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Freddie Mac unveils 4th CRT offering of the year

Housing Wire

billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 billion, according to a presale report by Kroll Bond Rating Agency (KBRA). billion secured by single-family mortgage reference loan pools valued in total at $156.9 a week earlier.

Principal 370
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6% mortgage rates are back (for select borrowers)

Housing Wire

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. We locked in rates probably 25% more during that same period,” said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “We We are definitely seeing an uptick in demand.

Mortgages 468
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How the Fed’s rate hike will affect the housing market

Housing Wire

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 430
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Opinion: why HELOC demand will surge

Housing Wire

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 403
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Opinion: Why HELOC demand will surge

Housing Wire

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 388
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Redwood Trust, Angel Oak Mortgage awash in red ink in Q2

Housing Wire

a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter. Likewise, Atlanta-based A ngel Oak Mortgage Inc. ,

Mortgages 388
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Should I Move or Refinance?

Keeping Current Matters

million residential properties in the United States were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value. If they put the $130,000 down, they could take out a mortgage of $320,000 with a 3% interest rate. Bottom Line.

Equity 321