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It hasn’t been this hard to get a mortgage in six years

Housing Wire

Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% The data comes from about 95 lenders and investors, MBA said. 20 forecast.

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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.”

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

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Economic Turbulence Prompts Seattle Area Market Concern vs. Year Ago

Will Springer Realtor

However, many potential buyers appeared to be in a wait-and-see mode amid a backdrop of rising mortgage rates that usually spell affordability challenges. This time last year, buyers were aggressively scooping up available homes before the predicted increase in mortgage interest rates. each month between 2003 and 2022.)

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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%.

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Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Houston Properties

Year Built: 2003. As home prices increase over time, it lowers the loan value of any mortgage debt. Specially if you’re buying in areas with historically good land value appreciation as the equity on the house rises, but your fixed-rate mortgage payments remain the same. We see no reason for it to change in 2022.

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The real danger of releasing the GSEs from conservatorship

Housing Wire

Time is a funny thing in the mortgage business, moving in cycles like the economy. Positive or negative is immaterial as investors, analysts, and policy makers were shocked by the massive restatements. Warren Buffett, one of the biggest investors, divested all GSE holdings between 2003 and 2005. GSEs go all in.