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.

Equity 389

Equity Fixed-rate mortgage Principal Mortgages 389

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.

Equity 382

Equity Fixed-rate mortgage Principal Loans 382

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% to a seasonally adjusted annual rate of 4.8 The median existing house price increased 7.7%

Mortgages 412

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 412

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

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

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 of that $492.70

Principal 97

Principal Fixed-rate mortgage Pre-approval Mortgages 97

Housing Wire

OCTOBER 5, 2023

Fannie Mae on Thursday announced that its Desktop Underwriter (DU) system will include new changes to the maximum allowable loan-to-value (LTV) ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions, as well as other updates to further align the system with recent changes to the Selling Guide.

Loans 442

Loans Fixed-rate mortgage Principal Renovation 442

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

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. They usually buy them at REO auctions, renovate them and rent them out to the tenants, before putting the property on the market for sale. This is certainly a Win-Win situation.

Finance 96

Finance FHA loan Investor Loans 96

Redfin

JULY 11, 2023

Essentially, a mortgage enables individuals to become homeowners by providing the necessary funds upfront, with the property serving as security for the loan. How does a mortgage work? When you take out a mortgage, the lender provides you with a specific amount of money to buy a home. What are the different types of mortgages?

Pre-approval 59

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

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

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 383

Banks Mortgages Fixed-rate mortgage Loans 383

Housing Wire

AUGUST 11, 2022

Because they are deemed riskier loans than conforming agency-eligible mortgages, rates for non-QM loans generally average around 150 basis points higher than conforming rates in a normal market, according to industry experts. a long-term player in the non-QM mortgage market. The Angel Oak Cos.

Mortgages 381

Mortgages Loans Residential Lending 381

HomeLight

JANUARY 27, 2021

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. They’ll have specialized market information that others won’t. It’s an exciting step in life, to be sure.

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

Toronto Realty Blog

MAY 26, 2022

I mean, “fine” with the state of the market and what she can expect to sell her condo for, but nobody is really “fine” with selling for less than they would have, could have, should have. Looks like you’ve got a pretty good following and a good foothold in this industry. She’s fine with that.

Fixed-rate mortgage 91

Fixed-rate mortgage Purchase and sale agreement Banks Mortgages 91

HomeLight

JUNE 22, 2023

To help you understand exactly what you’re getting into, we’ve created a comprehensive guide that answers the most common mortgage questions buyers have for lenders about the mortgage process. have a conforming lending limit of $548,250, though it can be higher in some of the priciest housing markets. Most counties in the U.S.

Debt-to-income ratio 86

Debt-to-income ratio Mortgages FHA loan Loans 86

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

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. We asked two experts to help get to the bottom of what’s happening to home equity in the current housing market: Donald J.

Equity 85

Equity Marketing Loans Principal 85

Marco Santarelli

OCTOBER 22, 2022

Fannie Mae expects the Fed to continue raising short-term interest rates and anticipate another 75 basis point hike at its September meeting, but markets are partially pricing in a total 100 basis point increase. The Fed Funds rate is expected to peak in the 3.50-3.75 Rates were less than 3% just a year ago.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Principal Banks 52

Real Trends

NOVEMBER 7, 2022

Let’s say you get a 30-year fixed-rate mortgage of $350,000 with a 6.5% interest rate to buy a condo. Your payment for principal and interest would be close to $2,200 a month or $26,400 a year. Amortizing a fixed-rate mortgage. Hedging against inflation.

Fixed-rate mortgage 92

Fixed-rate mortgage Agents Equity Principal 92

HomeLight

AUGUST 28, 2020

homeowners don’t even know what their mortgage rate is , much less how it’s factored. We spoke to John Boyles, HomeLight’s Head of Capital Markets, to walk us through the basics of mortgage rates, so you can make an informed decision when it comes to your home purchase. Your mortgage company lends you $250,000.

Mortgages 82

Mortgages Loans Fixed-rate mortgage Principal 82

Marco Santarelli

JULY 30, 2020

We will discuss the latest Los Angeles housing market trends & news and find out how they can affect the investors and homebuyers. The rise in home prices and sales have shifted the market conditions to a balanced one. The latest “LOS ANGELES HOUSING MARKET REPORT” is given below. In June, we saw a rebound in home sales.

Marketing 139

Marketing Investor Sales As-is 139

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Annual percentage rate (APR). Related Article. Assignment.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97

Toronto Realty Blog

SEPTEMBER 8, 2022

Thank you for all the comments, suggestions, and excellent insights posted in the comments section that I read with glee over the weekend as I typed out my list of the “Top Ten” discussion points for the fall market. I want to talk about three things: trigger rates, variable vs. fixed spread, and alternative lenders.

Marketing 91

Marketing Fixed-rate mortgage Banks Principal 91