with the average 30-year fixed-rate mortgage rising from 6.35% to 6.39% between May 11 and 18. As a potential recession looms, we may have reached the peak of this rate cycle, though rates are known for their volatility.

Banks 73

Banks Commercial Construction Fixed-rate mortgage 73

HomeLight

JUNE 21, 2023

It’s a big investment , and usually it’s based on a 20- or 30-year mortgage contract, unless you plan on selling before it’s paid off — and that has its own set of challenges. There’s also the benefit of knowing exactly how much your house payment will be every month with no threat of it increasing over time if you got a fixed-rate mortgage.

Equity 93

Equity Fixed-rate mortgage Loans Mortgages 93

Realtor.com

FEBRUARY 1, 2022

Record-high home prices and rising mortgage rates, coupled with the return to the office, even if only a few days a week, are prompting buyers to prioritize locations closer to their jobs that they can afford—instead of what’s bigger and better, say real estate experts. .” It’s the highest average rate since March 2020.

Fixed-rate mortgage 98

Fixed-rate mortgage Construction Design Land 98

Realty Biz

SEPTEMBER 4, 2021

And importantly, it did so through government-backed, low-interest, fixed-rate mortgages with zero or low-down payments with up to 30-year terms. Moving forward, came the pandemic that brought new construction almost to a standstill. In effect, the G.I. Bill put homes within reach of all but the poorest American vets.

Fixed-rate mortgage 78

Fixed-rate mortgage Construction New Construction Commercial 78

Notorious ROB

MARCH 16, 2023

Since this is not a finance blog nor a banking blog, I urge you to go check out all of the commentariat on finance and banking. I see no reason whatsoever that the same wouldn’t apply to some construction company in Iowa who left $25 million in the bank instead of doing basic treasury management stuff. I know I have.

Banks 72

Banks Finance Fixed-rate mortgage Loans 72

Realty Biz

AUGUST 22, 2022

As in any marketplace, real estate prices hinge primarily on demand vs supply, coupled with current mortgage interest rates. In 2020, lowered interest rates caused a massive upswing in demand from home buyers. Supply chain disruptions and business closures impacted the home construction industry during 2020.

Fixed-rate mortgage 88

Fixed-rate mortgage Construction Sales Mortgages 88

Realty Biz

NOVEMBER 18, 2022

At the same time, the cost of ownership doesn’t change at all, under the condition you are subject to a fixed-rate mortgage or have the property completely paid off. It’s a resource-intensive opportunity, and you definitely need more than bare finance to succeed with it.

Fixed-rate mortgage 83

Fixed-rate mortgage Renovation Construction As-is 83

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. 4 Key Interest Rate Questions That Could Save Your Clients Money. Amortization.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

Redfin

JULY 10, 2023

According to a new Redfin study, the average rent price in Austin is $2,951, while the estimated median monthly mortgage cost is $3,801. Stable monthly payments Buying a home with a fixed-rate mortgage means that your monthly mortgage payments stay the same over the duration of your mortgage.

New Construction 53

New Construction Equity Closing costs Purchase and sale agreement 53

Toronto Realty Blog

SEPTEMBER 8, 2022

Now, having said the preceding, there were a lot of awesome suggestions and even better comments to pick-and-choose from, so let me continue with my “Top Ten” discussion points for the fall market, picking up with our fourth point… – 4) Mortgage Matters. There is so, so, so much that we can talk about here!

Marketing 91

Marketing Fixed-rate mortgage Banks Principal 91

Toronto Realty Blog

JANUARY 6, 2022

I mean, have you seen the “CAT Construction” trucks? She had two major roadblocks ahead of her in the quest to buy a home: her lack of desire to take on a “large” mortgage, and her psychological barrier to a particular purchase price. Today, most of us, especially myself, see a mortgage as a payment plan.

Fixed-rate mortgage 99

Fixed-rate mortgage Banks Mortgages As-is 99

Marco Santarelli

AUGUST 18, 2022

The NH Housing Market Report by the New Hampshire Housing Finance Authority describes a market in “turmoil, buffeted by rising interest rates and economic uncertainty that presents extraordinary challenges for renters and homebuyers.” The New Hampshire housing market is still strong despite rising mortgage rates.

Marketing 52

Marketing Fixed-rate mortgage Sales Days on market 52

Redfin

JULY 14, 2023

Equity represents the difference between the market value of your property and the remaining balance on your mortgage. As you make regular mortgage payments, a portion goes towards reducing the principal amount owed, effectively increasing your equity. The post Renting vs Buying in Birmingham, AL: Which is Right for You?

Equity 49

Equity Fixed-rate mortgage Closing costs Inspection 49

Marco Santarelli

AUGUST 5, 2020

Low mortgage rates, population growth, and an increase in buyer interest are further driving the demand for available housing. Record low mortgage rates are providing opportunities for buyers to lock-in low monthly mortgage payments for future years. Their “Housing Market Recovery Index” reached 103.7

Marketing 145

Marketing Fixed-rate mortgage Sales Mortgages 145