Housing Wire

JANUARY 12, 2024

As rates are currently declining, it makes sense for them to get a new mortgage. The lock-in effect is still real but listings are starting to tick up Declining mortgage rates appear to have helped the inventory situation somewhat. The 30-year fixed-rate mortgage averaged 6.66% as of Jan.

Fixed-rate mortgage 466

Fixed-rate mortgage Mortgages Equity Finance 466

Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. Santander’s decision regarding mortgage and home equity is another sign that the good times of the U.S. mortgage industry are in the past.

Banks 437

Banks Mortgages Fixed-rate mortgage Equity 437

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 There are two reasons for this price stability—record low inventory and record high equity.

Mortgages 436

Mortgages Fixed-rate mortgage Equity MLS 436

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. TD Bank ’s HELOC Trend Watch survey found that 43% of homeowners who are planning to renovate intend to use a HELOC or home equity loan to finance the project. So, it’s imperative to speak with a lender.

Renovation 369

Renovation Fixed-rate mortgage Equity Finance 369

HomeLight

OCTOBER 30, 2023

According to FreddieMac, The 30-year fixed-rate mortgage is preferred by almost 90% of homebuyers due to its combination of affordability and flexibility, making it the top choice. So, selling your house with one mortgage still in repayment is the norm. Get Estimate What if you took out a second mortgage?

Equity 103

Equity Loans Mortgages Fixed-rate mortgage 103

Housing Wire

JANUARY 6, 2021

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. In the final week of the year, the 15-year fixed-rate mortgage averaged 2.19%, a full point lower than the same period in 2019.

Fixed-rate mortgage 523

Fixed-rate mortgage Mortgages Loan Officer Loans 523

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Equity 425

Equity Lending Fixed-rate mortgage Loans 425

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. homeowners.

Equity 383

Equity Fixed-rate mortgage Principal Loans 383

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. homeowners.

Equity 385

Equity Fixed-rate mortgage Principal Mortgages 385

Housing Wire

FEBRUARY 6, 2023

Compared to the same time last year, the monthly mortgage payment on an averaged-priced home is 40% higher, or nearly $600 more, using a 20% down payment on a 30-year fixed-rate mortgage. On the flip side, temporary rate buydowns remained a relatively small share of originations.

Equity 383

Equity Fixed-rate mortgage Mortgages Loans 383

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. In the most recent Freddie Mac PMMS Mortgage Survey, which tracks purchase mortgage rates, the 30-year fixed-rate mortgage last week averaged 5.23% while the 5-year ARM averaged 4.12%. “It’s

Fixed-rate mortgage 360

Fixed-rate mortgage Mortgages Loans Loan Officer 360

Housing Wire

JANUARY 4, 2023

That’s because costs for borrowers were higher, reflecting the mortgage market’s response to the Federal Reserve ‘s tightening monetary policy. The MBA estimates the 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58% for the week ending December 30 from 6.42% in the previous week.

Mortgages 525

Mortgages Fixed-rate mortgage Loans Equity 525

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. Wells Fargo’s mortgage originations reached $7.8

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

Housing Wire

APRIL 14, 2022

.” The gulf between the average 30-year-fixed rate conforming mortgage and a 30-year jumbo, a product for wealthier borrowers, widened to 42 basis points, according to Black Knight ‘s Optimal Blue OBMMI pricing engine, which considers refinancings and additional data from the Mortgage Bankers Association (MBA).

Mortgages 417

Mortgages Fixed-rate mortgage Banks Equity 417

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 395

Mortgages Seller concession Fixed-rate mortgage Loans 395

Housing Wire

MARCH 23, 2022

“The jump in rates comes as markets moved to price in a much faster pace of rate hikes, as well as expectations of fewer MBS purchases from the Federal Reserve ,” Joel Kan, associate vice president of economic and industry forecasting for the MBA, said in a statement. of total applications last week, from 44.8% the previous week.

Mortgages 350

Mortgages Fixed-rate mortgage Loans Equity 350

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Economists had predicted rates would rise as the overall economy stabilized. Other indices put mortgage rates even higher.

Industrial 383

Industrial Mortgages Fixed-rate mortgage Equity 383

Housing Wire

MARCH 9, 2023

Interest rates on home loans, which were already ticking upward, jumped last week, and it’s adding affordability challenges to the market. Freddie Mac ‘s Primary Mortgage Market Survey (PMMS) showed the 30-year fixed-rate mortgage averaged 6.73% as of March 9, up eight basis points from last week’s 6.65%.

Mortgages 381

Mortgages Fixed-rate mortgage Equity Loans 381

RIS Media

OCTOBER 5, 2021

released its latest Mortgage Monitor Report , exploring the relationship between equity positions and downstream foreclosure start rates and, ultimately, distressed liquidations. Whether that’s due to lack of understanding of their equity positions or the foreclosure process in general is unclear,” he added.

Equity 85

Equity Fixed-rate mortgage Short sale Mortgages 85

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.

Fixed-rate mortgage 340

Fixed-rate mortgage Finance Investor Loans 340

Housing Wire

AUGUST 17, 2023

With mortgage rates currently north of 7%, there’s a rate lock-in effect in which homeowners are reluctant to give up their existing low rates and take on a new mortgage with higher rates. Rank Company Growth (3-yr Avg.) 5000 – 2023

Mortgages 365

Mortgages Loan Officer Fixed-rate mortgage Loans 365

Housing Wire

JULY 26, 2023

Ahead of the Fed meeting, mortgage applications fell last week, recording the lowest index of purchase applications in over a month. On Tuesday afternoon, mortgage rates for 30-year fixed-rate mortgages were at 6.87%, according to HousingWire‘s Mortgage Rates Center.

Fixed-rate mortgage 369

Fixed-rate mortgage Investor Mortgages Banks 369

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Tapping that equity. ” Just a little less vanilla. .”

Mortgages 392

Mortgages Equity Loans Seller concession 392

Housing Wire

JUNE 6, 2022

They will also work together to develop new products, such as a home equity line of credit (HELOC) and piggyback products. “We In early April, the company launched a cryptocurrency-backed 30-year fixed-rate mortgage product for borrowers to use bitcoin and/or ether as collateral.

Fixed-rate mortgage 390

Fixed-rate mortgage Lending Technology Loans 390

Housing Wire

APRIL 8, 2021

Should the property increase in value over time, then you, in turn, will have built up more equity. The equity built from owning a home can extend far beyond the homeowners themselves. Like the financial equity you may build when you own a home, you’re building emotional equity for yourself and your family.

Equity 400

Equity Fixed-rate mortgage Principal Mortgages 400

Housing Wire

OCTOBER 16, 2023

.” With that, Broeksmit rattled off a number of grievances against foes the Beltway. Mortgage rates On the day Broeksmit addressed the crowd in Philadelphia, mortgage rates were north of 7.7% on a standard 30-year fixed-rate mortgage.

Fixed-rate mortgage 384

Fixed-rate mortgage Banks Lending Mortgages 384

Keeping Current Matters

FEBRUARY 4, 2021

In today’s housing market, there are clear financial benefits to owning a home: increasing equity , the chance to build your net worth , and appreciating home values, just to name a few. As soon as you buy a home, your monthly housing costs begin to work for you as forced savings in the form of equity.

Fixed-rate mortgage 277

Fixed-rate mortgage Equity Finance Mortgages 277

Keeping Current Matters

MAY 27, 2021

A mortgage payment is forced savings ; it goes toward building equity you will likely get back when you sell your home. Your mortgage payment remains relatively the same over time. For the homeowner with a fixed-rate mortgage, monthly payments increase only if property taxes and property insurance costs increase.

Fixed-rate mortgage 242

Fixed-rate mortgage Principal Mortgages Equity 242

RIS Media

JANUARY 4, 2021

Bankrate.com recently released its 2021 Interest Rate Forecast , providing specific predictions for mortgage rates, home equity rates, and more. ” “The Fed funds rate is pinned to the floor of 0 to 0.25 percent and the average HELOC rate at 4.61 percent and the average HELOC rate at 4.61

Equity 64

Equity Mortgages Fixed-rate mortgage Loans 64

Housing Wire

DECEMBER 8, 2020

LIBOR is commonly used in setting the interest rate for many adjustable-rate consumer financial products and its end will affect adjustable and variable rate loans, reverse mortgages, credit cards, home equity loans, and adjustable-rate mortgages. How are lenders proceeding, then?

Fixed-rate mortgage 343

Fixed-rate mortgage Loans Mortgages Equity 343

Housing Wire

OCTOBER 13, 2022

The firm specializes in asset-backed credit, whole loans and private equity. Capasse sees the headwinds facing the independent mortgage banking industry over the next couple years as being near hurricane-force in their impact. annualized as of August per the Consumer Price Index — as well as fast-rising interest rates.

Mortgages 363

Mortgages Marketing Banks Loans 363

Redfin

DECEMBER 15, 2023

In 2020, interest rates took a sharp dive as the Federal Reserve sought to stave off economic collapse amid the pandemic. The resulting low rates sparked a surge in real estate transactions, with numerous homebuyers securing 30-year fixed-rate mortgages below 3%.

Fixed-rate mortgage 60

Fixed-rate mortgage Mortgages Title search Equity 60

Realty Biz

JULY 19, 2021

Reasons For Refinancing a Home Mortgage. How Mortgage Refinancing Can Help You. If you refinance your mortgage, you can reduce your monthly outgoings, change the loan terms, or use the equity you have to provide money when you need it. Everyone has different reasons for wanting to refinance a mortgage.

Mortgages 145

Mortgages Fixed-rate mortgage Equity Loans 145

RIS Media

MARCH 23, 2022

Average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 4.5% Average contact interest rate for 30-year fixed-rate mortgages with balances greater than $647,200 increased 4.11 from 4.27%. from 4.23%. from 4.23%.

Fixed-rate mortgage 94

Fixed-rate mortgage Mortgages Loans Equity 94

Marco Santarelli

MARCH 30, 2024

Adjustable-rate mortgages (ARMs) , for instance, may offer lower initial rates compared to fixed-rate mortgages, providing some relief to homebuyers. The Long-Term View: Equity Building and Market Cycles Taking a long-term perspective is crucial when considering a home purchase.

Fixed-rate mortgage 109

Fixed-rate mortgage Finance Equity Mortgages 109

Realty Biz

AUGUST 12, 2023

Fixed-Rate Mortgage : A mortgage in which the interest rate remains the same for the entire term of the loan. Adjustable-Rate Mortgage (ARM) : A mortgage in which the interest rate can change periodically based on changes in a corresponding financial index.

Purchase and sale agreement 98

Purchase and sale agreement Mortgages Pre-approval Title search 98

RIS Media

JULY 30, 2021

The 30-year fixed-rate mortgage is averaging 2.80%, according to the latest Private Mortgage Market Survey from Freddie Mac. Here’s where rates stand: – The 30-year fixed-rate mortgage averaged 2.80% with an average 0.7 A year ago at this time, the 30-year FRM averaged 2.99%.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Equity Loans 102