articles mortgage-rates-reach-their-2023-peak 
Housing Wire
JANUARY 25, 2023
This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. They increased the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% As inflation eases, so will long term mortgage rates.
Housing Wire
MAY 2, 2023
And, unfortunately, sellers are not selling in today’s higher mortgage rate environment. The golden handcuffs of low mortgage rates keep sellers rate-locked in Before the housing market crash in 2007, the average length of time someone lived in their home, or tenure, was approximately five years.
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Housing Wire
APRIL 7, 2023
Given Friday’s job report , those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in the closet. As you can see in the chart below, year-over-year wage growth peaked early in 2022 and has been in a clear downtrend for some time now.
Housing Wire
NOVEMBER 9, 2022
The years 2020-2024 were going to be the time when total home sales could finally reach 6.2 In the summer of 2020, I talked about how the housing market would change, but it needed the 10-year yield to break over 1.94%, which roughly means 4% plus mortgage rates. Back then, the peak was approximately 2.3
Housing Wire
DECEMBER 16, 2021
We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.
Appraisal Today
MARCH 1, 2024
Check out the list of areas in the article to see if any are close to you. NOTE: Please scroll down to read the other topics in this long blog post on residential fee appraiser testifies at bias hearing, boom and bust markets, unusual homes, mortgage origination stats, etc. = The median home price in the Bay Area is around $1,300,000.
Appraisal Today
JANUARY 27, 2023
Appraisal Changes By Dan Bradley Excerpts: On January 18, 2023, HUD issued an announcement regarding revisions made to Handbook 4000.1. The changes outlined in the Handbook may be implemented immediately but must be implemented for FHA cases assigned on or after April 18, 2023. FHA Handbook 4000.1 so you can skip over most of it.
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