Housing Wire

APRIL 15, 2024

We saw a big jump in mortgage rates last week. The 30-year fixed rate mortgage, according to the HousingWire Mortgage Rates Center , is now over 7.2% — that’s 50 basis points above where we were at the start of the year. At that time, most of the voices in the media assumed that mortgage rates had peaked and would fall by now.

Inventory 373

Inventory Mortgage New Listings Sellers 373

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. at the end of April, according to HousingWire ’s Mortgage Rates Center. They crested near 7.6%

Marketing 361

Marketing Mortgage Investors Sellers 361

Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. Consumers care about home prices and mortgage rates; the industry cares about transaction volume. If we get lucky with mortgage rates, though, we might just be at the bottom of the housing market recession right now. While home prices in the U.S. Plus, 39.2%

Housing Market 475

Housing Market Marketing Inventory Contracts 475

Housing Wire

APRIL 30, 2024

Mortgage rates inched higher last week ahead of the Federal Reserve ’s Federal Open Markets Committee on Wednesday and the national jobs report on Friday. As of April 26, there were 556,000 single-family homes on the market, up 2.4% About 13,000 additional properties were added to the market during the previous week.

Mortgage 351

Mortgage New Listings Inventory Sellers 351

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. It was in December 2022 that the lender discovered Chikonde’s actions regarding Optimal Blue.

Mortgage 340

Mortgage Marketing Retail Construction 340

Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

Inventory 434

Inventory Housing Market Marketing Mortgage 434

Housing Wire

DECEMBER 4, 2023

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. housing market in 2024.

Housing Market 483

Housing Market Marketing Inventory New Listings 483

Housing Wire

FEBRUARY 8, 2023

During the week that mortgage rates very briefly touched down into the 5% range, mortgage applications increased 7.4%, according to the latest reading from the Mortgage Bankers Association. Still, mortgage demand is down 58% from a year prior. Mortgage rates fell to 5.99% on Thursday, Feb. last week, up from 31.2%.

Mortgage 355

Mortgage Contracts Inventory Marketing 355

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021.

Mortgage 326

Mortgage Marketing Investors Lending 326

Housing Wire

JANUARY 27, 2023

Pending home sales ended 2022 on a positive note. Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. The South (94.1)

Contracts 413

Contracts Realtors Mortgage Buyers 413

Housing Wire

JANUARY 8, 2024

2022 started insanely strong and weakened rapidly in the second quarter. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. Could the housing market change and slow again in 2024? The data does not show any slowing on any of the active market metrics. But, 2024 is starting stronger than last year.

Real Estate 487

Real Estate Marketing Inventory New Listings 487

Housing Wire

JULY 28, 2022

annually in the second quarter of 2022, after falling 1.6% housing market was a major driver of the economic decline. ” However, the Biden administration has argued that the American economy is not in a recession, based on a still strong labor market. real gross domestic product (GDP) decreased 0.9% to the decrease in GDP.

Contracts 286

Contracts Government Housing Market Investing 286

Housing Wire

APRIL 13, 2024

Mortgage rates headed higher last week after the CPI inflation report , but now, with news of a wider war in the Middle East, should we expect even higher rates? Some argue that money will go into the safety of the bond market, while others say a wider war can lead to higher inflation and higher rates.

Inventory 422

Inventory Mortgage New Listings Retail 422

Housing Wire

MARCH 25, 2024

Mortgage rates seem to have finally settled down. The Fed met last week and we escaped dramatic changes in the markets. I was worried that we might come out of that meeting with a spike in mortgage rates but that didn’t materialize so we got lucky. There are now 513,000 single family homes unsold on the market.

New Listings 479

New Listings Inventory Contracts Sellers 479

Housing Wire

MAY 13, 2024

hits peak homebuying season, the signals across the country are mixed at best as some markets are accelerating while others are slowing quickly. Home sales continue to run just a little ahead of last year’s pace, but with mortgage rates in the 7s, there are a ton of potential homebuyers sitting on the sidelines. As the U.S.

New Listings 402

New Listings Contracts Inventory Sellers 402

Housing Wire

DECEMBER 22, 2021

Mortgage applications fell 0.6% 17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board. The overall market composite index dipped 31.9%

Mortgage 358

Mortgage Marketing Contracts Inventory 358

Housing Wire

MAY 19, 2022

Fannie Mae’s Economic and Strategic Research (ESR) Group dropped its projected 2022 real GDP to 1.3%, 0.8 It sees the second quarter of growth rebounding to 1.6%, despite the economy contracting 1.4% Purchase and refinance originations also are expected to decline, spurred by the uptick in mortgage rates. from March and 8.6%

Contracts 397

Contracts Mortgage Construction Development 397

Housing Wire

APRIL 22, 2024

After a couple weeks of big jumps for mortgage rates , we’re still seeing relatively surprising strength in the housing market. We’re watching a few key factors to see if homebuyers are backing off in the face of increased mortgage rates. housing market for the week of April 22.

Inventory 474

Inventory New Listings Sellers Contracts 474

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. According to the MBA , mortgage applications decreased 9% across the board for the week ending January 27 compared to the week prior. Meanwhile, applications for refinancings fell by 7%.

Mortgage 308

Mortgage Marketing Loan Officers Contracts 308

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 374

Housing Market Marketing Contracts Finance 374

Housing Wire

JANUARY 4, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. The economy looks to be ending 2022 on a positive note, unfortunately, it doesn’t alter our view that we’ll likely enter a mild recession in the new year. Some of the late incoming 2022 data show significant slowing.

Housing Market 497

Housing Market Marketing Mortgage Contracts 497

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). 21, according to Mortgage News Daily.

Marketing 356

Marketing Contracts Finance Home Value 356

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. rebranded as Rithm Capital ). I think in 2023, we’re going to see rates higher for longer,” Toohig concludes.

Housing Market 352

Housing Market Marketing Contracts Lending 352

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. That can change if mortgage rates fall dramatically, but the current trends show weakening home prices, not strengthening. housing market as we roll into May 2024.

Inventory 392

Inventory Contracts Sellers New Listings 392

Housing Wire

FEBRUARY 24, 2024

Mortgage rates have risen recently but they could be much worse than they are today. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024. The most important data line for me, along with mortgage rates , is jobless claims data because I value labor data over inflation. That hasn’t happened.

Mortgage 445

Mortgage Inventory New Listings Housing Market 445

Housing Wire

NOVEMBER 16, 2022

Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a measure of mortgage loan application volume, increased 2.7%

Mortgage 542

Mortgage Retail Contracts Marketing 542

Housing Wire

OCTOBER 31, 2023

We may be nearing the bottom in home sales even if mortgage rates don’t decline. As a result, there may be a light at the end of the tunnel in this crazy market cycle. To get the weekly picture of the housing market, watch the video above. Inventory creeps up There are now 562,000 single-family homes on the housing market.

New Listings 466

New Listings Inventory Contracts Housing Market 466

Housing Wire

MARCH 19, 2024

Florida-based brokerage Atlantic Trust Mortgage has asked a Michigan federal court to dismiss a lawsuit filed by United Wholesale Mortgage (UWM) that alleges a violation of an amended agreement. Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. district court in Michigan. district court in Michigan.

Mortgage 306

Mortgage Law Brokerage Legal 306

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. But now sellers are coming back into the market. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. At the same time, seller volume dried up.

Inventory 457

Inventory New Listings Contracts Sellers 457

Housing Wire

JANUARY 29, 2024

The headline was an impressive 8% jump over December of 2022. They obviously picked up in December when mortgage rates did a recent dip. We shared that sales growth data back in December as it was happening in the housing market. Homes in contract rises There are more homes in contract now than last year at this time.

Contracts 390

Contracts Inventory Housing Market Mortgage 390

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. So when I talk to loan originators today, I harken back to my early days when fixed mortgage rates were over 14% and there were absolutely no refinances to be had. The housing market won’t be like this forever.

Housing Market 513

Housing Market Marketing Supply Chain Mortgage 513

Housing Wire

OCTOBER 6, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the ongoing economic uncertainty. For jumbo loans, it went from 6.01% to 6.14% in the same period. All about the spread.

Mortgage 352

Mortgage Marketing Loan Officers Retail 352

Housing Wire

JULY 17, 2023

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. The froth is out of the market.

Real Estate 283

Real Estate Marketing Inventory Contracts 283

Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed.

Buyers 467

Buyers Mortgage Real Estate Agent Contracts 467

Housing Wire

JANUARY 5, 2022

Mortgage applications decreased 2.7% from two weeks earlier, according to the Mortgage Bankers Association survey for the week ending Dec. Mortgage applications increased 2% the week prior, largely due to an increase in Federal Housing Administration refinances. The refinance share of mortgage activity increased to 65.4%

Mortgage 383

Mortgage Contracts Marketing 383

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. The average interest rate on a 30-year-fixed mortgage was 7.07% in August. That rate is up from 14.3% The median U.S.

Buyers 390

Buyers Mortgage New Listings Real Estate Agent 390

Housing Wire

NOVEMBER 27, 2023

Watch the video above to get the latest housing market update from Altos Research. Inventory hit 566,000 homes on the market, meaning there are 0.5% There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. A few more sellers appear to be braving the market each week.

New Listings 479

New Listings Contracts Inventory Housing Market 479