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Nations Lending, Carpenter Realtors launch Commitment Mortgage

Housing Wire

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We trillion, according to the Mortgage Bankers Association.

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Average U.S. 30-year mortgage rate rises from all-time low

Housing Wire

Average mortgage rates for a 30-year fixed mortgage increased slightly to 2.87% this week, the second-lowest on record, rising one basis point from last week’s all-time low of 2.86% , while the less-popular 15-year rate fell to a new low of 2.35%, Freddie Mac said on Thursday. rate for a 30-year fixed mortgage will be 3.1%

Mortgage 512
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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. Since the start of 2022, rates have gone up 200 basis points and housing prices have surged 5.9%. How lenders can continue to serve borrowers despite housing affordability challenges.

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

Housing Wire

The housing market is very subsidized for demand to grow and whenever the economy gets weaker, rates fall and that impacts the housing market in a disproportionate way. 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 544
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Lenders target growing Hispanic homeownership market

Housing Wire

Guaranteed Rate and CrossCountry Mortgage have their eyes fixed on serving more Hispanic borrowers, who are expected to make up 70% of homeownership growth in the U.S. A Spanish website and mortgage applications tool to help Hispanics overcome language barriers went live this week by CrossCountry Mortgage. billion in loans.

Marketing 363
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Local Markets: Louisville, Reno and San Diego

Housing Wire

Affordable housing prices combined with a vibrant history and a thriving culinary scene have certainly made Derby City a popular destination for homebuyers. However, even Louisville’s active housing market has slowed down recently. “I Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It

Marketing 368
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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). Suppose mortgage rates had broken below 5.75%.

Inventory 466