Housing Wire
DECEMBER 26, 2023
Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. Mortgage rates will moderate down to about 6% to 6.25%.” ” Kornfeld expects mortgage originations to range from $1.8
Housing Wire
JULY 6, 2022
As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. When people say credit will get so tight that we are headed back to 2008 levels of lending, they’re telling me they’ve never read the MBA’s mortgage credit availability index, not even one time.
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Housing Wire
MAY 24, 2022
By 2004, they heard they could refinance, possibly get some cash out. Over 25 years, this one person has been a mortgage customer of six different mortgage companies, each saving him over $100 per month. There are fewer mortgage people doing all the work. Mortgages will be easier to do and complete. The survivors.
Housing Wire
DECEMBER 7, 2021
“That works out to nearly $178,000 available in tappable equity to the average homeowner with a mortgage before hitting a maximum combined loan-to-value ratio of 80%.”. Overall, mortgage holders withdrew more than $70 billion in equity in the third quarter, equivalent to just 0.8% will result in the tightest affordability since 2009.
Housing Wire
MAY 9, 2022
billion in 2020, an increase that ALTA attributed to historic mortgage origination activity and the substantial increase in home values. Incredibly low mortgage rates (led) to an unprecedented increase in real estate transactions and substantially higher home values,” Diane Tomb, the CEO of ALTA said in a statement.
Housing Wire
MAY 2, 2022
As a result, markets were quick to respond, driving mortgage spreads and rates much higher than most experts expected by this time of year. At over 5%, mortgage rates are now the highest they have been since 2010. Mortgage rates should hover around 5%, but there may be more oscillation than we have seen recently.
Lamacchia Realty
JANUARY 25, 2024
It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. With rates trying to reach equilibrium after their nosedive in 2020, everyone has had to accept that pandemic-era rates are a thing of the past and therefore higher monthly mortgage payments are here to stay. Sales Decline by 21.7%
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