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. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. economy remains hot.

Loan Officers 379

Loan Officers Mortgage Buyers Inventory 379

Housing Wire

DECEMBER 14, 2023

Powell on Wednesday announced that the Fed anticipates making three 25 basis point rate cuts in 2024 and four in 2025, which should help bring mortgage rates further down in 2024. Several loan officers on Thursday told HousingWire they were quoting borrowers in the mid-6% range on standard 30-year-fixed loans.

Mortgage 476

Mortgage New Listings Loan Officers Inventory 476

Housing Wire

MARCH 23, 2023

Buyers continue to feel the pinch from high mortgage rates and still-elevated home prices. While high interest rates and home prices drove up mortgage payments and application payments, loan officers are seeing bidding wars due to a lack of inventory issues. in 2025. this year from 6.6% in 2024 and 4.4%

Mortgage 332

Mortgage Loan Officers Inventory Buyers 332

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. Buyers want to know that they will be able to get a low mortgage rate when they lock in a rate. in 2024, followed by 5.5%

Mortgage 450

Mortgage Buyers Inventory Technology 450

Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. You have all these buyers that have been waiting for rates to come back and now they’re back and all this becomes really competitive again.”

Mortgage 439

Mortgage Loan Officers Inventory Business 439

Housing Wire

NOVEMBER 10, 2023

That doesn’t take into consideration the number of buyers that had already applied and were sitting on the sidelines. Many homebuyers are aware of the lack of inventory of existing homes for sale, he explained. “I think we were up right around 15% increase in the number of initial mortgage applications.

Mortgage 413

Mortgage Inventory Marketing Retail 413