Housing Wire

MAY 4, 2024

My model for inventory growth with higher mortgage rates came crashing down last week. After two weeks of significant increases , inventory growth slowed dramatically and is far from my 11,000-17,000 growth model with mortgage rates over 7.25%. When mortgage rates increase, demand falls and the price-cut percentage grows.

Mortgages 443

Mortgages Sales As-is Marketing 443

Housing Wire

MARCH 9, 2024

We survived jobs week and Federal Reserve Chairman Jerome Powell talking to Congress, with mortgage rates ending the week below 7%. But will mortgage rates keep heading lower? Mortgage rates and the 10-year yield The 10-year yield is the key for all my housing work, so I focus on it religiously.

Mortgages 470

Mortgages As-is Sales Closing 470

Housing Wire

MAY 15, 2024

This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. million in January 2021 (when mortgage rates were 2.7%) fell to 3.9

Mortgages 402

Mortgages Fixed-rate mortgage Sales Title 402

Housing Wire

MARCH 2, 2024

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. With mortgage rates higher, will this stop inventory from growing year over year?

Mortgages 532

Mortgages Sales As-is Closing 532

Housing Wire

MAY 30, 2024

In March 2024, the national delinquency rate for residential mortgages stood at 2.8% The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. Early-stage delinquencies (mortgages 30 to 59 days past due) accounted for 1.5% in March 2023.

Mortgages 404

Mortgages Staging Principal Loans 404

Housing Wire

FEBRUARY 29, 2024

Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 456

Mortgages Fixed-rate mortgage New Construction Construction 456

Housing Wire

DECEMBER 7, 2023

Mortgage rates continued their downward trajectory this week as the 10-year Treasury yield dropped below 4.2% The 30-year, fixed mortgage rate averaged 7.03% for the week ending Dec. 7, according to Freddie Mac ‘s Primary Mortgage Market Survey. by the end of 2024.

Mortgages 523

Mortgages Fixed-rate mortgage Investor Loans 523

Housing Wire

FEBRUARY 17, 2024

Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire , let’s look at where we are with mortgage rates and their impact on weekly housing data.

Mortgages 527

Mortgages Sales As-is Marketing 527

Housing Wire

MARCH 5, 2024

Ahead of Friday’s national jobs report, mortgage rates have found stability after increasing for multiple weeks. Polly ’s average 30-year fixed rate for conventional loans was 7.17% on Tuesday, down from 7.24% one week earlier, according to HousingWire’s Mortgage Rates Center. one week earlier. one week earlier.

Mortgages 444

Mortgages Loans Investor As-is 444

Housing Wire

DECEMBER 21, 2023

Mortgage rates stayed below 7% for the second week in a row, a welcome relief after a 17-week streak of above-7% rates. The 30-year, fixed mortgage rate averaged 6.67% for the week ending Dec. 21, according to Freddie Mac ‘s Primary Mortgage Market Survey. by mid-year and to decline further to 6.2%

Mortgages 493

Mortgages Fixed-rate mortgage MLS New Construction 493

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. They crested near 7.6%

Mortgages 398

Mortgages Marketing Loans Equity 398

Housing Wire

SEPTEMBER 30, 2023

Why are mortgage rates rising? The jobless claims data is my key 2023 economic data line for the bond market and mortgage rates because I don’t believe the Fed will pivot until the four-week moving average of jobless claims gets above 323,000. Mortgage rates went from 7.39% to a high of 7.65% and ended the week at 7.44%.

Mortgages 500

Mortgages Land Staging Marketing 500

Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. And they hope that rates will soon fall. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024.

Mortgages 415

Mortgages Days on market As-is Sales 415

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. I will watch for rising mortgage rates to see if they change the weekly data. I will watch for rising mortgage rates to see if they change the weekly data.

Mortgages 540

Mortgages Sales As-is Marketing 540

Housing Wire

FEBRUARY 4, 2024

How will mortgage rates impact seasonal inventory in 2024? Also, when mortgage rates rise, the inventory peak happens later in the year. However, when mortgage rates rise and demand gets hit, the price cut percentage data grows year over year. Is the seasonal bottom going to happen later than I want?

Mortgages 510

Mortgages Staging As-is Marketing 510

Housing Wire

JUNE 6, 2024

Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink , which is the current holder of the U.S. The assessment scale ranges from SQ1 (strong) to SQ5 (weak). It also added Altisource to help manage its HECM portfolio.

Mortgages 352

Mortgages Investor Equity Finance 352

Housing Wire

NOVEMBER 2, 2023

Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year high. The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, according to Freddie Mac ‘s Primary Mortgage Market Survey.

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Fixed-rate mortgage Mortgages MLS Investor 462

Housing Wire

MAY 10, 2024

In March , we explored the difference between Home Equity Conversion Mortgage (HECM) “expected rates” and “note rates” and why most reverse mortgages depend on these two interest rates. In April , we specifically focused on expected rates. But could there be a silver lining to higher rates?

Mortgages 378

Mortgages Principal Loans Equity 378

Housing Wire

APRIL 26, 2024

In February 2024, the national delinquency rate for residential mortgages stood at 2.8%, marking an 0.2 The rate remained unchanged from January 2024, according to the latest CoreLogic Loan Performance Insights report. Early-stage delinquencies (mortgages 30 to 59 days past due), accounted for 1.5% percentage points.

Mortgages 438

Mortgages Staging Principal Loans 438

Housing Wire

OCTOBER 3, 2023

Mortgage rates and bond yields kept rising Tuesday as the job openings unexpectedly increased more than anticipated. And will job openings continue higher, pushing mortgage rates even higher in the future? As I write this article today, the 10-year yield is 4.79%, with mortgage rates at 7.72%.

Mortgages 483

Mortgages Banks As-is Marketing 483

Housing Wire

FEBRUARY 22, 2024

Mortgage rates continued their ascension toward 7% this week, raising doubts about the approaching spring homebuying season. The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, an increase from last week ’s figure of 6.77%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 421

Mortgages Fixed-rate mortgage Loans Marketing 421

Housing Wire

FEBRUARY 21, 2024

Mortgage demand continued its downward trajectory last week as interest rates moved back above 7%. Mortgage applications decreased by 10.6% 16, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. The 30-year fixed-rate mortgage averaged 6.77% as of Feb.

Mortgages 424

Mortgages Fixed-rate mortgage Loans Residential 424

Housing Wire

DECEMBER 14, 2023

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. on Thursday.

Mortgages 477

Mortgages Fixed-rate mortgage Loan Officer MLS 477

Housing Wire

OCTOBER 5, 2023

Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. 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 7.49% as of Oct.

Fixed-rate mortgage 442

Fixed-rate mortgage Mortgages MLS Loans 442

Housing Wire

NOVEMBER 30, 2023

Mortgage rates headed lower this week as the 10-year Treasury yield dropped below 4.3% The 30-year, fixed mortgage rate averaged 7.22% for the week ending Nov. 30, according to Freddie Mac ‘s Primary Mortgage Market Survey. Bright MLS ’ 2024 forecast indicates that mortgage rates will fall to 6.5%

Mortgages 506

Mortgages MLS Investor Development 506

Housing Wire

DECEMBER 20, 2023

Mortgage demand fell for the first time since November as mortgage rates reached their lowest level since June 2023. 15 compared to the previous week, according to data from the Mortgage Bankers Association (MBA). Total home loan applications decreased by 1.5% for the week ending Dec.

Mortgages 385

Mortgages VA loan FHA loan Loans 385

Housing Wire

NOVEMBER 4, 2023

After mortgage rates spiked to 8% in October, causing a riot in the real estate industry, we had an epic move lower in mortgage rates last week. Does this mean we’ve hit the peak in mortgage rates for this economic cycle? Last year, the seasonal peak for housing inventory was Oct.

Mortgages 481

Mortgages Staging As-is Marketing 481

Housing Wire

FEBRUARY 5, 2024

The 30-year fixed mortgage rate surpassed the 7% mark on Monday on the heels of strong economic data and the Federal Reserve signaling that it will move carefully with any future cuts to interest rates. It’s the first time since December that the average 30-year fixed rate has eclipsed 7%. EST, up from 4.03% on Friday.

Mortgages 462

Mortgages Investor Banks As-is 462

Housing Wire

FEBRUARY 15, 2024

Mortgage rates climbed 13 basis points this week on the back of Tuesday’s strong inflation reading. The 30-year fixed-rate mortgage averaged 6.77% as of Feb. 15, an increase from last week ’s figure of 6.64%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 416

Mortgages Fixed-rate mortgage MLS Loans 416

Housing Wire

NOVEMBER 25, 2023

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. It’s essential to think about rates in this light.

Mortgages 533

Mortgages As-is Sales Marketing 533

Housing Wire

MARCH 8, 2024

Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. The Federal Reserve ’s fear of wage growth spiraling out of control hasn’t materialized for over two years now and the unemployment rate ticked up to 3.9%. Today, we are at 157,808,000. percent, the U.S.

Marketing 491

Marketing Mortgages As-is Finance 491

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Is the housing market normalizing?

Mortgages 441

Mortgages Fixed-rate mortgage MLS Staging 441

Housing Wire

DECEMBER 2, 2023

Mortgage rates almost fell below 7%, the 10-year yield is below 4.25% again, and people are seriously talking about Fed rate cuts in 2024. Mortgage rates have fallen by almost 1% in a short time, and it has created four straight weeks of positive purchase application data. What a week!

Mortgages 542

Mortgages As-is Marketing Closing 542

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. At the end of 2023, they anticipated six rate cuts for the year.

As-is 445

As-is Industrial Mortgages Loans 445

Housing Wire

APRIL 18, 2024

The recent hotter-than-expected inflation reading sent mortgage rates upward. On Thursday, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.31%, up from 7.19% a week earlier. There’s no guarantee that rates will come down soon.” million units, up 4.7%

Mortgages 334

Mortgages Loans Agents Marketing 334

Housing Wire

NOVEMBER 18, 2023

Did the recent move lower in mortgage rates turn the housing market positive? With mortgage rates moving almost 75 basis points lower from the highs, does the data show that demand has improved? I talked about how much lower mortgage rates can go from here in this recent podcast.

Mortgages 471

Mortgages Sales Branding As-is 471

Housing Wire

OCTOBER 28, 2023

31, 2022, that mortgage rates would hit 8% in 2023, you would reasonably assume housing inventory would sky rocket higher, home prices would fall noticeably, and the number of price cuts would be higher year over year. When rates rise and demand gets weaker, the percentage of homes with price cuts can grow.

Mortgages 501

Mortgages Sales Closing As-is 501