Housing Wire

JUNE 23, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. The post Mortgage applications rise again, despite rates jump appeared first on HousingWire.

Fixed-rate mortgage 344

Fixed-rate mortgage Mortgages Loans Construction 344

Housing Wire

SEPTEMBER 7, 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 7.12% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 5.89% a year ago at this time. 7, down from last week ’s 7.18%.

Mortgages 426

Mortgages Fixed-rate mortgage Marketing MLS 426

Housing Wire

JULY 27, 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 6.81% as of July 27, up from last week ’s 6.78%. By contrast, the 30-year fixed-rate mortgage was at 5.30% a year ago at this time.

Fixed-rate mortgage 328

Fixed-rate mortgage Mortgages Loans New Construction 328

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 434

Fixed-rate mortgage Sales MLS Mortgages 434

Housing Wire

FEBRUARY 1, 2023

According to the MBA , mortgage applications decreased 9% across the board for the week ending January 27 compared to the week prior. At the same time, the 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased one basis point to 6.19%. Nik Shah, CEO of Home LLC.

Fixed-rate mortgage 332

Fixed-rate mortgage Mortgages Marketing Loan Officer 332

Housing Wire

SEPTEMBER 23, 2021

HousingWire spoke to Sage Nichols about some of the current trends and technology in mortgage underwriting and how CoreLogic’s Complete Collateral is helping underwriters work more efficiently. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%. Presented by: CoreLogic.

Mortgages 450

Mortgages Fixed-rate mortgage Construction Banks 450

Housing Wire

AUGUST 3, 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 6.90% as of August 3, up from last week ’s 6.81%. By contrast, the 30-year fixed-rate mortgage was at 4.99% a year ago at this time.

Fixed-rate mortgage 334

Fixed-rate mortgage Mortgages Loans Sales 334

Housing Wire

DECEMBER 20, 2022

“The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as the U.S. Rates for jumbo loan balances (greater than $647,200) went from 6.14% to 5.97% in the same period. .

Mortgages 410

Mortgages Fixed-rate mortgage Loans New Construction 410

Housing Wire

SEPTEMBER 29, 2023

LOs told HousingWire that they were quoting borrowers in the mid-to-high 7% range for 30-year fixed-rate mortgages this week, even greater than the 7.31% figure reported by Freddie Mac on Thursday. There’s growing concern in the mortgage industry that rates could even touch 8% before they fall below 7%.

Loan Officer 409

Loan Officer Mortgages Fixed-rate mortgage Loans 409

Housing Wire

JULY 20, 2023

Homebuilder sentiment rose for the seventh consecutive month and new construction activity slightly pulled back as the cost of materials picked up. While the Federal Funds rate does not directly impact mortgage rates, it installs a floor beneath the cost of borrowing, meaning mortgage rates are likely to remain elevated for the time being.”

Mortgages 309

Mortgages Fixed-rate mortgage New Construction Construction 309

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 401

Mortgages Fixed-rate mortgage Construction New Construction 401

Housing Wire

OCTOBER 20, 2022

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. A year ago at this time, rates averaged 3.09%.

Mortgages 406

Mortgages Fixed-rate mortgage Loans Construction 406

Housing Wire

FEBRUARY 27, 2023

NAR expects the economy to continue adding jobs throughout 2023 and 2024, and the 30-year fixed rate mortgage to steadily drop to an average of 6.1% The NAR attributes this to the rising costs of land and construction materials. “In Despite the strong monthly increase, pending home sales are down 24.1% in 2023 and 5.4%

Sales 416

Sales Fixed-rate mortgage MLS Mortgages 416

Housing Wire

JUNE 17, 2021

The average 30-year fixed-rate mortgage fell three basis points from the week prior to 2.93%, according to data released Thursday by Freddie Mac ‘s PMMS. This marks the first time in over two months mortgage rates have fluctuated outside a five basis point range above or below 3%.

Mortgages 450

Mortgages Fixed-rate mortgage Construction Development 450

Housing Wire

MAY 27, 2021

“Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow,” said Sam Khater, Freddie Mac’s chief economist. “In In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually.

Mortgages 466

Mortgages Fixed-rate mortgage Construction Sales 466

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.

Fixed-rate mortgage 346

Fixed-rate mortgage Finance Investor Loans 346

Housing Wire

MAY 11, 2023

Rates reflected a moderation in inflation and the banking crisis, and the consequent expectation that the Federal Reserve ( Fed ) is done hiking the federal funds rate. “While inflation remains elevated, its rate of growth has moderated and is expected to decelerate over the remainder of 2023. .”

Mortgages 368

Mortgages Fixed-rate mortgage Construction Banks 368

Housing Wire

DECEMBER 8, 2022

Inflation and labor market are slowing down, which means that the Federal Reserve does not need to increase the federal funds rate as aggressively as it did with the 75 basis point hikes from the last four meetings. Most investors expect that in its meeting next week, the Fed will hike rates by 50 bps instead.

Mortgages 371

Mortgages Fixed-rate mortgage Loans Construction 371

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. The 30-year fixed rate mortgages are expected to average 6.3% Barnes said.

Loans 396

Loans Renovation Construction Mortgages 396

Housing Wire

SEPTEMBER 20, 2023

range on Wednesday morning, according to interest rate traders. of these investors bet officials will freeze the rate hike at the November 1st meeting. On Monday, mortgage rates for 30-year fixed-rate mortgages were at 7.21%, according to HousingWire‘s Mortgage Rates Center.

Fixed-rate mortgage 423

Fixed-rate mortgage Mortgages Investor MLS 423

Housing Wire

SEPTEMBER 22, 2022

“Now the Fed has signaled that it will hike rates several more times this year and next year, so mortgage rates have plenty of room to go up even more.”. We do not see new construction returning in a meaningful way any time soon. “We do not see new construction returning in a meaningful way any time soon.

Mortgages 416

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 416

Housing Wire

DECEMBER 12, 2023

Meanwhile, inventory for new homes soared to levels last seen during the Great Financial Crisis as builders worked off the backlog accumulated from the pandemic’s construction boom. However, once rates and inventory levels started to rise thereafter, a growing gap emerged between the two series.

Debt-to-income ratio 395

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 395

RIS Media

JUNE 4, 2021

Mortgage interest rates inched up, with the 30-year fixed-rate mortgage averaging 2.99%, according to the latest Freddie Mac Primary Mortgage Market Survey®. Here’s where rates stand: – 30-Year Fixed-Rate Mortgage : Averaged 2.99% with an average 0.6

Fixed-rate mortgage 98

Fixed-rate mortgage Mortgages Construction Marketing 98

Housing Wire

NOVEMBER 2, 2022

Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement. The Fed’s short-term rate does not directly impact long-term mortgage rates, but it does steer market activity to create higher rates and reduce demand. .

Industrial 404

Industrial Mortgages Fixed-rate mortgage Principal 404

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

RIS Media

FEBRUARY 10, 2022

Freddie Mac released its latest Primary Mortgage Market Survey (PMMS), which showed a notable uptick, as the 30-year fixed-rate mortgage (FRM) averaged 3.69%. Key findings: 30-year fixed-rate mortgage averaged 3.69% with an average 0.8 15-year fixed-rate mortgage averaged 2.93% with an average 0.8

Loans 98

Loans Fixed-rate mortgage Mortgages Construction 98

RIS Media

JANUARY 20, 2022

According to the agency’s Primary Mortgage Market Survey ® (PMMS), the 30-year fixed mortgage rate averaged 3.56% for the week ending Jan. Mortgage details: 30-year fixed-rate mortgage averaged 3.56% with an average 0.7 15-year fixed-rate mortgage averaged 2.79% with an average 0.6

Fixed-rate mortgage 96

Fixed-rate mortgage Mortgages Construction Marketing 96

Marco Santarelli

APRIL 20, 2024

Shifting Market Dynamics: Higher interest rates may incentivize some homeowners who locked in ultra-low rates to stay put. New Construction: While not a major short-term solution, an increase in new home construction activity could eventually contribute to a more balanced inventory level.

Marketing 105

Marketing Pre-approval Fixed-rate mortgage New Construction 105

Marco Santarelli

APRIL 20, 2024

Experts from various financial institutions and housing associations have weighed in, providing a consensus that, while the rates may not see a dramatic drop, there is an expectation of a downward trend. The Mortgage Bankers Association (MBA) forecasts that the 30-year fixed-rate mortgage will end 2024 at 6.1%

Mortgages 119

Mortgages Fixed-rate mortgage Lending Banks 119

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 319

Bankruptcy Investor Fixed-rate mortgage Loans 319

Realty Biz

APRIL 19, 2024

The 30-year fixed-rate mortgage rate was at 6.6 At the same time, new constructions struggle to keep up with the market. Yet, given economic uncertainties and construction pace issues, this storyline is fraught with ifs and buts. This average increased by 5.1 percent from the previous year.

Marketing 90

Marketing Fixed-rate mortgage Construction Banks 90

Marco Santarelli

MARCH 30, 2024

Interest rates are a powerful economic tool that can influence consumer behavior, investment decisions, and overall economic growth. When interest rates are high, borrowing becomes more expensive, which can slow down economic activities such as home buying and construction.

Fixed-rate mortgage 111

Fixed-rate mortgage Finance Equity Mortgages 111

Marco Santarelli

OCTOBER 14, 2023

According to Freddie Mac's Primary Mortgage Market Survey (PMMS) , which tracks the average rates for 30-year fixed-rate mortgages since 1971 , mortgage rates have ranged from a record low of 2.65% in January 2021 to a record high of 18.63% in October 1981. to 8.6% , averaging around 6.2%

Debt-to-income ratio 88

Debt-to-income ratio Mortgages Fixed-rate mortgage Construction 88

Housing Wire

OCTOBER 21, 2020

Fratantoni brought up this point, saying that short-term rates will stay at 0% at least until 2022 and said that we will see a very cautious Fed when it comes to raising rates from here. However, he forecasted that rates will steadily rise over the next year. Housing inventory and prices.

Mortgages 401

Mortgages FHA loan Fixed-rate mortgage Loans 401

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 91

Fixed-rate mortgage Mortgages Sales Loans 91

RIS Media

SEPTEMBER 17, 2020

According to Freddie Mac , mortgage interest rates are generally holding steady, with the 30-year fixed-rate mortgage averaging 2.87 The 15-year fixed-rate mortgage averaged 2.35 ” — Mike Fratantoni, Chief Economist, Mortgage Bankers Association. percent with an average 0.8

Fixed-rate mortgage 112

Fixed-rate mortgage Industrial Mortgages Construction 112

Realtor.com

MARCH 25, 2021

The 30-year fixed-rate mortgage averaged 3.17% for the week ending March 25, up eight basis points from the previous week, Freddie Mac reported Thursday. It’s the highest level the 30-year mortgage has reached since June of last year. And that’s bad news for some home buyers. Overall, it’s a recipe for higher prices.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Marketing Investor 102