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 392

Equity Fixed-rate mortgage Principal Mortgages 392

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 384

Equity Fixed-rate mortgage Principal Loans 384

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. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. “Not The mortgage industry is different from 14 years ago.

Fixed-rate mortgage 365

Fixed-rate mortgage Mortgages Loans Loan Officer 365

Housing Wire

AUGUST 10, 2023

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

JANUARY 4, 2023

The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. That’s because costs for borrowers were higher, reflecting the mortgage market’s response to the Federal Reserve ‘s tightening monetary policy. For jumbo loans (greater than $647,200), rates remained at 6.12%.

Mortgages 526

Mortgages Fixed-rate mortgage Loans Equity 526

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%

Mortgages 358

Mortgages Fixed-rate mortgage Loans Equity 358

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The mortgage industry is still rightsizing following nearly two years of historically low rates.

Mortgages 368

Mortgages Loan Officer Fixed-rate mortgage Loans 368

Housing Wire

OCTOBER 16, 2023

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. Mortgage applications are at multi-decade lows, and housing inventory remains highly depressed, helping push home prices up.

Fixed-rate mortgage 398

Fixed-rate mortgage Banks Lending Mortgages 398

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 92

Equity Fixed-rate mortgage Short sale Mortgages 92

Housing Wire

JUNE 6, 2022

Fintech lender Figure Technologies and multichannel originator Homebridge Financial Services last August announced a merger that they claimed would usher in monumental change to the mortgage industry. They will also work together to develop new products, such as a home equity line of credit (HELOC) and piggyback products. “We

Fixed-rate mortgage 395

Fixed-rate mortgage Lending Technology Loans 395

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. “We annualized as of August per the Consumer Price Index — as well as fast-rising interest rates.

Mortgages 367

Mortgages Marketing Banks Loans 367

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. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory.

Loans 401

Loans Renovation Construction Mortgages 401

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. .”

Mortgages 522

Mortgages Marketing Lending Loans 522

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 70

Equity Mortgages Fixed-rate mortgage Loans 70

Marco Santarelli

MARCH 30, 2024

When interest rates are high, borrowing becomes more expensive, which can slow down economic activities such as home buying and construction. This, in turn, can have a ripple effect on related industries, including real estate, home improvement, and retail.

Fixed-rate mortgage 111

Fixed-rate mortgage Finance Equity Mortgages 111

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 97

Fixed-rate mortgage Mortgages Loans Equity 97

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 104

Fixed-rate mortgage Mortgages Equity Loans 104

RIS Media

JULY 29, 2021

The real estate industry is unlike any other, exemplified through the market’s resilience during this pandemic while the overall economy was hit hard. Concerns over COVID-19 variants, particularly the highly infectious Delta strain, have begun cropping up, especially in areas with low vaccination rates where the virus has taken hold.

Fixed-rate mortgage 104

Fixed-rate mortgage Lending Equity Industrial 104

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. When interest rates hovered around 8%, it really hurt affordability,” Steinway said. There is a lot more inquiry for home equity line credit. Some borrowers are even getting quoted in the 6% range. in 2025.

Mortgages 458

Mortgages Fixed-rate mortgage Equity Loans 458

Marco Santarelli

JULY 29, 2022

Bond yields and mortgage rates declined throughout these times. Most mortgage-market analysts predict rates will be choppy over the next few months but will settle above where they are now—with the 30-year fixed-rate mortgage just around 5 percent—for the next year or two.

Mortgages 111

Mortgages Fixed-rate mortgage Loans Investor 111

Realtor.com

JULY 5, 2021

More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices. Those lower monthly payments, instead of traditional 30-year fixed-rate mortgages, are proving to be a strong lure for buyers looking to afford a home in the white-hot housing market.

Mortgages 121

Mortgages Fixed-rate mortgage Principal Loans 121

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

FEBRUARY 10, 2021

Freddie Mac announced Wednesday the creation of new leadership roles in order to address equity in housing in single- and multifamily housing businesses. Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. Pamela Perry.

Equity 527

Equity Fixed-rate mortgage Investor Development 527

Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.86%.

Fixed-rate mortgage 473

Fixed-rate mortgage Mortgages Equity Lending 473

Housing Wire

AUGUST 7, 2023

is one of the few places in the world where you can get a fixed-rate mortgage amortized over 30 years. Fixed-rate mortgages provide stability and predictability. The criteria to qualify for a fixed-rate mortgage has not changed much in the last 60 years.

Closing 362

Closing Fixed-rate mortgage Debt-to-income ratio Lending 362

Fancy Pants Homes

JUNE 9, 2022

Naturally, this has led many homeowners to consider refinancing their mortgages — in an attempt to either lower their interest rate, consolidate debts, or use the equity in their property to cover other large expenses. But despite its many benefits, the mortgage refinancing process can be a challenging undertaking.

Mortgages 59

Mortgages Due diligence Equity Fixed-rate mortgage 59

Housing Wire

FEBRUARY 26, 2024

Higher value home markets could conceivably help facilitate more unique facets of reverse mortgage business, including proprietary products that can serve beyond the limits of the Home Equity Conversion Mortgage (HECM) program, or HECM for Purchase. Probably about 20-25% of my business has been that product.”

Marketing 380

Marketing Fixed-rate mortgage Loans Mortgages 380

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 369

Mortgages Fixed-rate mortgage Banks Investor 369

Realtor.com

JULY 5, 2021

More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices. Those lower monthly payments, instead of traditional 30-year fixed-rate mortgages, are proving to be a strong lure for buyers looking to afford a home in the white-hot housing market.

Mortgages 56

Mortgages Fixed-rate mortgage Principal Loans 56

Marco Santarelli

APRIL 26, 2023

The rising interest rates doubled mortgage interest rates in 2022, peaking at 7% in November. There was speculation that the Fed might not hike interest rates in the wake of turmoil in the banking industry. However, it continued its policy of raising short-term interest rates to combat inflation.

Marketing 52

Marketing Debt-to-income ratio Fixed-rate mortgage Banks 52

Realty Biz

AUGUST 22, 2022

A recession also features: High prices Increasing unemployment Industrial stagnation Poor retail sales An overall decline in consumer spending. First-time buyers rushed to take advantage of this benefit, while homeowners saw it as a chance to upgrade to a larger home at more affordable rates. What Is a Recession? in the second quarter.

Fixed-rate mortgage 88

Fixed-rate mortgage Construction Sales Mortgages 88

Redfin

JULY 11, 2023

The interest rate and term length determine the amount of your monthly payments. What are the different types of mortgages? When considering mortgage options, it’s important to understand the different types available. Once the borrower’s equity reaches 20%, PMI can be canceled.

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Housing Wire

DECEMBER 29, 2023

“It finally seems like we are turning a corner and that’s good news after two years of the Fed’s negative perspective that we’ve heard,” Max Slyusarchuk, CEO of A&D Mortgage , said in an interview. Home equity is really a no-brainer today.

Mortgages 450

Mortgages Loan Officer Loans Equity 450

Realty Biz

SEPTEMBER 30, 2023

Mortgage insurance: If your credit score is low, lenders may require you to pay for private mortgage insurance (PMI) to protect their investment in case of default. Longer time to build equity: With a higher interest rate and potentially larger down payment, it may take longer for you to build equity in your home.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Toronto Realty Blog

JUNE 20, 2022

It’s impossible to satisfy every individual, every industry, and every market segment and/or participant. So what was it like “back in my day,” as some of our parents would say, when interest rates were sky-high? In the meantime, his mortgage pre-approval expired! But nothing of interest came out.

Principal 97

Principal Fixed-rate mortgage Pre-approval Mortgages 97

Housing Wire

MARCH 20, 2023

Rate hikes have rocked the housing and mortgage markets What the data does clearly show is that rate hikes over the last 12 months have already rocked the housing and mortgage markets. In 2021, mortgage originations hit a record high of $4.4 trillion, and will fall to $1.87 trillion in 2023.

Banks 385

Banks Mortgages Fixed-rate mortgage Loans 385

Realtor.com

JANUARY 26, 2023

There was a 9% rise in the number of lawsuits filed against real estate professionals from 2021 to 2022, according to data from Victor Insurance Managers, a firm representing over 14,000 real estate brokerages, mortgage lenders, and other industry professionals. “Housing will go through cycles.

Marketing 91

Marketing Fixed-rate mortgage Closing costs Mortgages 91