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.

Mortgage 441

Mortgage Sellers New Listings Buyers 441

Housing Wire

FEBRUARY 21, 2024

Mortgage startup Tomo has thrust itself into the “portal wars” arena with the launch of Tomo Real Estate , its new home search site, the company announced this week. The new portal seamlessly integrates with Tomo Mortgage ’s existing purchase mortgage business.

Tools 429

Tools Real Estate Mortgage Buyers 429

Housing Wire

JUNE 25, 2021

Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data. That number then steadily dropped, bottoming out at 825 in the second quarter of 2020 after COVID-19 was officially declared a pandemic.

Renovations 440

Renovations Marketing Buyers Inventory 440

Housing Wire

DECEMBER 14, 2020

For perspective, I am starting with the condition of the 2020 housing market before the first infections. Before COVID-19, in the first two months of the year, the 2020 housing market appeared on a powerful upswing. But the 2020 U.S. These strong demographics mean we have a healthy number of replacement buyers in America.

Housing Market 545

Housing Market Government Marketing Mortgage 545

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. According to the Mortgage Bankers Association (MBA), mortgage applications rose 1.2% According to the Mortgage Bankers Association (MBA), mortgage applications rose 1.2%

Sellers 527

Sellers Mortgage Loan Officers Buyers 527

Housing Wire

APRIL 16, 2024

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The reverse mortgage industry, he added, is adding its own brand of perseverance to the table.

Retail 404

Retail Mortgage Business Loan Officers 404

Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

Mortgage 441

Mortgage Loan Officers Finance Buyers 441

Housing Wire

NOVEMBER 9, 2020

Though prospective buyers revealed slight wariness in September, Fannie Mae reported buyer morale gained 6% in October, with 60% of respondents saying it is a good time to buy a home while those who believe it is a bad time fell to 35%. Low mortgage rates fuel the demand for valuation and settlement services.

Housing Market 543

Housing Market Sellers Buyers Marketing 543

Housing Wire

JULY 31, 2023

Homeowners with a mortgage rate above 5% are nearly twice as likely to say that they plan to sell their home than those paying a rate below 5%, according to Zillow’s quarterly survey report. In fact, the share is even greater among mortgage holders who have a mortgage rate above 5%. However, demand remains strong.

Housing Market 370

Housing Market Mortgage Marketing Buyers 370

Housing Wire

NOVEMBER 15, 2023

Homebuyers are forking over larger down payments to offset higher borrowing costs thanks to mortgage rates hitting multi-decade highs. between Q3 2020 and Q3 2023, making the increase in down payment size even more significant. On average, homebuyers put down 14.7% of the home’s purchase price for a primary home in Q3, up from 13.6%

Mortgage 417

Mortgage Investing Housing Market Buyers 417

Housing Wire

AUGUST 6, 2020

mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. The average 15-year rate fell to 2.44%, the lowest in almost 30 years of data, according to the mortgage financier.

Mortgage 512

Mortgage Inventory Buyers Housing Market 512

Housing Wire

DECEMBER 7, 2022

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? However, mortgage rates have fallen more than 1% since the recent highs, so it’s time to look at the data to explain how to interpret it.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

JANUARY 4, 2021

The end of 2020 won’t necessarily mean saying goodbye to the favorable 2% mortgage rates that hit historically low levels 16 times over the past 12 months. Low mortgage rates fuel the demand for valuation and settlement services. Low mortgage rates fuel the demand for valuation and settlement services.

Mortgage 539

Mortgage Housing Market Valuation Government 539

Housing Wire

MAY 28, 2021

I don’t see that changing until mortgage rates increase, which will likely happen later this year. The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. For the week ending May 27, 30-year mortgage rates fell slightly to 2.95%.

Buyers 421

Buyers Real Estate Agent Real Estate Inventory 421

Housing Wire

JULY 15, 2021

Mortgage credit availability dipped 8.5% in June to 118.8 — indicating that lending standards are tightening, per the Mortgage Bankers Association’s Mortgage Credit Availability Index. “Mortgage credit has not recovered since the sharp downturn in the first half of 2020,” Kan said.

Mortgage 458

Mortgage Government Inventory Lending 458

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 same period of 2020 and 3.5 trillion in the third quarter.

Mortgage 397

Mortgage Loan Officers Inventory Housing Market 397

Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. The start of 2023 has been good, considering mortgage rates have stayed above 6% most of the time. I am keeping an eye on how much growth we can get with mortgage rates over 6%. Since Nov.

Inventory 508

Inventory Housing Market Mortgage Marketing 508

Housing Wire

JUNE 10, 2021

Mortgage credit availability increased by 1.4% in May – a sign that volume-hungry lenders continued to loosen credit standards in a highly competitive market, according to Thursday data from the Mortgage Bankers Association. MBA’s Mortgage Credit Availability Index (MCAI) which uses 100 as a benchmark — increased to 129.9

Mortgage 466

Mortgage Government Lending Housing Market 466

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well. trillion portfolio of MBS.

Mortgage 441

Mortgage Marketing Housing Market Buyers 441

Housing Wire

JULY 14, 2021

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. drop in applications to the lowest level since January 2020. The refinance share of activity of total mortgage applications increased to 64.1%

Mortgage 515

Mortgage Contracts Inventory Investors 515

Eyes on Housing

AUGUST 1, 2022

For the first time since 2020, prospective buyers expect housing availability to improve. Less competition from buyers priced-out of the market by recent increases in mortgage rates is.

Buyers 190

Buyers Mortgage Marketing 190

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. In addition, a vast majority of people spent more time at home in 2020 than ever before in modern history. In turn, mortgage companies need to get with the times, implement technology and improve efficiency.

Mortgage 512

Mortgage Inventory Real Estate Technology 512

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgage 473

Mortgage Real Estate Agent Renovations Finance 473

Housing Wire

APRIL 5, 2021

And even with fast-rising home prices and an uptick in mortgage rates , 30% of those surveyed said they wouldn’t move to an area with natural disasters or rising sea levels even if home prices were affordable. The post Threat of climate change looms large for some home buyers appeared first on HousingWire.

Buyers 473

Buyers Real Estate Agent Real Estate Brokerage 473

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. It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move.

Mortgage 520

Mortgage Inventory New Listings Sellers 520

Housing Wire

APRIL 1, 2024

Mortgage rate buydowns and a limited supply of existing homes have buoyed housing demand for many months despite elevated interest rates. At a more granular level, the study shows that home equity increases benefits to buyers across all segments. As home prices rose steadily, homeowners also accumulated significant equity.

Investing 441

Investing Buyers Mortgage Housing Market 441

Housing Wire

SEPTEMBER 10, 2020

Average mortgage rates for 30-year and 15-year mortgages fell to all-time lows this week, Freddie Mac said in a report on Thursday. The 30-year average is 2.86%, breaking the prior low of 2.88% set in the first week of August, and the 15-year average is 2.37%, beating last week’s record low of 2.42%, the mortgage financier said.

Mortgage 541

Mortgage Housing Market Realtors Buyers 541

Housing Wire

MARCH 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but an unwavering February may be the calm before the purchase storm as lenders prepare for a revitalized economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index remained unchanged at 124.6

Mortgage 479

Mortgage Government Buyers Contracts 479

Housing Wire

MAY 25, 2022

Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. .

Mortgage 432

Mortgage Contracts Retail Inventory 432

Housing Wire

MARCH 24, 2021

Mortgage applications decreased for the third straight week – this time down 2.5%, according to the latest report from the Mortgage Bankers Association. He added that mortgage rates have moved higher in tandem with Treasury yields. That’s coupled with a rise in mortgage rates , too. the previous week. from 10.3%

Mortgage 479

Mortgage Contracts Inventory Buyers 479

Housing Wire

JANUARY 26, 2022

Tomo , a fintech mortgage startup run by former Zillow executives, is expanding its presence, announcing this week that it will now serve borrowers in Florida, Connecticut and Colorado. And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. the fintech company said.

Mortgage 369

Mortgage Advertising Lending Brokerage 369

Housing Wire

MAY 28, 2021

since the beginning of 2020, pushing home prices in the San Jose-Sunnyvale-Santa Clara metro up 11.1%. “You’ve got a lot of young buyers — the millennial wave — that are looking to buy in San Jose, because they work at LinkedIn, Google, or Apple, which are all in this area,” Wellman said.

Buyers 362

Buyers Real Estate Agents Inventory 362

Housing Wire

JULY 29, 2021

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The 15-year fixed-rate mortgage decreased two basis points from last week, averaging 2.10% for the week ending on July 29.

Mortgage 421

Mortgage Valuation Investors Housing Market 421

Housing Wire

AUGUST 17, 2022

Demand for mortgage loans declined to the lowest level since 2000 last week due to affordability challenges and uncertainties regarding the U.S. economy, according to the Mortgage Bankers Association (MBA). . The market composite index , a measure of mortgage loan application volume, fell 2.3% for the week ending Aug.

Mortgage 384

Mortgage Retail Contracts Buyers 384

Housing Wire

MARCH 27, 2024

But high mortgage rates and high home prices proved too much for the listings boom in Jacksonville. The company collects a 3% buyer agent commission, keeps a third of it, and refunds the rest to the buyer; it does not charge a seller agent commission fee. Other would-be disruptors have not fared so well.

Brokerage 449

Brokerage Realty Real Estate Inventory 449

Housing Wire

JULY 1, 2022

An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. were “combination modifications,” where interest rate reductions and term extensions are applied to a loan to help bring down a borrowers mortgage payment.

Mortgage 384

Mortgage Renovations Buyers 384

Housing Wire

MARCH 25, 2021

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. “We are far away from those mortgage rate levels right now, but you have to know your limits with new home sales.”

Mortgage 543

Mortgage Construction Realtors Inventory 543