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Lower mortgage rates are stabilizing the housing market

Housing Wire

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front of us, we can say they have stabilized the market. Mortgage rates went from a low of 2.5%

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May: Market Update for Housing Marketers

Housing Wire

Top-performing articles over the last month include: 5 predictions for the second half of the 2022 housing market , by Selma Hepp, deputy chief economist at CoreLogic. Opinion: Understanding trends is key to predicting the next housing shift , by Shashank Shekhar, founder and CEO of InstaMortgage.

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Bill Dallas to speak at engage.marketing on June 17

Housing Wire

Bill Dallas , president of Finance of America Mortgage , will speak at engage.marketing on the panel: Winning in a red-hot purchase market. Dallas is a mortgage industry veteran, building two mortgage companies from the ground up: First Franklin and Ownit Mortgage Solutions , starting in 1981. Not a member?

Finance 346
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DataDigest: Boomers and the refi boom reckoning

Housing Wire

Incentivized by a 200 basis point decline in mortgage rates, 14 million homeowners in America refinanced their mortgages between the second quarter of 2020 and the fourth quarter of 2021, according to a recent research report by the New York Fed. They don’t want to give up that mortgage rate. So where do housing pros turn?

Inventory 353
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The standoff between homebuyers and sellers

Housing Wire

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

Sellers 498
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Existing home sales data shows extent of housing inflation

Housing Wire

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. . million in August.”

Inventory 437
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Verification solutions provider Xactus acquires MassiveCert

Housing Wire

The acquisition of MassiveCert supports our objective of advancing the modern mortgage by allowing us to more comprehensively address our clients’ flood risk assessment needs,” said Shelley Leonard, president of Xactus. The terms of the deal were not disclosed. Presented by: ServiceLink.

Insurance 299