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 370

Mortgages Fixed-rate mortgage New Construction Construction 370

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. is likely to enter a recession,” Mike Fratantoni, Mortgage Bankers Association’s senior vice president and chief economist, said in a statement.

Mortgages 410

Mortgages Fixed-rate mortgage Loans New Construction 410

Housing Wire

MAY 30, 2023

That said, the challenges posed by current mortgage rates and the continuing possibility of economic weakness are likely to remain a headwind for housing prices for at least the next several months.” The average rate in March on a 30-year-fixed rate mortgage in March was 6.54%, with the rate dropping to 6.34% in April.

Mortgages 410

Mortgages Fixed-rate mortgage Construction New Construction 410

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 Will Savage, an LO at PMC Mortgage.

Mortgages 421

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 421

Housing Wire

OCTOBER 21, 2020

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. However, he forecasted that rates will steadily rise over the next year. MBA forecasts mortgage originations to total $3.18

Mortgages 410

Mortgages FHA loan Fixed-rate mortgage Loans 410

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory.

Debt-to-income ratio 421

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 421

Realtor.com

NOVEMBER 7, 2022

“Occasionally, builders may have some wiggle room to provide to a buyer something like a refrigerator—new construction doesn’t always include one—or blinds, or something along those lines, to incentivize a buyer further to make a move during a specific time frame, like by the end of the month or quarter,” says Mackey.

New Construction 76

New Construction Construction Finance Closing costs 76

Marco Santarelli

APRIL 20, 2024

Soaring home prices fueled by historically low mortgage rates created a frenzy of buyer activity. Rising interest rates have cooled buyer enthusiasm, leading to slower sales and questions about the future. Mortgage rates are likely to remain elevated compared to historic lows, impacting affordability for some buyers.

Marketing 105

Marketing Pre-approval Fixed-rate mortgage New Construction 105

Realty Biz

APRIL 19, 2024

The 30-year fixed-rate mortgage rate was at 6.6 A real estate market forecast can only be complete when discussing interest rates. At the beginning of March 2024, the 30-year fixed mortgage's annual percentage rate (APR) was 7.24 Simultaneously, the 15-year fixed mortgage's APR was 6.68

Marketing 90

Marketing Fixed-rate mortgage Construction Banks 90

Marco Santarelli

NOVEMBER 1, 2023

The Looming Threat of a Housing Market Crash Fears of a housing market crash are looming large, casting a shadow of uncertainty as mortgage interest rates hover near 8%. ” Impact on Demand and Supply The rise in mortgage rates could gradually ease once the Federal Reserve begins to ease its monetary policy.

Marketing 52

Marketing Fixed-rate mortgage Construction Banks 52

Realty Biz

DECEMBER 18, 2021

Specific to real estate, inflation is going to drive both higher mortgage rates and higher property values. Even if the pace of construction picks up, new construction (supply) will be more expensive due to inflation. In comparison, a person paying $360,000 for a home today will have a mortgage payment of $1,650.

Fixed-rate mortgage 81

Fixed-rate mortgage Investor Mortgages Construction 81

Redfin

JULY 14, 2023

Equity represents the difference between the market value of your property and the remaining balance on your mortgage. As you make regular mortgage payments, a portion goes towards reducing the principal amount owed, effectively increasing your equity. The post Renting vs Buying in Birmingham, AL: Which is Right for You?

Equity 48

Equity Fixed-rate mortgage Closing costs Inspection 48

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. It’s fair to say that 2022 has been a depressing year for homebuilders.

Construction 384

Construction New Construction Fixed-rate mortgage Finance 384

Realtor.com

JANUARY 26, 2022

But in today’s wild and scary housing market—where prices seem to have no ceiling, mortgage rates are once again climbing, and the number of homes going up for sale is paltry—the answer is a bit more complicated than usual. That can mean a monthly mortgage payment is less than a rent bill. mortgage rate): $1,796 .

Fixed-rate mortgage 105

Fixed-rate mortgage Mortgages As-is Construction 105

RIS Media

FEBRUARY 17, 2022

Buckle up for 4% interest rates, because they may be coming soon. Freddie Mac released its latest Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) reached an average of 3.92%, for the week ending February 17, 2022. Last year during the same period, the average was 2.81%.

Fixed-rate mortgage 98

Fixed-rate mortgage Mortgages New Construction Construction 98

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. for 30-year fixed-rate loans.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

RIS Media

FEBRUARY 17, 2022

Single-family housing completions in January saw a rate of 927,000, which is 7.3% Expert takeaway: “New construction continued near its recent pace in January, reflecting strong but moderating homebuilder sentiment, said realtor.com® Don’t fall into the trap of using an adjustable-rate mortgage as a crutch of affordability.

Residential 98

Residential Construction Fixed-rate mortgage New Construction 98

Realtor.com

MAY 3, 2021

The only way prices would drop by any significant amount would be if mortgage rates shot up substantially and a lot of homes flooded the market. Record-low rates have allowed buyers to purchase more expensive homes while keeping their monthly payments within their budgets. Mortgage interest rates are the wild card.

Marketing 144

Marketing Fixed-rate mortgage Mortgages Land 144

Realtor.com

MARCH 22, 2021

Getty Images As home buyers already know full well, the residential real estate market has been on a wild tear for the past few years—and the pandemic has pushed things to new, uncharted extremes. They were spurred on by record-low mortgage interest rates. Mortgage rates expected to remain low in 2021.

Marketing 145

Marketing Fixed-rate mortgage Construction Mortgages 145

Redfin

JULY 10, 2023

According to a new Redfin study, the average rent price in Austin is $2,951, while the estimated median monthly mortgage cost is $3,801. Stable monthly payments Buying a home with a fixed-rate mortgage means that your monthly mortgage payments stay the same over the duration of your mortgage.

New Construction 52

New Construction Equity Closing costs Purchase and sale agreement 52

Housing Wire

NOVEMBER 1, 2022

It’s impossible to pick out just one factor, but longstanding underinvestment in new housing, coupled with a confluence of certain federal and monetary policies, have all played a role in limiting options for first-time home buyers. Housing Shortages and Mortgage Rate Fluctuations. One recent estimate found that the U.S.

Fixed-rate mortgage 397

Fixed-rate mortgage Loans Banks New Construction 397

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. Moving forward, came the pandemic that brought new construction almost to a standstill. In effect, the G.I. The American suburb was born.

Fixed-rate mortgage 78

Fixed-rate mortgage Construction New Construction Commercial 78

Realty Biz

MAY 21, 2023

Miami-Dade’s out-of-state homebuyers with a mortgage earn nearly $100,000 in median household income. Mortgage Rates Up 3 Percentage Points Vs. Last Year; Impacting Sales Miami total home sales decreased 35.5% Rates leveled off before recently rising again. Rates leveled off before recently rising again.

Sales 92

Sales Short sale Fixed-rate mortgage MLS 92

Marco Santarelli

AUGUST 5, 2020

Low mortgage rates, population growth, and an increase in buyer interest are further driving the demand for available housing. Record low mortgage rates are providing opportunities for buyers to lock-in low monthly mortgage payments for future years. Their “Housing Market Recovery Index” reached 103.7

Marketing 145

Marketing Fixed-rate mortgage Sales Mortgages 145

Realty Biz

DECEMBER 26, 2022

“This influx of people and companies moving into our region, coupled with the ratio of cash buyers which is nearly double the national average should continue to shield Miami from the impact of high mortgage rates as the Fed continues its mandate to tamper inflationary pressure.”. Mortgage rates averaged 3.07% in November 2021.

Sales 92

Sales Short sale Mortgages Fixed-rate mortgage 92

Realty Biz

MARCH 21, 2023

MIAMI Chairman of the Board Ines Hegedus-Garcia Miami real estate, which posted its second-most total home sales in history in 2022 despite an unprecedented doubling of mortgage rates, continues to see a surge in domestic and international wealth migration. About 67.1% of Miami-Dade luxury buyers pay all cash. Florida ranked No.

Sales 101

Sales MLS Short sale Residential 101

Realty Biz

JUNE 24, 2022

The rapid rise in mortgage rates, from an average of 3% to 6% over the past six months, is tempering Miami real estate’s historic pace,” MIAMI Chairman of the Board Fernando Arencibia Jr. Although top sales marks are still being achieved, higher rates are starting to restore balance to the market.

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

Marco Santarelli

SEPTEMBER 5, 2020

As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it. We've been seeing real estate appreciation rates increasing year-over-year in the entire metro area. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 135

Marketing Purchase and sale agreement Investor Sales 135

Marco Santarelli

SEPTEMBER 7, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 126

Marketing Investor Sales As-is 126

Marco Santarelli

SEPTEMBER 8, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88% in the first week of August. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 105

Marketing Purchase and sale agreement Investor Closing 105

Marco Santarelli

AUGUST 27, 2020

For buyers, the inventory is relatively increasing and mortgage rates are lowest ever , so they should take advantage of scooping up their favorite deals which otherwise are taken away by seasoned investors in the bidding wars. The percent of delinquent mortgages in Las Vegas is 1.2%, which is higher than the national value of 1.1%.

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128

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. Mortgage applications to purchase a home are increasing with the easing of restrictions. Moreover, it's even harder to take out a mortgage for those who have student loan debt.

Marketing 139

Marketing Investor Sales As-is 139

Marco Santarelli

AUGUST 2, 2020

It seems they want to cash in on the opportunity to purchase their favorite properties amid a historically low-interest rate of 3.3 percent on a 30-year fixed-rate mortgage. While many have lost jobs, making them ineligible for a home mortgage, some sellers have taken their homes off the market. months to 5.4.

Marketing 142

Marketing Sales Pre-approval Investor 142