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Mortgage rates surge to highest level since 2000

Housing Wire

The 30-year fixed-rate mortgage has hit the highest level since the year 2000,” Sam Khater, Freddie Mac’s chief economist said. 28, up 12 basis point from last week ’s 7.19%. By contrast, the 30-year fixed-rate mortgage was at 6.70% a year ago at this time.

Mortgage 425
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No, Wall Street investors haven’t bought 44% of homes this year

Housing Wire

The overall market share of investors has grown since 2000 and is currently around 30%, as seen in the chart below, but the vast majority are small mom and pop investors. since 2000. In fact, institutional homebuyers (those who bought 100+ homes in a 12-month period) didn’t even reach 2.5% of market share in Q2.

Investors 517
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Buyers’ FOMO on Lower Rates May Cause Increase in Home Purchases Before Spring

Appraisal Buzz

First American Financ i al Corp. less expensive than in January 2000. “In has released the November 2021 First American Real House Price Index (RHPI). Real house prices increased 1.5% between October 2021 and November 2021, and increased 21% between November 2020 and November 2021. Real house prices are 5.6%

Buyers 284
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Longtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA

Housing Wire

He also works as vice president of field retail and director of government relations at Finance of America Reverse (FAR). Norman also originated the state’s first reverse mortgage soon afterward in late 2000. Finance of America President Kristen Sieffert described Norman as a key figure for both the company and the wider industry.

Mortgage 340
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HUD Secretary Marcia Fudge announces resignation

Housing Wire

Federal Housing Finance Agency (FHFA) Director Sandra Thompson also lauded Fudge’s tenure as HUD secretary. . “Thanks to Secretary Fudge, we’ve helped first-time homebuyers, and we are working to cut the cost of renting. And there are more housing units under construction right now than at any time in the last 50 years.

Law 458
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How one lender is innovating to make affordable housing more accessible

Housing Wire

Since 2000, the average home appreciation rate has been 4.7%, according to the FHFA. If consumers, Realtors and builders know affordable financing exists for potential buyers, more Americans will have the opportunity to get into a new home. Since 2012, the average rate has been 7.7%. million in 20 years.* 1 non-QM lender?

Lending 323
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Mortgage rates continue falling before Thanksgiving: Freddie Mac

Housing Wire

Except for the last seven weeks, current mortgage rates hit their highest levels since 2000. New construction starts and permits showed surprising strength in October while existing-home sales slumped to their worst reading since 2010.

Mortgage 435