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. “Investors remained attuned to the uncertainty around the U.S.

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Mortgage Inventory Retail Housing Market 382

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. of total applications.

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Mortgage Contracts Government Inventory 393

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. “Investors are weighing the impacts of rapidly increasing inflation in the U.S. of total applications.

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Supply Chain Mortgage Contracts Government 382

Housing Wire

FEBRUARY 2, 2022

Mortgage applications increased 12% from the previous week due to a surprising uptick in demand for “refis” as borrowers try to secure a lower rate , according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. For jumbo mortgage loans (greater than $647,200), rates climbed to 3.59% from 3.56% the week prior.

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Mortgage Contracts Inventory Investors 404

Housing Wire

FEBRUARY 15, 2024

We are excited about how we are set up for 2024 and beyond,” CEO Carrie Wheeler told investors and analysts listening to the firm’s Q4 2023 earnings call on Thursday evening. billion in inventory. billion in inventory. “We For iBuyer Opendoor , 2023 was all about moderation. “We

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Business Advertising Inventory Contracts 407

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.

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Mortgage Retail Contracts Government 370

Housing Wire

JULY 12, 2022

California-based Pennymac launched a product that can freeze mortgage rates as many as 90 days, in a bid to attract more borrowers to the market amid volatile rates. Pennymac is the latest mortgage lender to freeze rates for borrowers. The product does not require a property address to guarantee a mortgage rate.

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Mortgage Contracts Valuation Marketing 382

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. billion, according to a review of bond-rating and industry reports.

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Housing Wire

NOVEMBER 29, 2021

Who is crazy enough to write an American economic recovery model on April 7, 2020, and try to explain to people why housing isn’t going to crash due to demographics, good credit profiles and low mortgage rates? An index of 100 is equal to the level of contract activity in 2001.” in October. Year-over-year, signings fell 1.4%.

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Inventory Contracts Training Investors 527

Housing Wire

SEPTEMBER 11, 2023

While credit cards and auto loans aren’t directly related to mortgages , they comprise segments within the three main consumer debt categories. Conventional wisdom would dictate that the third category, mortgages, will follow if two of the three are negatively impacted. The inventory that does make it to REO remains in high demand.

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Inventory Technology Design Tools 404

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.

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Mortgage Loan Officers Government Buyers 382

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgage 382

Mortgage Investors Clients Marketing 382

Housing Wire

DECEMBER 16, 2022

The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. The market has now faced a contraction in existing-homes sales for nine consecutive months, while home prices and rates rise.

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Buyers Realtors Inventory Sellers 471

Housing Wire

SEPTEMBER 22, 2022

Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . I am a big fan of inventory to 2019 levels.

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Inventory Housing Market New Listings Mortgage 450

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. January sales fell 2.3% “While the 6.7

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Supply Chain Inventory Buyers Contracts 404

Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets.

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Sellers Buyers Investors Inspection 390

Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. It is difficult to obtain a mortgage today.

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Realtors Housing Market Marketing Buyers 393

Housing Wire

MAY 20, 2022

Today, homes are selling faster than usual because of the shortage of inventory and high buyer demand. Investment homes often take longer to sell because your audience is other investors. You don’t sell your home to the wholesaler; the contract gets transferred to a buyer the wholesaler finds for you. Sell to a Wholesaler.

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Real Estate Agent Tenants Real Estate Agents 404

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

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Brokerage Real Estate Clients Insurance 404

Housing Wire

AUGUST 7, 2023

Even as mortgage rates climbed over 7% in the past six weeks, home prices have not declined. As a result, the available inventory of homes for sale is slightly higher each week. Mortgage rates are sitting at their highest levels in many years. When will inventory peak for the year? As demand dips, the prices are not.

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Inventory New Listings Contracts Buyers 365

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.

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Marketing Real Estate Appraisal Sellers 221

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

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Supply Chain Contracts Housing Market Inventory 52

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. Other indices showed even higher mortgage rates.

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Mortgage Property Taxes Investors Buyers 370

Appraisal Today

MARCH 8, 2024

NOTE: Please scroll down to read the other topics in this long blog post on property data collectors, economic analysis, managing your email inbox, unusual homes, mortgage origination stats, etc. percent from one week earlier = Mortgage applications increased 9.7 March 6, 2024) — Mortgage applications increased 9.7 by year-end.

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Appraisal Contracts Real Estate Housing Market 83

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

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Appraisal Real Estate Contracts Design 67

Housing Wire

AUGUST 3, 2022

Demand for mortgage loans increased last week as a troubling economic outlook led to a decline in rates, according to the Mortgage Bankers Association (MBA). Treasury yields dropped as a result, as investors continue to expect a weaker macroeconomic environment in the coming months.”. retail, residential mortgage applications.

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Mortgage Inventory Retail Contracts 382

Housing Wire

APRIL 3, 2023

This meant slowing growth or contraction at a lot of previously high-flying proptech companies. The new offering enables homebuyers using the product to refinance the purchase of their home any number of years down the road, when mortgage rates reach a level they are satisfied with.

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Brokerage Real Estate Housing Market Business 384

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. The report noted that “most bankers reported that residential mortgage demand remained weak.” In other markets, inventory growth accelerated substantially from the previous report.

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Inventory Housing Market Marketing Construction 414

Hank Miller Team

FEBRUARY 27, 2022

The average mortgage rate is a good 1 higher than twelve months ago, with an expected 3-5 Fed rate bumps over '22. Inventory is even lower than last year and no one is expecting a major change any time soon. Inventory is even lower than last year and no one is expecting a major change any time soon. Contingencies? Closing date?

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Buyers Inspection Contracts Sellers 52

Hank Miller Team

MAY 3, 2022

Has the move away from historic inventory shortages and home buyer frustration finally started? One thing that's not debated, the mortgage rate increases (with more promised) have been an ice bucket challenge to the market. Does it matter though if we go from 6 days to 9 days for homes to go under contract?

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Real Estate Marketing Buyers Inventory 52

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. All cash and investors. USPAP and the Contract.

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Appraisal Contracts Real Estate Mortgage 52

Housing Wire

JANUARY 19, 2024

We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year.

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Housing Market Inventory Contracts Marketing 464

Housing Wire

OCTOBER 26, 2022

Kelly Mangold of RCLCO Real Estate Consulting attributes August’s rise in new home sales to a dip in mortgage rates , but once rates started rising again in September, sales slowed. “As As mortgage rates approach 7.0% The slower sales pace meant that inventory was back up in September. from August and 17.6% months in August.

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Inventory Contracts Buyers Investors 367

Appraisal Today

AUGUST 5, 2022

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

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Appraisal Valuation Contracts Modernization 59

Housing Wire

JULY 17, 2023

The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. In the fall of 2022 after mortgage rates jumped to 7.5%, I thought maybe we’d missed the soft landing call. By October 2022, it looked like 2023 would have rising inventory and falling home prices. is $450,000.

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Real Estate Marketing Inventory Contracts 366

Housing Wire

MARCH 31, 2022

The rate volatility that has gripped the economy since the start of the year and caused the mortgage-origination market to stumble is taking a toll on the private-label securitization market as well. MAXEX , an Atlanta-based digital mortgage exchange serving the PLS market, posted record growth in 2021, for example.

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Marketing Investors Mortgage Sellers 382

Housing Wire

SEPTEMBER 14, 2022

Financial advisory firm Mortgage Capital Trading (MCT) notes that the strong inflation numbers released yesterday , September 13, make it likely that the Federal Reserve will be more aggressive in its next round of rate hikes. “A Philadelphia — Homebuilders reported that contract signings for new homes continued to fall modestly.

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Construction Real Estate Inventory Supply Chain 370