Housing Wire

DECEMBER 2, 2021

It’s official – housing inventory in America is at a crisis level. During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019. This marks a 14% year-over-year increase and a 31% increase from 2019.

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Housing Wire

APRIL 6, 2022

Interest in residential mortgage loans fell 6.25% for the week ending April 1 as rates jumped yet again , ever nearer to 5%, according to the Mortgage Bankers Association ‘s latest survey. Additionally, home price appreciation and insufficient for-sale inventory are holding back purchase activity. .

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Housing Wire

JANUARY 30, 2023

Housing inventory decreased by 6,468 units, a more pronounced decline from the previous week. The 10-year yield can’t break lower from the critical level I have discussed, so not much is happening with mortgage rates. Does this move have more legs to run, and will we need lower mortgage rates to get more growth in this data line?

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Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? During the last four weeks and especially this past week, we are seeing inventory decline faster than expected. Weekly housing inventory. Weekly inventory change: (Dec.

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Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. I discussed my theory on why inventory bottoms out later in the year on this HousingWire Daily podcast.

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Housing Wire

JANUARY 16, 2023

Housing inventory increased by 1,339 homes nationwide. Mortgage rates fell along with bond yields, showing that mortgage rates peaked on Oct. The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. Weekly housing inventory.

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Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. As mortgage rates rose more and more, the October to January data was going to show big negative prints.

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Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

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Housing Wire

JULY 29, 2022

That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. The home-inventory bump dovetails with other data indicating the nation’s housing market lost some steam this past month, according to a June housing-market report from Seattle-based Redfin.

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Housing Wire

DECEMBER 21, 2023

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. In November, 70,000 additional borrowers were 30 days or more late on their mortgage payments, amounting to 1,804,000 loans. Foreclosure starts decreased by 12.2%

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Housing Wire

SEPTEMBER 24, 2023

Mortgage rates shot up last week after a hawkish Federal Reserve meeting, even though they didn’t raise rates. Mortgage rates did find some relief on Friday as bond yields headed lower. On housing inventory , new listings data saw a small decline last week, but active listings grew at a healthy clip. The yearly high is 7.49%.

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Mortgage Inventory New Listings Housing Market 437

Housing Wire

AUGUST 18, 2021

The previous economic expansion from 2008 to 2019 had the weakest housing recovery ever following the bust. During this period, household formation will create the mortgage demand needed to push applications to that level, and purchase applications did get to this level right before COVID-19 hit in February of 2020. Already a member?

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Housing Wire

DECEMBER 8, 2021

2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag. Not even 5% mortgage rates in 2018 budged this data line too much.

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Housing Wire

APRIL 24, 2024

Despite the population growth, Dallas has still had to contend with the realities of high mortgage rates and tight housing inventory — factors that have mortgage lenders , brokerages and other real estate professionals fighting for their share of shrinking pies. 1 brokerage by listing count from 2019 through 2023.

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Housing Wire

APRIL 14, 2021

Mortgage applications declined for the week ending April 9, according to the latest report from the Mortgage Bankers Association. It’s the sixth consecutive week of falling mortgage applications. of total mortgage applications from 60.3% The FHA share of total mortgage applications increased to 10.8%

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Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S.

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Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year.” In fact, by the end of January, for-sale housing inventory was at 1.01 from one year ago.

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Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

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Housing Wire

MARCH 17, 2022

As the Federal Reserve raised short-term rates for the first time in years, mortgage rates climbed 31 basis points to 4.16%, according to data from Freddie Mac ‘s PMMS survey. The 30-year fixed-rate mortgage exceeded four percent for the first time since May of 2019,” said Sam Khater, Freddie Mac’s chief economist.

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Housing Wire

JUNE 12, 2023

The housing market, which is facing challenges with mortgage rates , affordability, prices and inventory, hasn’t been this purchase-dominant in decades, according to Black Knight ’s originations market monitor report. Today, nearly nine out of every 10 mortgages originated is a purchase loan, the report notes.

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Mortgage Housing Market Inventory Lending 408

Housing Wire

MARCH 27, 2024

Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market. But high mortgage rates and high home prices proved too much for the listings boom in Jacksonville. Competition heats up In 2019, Watson Realty Corp.

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Housing Wire

MARCH 15, 2022

HousingWire: Let’s start with a bang Logan, will the inventory crisis end this year? The goal for inventory is to get back to 1.52-1.93 Inventory is about to increase as it always does during this year. Thus nullifying any mortgage yield declines? Back to the inventory crisis. However, we are far from that.

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Inventory Housing Market Retail Marketing 390

Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates.

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Housing Wire

DECEMBER 12, 2023

In the mortgage business, November typically represents the start of the slow season. While mortgage rates cooled down significantly from October, it wasn’t enough to overcome seasonal, historic trends and low levels of inventory.

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Mortgage Inventory Sellers Marketing 420

Housing Wire

NOVEMBER 3, 2021

For the first time since the beginning of the pandemic, purchase mortgages outpaced refinancings in the third quarter of 2021, according to the latest TransUnion report published on Wednesday. The total mortgage balances grew 8% year-over-year to $10.5 million in the third quarter of 2019 to 3.3 trillion in the third quarter.

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Mortgage Loan Officers Inventory Housing Market 395

Housing Wire

NOVEMBER 22, 2023

Builders have used these incentives in recent months to avoid an inventory glut. The sales boom that followed the onset of the pandemic caused the months’ supply of new homes to fall roughly 40% from September 2019 levels, inviting builders to bring more units to market. 2019 level.

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Housing Wire

FEBRUARY 4, 2021

The average mortgage rate for a 30-year fixed loan remained unchanged last week from the week prior at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. With mortgage rates hovering below 3% for over six months now, Sam Khater, Freddie Mac’s chief economist, said this may be a sign of an economy still struggling.

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Housing Wire

APRIL 25, 2024

Independent mortgage banks ( IMBs ) and mortgage subsidiaries of chartered banks lost an average of $1,056 on each loan they originated in 2023, down from an average loss of $301 per loan in 2022, according to data released Thursday by the Mortgage Bankers Association (MBA). On average, production volume was $1.9

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Valuation Mortgage Inventory Marketing 352

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

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Housing Wire

DECEMBER 4, 2022

Home price corrections exposed a growing pocket of equity risk concentrated among purchase mortgages originated in 2022, Black Knight said in its latest mortgage monitor report. Of all homes purchased with a mortgage in 2022, 8% are now at least marginally underwater. More recent homebuyers don’t fare as well. “A

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Housing Wire

FEBRUARY 27, 2023

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. Weekly inventory change (Feb. Weekly inventory change (Feb.

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Housing Wire

FEBRUARY 23, 2022

Mortgage applications decreased 13.1% 18 to the lowest level since December 2019, as mortgage rates eclipsed the 4% mark. The Mortgage Bankers Association ‘s seasonally adjusted refi index fell 15.6% retail residential mortgage applications. for the week ending Feb. of total applications last week, from 52.8%

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Mortgage Retail Contracts Inventory 395

Housing Wire

JUNE 8, 2022

Mortgage application volume for the week ending June 3 dropped 6.5%, sliding to the lowest level in 22 years, driven by weakness in purchase and refinance applications. Purchase mortgage rates, after hitting a 13-year high of 5.27% in May, fell for three consecutive weeks, according to the Freddie Mac PMMS. of total applications.

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Housing Wire

JANUARY 23, 2023

Housing inventory decreased by 566 units, which is not a significant decline. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important. Weekly housing inventory fell, but not by much. That’s a big jump, but context is critical. Since Nov.

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Housing Wire

JUNE 9, 2023

The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. In 2022 it was all about finding a point in time when I thought mortgage rates would fall, which was key to understanding how the purchase application data would react to lower mortgage rates. Even the IMF was begging the U.S.

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Housing Wire

DECEMBER 12, 2022

Mortgage rates were on a declining trend in November despite the Federal Reserve ‘s efforts to tame inflation — but lower rates haven’t been enough to convince home buyers to lock in their mortgages rates in this volatile market. Rate lock dollar volume was down 21.5% Rate lock dollar volume was down 21.5%

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Housing Wire

FEBRUARY 7, 2024

The resilient job market continues to buoy mortgage demand, although the inventory of homes for sale remains slim. Last winter’s mortgage rate surge impacted seasonal home price changes in many markets and suggests that annual gains may have reached the cycle peak and will level off in the coming months.”

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