Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. It was the expectation that the U.S.

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Mortgages Fixed-rate mortgage Investor Loans 457

Housing Wire

JULY 27, 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 6.81% as of July 27, up from last week ’s 6.78%. By contrast, the 30-year fixed-rate mortgage was at 5.30% a year ago at this time.

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Fixed-rate mortgage Mortgages Loans New Construction 309

Housing Wire

AUGUST 26, 2021

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.91%.

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Fixed-rate mortgage Mortgages Loans Construction 464

Housing Wire

JULY 22, 2021

The average 30-year fixed-rate mortgage sank 10 basis points to 2.78% for the week ending on July 22, continuing several weeks of declines , according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The Mobile “Must-Haves” Reshaping Mortgage Technology.

Mortgages 471

Mortgages Fixed-rate mortgage Investor Technology 471

Housing Wire

SEPTEMBER 14, 2023

Mortgage rates inched back up this week and remain anchored north of 7% as investors focus on the impact of rising headline inflation ahead of next week’s Fed rate decision. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time. 14, up from last week ’s 7.12%.

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Mortgages Fixed-rate mortgage Investor MLS 419

Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. Investors assessed the state of the U.S. economy after Fitch Ratings downgraded the U.S.′ long-term, foreign currency issuer default rating from AAA to AA+ on Tuesday. The following day, the U.S.

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Fixed-rate mortgage Mortgages Loans Sales 315

Housing Wire

MARCH 30, 2023

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. The survey shows the same rate was 4.67% a year ago. “Spring sellers should start getting their home ready for sale, keeping in mind that it took longer than expected to prep.” ” Surging rates ahead?

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Housing Wire

JULY 20, 2023

Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. As inflation slows, mortgage rates decreased this week,” said Sam Khater, Freddie Mac ’s chief economist in a statement.

Mortgages 290

Mortgages Fixed-rate mortgage New Construction Construction 290

Housing Wire

AUGUST 25, 2021

Refis ticked up 1% from the prior week and purchase mortgage applications jumped 3%, the trade group said on Wednesday. “ Mortgage rates slightly declined as a result, with the 30-year fixed rate decreasing for the first time in three weeks. The mix of refis was unchanged from the previous week at 67.3%

Fixed-rate mortgage 393

Fixed-rate mortgage Mortgages Loans Investor 393

Housing Wire

JULY 1, 2021

The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data released Thursday by Freddie Mac ‘s PMMS. Within the past almost three months, mortgage rates have only peaked above 3% one time.

Mortgages 493

Mortgages Fixed-rate mortgage Investor Sales 493

Housing Wire

JULY 26, 2023

The Federal Reserve (Fed) raised the federal funds rate 25 basis points to the 5.25 While the markets have already “priced in” this rate hike, which was widely expected, most investors are already wondering what it would take for the central bank to lift rates again later this year. What’s next? However, 79.2%

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Fixed-rate mortgage Investor Mortgages Banks 368

Housing Wire

SEPTEMBER 23, 2021

This has led to a rise in foreign investor purchases of U.S. Treasuries, causing mortgage rates to remain in place, despite the increasing dispersion of inflation across different consumer goods and services.”. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%. Presented by: CoreLogic.

Mortgages 441

Mortgages Fixed-rate mortgage Construction Banks 441

Housing Wire

FEBRUARY 10, 2021

The company said Nunnink, who brings nearly a decade of experience working with Freddie Mac’s Optigo network, will leverage her relationships with investors, lenders and borrowers to drive industry-wide outcomes. “At Before that, Nunnink held various production roles for banks and investment groups.

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Equity Fixed-rate mortgage Investor Development 523

Housing Wire

AUGUST 17, 2023

Mortgage rates continued to climb this week as U.S. According to those analysts, investors in the bond market are reacting to the government issuing debt and expecting the Federal Reserve to increase rates in September amid persistent inflation. bond yields hit their highest level since 2008.

Mortgages 329

Mortgages Fixed-rate mortgage Loans Loan Officer 329

Housing Wire

MAY 24, 2023

They are likely to be replaced by money managers as investors. Meanwhile, with the primary market struggling amid higher rates and lower inventory, MBS supply is expected to decline. “A 30-year fixed rate mortgage is an unusual beast,” Boston said. The Fed and U.S.

Marketing 319

Marketing Banks Fixed-rate mortgage Investor 319

Housing Wire

AUGUST 3, 2022

“Mortgage rates declined last week following another announcement of tighter monetary policy from the Federal Reserve , with the likelihood of more rate hikes to come,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement. The MBA’s estimate also shows that rates are falling.

Mortgages 374

Mortgages Fixed-rate mortgage Loans Residential 374

Housing Wire

MARCH 27, 2023

The group expects the recent banking turbulence to impact single-family mortgage lending in the jumbo market, leading to fewer sales in related regions and market segments. Regardless of how the banking turbulence plays out, Fannie Mae continues to expect home sales activity to remain subdued for the remainder of 2023.

Banks 335

Banks Fixed-rate mortgage Lending Construction 335

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

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Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

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Housing Wire

APRIL 7, 2022

Potential borrowers who’ve been priced out of the housing market need to be able to compete with an increasingly growing share of cash buyers and investors who are beating them in bidding wars. The latest MBA survey this week found that the landscape is reducing borrowers’ demand for mortgages. mortgage points.)

Mortgages 380

Mortgages Fixed-rate mortgage Loans Residential 380

Housing Wire

FEBRUARY 10, 2021

The company said Nunnink, who brings nearly a decade of experience working with Freddie Mac’s Optigo network, will leverage her relationships with investors, lenders and borrowers to drive industry-wide outcomes. “At Before that, Nunnink held various production roles for banks and investment groups.

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Fixed-rate mortgage Equity Investor Development 358

Housing Wire

DECEMBER 8, 2022

Inflation and labor market are slowing down, which means that the Federal Reserve does not need to increase the federal funds rate as aggressively as it did with the 75 basis point hikes from the last four meetings. Most investors expect that in its meeting next week, the Fed will hike rates by 50 bps instead.

Mortgages 355

Mortgages Fixed-rate mortgage Loans Construction 355

Housing Wire

MAY 3, 2023

.” The Fed reiterated that it would continue to reduce its holdings of Treasury securities, agency debt and agency-backed mortgage-backed securities. “But the shakiness in the banking sector has made it more likely that the Fed will pause future rate increases. .”

Banks 370

Banks Fixed-rate mortgage Loan Officer Mortgages 370

Housing Wire

JUNE 29, 2022

Census Bureau report released late last week spurred a bout of optimism when it revealed that new-home sales jumped by nearly 11% month-over-month in May on a seasonally adjusted basis, after declining by 12% in April. On June 21], the National Association of Realtors said that existing-home sales declined for the fourth consecutive month.

Marketing 408

Marketing Fixed-rate mortgage Mortgages Investor 408

Housing Wire

FEBRUARY 22, 2023

Mortgage demand was down 56.8% This compelled investors to up their bets that the Fed will have to keep raising its federal funds rate through the summer. The 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.62% for the week ending Feb. million units in 2024.

Mortgages 338

Mortgages Fixed-rate mortgage Loans Banks 338

Housing Wire

MARCH 3, 2022

That’s because even as mortgage rates have fluctuated in recent days, they remain well above mortgage rates in prior months — really years — when the bulk of the MSRs were booked. we have seen the Treasury market impacted as many investors, both domestic and foreign, have invested in the safety of U.S.

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Marketing Fixed-rate mortgage Mortgages Loans 320

Housing Wire

SEPTEMBER 9, 2022

The frenetic pace of growth in nonagency issuance has since slowed, however, due to a variety of market pressures — chief among them the contraction of mortgage originations in the face of fast-rising interest rates. “In Less than one year later, in June 2022, the rate reached 5.8% …. “In

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Broke Agent Media

MARCH 22, 2023

BAM Key Details: According to the National Association of REALTORS®, existing home sales increased 14.5% Year-over-year, however, existing home sales dropped 22.6% and the median existing-home sale price fell 0.2% That said, year-over-year, existing home sales are down 22.6%. from a year ago to $363,000.

Sales 98

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Housing Wire

APRIL 7, 2023

When this back and forth was unfolding, mortgage demand rose 2.9% compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. An opportunity for commercial real estate investors and developers?

Commercial 335

Commercial Banks Fixed-rate mortgage Residential 335

Realtor.com

JANUARY 28, 2021

jacoblund/iStock Mortgage rates dipped slightly over the past week, as investors sought a safe haven amid volatile markets and concerns about the economy. But the era of persistently falling rates has likely passed, which is bad news for home buyers. The 30-year fixed-rate mortgage averaged 2.73% for the week ending Jan.

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Fixed-rate mortgage Mortgages Investor Title 112

Housing Wire

APRIL 14, 2022

How that policy of shrinking the Fed’s MBS holdings will ultimately shake out short-term in the mortgage origination and secondary markets as it is played out, she said, is simply not knowable at this point, however. “It’s You don’t know what investor demand is going to be. The Fed, however, appears resolute in its path.

Marketing 372

Marketing Purchase and sale agreement Investor Banks 372

Toronto Realty Blog

MAY 21, 2024

Last year, we saw the lowest number of sales since I started charting this data in 2002. I want to say “of all time,” but surely there were fewer sales in 1998 when the city was half the size, so years ago, I selected 2002 as my starting point. ” Sales peaked in 2021. Ultra-low interest rates.

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Fixed-rate mortgage Investor Sales Mortgages 77

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 439

Mortgages Loan Officer Loans Equity 439

RIS Media

SEPTEMBER 3, 2021

Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) reports that the 30-year fixed-rate mortgage (FRM) averaged 2.87%—remaining flat. Mortgage details: – The 30-year fixed-rate mortgage averaged 2.87% with an average 0.6 point for the week ending Sept.

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Fixed-rate mortgage Mortgages Marketing Investor 102

RIS Media

MARCH 4, 2022

Mortgage rates fell a bit more this week from the week prior, according to Freddie Mac’s latest weekly Primary Mortgage Market Survey (PMMS), which showed that the 30-year fixed-rate mortgage (FRM) averaged 3.76%, down from 3.89% last week. 15-year fixed-rate mortgage averaged 3.01% with an average 0.8

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Fixed-rate mortgage Mortgages Investor Loans 95

Marco Santarelli

MAY 22, 2024

After a scorching hot few years, recent data reveals a slowdown in home sales activity. Rising mortgage rates are slowing home sales but prices stay high. According to the National Association of REALTORS® , all major regions in the United States witnessed declines in sales compared to the previous month.

Mortgages 96

Mortgages Marketing Lending Fixed-rate mortgage 96

Marco Santarelli

MAY 30, 2024

As of May 30th, 2024, the average 30-year fixed-rate mortgage (FRM) has jumped over the 7% mark for the first time in years. That's right, after a short breather with lower rates, things are heating back up – and it's not good news for housing affordability. At that rate, your monthly payment would be around $1,815.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Marketing 52