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[PULSE] 5 reasons mortgage rates will fall in 2021, according to Dave Stevens

Housing Wire

Let me be contrarian: Get ready, because mortgage rates are going to rise in 2021. The Mortgage Bankers Association in its most recent forecast sees two things that stand out. First, 2020 will prove itself to be the second biggest mortgage year in history. Now before you respond, just read the rest as to why. You must be wrong.”

Mortgage 539
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The last time houses were this unaffordable was 2006

Housing Wire

in February, which was the first month to see price growth greater than 20%, according to Black Knight ’s monthly mortgage monitor report. Adjustable-rate mortgages, which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for borrowers in a challenging housing market.

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How a transparent marketplace provides a proven path to benefit homeowners

Housing Wire

That makes those homeowners susceptible to predatory behavior by some buyers operating in the pre-foreclosure marketplace, behavior that has been chronicled in several prominent, recent news stories. In nearly every case, the mortgage was never paid, leaving the homeowner with no property but a pile of debt.”

Buyers 373
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The risk of zero-down loans while the Fed talks recession

Housing Wire

When mortgage rates fall, the majority of homebuyers (including homeowners who need to sell to buy another home) are mostly employed, so lower rates greatly benefit them, and housing demand increases. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

Inventory 542
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Market Correction or Seller Panic?

Appraisal Buzz

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Fast-forward to today, and that same loan translates into a monthly payment of $1,468 – a 46% increase in monthly mortgage expense! Since 1976, mortgage interest rates and home price appreciation have had a positive, but weak relationship.

Sellers 435
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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

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Originators gear up for the purchase market

Housing Wire

At the onset of the Coronavirus pandemic, the mortgage industry was preparing for absolute disaster. Mortgage executives held emergency meetings with their creditors over worst-case scenarios. Fratantoni’s organization is forecasting mortgage rates to gradually climb over the course of 2022, ending the year at 4%.

Marketing 414