Housing Wire

JANUARY 29, 2024

After nearly three years of doom and gloom in the mortgage industry, housing experts — including Fannie Mae economists — are expecting interest rates to ease. Connie Kim : Fannie Mae calls for mortgage rates to dip below 6% by the end of this year. If mortgage rates get down to 5%, then I think there is a nonlinear piece to it.

Housing Market 450

Housing Market Marketing Mortgage Investors 450

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. at the end of April, according to HousingWire ’s Mortgage Rates Center. They crested near 7.6%

Marketing 424

Marketing Mortgage Investors Sellers 424

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. Kim: Spreads in the mortgage space are wide.

Housing Market 442

Housing Market Marketing Buyers Investors 442

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Now that mortgage rates have risen, demand is getting hit, while we are still showing 14.8%

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

MAY 14, 2024

Despite persistently high interest rates , big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago. In first-quarter 2024 , Fidelity reported total revenue of $3.299 billion, up from $2.474 billion a year ago. The firm’s title segment reported $1.7

Insurance 441

Insurance Real Estate Sellers Housing Market 441

Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. The real story in housing has been the price boom that we have seen since 2020.

Housing Market 521

Housing Market Marketing Inventory Realtors 521

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% The 15-year fixed-rate mortgage averaged 5.76% this week, down from 5.87% the prior week.

Mortgage 527

Mortgage Inventory Retail Construction 527

Housing Wire

NOVEMBER 9, 2023

As 10-year Treasury yields tumbled, the average 30-year fixed mortgage fell 26 basis points in the week ending Nov. The 30-year, fixed mortgage averaged 7.5% 9, according to Freddie Mac ‘s Primary Mortgage Market Survey. New inflation data comes out Tuesday, giving investors more clues on the Fed’s path moving forward.

Mortgage 457

Mortgage Inventory Investors Housing Market 457

Housing Wire

DECEMBER 22, 2023

The housing industry, including the secondary market it feeds, is still likely to be sluggish in 2024, with marginal improvements in some sectors as others tread water or retreat slightly, industry players who spoke with HousingWire predict. said many of the same headwinds the market faced in 2023 remain as we roll into 2024.

Mortgage 433

Mortgage Marketing Housing Market Buyers 433

Housing Wire

OCTOBER 26, 2023

Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. million units sold.

Mortgage 442

Mortgage Inventory Housing Market Realtors 442

Housing Wire

JANUARY 29, 2024

Homebuyers are getting some relief in 2024 as mortgage rates recede from their 20-year high point of last October. mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. mortgage rate could have afforded a $416,000 home. Mortgage rates stabilized last week, averaging 6.69% as of Jan.

Buyers 404

Buyers Mortgage Agents Investors 404

Housing Wire

NOVEMBER 2, 2023

Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year high. The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, according to Freddie Mac ‘s Primary Mortgage Market Survey. she said in a statement. “So,

Mortgage 464

Mortgage Investors Housing Market Marketing 464

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. housing market; the 10-year is above 1.94%, something that didn’t happen in 2020 or 2021. million to 4.98 million in January 2019.

Housing Market 483

Housing Market Marketing Inventory Mortgage 483

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.

Loan Officers 414

Loan Officers Mortgage Buyers Inventory 414

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment.

Housing Market 414

Housing Market Marketing Contracts Finance 414

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% All four U.S.

Inventory 483

Inventory Housing Market New Listings Buyers 483

Housing Wire

NOVEMBER 7, 2023

Mortgage tech firm Blend Labs continued to narrow its financial losses in the third quarter, driven by strong growth in its consumer banking business. Its mortgage business outperformed the broader origination market and the company reduced cash burn, putting the firm on track to its goal of reaching non-GAAP profitability by next year.

Investors 413

Investors Mortgage Business Technology 413

Housing Wire

JANUARY 25, 2023

The company notified its clients earlier this month that based on the S&P CoreLogic Case-Shiller US National Home Price NSA Index’s projected decline, the housing market has fallen out of favor with Goldman Sachs. The company is eyeing the San Jose, Austin, Phoenix, and San Diego markets in particular.

Housing Market 393

Housing Market Investors Clients Mortgage 393

BiggerPockets

JANUARY 24, 2024

The “frozen” housing market is about to get blowtorched as competition is set to heat up in 2024. With lower mortgage rates, bigger investor tax benefits, positive economic sentiment, and […]

Housing Market 49

Housing Market Marketing Investors Mortgage 49

Housing Wire

FEBRUARY 22, 2024

Despite slower housing market conditions , Big Four title firms Stewart , First American and Fidelity National Financial all managed to earn profits in 2023. Mortgage rates and rate volatility continue to impact transaction volumes, and we find ourselves at historic lows for sale of existing homes. million, down 2% annually.

Marketing 414

Marketing Investors Housing Market Investing 414

Housing Wire

JANUARY 31, 2024

One of the biggest takeaways from the Wednesday press conference held by Federal Reserve Chair Jerome Powell is that the central bank isn’t likely to cut interest rates in March as investors had hoped. The Mortgage Bankers Association (MBA) is geared toward an interest rate cut coming in May. 31, the CME FedWatch Tool estimates a 95.8%

Real Estate 414

Real Estate Mortgage Investors Law 414

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. Analysts see mortgage companies issuing debt as a sign that market conditions may improve in 2024. Pennymac also informed the market this week that an arbitrator concluded the company has to pay $155.2

Contracts 404

Contracts Investing Mortgage Investors 404

Housing Wire

APRIL 25, 2024

in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). Meaningful gains will only occur with declining mortgage rates and rising inventory.” million home sales in 2024, a 9% increase from 2023. Pending home sales increased by 3.4%

Inventory 450

Inventory Buyers Realtors Investors 450

Housing Wire

FEBRUARY 22, 2023

It’s proving to be a brutal February for the mortgage industry, with mortgage demand falling for the third time in four weeks. At a time when purchase activity typically ramps up, the latest mortgage application data is showing that mortgage demand is dropping due to mortgage rates climbing back up. of the total.

Mortgage 370

Mortgage Retail Investors Marketing 370

Housing Wire

OCTOBER 11, 2023

loanDepot ‘ s CEO and president Frank Martell said the mortgage market will remain challenging in 2024. Still, the company is working to make money and, when the market turns, accelerate growth in a profitable, sustainable way. “We are still likely to face a tough market in 2024. on Wednesday.

Investing 424

Investing Valuation Marketing Mortgage 424

Housing Wire

NOVEMBER 9, 2023

As mortgage rates hover around 8% for agency mortgages, lenders handling conventional mortgages are struggling to find business. Lind said Acra’s investor loan percentage has increased from about 37% in 2022 to nearly 48% this year. But the company will likely fund more loans in 2024 than it did this year, he said. “I

Lending 413

Lending Investors Business Mortgage 413

Housing Wire

DECEMBER 14, 2022

This slowdown is good news for the housing industry as it may lead to a decline in mortgage rates. Fed officials do expect to begin lowering rates in 2024, but they anticipate bringing them down slowly. The 30-year fixed mortgage rate declined to 6.30% on Tuesday, according to the HousingWire Mortgage Rates Center.

Mortgage 393

Mortgage Buyers Marketing Inventory 393

Housing Wire

MAY 1, 2024

On Wednesday evening, during the firm’s Q1 2024 earnings call with investor and analysts, CEO Rich Barton took a contrary view: Zillow is just beginning to unlock its revenue generating potential. “In In a hostile housing market and a noisy industry environment, why is Zillow outperforming?” he posited.

Agents 431

Agents Real Estate Contracts Real Estate Agent 431

Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

Inventory 464

Inventory Marketing Housing Market New Listings 464

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . making housing cool down noticeably.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

FEBRUARY 23, 2024

Less than 24 hours after announcing Nick Bailey’s departure from the firm, RE/MAX executives found themselves on a call with investors and analysts to discuss the company’s fourth-quarter and full year 2023 earnings. agent count and to expand its mortgage business.

Agents 404

Agents Investing Brokerage Design 404

Housing Wire

NOVEMBER 10, 2023

Fidelity National Financial finished out third-quarter earnings reporting for the Big Four title firms this week, hosting its earnings call with investors and analysts Wednesday morning. Upfront Title will be available to mortgage software platforms and the government sponsored entities before the end of the year.

Investors 404

Investors Retail Government Mortgage 404

Housing Wire

FEBRUARY 23, 2024

Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%.

Inventory 464

Inventory Mortgage New Listings Marketing 464

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. Among 11 publicly traded nonbank mortgage lenders, the loss represented the third-worst financial performance in the second quarter, according to a HousingWire analysis.

Mortgage 393

Mortgage Loan Officers Finance Investors 393

Housing Wire

DECEMBER 21, 2022

From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun. Plus, available housing inventory remains near historic lows.” economic history. . As we can see below, the U.S.

Inventory 525

Inventory New Listings Housing Market Sellers 525

Housing Wire

MAY 9, 2022

This was my best attempt to convince the housing bubble boys that what they believed in is more fabrication than reality before the years 2020-2024. It’s now evident that housing did not collapse and in fact home prices are savagely unhealthy. housing market follow Canada? And it’s not just here in America.

Buyers 527

Buyers Housing Market Mortgage Marketing 527

Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners.

Loan Officers 393

Loan Officers Agents Retail Technology 393