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 382

Equity Fixed-rate mortgage Principal Loans 382

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. The mortgage industry is different from 14 years ago.

Fixed-rate mortgage 369

Fixed-rate mortgage Mortgages Loans Loan Officer 369

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 519

Mortgages Marketing Lending Loans 519

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. On average, $92,000 of equity per homeowner in America.”

Mortgages 523

Mortgages Fixed-rate mortgage Loans Equity 523

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 367

Mortgages Fixed-rate mortgage Loans Equity 367

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

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 370

Mortgages Loan Officer Fixed-rate mortgage Loans 370

Housing Wire

OCTOBER 16, 2023

The market is rocky, margins are tight. And the grind may not end anytime soon, Mortgage Bankers Association President and CEO Bob Broeksmit told attendees in a fiery speech at the trade group’s annual conference this week in Philadelphia. on a standard 30-year fixed-rate mortgage. And warehouse lines.

Fixed-rate mortgage 405

Fixed-rate mortgage Banks Lending Mortgages 405

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 98

Equity Fixed-rate mortgage Short sale Mortgages 98

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 393

Fixed-rate mortgage Lending Technology Loans 393

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 402

Loans Renovation Construction Mortgages 402

Marco Santarelli

MARCH 30, 2024

This uncertainty underscores the importance of personal financial planning and consulting with financial advisors to make the best decision based on individual circumstances and market conditions. Is It Better to Buy a House When Interest Rates Are High?

Fixed-rate mortgage 111

Fixed-rate mortgage Finance Equity Mortgages 111

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 105

Fixed-rate mortgage Mortgages Equity Loans 105

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 With mortgage rates now at 4.5 from 4.27%. from 4.23%.

Fixed-rate mortgage 98

Fixed-rate mortgage Mortgages Loans Equity 98

Marco Santarelli

APRIL 26, 2023

The housing market is an ever-changing landscape, with various factors influencing its trends and movements. One of the most significant factors impacting the housing market is interest rates. Housing market interest rates (or mortgage rates) play a crucial role in the decision-making process for both homebuyers and sellers.

Marketing 52

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

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. The Labor Department’s last Consumer Price Index (CPI), which is a strong gauge of inflation in the markets, reported that consumer prices increased by 0.9%

Fixed-rate mortgage 105

Fixed-rate mortgage Lending Equity Industrial 105

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

Housing Wire

FEBRUARY 26, 2024

This is also an adage that is holding true in some of the nation’s more expensive housing markets including California , Florida and Washington State , according to reverse mortgage professionals in these areas that spoke with RMD. Tom O’Donoghue “I’ve seen a lot of interest in FAR’s ‘EquityAvail’ program,” O’Donoghue said.

Marketing 394

Marketing Fixed-rate mortgage Loans Mortgages 394

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. When rates go up by a point, people sit on the sidelines. We really need an orderly, return to normal rates,” said Oakes.

Mortgages 450

Mortgages Fixed-rate mortgage Equity Loans 450

Realtor.com

JANUARY 26, 2023

Even in those earliest days of the COVID-19 pandemic, the housing market was very competitive. Now with price growth slowing , and even falling in many markets, many of those now-homeowners believe they overpaid for the residences. “No one wants to be the last person in buying at the height of the market.

Marketing 91

Marketing Fixed-rate mortgage Closing costs Mortgages 91

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

Marco Santarelli

JULY 23, 2022

In the summer of 2022, there is a lot of speculation in the media that the slowing housing market is an indication that the market is headed for a housing crash. People who recall the subprime mortgage crisis are concerned that the recent spike in home prices followed by a pause signals the bursting of another housing bubble.

Mortgages 52

Mortgages Marketing Lending Equity 52

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 464

Fixed-rate mortgage Mortgages Equity Lending 464

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. Independent mortgage bankers use lines of credit to fund all of their loans and therefore must sell them promptly on the secondary mortgage market.

Closing 368

Closing Fixed-rate mortgage Debt-to-income ratio Lending 368

Realty Biz

AUGUST 22, 2022

Yet, a recession isn’t necessarily a bad thing for first-time buyers wanting to enter the real estate market. A recession also features: High prices Increasing unemployment Industrial stagnation Poor retail sales An overall decline in consumer spending. However, many other factors can affect the real estate market, too.

Fixed-rate mortgage 88

Fixed-rate mortgage Construction Sales Mortgages 88

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher.

Mortgages 370

Mortgages Fixed-rate mortgage Banks Investor 370

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

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

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It

Mortgages 441

Mortgages Loan Officer Loans Equity 441

Toronto Realty Blog

JUNE 20, 2022

The previous regime of the US Federal Reserve was trying to combat both recessionary pressures and inflation simultaneously, with interest rates being lowered and raised like a yo-yo, making a mess of the financial markets, consumer expectations and understanding, and the price of goods and services. But nothing of interest came out.

Principal 97

Principal Fixed-rate mortgage Pre-approval Mortgages 97

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. How is a mortgage rate determined?

Pre-approval 59

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

Housing Wire

MARCH 20, 2023

The Fed’s past actions in the name of checking inflation also threaten to break — or may already have broken — other critical economic sectors, including the housing market. More current spot market rent data, such as Zillow’s observed rent index , showed a month-over-month increase of 0.3%, significantly below the government figure of 0.8%.

Banks 390

Banks Mortgages Fixed-rate mortgage Loans 390

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

HomeLight

JANUARY 18, 2023

If you’re like most homeowners, you’re eyeing the home equity market with caution – or flat-out worry. The housing market is cooling off quickly, and it could continue to spiral in the coming year. That means you’re probably concerned you’ll lose equity and are wondering how much value you might miss out on in the coming year.

Equity 85

Equity Marketing Loans Principal 85

Housing Wire

AUGUST 29, 2022

After two golden years in the mortgage market during the pandemic period, refis have dried up and the industry has since pivoted toward a purchase market. It’s been about two months since UWM rolled out its new pricing strategy and Ishbia says he is already seeing the impact on the market. . Not all about pricing.

Equity 404

Equity Loan Officer Loans Mortgages 404