Housing Wire

JUNE 16, 2022

The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. It’s painful that on the same $300,000 mortgage, the monthly payment rose to $1,800 today from $1,265 in December. mortgage industry to fund $4.1

Marketing 421

Marketing Fixed-rate mortgage Loan Officer Pre-approval 421

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. Meanwhile, it will be a long time before the industry sees a traditional refi boom. in 2024, followed by 5.5% in 2025.

Mortgages 458

Mortgages Fixed-rate mortgage Equity Loans 458

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.

Equity 397

Equity Fixed-rate mortgage Principal Mortgages 397

Housing Wire

OCTOBER 26, 2023

David Spector, chairman and CEO, told analysts that the company had “outstanding results” even as mortgage rates neared 8% in Q3. According to Spector, many of the borrowers who are locked in a low, fixed-rate mortgage are incentivized to stay in their homes. billion in unpaid principal balance (UPB) as of Sept.

Fixed-rate mortgage 420

Fixed-rate mortgage Principal Banks Loans 420

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.

Equity 384

Equity Fixed-rate mortgage Principal Loans 384

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% Before the Federal Reserve raised the federal funds rate by 0.75 The median existing house price increased 7.7%

Mortgages 421

Mortgages Loan Officer Pre-approval New Construction 421

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 397

Banks Mortgages Fixed-rate mortgage Loans 397

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.

Mortgages 384

Mortgages Residential Loans Lending 384

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. Jon Overfelt, director of sales and principal at American Security Mortgage Corp.

Mortgages 450

Mortgages Loan Officer Loans Equity 450

Marco Santarelli

DECEMBER 27, 2024

Generally, a mortgage interest rate represents the cost to borrow money expressed as a percentage. Borrowers can select between fixed-rate mortgages and adjustable-rate mortgages (ARMs).

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Loans Principal 52

Marco Santarelli

APRIL 5, 2025

Mortgage rates, particularly for 30-year fixed-rate mortgages, often follow the trend of these Treasury yields. So, as tariffs and trade concerns create economic uncertainty, pushing investors towards bonds, we often see a corresponding decrease in mortgage rates.

Mortgages 95

Mortgages Principal Construction Fixed-rate mortgage 95

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. To improve liquidity, it chose to reduce its servicing portfolio, completing a sale of single-family mortgage loans worth $257.3 2 overall lender, it’s to be No.

Loan Officer 410

Loan Officer Loans Equity Mortgages 410

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

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 98

Fixed-rate mortgage Agents Equity Principal 98

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? monthly payment, how much, on average in the first year, was principal being paid down? $7.

Principal 121

Principal Fixed-rate mortgage Pre-approval Mortgages 121

Marco Santarelli

MARCH 6, 2025

Decoding Mortgage Jargon: What Does It All Mean? Let's be real, the mortgage world is full of confusing terms. Let me break down some of the most important ones: Fixed-Rate Mortgage: The interest rate stays the same for the entire loan term. Loan Term: The length of time you have to pay off your mortgage.

Mortgages 64

Mortgages Debt-to-income ratio Loans Principal 64

Marco Santarelli

MAY 2, 2025

The average amount people are borrowing in a state can affect the rates lenders offer. State Regulations: Each state has its own set of rules and regulations governing the mortgage industry. These regulations can influence the costs for lenders, which they might pass on to borrowers in the form of slightly higher rates.

Mortgages 64

Mortgages Debt-to-income ratio Loans FHA loan 64

RIS Media

MARCH 28, 2022

The takeaway: “Low unemployment has spurred strong income growth in early 2022, but homebuyer affordability has decreased due to the quick rise in mortgage rates amidst steep home-price growth,” said Edward Seiler, MBA’s associate vice president, Housing Economics, and executive director, Research Institute for Housing America.

Mortgages 98

Mortgages FHA loan Fixed-rate mortgage Principal 98

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.

Marketing 111

Marketing Fixed-rate mortgage Banks Principal 111

HomeLight

AUGUST 28, 2020

Your mortgage company lends you $250,000. This $250,000 is called the loan principal. Your mortgage rate is what you’ll pay to borrow that $250,000 over time. It’s a percentage you pay on top of the loan principal. So, let’s say you’ll pay 5% interest on top of the $250,000 principal.

Mortgages 104

Mortgages Loans Fixed-rate mortgage Principal 104

HomeLight

JUNE 22, 2023

Borrowers must show they’ve been with the same employer or in the same industry for two years and they cannot earn more than the income threshold for their region. Q: What’s included in my monthly mortgage payment? A: Your monthly mortgage payment isn’t just paying back the money that you borrowed.

Debt-to-income ratio 98

Debt-to-income ratio Mortgages FHA loan Loans 98

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

Norada Real Estate

JUNE 22, 2022

If your down payment is lower than 20%, your loan-to-value ratio for conventional financing will be higher than 80%, and your lender may require you to pay private mortgage insurance. Types of Mortgage Options For Financing Turnkey Rental Properties. Fixed-rate mortgages. Adjustable-rate Mortgage.

Finance 96

Finance FHA loan Loans Investor 96

HomeLight

JANUARY 18, 2023

So if your home is worth $400,000, and you have $320,000 left in unpaid principal on your mortgage loan, that means you hold $80,000 equity in your home or 20%. The principal balance you still owe on your mortgage. Mortgage rates have spiked in the last year. How do I calculate my home equity?

Equity 105

Equity Marketing Loans Mortgages 105

Marco Santarelli

JANUARY 3, 2025

Its essential to remember that the rates listed are averages, meaning individual circumstances, such as your credit score and down payment, will affect the rates you may actually qualify for. 30-Year Fixed Mortgage: Current Trends The 30-year fixed mortgage rates are particularly popular among homebuyers due to their predictability.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Finance 52

Marco Santarelli

OCTOBER 22, 2022

Nearly 70% of the 44 economists polled between September 13 and 15 anticipate the fed funds rate will peak between 4% and 5% during this tightening cycle, with 20% believing it will need to exceed that level. Mortgage rates have risen at the fastest pace since the early 1980s. One year ago, they were less than 3 percent.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Principal Banks 52

Marco Santarelli

MAY 24, 2024

Mortgage Rates Predicted High in 2024 Fannie Mae Weighs In: Rates to Stay High in 2024 Fannie Mae, a major player in the mortgage industry, recently released a forecast predicting a slowdown in housing activity due to interest rates that are stubbornly sticking at high levels.

Mortgages 52

Mortgages Pre-approval Fixed-rate mortgage Principal 52

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

Marco Santarelli

MAY 28, 2025

There are several factors at play: Lender Presence and Competition: Different lenders operate in different regions, and the level of competition among them can influence rates. More competition typically leads to lower rates. State-Level Regulations: Each state has its own set of regulations governing the mortgage industry.

Mortgages 52

Mortgages Loans FHA loan Fixed-rate mortgage 52

Redfin

SEPTEMBER 27, 2021

Some lenders may approve you for a mortgage if your finances fall outside this ratio, but they will likely charge extra fees and a higher interest rate to cover the increased risk, making your mortgage more costly. . What’s a “comfortable” mortgage payment vs. an “aggressive” one?

Debt-to-income ratio 71

Debt-to-income ratio Closing costs Loans Title 71

HomeLight

JANUARY 27, 2021

A great agent also has relationships across the industry. Your mortgage payment is more than just the cost of the principal and interest on your loan. It includes your property taxes and mortgage insurance, too. Mortgage insurance — required for buyers putting down less than 20% on a home — typically adds around 0.5%

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

Marco Santarelli

JULY 30, 2020

2018’s FRM interest rate increase decreased the principal amount homebuyers can borrow while making the same sustainable mortgage payment. Last week, the average rate on 30-year fixed-rate mortgages dipped below 3% for the first time on record and this week stood at 3.01%, down from 3.75% a year ago, according to Freddie Mac.

Marketing 139

Marketing Investor Sales As-is 139

Housing Wire

SEPTEMBER 17, 2021

In fact, the average for a 30-year fixed-rate mortgage jumped 29 basis points in the days following the announcement and didn’t hit sub-3% until mid-July 2020. Chris Bennett is principal of mortgage industry hedge advisory firm Vice Capital Markets.

Marketing 410

Marketing Fixed-rate mortgage Mortgages Principal 410

Toronto Realty Blog

MAY 26, 2022

Looks like you’ve got a pretty good following and a good foothold in this industry. Now, consider that the overnight lending rate only has a direct impact on the variable rate mortgage, whereas the fixed-rates are affected by the bond market. per cent, according to mortgage brokers.

Fixed-rate mortgage 105

Fixed-rate mortgage Purchase and sale agreement Banks Mortgages 105

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). Got Clients With Interest Rate Questions?

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98

Marco Santarelli

MAY 29, 2025

How Mortgage and Refinance Rates Work At their essence, mortgage rates act as fees charged for borrowing money from lenders, presented as an annual percentage rate (APR). Two primary categories of mortgage rates exist: fixed-rate and adjustable-rate mortgages.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Investor 52

Marco Santarelli

FEBRUARY 14, 2025

As of February 14, 2025, mortgage rates have slightly increased. The average rate for a 30-year fixed-rate mortgage is now 6.92%, a small uptick of 0.01% from the previous week. This slight increase in rates is just one aspect of a complex and evolving housing market.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Debt-to-income ratio Loans 52