Housing Wire

APRIL 17, 2024

Mortgage rates hold major power in the housing industry; most importantly, high rates exacerbate the current affordability crisis by walloping the buying power of would-be buyers and discouraging some would-be sellers – those with low, fixed-rate mortgages – from listing their homes, a drain on available inventories.

Mortgages 493

Mortgages Fixed-rate mortgage Banks Residential 493

Housing Wire

MARCH 27, 2023

The ongoing banking instability may affect the availability of jumbo mortgages and residential construction loans due to the high concentration of those originations stemming from small and mid-sized banks, Fannie Mae’s Economic and Strategic Research (ESR) Group said.

Banks 396

Banks Lending Fixed-rate mortgage Construction 396

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 435

Mortgages Fixed-rate mortgage Construction New Construction 435

Housing Wire

JANUARY 17, 2024

Overall, mortgage applications rose by 10.4% 12, compared to one week earlier, on a seasonally adjusted basis, per the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey. Rates on jumbo loans (greater than $766,550) fell to 6.86% from 6.98% on a weekly basis. in the week ending Jan.

Mortgages 491

Mortgages Fixed-rate mortgage Loans Residential 491

Housing Wire

APRIL 7, 2022

Presented by: Finance of America. The latest MBA survey this week found that the landscape is reducing borrowers’ demand for mortgages. Interest in residential mortgage loans fell 6.25% for the week ending April 1. mortgage points.) While refi applications fell 10% from the prior week, purchase apps declined 3.4%

Mortgages 397

Mortgages Fixed-rate mortgage Loans Residential 397

Housing Wire

OCTOBER 27, 2022

Borrowers are now seeking options to reduce their initial mortgage payments while hoping that rates will decline enough to warrant a refinance in the next few years. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose 14 basis points from last week to 7.08%, accelerating its upward trajectory.

Mortgages 397

Mortgages Fixed-rate mortgage Loan Officer Seller concession 397

Housing Wire

SEPTEMBER 22, 2022

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. of total mortgage applications were for ARMs for the week ending Sep. research and consulting at TransUnion.

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

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. trillion. homeowners.

Equity 418

Equity Fixed-rate mortgage Principal Mortgages 418

Housing Wire

MAY 5, 2022

billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 billion, according to a presale report by Kroll Bond Rating Agency (KBRA). billion secured by single-family mortgage reference loan pools valued in total at $156.9 a week earlier.

Principal 370

Principal Fixed-rate mortgage Loans Residential 370

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. trillion. homeowners.

Equity 397

Equity Fixed-rate mortgage Principal Loans 397

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. Demand for approvals has definitely increased, but homebuyers are waiting to see if they will drop just as fast as they have come down recently, said Robby Oakes, managing director at CIMG Residential Mortgage.

Mortgages 482

Mortgages Fixed-rate mortgage Equity Loans 482

Housing Wire

JANUARY 9, 2024

Between late October and mid-December, the 30-year fixed-rate mortgage plummeted more than a percentage point [but] since then rates have moved sideways as the market digests incoming economic data,” Sam Khater, Freddie Mac’s chief economist, said in a recent media statement. 16 in the most recent rankings.

Equity 487

Equity Lending Banks Loans 487

Housing Wire

MARCH 3, 2022

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. But opening the wall and taking a sledgehammer to the plumbing usually creates a larger, more costly problem that will take much longer to fix.

Bankruptcy 388

Bankruptcy Investor Fixed-rate mortgage Loans 388

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year.

Marketing 433

Marketing Fixed-rate mortgage Bankruptcy Banks 433

Housing Wire

JULY 27, 2022

So, it appears Angel Oak’s liquidity channels are open for business this year, despite what the lender’s asset management arm, Angel Oak Capital Advisors , described in a recently published “2022 Mid-Year Outlook” white paper as a very challenging market for nonagency residential mortgage-backed securities (RMBS). a week earlier.

Marketing 397

Marketing Loans Investor Mortgages 397

Housing Wire

AUGUST 25, 2022

“For some smaller originators, it could kind of move the needle,” said Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW). “But I don’t think it can be meaningful for the big companies just because these other markets are smaller than the traditional mortgage market.”

Mortgages 418

Mortgages Equity Loans Seller concession 418

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. As a result, I think it has actually insulated some aspects of the market.

Construction 397

Construction New Construction Fixed-rate mortgage Finance 397

Housing Wire

AUGUST 29, 2022

. “Whether it’s our enhanced portfolio of adjustable-rate mortgage (ARM) and jumbo products, or more innovative solutions like Homepoint Cash Compete and Homepoint New Build, we’re giving consumers, real estate agents and home builders more reasons to work with our broker partners,” said Phil Shoemaker, president of originations at Homepoint.

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

Housing Wire

MARCH 29, 2023

Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs. Securities and Exchange Commission.

Equity 396

Equity Lending Loans Banks 396

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. over the past 12 months to 6,121.

Mortgages 370

Mortgages Loan Officer Banks Lending 370

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. So that will allow people to be more optimistic.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Housing Wire

SEPTEMBER 12, 2023

.” HousingWire spoke to lenders and loan officers to understand their expectations for the mortgage market and, ultimately, their strategies in a refi environment to retain borrowers and mitigate EPO penalties. When will the market turn? Let’s start with the good news.

Loan Officer 418

Loan Officer Loans Investor Mortgages 418

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

APRIL 27, 2025

For many, especially given the current market conditions centered around high borrowing costs, yes , buying a home with cash in 2025 presents a remarkably strong position, offering distinct advantages that financed buyers just can't touch, though like any big financial move, it requires careful consideration of your own situation.

Finance 52

Finance Loans Inspection Closing 52

Marco Santarelli

JUNE 8, 2024

With inflation double the Federal Reserve's target, there's a chance rates could climb even higher. As of June 06, 2024, the interest rate on a 30-year fixed-rate mortgage is 6.99%, and the rate for a 15-year fixed-rate mortgage is 6.29%. These rates are unchanged from the previous week.

Fixed-rate mortgage 97

Fixed-rate mortgage Commercial Land Banks 97

RIS Media

JANUARY 15, 2021

The National Association of REALTORS® (NAR) hosted some of the brightest minds in the housing finance world on Jan. 14 for a virtual event focused on fine-tuning the trade association’s ongoing proposal to transform Fannie Mae and Freddie Mac into mortgage market utilities. residential market.

Fixed-rate mortgage 105

Fixed-rate mortgage Investor Industrial Residential 105

Real Trends

NOVEMBER 7, 2022

Here are nine ways buying, owning and selling a home cuts taxes and improves your overall finances. Claiming the mortgage interest tax deduction. To incentivize homeownership, the government offers a mortgage interest tax deduction. To incentivize homeownership, the government offers a mortgage interest tax deduction.

Fixed-rate mortgage 98

Fixed-rate mortgage Agents Equity Principal 98

Marco Santarelli

JUNE 23, 2023

In this article, we will explore how rising interest rates affect real estate investors and the various areas where they can benefit. Mortgage Rates and Financing: For investors participating in all-cash deals, higher interest rates don't have much of an impact on the cost of acquiring new investment properties.

Investor 97

Investor Finance Fixed-rate mortgage Commercial 97

Marco Santarelli

DECEMBER 22, 2020

The Different Types of Real Estate Mortgage Notes. There are both commercial and residential mortgage notes, and both are open to investors. All mortgage notes should specify the roles and responsibilities of all parties and what qualifies as a breach of the agreement. Fixed-Rate Mortgage Loans.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

Realtor.com

MARCH 12, 2021

If the potential savings from a new mortgage won’t recoup the closing costs—like title insurance, state taxes, appraisal fees and more—it may not make sense to refinance just yet. The national average for associated refinancing fees is nearly $3,400 with taxes, according to ClosingCorp, a firm providing residential real-estate data.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

RIS Media

DECEMBER 30, 2020

We’ve seen the best year for both our franchise and residential businesses in more than a decade, fueled by the effects of COVID-19 and favorable interest rates.”. As the company expanded, so did the opportunities for new sales, thanks in large part to historically low interest rates, which remain around 3.0 July: Growth.

Fixed-rate mortgage 98

Fixed-rate mortgage Residential Technology Sales 98

RIS Media

MARCH 9, 2022

Inflation, rising interest rates, and new financing options are bringing more sellers into the market,” said John Deely, executive vice president of operations for Coldwell Banker Bain. Investor interest in residential rentals, plus political pushback on short-term rentals. A year ago, the average rate was 2.81%.

Purchase and sale agreement 98

Purchase and sale agreement MLS Fixed-rate mortgage Mortgages 98

Realtor.com

NOVEMBER 7, 2022

. “You will find these incentives explained on websites, social media, signs, and other places a builder might advertise to the public,” explains Kimberly Mackey , founder of New Homes Solutions and a sales and marketing management consultant specializing in residential homebuilding. Why builder incentives are on the rise today.

New Construction 76

New Construction Construction Finance Closing costs 76

Realty Biz

SEPTEMBER 4, 2021

And importantly, it did so through government-backed, low-interest, fixed-rate mortgages with zero or low-down payments with up to 30-year terms. As soon as builders and the finance industry figure it out, the new suburbs will be very different compared to the normal that existed from the 1950s into the 1990s.

Fixed-rate mortgage 78

Fixed-rate mortgage Construction New Construction Commercial 78

Toronto Realty Blog

SEPTEMBER 8, 2022

But let’s leave interest rates off the list, even though the Bank of Canada increased the overnight lending rate by 0.75% on Wednesday, because we knew that was going to happen. I want to talk about three things: trigger rates, variable vs. fixed spread, and alternative lenders. I’m trustworthy!

Marketing 111

Marketing Fixed-rate mortgage Banks Principal 111

HomeLight

APRIL 18, 2022

Consider the caveats before you commit to a mortgage. To make buying a house worth it, you’ll need to: Prepare your finances: Buying a house includes an array of costs on top of your down payment (think: Realtor® fees, home insurance, property taxes, home maintenance costs, and so on). The difference between theory and practice?

Equity 128

Equity Mortgages Fixed-rate mortgage Design 128

Marco Santarelli

JUNE 25, 2024

In a significant move that could impact the UK housing market , Barclays and HSBC have announced cuts to their fixed-rate mortgage deals. This decision comes amidst hints from the Bank of England regarding a potential summer base rate cut, which has led to speculation about a downward shift in mortgage rates across the industry.

Mortgages 52

Mortgages Marketing Fixed-rate mortgage Banks 52