Housing Wire

AUGUST 10, 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 6.96% as of August 10, up from last week ’s 6.90%. By contrast, the 30-year fixed-rate mortgage was at 5.22% a year ago at this time.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

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 429

Mortgages Fixed-rate mortgage Marketing MLS 429

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. Mortgage rates are around 7.7%, the highest levels in over 20 years, and LOs across America are having to reset their strategies. There’s growing concern in the mortgage industry that rates could even touch 8% before they fall below 7%. Really struggling.

Loan Officer 404

Loan Officer Mortgages Fixed-rate mortgage Loans 404

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 344

Fixed-rate mortgage Mortgages Loans New Construction 344

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. According to the MBA , mortgage applications decreased 9% across the board for the week ending January 27 compared to the week prior. Nik Shah, CEO of Home LLC.

Fixed-rate mortgage 346

Fixed-rate mortgage Mortgages Marketing Loan Officer 346

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 348

Fixed-rate mortgage Mortgages Loans Sales 348

Housing Wire

JULY 20, 2023

Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. Homebuilder sentiment rose for the seventh consecutive month and new construction activity slightly pulled back as the cost of materials picked up.

Mortgages 327

Mortgages Fixed-rate mortgage New Construction Construction 327

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. Rates for jumbo loan balances (greater than $647,200) went from 6.14% to 5.97% in the same period. . ” Uptick in applications .

Mortgages 404

Mortgages Fixed-rate mortgage Loans New Construction 404

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%. Other indexes show higher rates.

Mortgages 403

Mortgages Fixed-rate mortgage Loans Construction 403

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%. Mortgage loan application volume grew by 4.9%

Mortgages 442

Mortgages Fixed-rate mortgage Construction Banks 442

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. When you have an interest rate in the high 2% level and low 3% range, which many people do now, why would you want to sell your house?”

Loans 398

Loans Renovation Construction Mortgages 398

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. but are well-established in Europe. ENERGY STAR 3.0

Fixed-rate mortgage 357

Fixed-rate mortgage Finance Investor Loans 357

Housing Wire

DECEMBER 8, 2022

Mortgage rates continued the downward trend this week amid signs that the U.S. The recent declines, however, have not been enough to convince borrowers to take out a home loan. Most investors expect that in its meeting next week, the Fed will hike rates by 50 bps instead. The same loan rates averaged 3.10% one year ago.

Mortgages 376

Mortgages Fixed-rate mortgage Loans Construction 376

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. The gap peaked in November 2022, when the average note rate for new construction sales was one percentage point lower than the rate for existing home sales.

Debt-to-income ratio 400

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 400

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 457

Mortgages Fixed-rate mortgage Construction Sales 457

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

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 412

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 412

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 335

Bankruptcy Investor Fixed-rate mortgage Loans 335

Windemere Buying

FEBRUARY 14, 2022

So, which home loan is the right one for you? 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

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 402

Industrial Mortgages Fixed-rate mortgage Principal 402

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 400

Mortgages FHA loan Fixed-rate mortgage Loans 400

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

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 29, 2020

mortgage rate for a 30-year fixed loan remained steady this week, gaining one basis point to 2.81%, Freddie Mac said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.32%, falling from last week’s 2.33%. The average U.S.

Mortgages 414

Mortgages Construction Loans Industrial 414

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 98

Fixed-rate mortgage Mortgages Sales Loans 98

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

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

Realty Biz

MAY 28, 2022

You need to know your different mortgage options and which one is the best for you and your situation. Conventional Home Loan- This is the primary type of loan that most of you will already be familiar with. It is a loan that is not backed by any government entities.

Mortgages 93

Mortgages VA loan Fixed-rate mortgage Bankruptcy 93

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. Higher mortgage rates have yet to dampen demand among home buyers.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Marketing Investor 102

Realty Biz

MARCH 30, 2023

Understand the Types of Mortgages, Interest Rates, and Fees Before you can get started, it's important to understand the different types of mortgages available and the associated interest rates. To get the best rate for your situation, be sure to look closely at each type of mortgage.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Housing Wire

OCTOBER 19, 2023

Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% Per Mortgage News Daily , mortgage rates touched 8.03% on Wednesday, up from 7.69% the previous week. By contrast, the 30-year, fixed-rate mortgage was at 6.94% a year ago at this time.

Fixed-rate mortgage 463

Fixed-rate mortgage Mortgages Construction Loans 463

Marco Santarelli

SEPTEMBER 22, 2023

Loosening lending standards : Lenders who are willing to extend credit to borrowers with weak credit histories or offer loans with minimal down payments are engaging in risky lending practices that could lead to a housing bubble. Choose a fixed-rate mortgage : A fixed-rate mortgage will protect you from rising interest rates.

Pre-approval 98

Pre-approval Fixed-rate mortgage Lending Equity 98

The Residential Specialist

OCTOBER 19, 2021

“I expect that 2022 will still remain a seller’s market just because the inventory is still so low while mortgage rates are not likely to rise swiftly,” she adds. The causes of 2022’s slightly deflated demand: a slight increase in both new housing starts and interest rates, as well as buyer fatigue. million to 1.7

Marketing 105

Marketing Equity Fixed-rate mortgage Construction 105

Housing Wire

AUGUST 26, 2021

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.91%.

Fixed-rate mortgage 464

Fixed-rate mortgage Mortgages Loans Construction 464

Realty Biz

DECEMBER 18, 2021

Specific to real estate, inflation is going to drive both higher mortgage rates and higher property values. Even if the pace of construction picks up, new construction (supply) will be more expensive due to inflation. This is key to the unique window of opportunity that real estate currently has in this time of inflation.

Fixed-rate mortgage 81

Fixed-rate mortgage Investor Mortgages Construction 81

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. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

Construction 376

Construction New Construction Fixed-rate mortgage Finance 376

Rent, Buy & Sell

JANUARY 20, 2023

Today’s Current Mortgage Rates The average APR fell on a 30-year fixed mortgage today, slipping to 6.40% from 6.57%. Meanwhile, the average APR on the 15-year fixed mortgage is 5.66%. This same time last week, the 15-year fixed-rate mortgage APR was at 5.89%. Rates are quoted as APR.

Mortgages 59

Mortgages Lending Fixed-rate mortgage Inspection 59