Housing Wire

JUNE 7, 2023

High home prices and mortgage rates are continuing to constrain affordability in housing markets nationwide. Fannie Mae ‘s Home Purchase Sentiment Index (HPSI) — which tracks the housing market and consumer confidence with selling or buying a home — declined by 1.2 points in May to 65.6. It now takes 34.2%

Fixed-rate mortgage 346

Fixed-rate mortgage Principal Mortgages Marketing 346

Housing Wire

NOVEMBER 2, 2022

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference. It may be another year or two before that happens,” Yun said.

Industrial 406

Industrial Mortgages Fixed-rate mortgage Principal 406

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 395

Fixed-rate mortgage Principal Banks Loans 395

Housing Wire

SEPTEMBER 17, 2021

Recent comments from Federal Reserve Vice Chair Richard Clarida reaffirmed the Fed’s previously stated timeline of 2023, and unless economic conditions improve drastically over the next 12 to 18 months, this would be the earliest that the Fed would consider raising the Fed funds rate.

Marketing 396

Marketing Fixed-rate mortgage Mortgages Principal 396

Housing Wire

MAY 2, 2022

in February, which was the first month to see price growth greater than 20%, according to Black Knight ’s monthly mortgage monitor report. As measured by the share of median income required to make the principal and interest payment on the average-priced home bought with 20% down, U.S. Annual home price gains saw 19.9%

Fixed-rate mortgage 421

Fixed-rate mortgage Principal Mortgages Investor 421

Housing Wire

MARCH 24, 2022

The one-two punch of higher mortgage rates and escalating home prices reduced homebuyers ’ ability to buy homes in February. Conventional loans’ national median mortgage payment went from $1,582 in January to $1,749 in February. Mortgages comprehend a higher portion of Black households’ income. in the prior month.

FHA loan 511

FHA loan Fixed-rate mortgage Loan Officer Principal 511

HomeLight

NOVEMBER 6, 2023

Skyrocketing mortgage interest rates can make homeownership seem like an elusive dream. With rates hitting their highest point in almost 23 years, the path to purchasing a home has become more challenging. For some home shoppers, there’s a potential solution: assumable mortgages. Which mortgage loans are assumable?

FHA loan 101

FHA loan VA loan Mortgages Marketing 101

Housing Wire

JUNE 15, 2023

“Bond yields and rates started to rise as the debt ceiling was getting closer and closer, and we have had such big bond market auctions to deal with that pushed yields higher, even after a tame inflation report,” Mohtashami said. Fed officials expect the federal funds rate to be at 5.6% The industry wants a complete stop.

As-is 359

As-is Industrial Fixed-rate mortgage Mortgages 359

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. HELOCs offer flexibility.

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. HELOCs offer flexibility.

Equity 384

Equity Fixed-rate mortgage Principal Loans 384

Keeping Current Matters

FEBRUARY 23, 2021

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months.

Mortgages 264

Mortgages Fixed-rate mortgage Principal Loans 264

Realty Biz

AUGUST 12, 2023

Buying a home is a significant decision, and understanding mortgage terms can make the process smoother. Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. Principal : The amount of money you borrowed to buy the home. Over time, you'll pay down the principal and interest.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Fixed-rate mortgage 97

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6 billion in 2021 to $4.6

Equity 431

Equity Lending Fixed-rate mortgage Loans 431

HomeLight

DECEMBER 27, 2023

Speaking with a mortgage lender — or several — before you buy a home shows that you’re a serious consumer, but talking with one of these experts before you sell a house also has several benefits. That starts with determining what it will take to pay off your mortgage. Learn More 1.

Pre-approval 109

Pre-approval Mortgages Equity Principal 109

Realtor.com

JULY 5, 2021

Getty Images Mortgage payments that grew more expensive over time were one of the main culprits of the housing bust that led to a worldwide, financial disaster in the mid-2000s. More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices.

Mortgages 121

Mortgages Fixed-rate mortgage Principal Loans 121

Housing Wire

APRIL 8, 2021

When you make a mortgage payment, part of that money goes toward the principal balance. The longer you live there and pay down the mortgage, the greater your stake in the property’s value. As a reliable partner in the mortgage process, Citi is here to help you take your first steps toward homeownership.

Equity 406

Equity Fixed-rate mortgage Principal Mortgages 406

Realty Biz

JANUARY 15, 2023

In this article, we will discuss the difference between purchase and refinance mortgages so that you can determine if you want to go for them and eliminate worrying about them from your list. What Is a Purchase Mortgage? What Is a Refinance Mortgage? Key Differences Between Purchase and Refinance Mortgages. Loan amount.

Mortgages 103

Mortgages Fixed-rate mortgage Loans Finance 103

Toronto Realty Blog

APRIL 18, 2022

But the point I’m trying to make today is that you can seemingly make a market out of anything. You can make a market out of anything. Because it’s a shot across the bow to anybody that is going to suggest an assumable mortgage is not a commodity that can, or will, be bought and sold with regularity in the coming months.

Fixed-rate mortgage 91

Fixed-rate mortgage Mortgages Purchase and sale agreement MLS 91

Realtor.com

APRIL 5, 2021

Getty Images What is an interest-only mortgage? It’s a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. But unlike a conventional ARM, borrowers don’t build any equity in their home with an interest-only mortgage. “I

Loans 122

Loans Mortgages Principal Equity 122

Realty Biz

NOVEMBER 12, 2022

The real estate market has been a challenge to navigate during the past few years, and New Jersey is no exception. Dennis Lynch is a real estate analyst based in Rumson, New Jersey , and he has a tremendous amount of experience navigating all types of real estate markets. Where are housing prices dropping in New Jersey?

Fixed-rate mortgage 94

Fixed-rate mortgage Marketing Principal Closing costs 94

Realty Biz

JANUARY 18, 2023

Did you know that mortgage rates have been climbing since 2021? In 2021, the average interest rate for 30-year fixed-rate mortgages was lower than 3%. However, the rate briefly touched 7% in late 2022 and has been between 6% and 7% since the beginning of 2023. Make More Frequent Mortgage Payments.

Mortgages 84

Mortgages Principal Loans Fixed-rate mortgage 84

Realtor.com

JULY 5, 2021

Getty Images Mortgage payments that grew more expensive over time were one of the main culprits of the housing bust that led to a worldwide, financial disaster in the mid-2000s. More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices.

Mortgages 56

Mortgages Fixed-rate mortgage Principal Loans 56

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. HousingWire’s Mortgage Rates Center showed 30-year conforming rates at 6.998% on Monday.

Mortgages 458

Mortgages Fixed-rate mortgage Equity Loans 458

Realty Biz

JUNE 11, 2023

Understanding Interest Rates Before delving into how to use interest rates to your advantage, let's first understand what they are. Interest rates represent the cost of borrowing money. In the context of home buying, the interest rate is what you'll pay on top of your principal loan amount.

Fixed-rate mortgage 79

Fixed-rate mortgage Closing costs Principal Loans 79

Marco Santarelli

DECEMBER 22, 2020

Mortgage note investing is one of the best real estate investment opportunities available but it is rarely discussed. In this article, we shall discuss the various types of mortgage notes and how to invest in them. Mortgage notes are also known as real estate lien notes and borrower’s notes.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

Redfin

NOVEMBER 18, 2020

As a first-time homebuyer , you might be confused or even bewildered by the mortgage process and its many moving parts. Here’s what you need to know about what a mortgage is and how it works for all parties – when you peek behind the curtain, you’ll realize it’s just another tool for purchasing a home.

Mortgages 68

Mortgages Principal Fixed-rate mortgage Loans 68

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 450

Mortgages Loan Officer Loans Equity 450

HomeLight

SEPTEMBER 30, 2020

Mortgage payments can take up a good chunk of your income, especially with a new home. And the interest you pay on that mortgage loan is nothing to sneeze at. In 1982, mortgage rates hit an annual average of 16.03%. That means for a 30-year conventional mortgage loan for $250,000, you’d be paying $962,458.72

Mortgages 98

Mortgages Fixed-rate mortgage Equity Loans 98

Realty Biz

NOVEMBER 28, 2021

Real estate experts believe the housing market could be unseasonably hot this winter, with above-normal levels of home buying activity. The limited supply of homes for sale has plagued real estate markets across the U.S. The 30-year fixed-rate mortgage averaged 3.1% for many months now. by the middle of next year.

Sales 112

Sales Fixed-rate mortgage Principal Mortgages 112

Redfin

JULY 11, 2023

In this comprehensive guide, by Redfin, we will delve into ten common questions about mortgages, offering valuable insights and expert answers. What is a mortgage? A mortgage is a loan specifically designed for purchasing a property, commonly a home. How does a mortgage work? What are the different types of mortgages?

Pre-approval 59

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

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

MARCH 25, 2024

Fueled by a surge in mortgage rates , owning a home has become increasingly expensive. According to a Freddie Ma c housing and mortgage market report released Monday, while mortgage payments remain the primary pressure point for homeowners, insurance costs are emerging as a growing burden. from 2022 and up 40.8%

Fixed-rate mortgage 395

Fixed-rate mortgage Principal Mortgages Marketing 395

Toronto Realty Blog

FEBRUARY 24, 2021

The entire world consists of people who want to pay off their mortgage, either those who work every day with the goal in mind, or those who dream of doing so in that hypothetical, ‘what would you do if you won the lottery’ type of way. TorontoRealtyBlog. But consider the buyer of a $1,500,000 house with a 20% down payment.

Mortgages 90

Mortgages Fixed-rate mortgage Finance Equity 90

HomeLight

AUGUST 26, 2020

Picture this: You’ve been in your home for a few months, and lately, it seems like you’re getting more and more junk mail encouraging you to refinance your mortgage. The main reason to refinance your mortgage. On March 2, 2020 , rates averaged 3.7%, which was the lowest they’d been since 2011. Use the equity in your home.

Fixed-rate mortgage 142

Fixed-rate mortgage Equity Loans VA loan 142

Realty Biz

JUNE 15, 2022

A fixed-rate mortgage is stable for 15 to 30 years, but rents may increase on average as much as 5% per year. . Money spent on a mortgage each month is building equity in something you’ll eventually own, and is a foundational means to growing wealth. You Need a 20% Down Payment to Get a Mortgage.

Debt-to-income ratio 97

Debt-to-income ratio VA loan Fixed-rate mortgage Loans 97

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 385

Banks Mortgages Fixed-rate mortgage Loans 385

Windemere Selling

JUNE 13, 2022

Homeowners can often reach a financial fork in the road when they must decide to either refinance their existing mortgage or sell their home. Each route has its respective advantages depending on your financial health, the mortgage rate market , and the future needs of your household.

Debt-to-income ratio 52

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