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. Only government refinances saw a slight increase last week,” Kan said. The refinance share of mortgage activity rose to 32.2% year over year. . from 10.8%

Mortgage 395

Mortgage Inventory Contracts Retail 395

Housing Wire

FEBRUARY 3, 2021

Mortgage applications jumped 8.15% from the week ending Jan. 29, breaking a two-week streak of decreases, according to the latest data from the Mortgage Bankers Association. Historically low mortgage rates became the norm in 2020 due to the COVID-19 pandemic and economic recession. the week prior. . the week prior. from 12.4%

Mortgage 426

Mortgage Contracts Government Inventory 426

Housing Wire

FEBRUARY 17, 2021

As mortgage rates come off of their historic lows, mortgage applications dropped for the second week, according to data from the Mortgage Bankers Association. Mortgage applications dropped 5.1% Expectations of faster economic growth and inflation continue to push Treasury yields and mortgage rates higher.

Mortgage 437

Mortgage Contracts Government Inventory 437

Housing Wire

JUNE 23, 2021

For the second week in a row, mortgage applications increased — this time, up 2.1% for the week ending June 18, 2021, per the latest report from the Mortgage Bankers Association. The 30-year fixed mortgage rate also rose to 3.18% — the highest level in a month, according to the MBA. of total mortgage applications from 61.7%

Mortgage 396

Mortgage Contracts Construction Government 396

Housing Wire

DECEMBER 8, 2021

Mortgage applications increased 2% for the week ending Dec. 3, driven by a surge in government refinancings according to the Mortgage Bankers Association (MBA) survey published on Wednesday. For jumbo mortgage loans (greater than $548,250), rates rose to 3.33% from 3.27% the week prior. Refinance apps fell 36.5%

Mortgage 437

Mortgage Government Contracts Inventory 437

Housing Wire

MARCH 10, 2021

After a slight increase in late February , mortgage applications dipped 1.3% in the week ending March 5, according to the latest report from the Mortgage Bankers Association. The 30-year fixed mortgage rate climbed to 3.26% last week, which is the highest since last July and up 40 basis points since the start of 2021.”.

Mortgage 417

Mortgage Contracts Government Inventory 417

Housing Wire

AUGUST 25, 2021

Mortgage applications rose 1.6% 20, moving in concert with a drop in Treasury yields , according to the latest report from the Mortgage Bankers Association. Refis ticked up 1% from the prior week and purchase mortgage applications jumped 3%, the trade group said on Wednesday. on the week ending Aug.

Mortgage 395

Mortgage Contracts Government Inventory 395

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.

Mortgage 437

Mortgage Renovations Appraisal Process Finance 437

Housing Wire

MAY 25, 2023

Elevated mortgage rates and economic uncertainty, along with still-low inventory, means that new pending sales were down more than 20% from a year ago, and were lower even compared to 2019 levels.” An index of 100 is equal to the level of contract activity in 2001. Regionally, the Midwest (78.4), South (99.6), and West (62.2)

Inventory 382

Inventory Housing Market Contracts Government 382

Housing Wire

NOVEMBER 24, 2021

Mortgage applications increased 1.8% 19, despite higher rates, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Regarding refi activity, Kan added that “borrowers continue to lock in mortgages in anticipation of higher rates in the future.” . for the week ending Nov. from the week prior. .

Mortgage 427

Mortgage Contracts Government Inventory 427

Housing Wire

MAY 24, 2023

debt ceiling impasse and the resilient economy led mortgage rates to climb to the highest level in two months. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% retail residential mortgage applications. Last week, the U.S. debt ceiling to avoid a default on June 1.

Mortgage 383

Mortgage Inventory Retail Housing Market 383

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said. below the August 2022 level.

Housing Market 472

Housing Market Contracts Government Buyers 472

Housing Wire

FEBRUARY 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6 Department of Agriculture fell by.1%,

Mortgage 541

Mortgage Lending Government Contracts 541

Housing Wire

DECEMBER 2, 2020

The Mortgage Bankers Association reported that applications dropped 0.6% Purchase activities continued to show impressive year-over-year gains, with both the conventional and government segments of the market posting another week of growth,” Kan said. The refinance share of mortgage activity decreased to 69.5% the previous week.

Mortgage 330

Mortgage Contracts Government Inventory 330

Housing Wire

APRIL 12, 2023

Mortgage rates tumbled downward by nearly 1% last week on the heels of a lackluster jobs report, which helped to spur renewed interest in mortgage loans by potential homebuyers. Overall, mortgage applications increased last week by 5.3% retail residential mortgage applications. from 12% the week prior. last week.

Mortgage 380

Mortgage Retail Housing Market Contracts 380

Housing Wire

MARCH 16, 2022

Interest in residential mortgages fell 1.2% for the week ending March 11 as mortgage rates rose to their highest levels since May 2019, according to the Mortgage Bankers Association ‘s latest survey. That’s led to a significant decline in refinance activity, both for conventional and government loans.

Supply Chain 383

Supply Chain Mortgage Contracts Government 383

Housing Wire

JANUARY 19, 2022

Mortgage applications increased 2.3% from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. Compared to the same week one year ago, mortgage apps overall dropped 37.3%, with a sharp decline in refinance (-49.2%) compared to purchase (-12.2%).

Mortgage 395

Mortgage Contracts Government Inventory 395

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 383

Mortgage Loan Officers Government Buyers 383

Housing Wire

JANUARY 27, 2021

For the second week in a row , mortgage applications decreased – this time, down 4.1% 22, according to data from the Mortgage Bankers Association. All other mortgage rates in the survey posted a decline. All other mortgage rates in the survey posted a decline. for the week ending Jan. the week prior. from 13.8%

Mortgage 320

Mortgage Contracts Government Inventory 320

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

Marketing 423

Marketing Mortgage Investors Sellers 423

Housing Wire

MARCH 2, 2022

It’s official: the mortgage industry has entered a purchase era , with refinance applications declining below 50% of the mix for the first time since June 2019, the Mortgage Bankers Association (MBA) reported on Wednesday. Mortgage applications decreased 0.7% 25, as mortgage rates reached 4.15%. for the week ending Feb.

Mortgage 370

Mortgage Retail Contracts Government 370

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). The data shows that the bank produced $25.3 30, 2023.

Mortgage 435

Mortgage Lending Retail Business 435

Housing Wire

DECEMBER 15, 2021

Mortgage applications fell 4% for the week ending Dec. 10, large part because fewer borrowers are looking to refi their exiting mortgages, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board. from the week prior.

Inventory 406

Inventory Contracts Government Mortgage 406

Housing Wire

DECEMBER 30, 2020

Year-over-year, contract signings increased by 16.4%. “The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,” said Lawrence Yun, NAR’s chief economist. Streamlining the refinance process in this low mortgage rate environment. Presented by: WFG.

Contracts 533

Contracts Inventory Realtors Government 533

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 397

Mortgage Marketing Investors Lending 397

Housing Wire

SEPTEMBER 1, 2021

Mortgage applications dipped 2.4% 27, with a notable drop in refinance applications, according to the latest report from the Mortgage Bankers Association. On an unadjusted basis, the weekly mortgage application survey by the trade organization decreased 3% compared to the prior week. for the week ending Aug. from 67.3%

Inventory 386

Inventory Contracts Government Mortgage 386

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. ” Contract signings on new homes increased 13.1% ” Contract signings on new homes increased 13.1% year over year. .

Supply Chain 417

Supply Chain Inventory Buyers Realtors 417

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. It never will be. I’ll explain later.)

Agents 406

Agents Buyers Sellers Inventory 406

Realtor

APRIL 14, 2021

This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at Homebridge Financial Services. ” And did we mention that economists expect mortgage rates to rise? Get pre-approved ASAP. Prepare for bidding wars ahead of time.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Housing Wire

SEPTEMBER 7, 2023

But if you’re an originator, that simply means that your target group is now smaller,” said Brian Hale, CEO of Mortgage Advisory Partners. “If So, they’ll reach out and they’ll find the companies that are publicly known as consumer-direct lenders,” said Mike Roberts, the co-founder of City Creek Mortgage.

Buyers 395

Buyers Agents Loan Officers Real Estate 395

Realtor

APRIL 14, 2021

This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at HomeTown. ” And did we mention that economists expect mortgage rates to rise? In this market, we are seeing a lot of appraisal gaps being written into contracts.

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

Hank Miller Team

OCTOBER 6, 2022

We examine list price, contract price and sold price. for contracted homes -3.4 for contracted homes +13.3 for contracted homes +32.8 This was the heart of the pandemic – also when the government handed out trillions and artificially held down mortgage rates. for contracted homes +46.7

Supply Chain 52

Supply Chain Contracts Housing Market Inventory 52

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. Overall inventory is up by about 17%, with a significant amount of supply coming from the studio and 1-bedroom market.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

JUNE 13, 2023

Mortgage credit availability dropped in May, a consequence of a tougher mortgage landscape that has resulted in lender consolidation as well as high rates and limited inventory that has stretched consumer budgets. The monthly Mortgage Credit Availability Index fell by 3.1% and the Conforming MCAI dropped by 3.9%.

Mortgage 370

Mortgage Government Lending Contracts 370

Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. Mortgage rates Mortgage rates exhibited a minor retreat to 6.79%, remaining within the 6.6%

Appraisal 77

Appraisal Contracts Business Construction 77

Housing Wire

JULY 28, 2022

economy shrunk, driven by decreases in private inventory investment, mainly general merchandise stores and motor vehicle dealers, and declines in residential fixed investment, especially broker’s commissions. Government also decreased its spending during the second quarter. According to the BEA, the U.S Meanwhile, the U.S.

Contracts 304

Contracts Government Housing Market Investing 304

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month New Home Supply.

Inventory 545

Inventory Construction Government Housing Market 545