Housing Wire

JANUARY 31, 2024

However, I am still in the three-rate cut camp for 2024 unless the labor data gets weaker, which will force the Fed to act quicker than they want.” This combination should mean its next move will be a cut in order to prevent the real Fed funds rate from becoming overly restrictive, thereby increasing the risk of a sharper economic slowdown.

Real Estate 421

Real Estate Mortgage Investors Law 421

Housing Wire

NOVEMBER 14, 2023

The first is a collaboration between CFPB, the Fed Board and OCC, increasing the threshold 4.5% The first is a collaboration between CFPB, the Fed Board and OCC, increasing the threshold 4.5% The second and third adjustments are between the CFPB and the Fed Board only. Both changes are effective Jan.

Law 410

Law Appraisal Lending Mortgage 410

Housing Wire

JUNE 13, 2023

The core aspect of inflation is taking time to head lower, and this is the part of the inflation picture that the Fed cares most about. The core aspect of inflation is taking time to head lower, and this is the part of the inflation picture that the Fed cares most about. Shelter inflation is finally fading but the data really lags.

Marketing 496

Marketing Mortgage Housing Market 496

Housing Wire

DECEMBER 2, 2023

Mortgage rates almost fell below 7%, the 10-year yield is below 4.25% again, and people are seriously talking about Fed rate cuts in 2024. That economic growth and lower jobless claims data, on top of the Fed being hawkish at their Fed meeting, sent the 10-year yield over 5% making the Fed policy very restrictive.

Mortgage 543

Mortgage Inventory New Listings Sellers 543

Housing Wire

NOVEMBER 15, 2023

Yun explained how high rates and home prices , and a low supply of housing inventory are “making the dream of homeownership difficult for Americans.” Fed funds rates, 30-year mortgage rates ‘have likely crested’ “I believe we’ve already reached the peak in terms of interest rates,” Yun told the audience.

Real Estate 458

Real Estate Inventory Sellers Realtors 458

Housing Wire

MARCH 31, 2022

The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. Let me explain. Are we headed to a housing bubble? Housing Bubble.

Housing Market 530

Housing Market Inventory Lending Marketing 530

Housing Wire

AUGUST 17, 2023

For some economists, it explains why the 10-year treasury yield climbed to 4.28% on Monday, 28 basis points higher than the previous Monday. Mortgage rates continued to climb this week as U.S. bond yields hit their highest level since 2008. Despite the turbulence, some analysts said a debt crisis is not imminent. on Wednesday.

Mortgage 370

Mortgage Supply Chain Government Buyers 370

Housing Wire

SEPTEMBER 22, 2023

this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve We’ve always been in the camp that we believe Fed Chair Jerome Powell when he says higher for longer,” Duncan said in an interview with HousingWire this week.

Housing Market 450

Housing Market Marketing Buyers Investors 450

Housing Wire

APRIL 6, 2022

More rate hikes from the Fed. In an effort to cool inflation , the Fed has started rolling back the pandemic stimulus measures put in place beginning in 2020. The Fed has announced a total of six more rate hikes this year with the possibility of more coming in 2023. The impact of liquidity.

Modernization 397

Modernization Mortgage Marketing Design 397

Housing Wire

MAY 4, 2022

During a news conference following the Fed’s committee meeting, Powell announced the increase and outlined the Fed’s plan to begin “the process of significantly reducing the size of our balance sheet,” he said. “MBA forecasts that the Fed funds target will reach 2.5%, the neutral rate, by the end of 2022.”

Supply Chain 397

Supply Chain Mortgage Tools Loan Officers 397

Housing Wire

JULY 12, 2023

The CPI data released today shows the growth rate of inflation cooling off , and that’s good for mortgage rates. If inflation were running hot like in the 1970s, mortgage rates would have easily gotten to 8%-10% last year. Let’s dig in to where mortgage rates are headed. percent in June on a seasonally adjusted basis, after increasing 0.1

Mortgage 370

Mortgage Marketing 370

Housing Wire

JUNE 15, 2022

The Federal Reserve (Fed) on Wednesday did something it hadn’t done in more than two decades: it raised the federal funds rate by 75 basis points, to 1.50-1.75%, ” Fed officials expect that the unemployment rate will increase to 3.7% ” Fed officials expect that the unemployment rate will increase to 3.7% last month.

Mortgage 370

Mortgage Design Inventory Marketing 370

Housing Wire

APRIL 16, 2023

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Purchase application data rose again, with more positive than negative data in 2023. Mortgage rates didn’t move too much last week but ended the week on a higher note at 6.50%. The answer is no!

Inventory 538

Inventory Housing Market Marketing New Listings 538

Housing Wire

MARCH 25, 2024

Customer-centric mentality For Boccia, dedication to the customer base is key, he explained. California-based multichannel mortgage lender HighTechLending appointed reverse mortgage industry veteran Brian Boccia to serve as a senior account executive in its third-party origination (TPO) channel. We’re really excited about that.”

Mortgage 432

Mortgage Business Clients Development 432

Housing Wire

FEBRUARY 23, 2023

1 Fed officials’ meeting showed that they needed to do more to wrestle rapid inflation back to 2%. 1 Fed officials’ meeting showed that they needed to do more to wrestle rapid inflation back to 2%. The mortgage industry has been on a roller coaster ride this year due to a resilient economy. Rates were at 3.89% a year ago this time.

Mortgage 384

Mortgage New Listings Housing Market Buyers 384

Housing Wire

JULY 18, 2023

However, there is also the potential for these technologies to exacerbate existing issues related to lending equality, Barr explained. These risks are amplified when a model is opaque and lacks a sufficient degree of explainability—the degree to which the bank can understand how data, variables, and other features inform the credit decisions.”

Technology 370

Technology Lending Advertising Training 370

Housing Wire

DECEMBER 7, 2021

Instead, the New York Fed said it undertakes these smaller MBS transactions from time to time to test its “ operational readiness ” to implement “existing and potential policy directives” from the Federal Open Market Committee (FOMC). “[The]

Marketing 432

Marketing Supply Chain Finance Tools 432

Housing Wire

SEPTEMBER 24, 2023

Mortgage rates and the bond market Last week was wild for the 10-year yield, as the key support line that I have been talking about for weeks broke after the Fed meeting, sending the 10-year yield to highs last seen in 2007. I explained my premise here in this interview on CNBC. The yearly high is 7.49%. 15: 61,852 Sept.

Mortgage 485

Mortgage Inventory New Listings Housing Market 485

Housing Wire

MAY 24, 2022

Despite the turbulence in the U.S. economy fueled by inflation, international tensions and rising mortgage rates , the private-label securities (PLS) market recorded a strong first quarter, at nearly $43 billion in issuance, and is projected to finish 2022 with record volume. The report focuses on so-called RMBS 2.0

Marketing 384

Marketing Investors Mortgage Investing 384

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. The other focus should be where mortgage rates go; only a little happened last week.

Inventory 520

Inventory Housing Market Marketing New Listings 520

Housing Wire

NOVEMBER 30, 2022

We’re going to have a Fed-induced consumer slowdown ,” Petrosinelli said. “We’re The Fed on average … over the last two decades, usually cuts rates about four or five months after the Fed funds rate has peaked,” he said. We’re going to have a housing correction.”. Dour outlook.

Marketing 397

Marketing Mortgage Business Government 397

Housing Wire

MAY 24, 2023

The Fed and U.S. The Fed and U.S. However, after the crisis, the Fed entered the MBS market, and new regulations encouraged banks to hold quality liquid assets, including MBS. banks, which glommed onto these assets in the wake of the Global Financial Crisis, are expected to play a smaller role in the years to come.

Marketing 384

Marketing Insurance Investors Mortgage 384

Housing Wire

MAY 15, 2024

The Fed’s recent hawkish stance, refraining from rate cuts and advocating for extended higher rate language, adds to the mystery. My stance has remained unchanged since 2022: the Fed won’t pivot until they see the labor market break. However, the bond market will get ahead of the Fed if they believe the economy is weakening.

Mortgage 101

Mortgage Marketing Housing Market 101

Housing Wire

NOVEMBER 11, 2023

This explains why home prices fell last year, with crashing sales and a higher percentage of price cuts. Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The question now is: Have we hit the seasonal peak in inventory for 2023?

Inventory 491

Inventory New Listings Mortgage Retail 491

Housing Wire

APRIL 20, 2023

Mortgage rates are the product of the larger economic environment, including inflation and employment data as well as banking stability and the Fed’s actions,” Hannah Jones, economic data analyst at Realtor.com , said in a statement. Interest rates for mortgage loans broke five straight weeks of declines caused by the bank crisis.

Mortgage 410

Mortgage Buyers Housing Market Inventory 410

Housing Wire

NOVEMBER 10, 2023

Many homebuyers are aware of the lack of inventory of existing homes for sale, he explained. “So the fact that the Fed didn’t raise rates, the market rushed to say, ‘well, rates are going to get cut.’ “So the fact that the Fed didn’t raise rates, the market rushed to say, ‘well, rates are going to get cut.’

Mortgage 432

Mortgage Inventory Marketing Retail 432

Housing Wire

JUNE 11, 2023

After seeing disappointing inventory growth two weeks ago , which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. And, the recent uptick in mortgage rates to almost 7% slowed purchase application data again. First, it took the longest time in U.S.

Inventory 517

Inventory Housing Market Marketing New Listings 517

Housing Wire

MAY 4, 2023

This, in turn, has made business brutal, Yopko explained. This, in turn, has made business brutal, Yopko explained. With financial credit getting tighter and the Fed no longer buying mortgage-backed securities (MBS), it has been hard for the spread to get better in this environment, Mohtashami explained.

Mortgage 384

Mortgage Inventory Housing Market Buyers 384

Housing Wire

MARCH 1, 2023

Part of the Fed’s strategy to beat back inflation includes raising the benchmark interest rate , which is now in the 4.5% That interest-rate tool is coupled with another lever known as tapering, which involves the Fed orchestrating a major retreat from the agency MBS market by allowing assets to run off its $2.6

Marketing 384

Marketing Investing Mortgage Investors 384

Housing Wire

APRIL 14, 2022

Long-term, however, they agree the market will work through the changes and likely wind up better off, assuming the Fed’s so-called quantitative tightening strategy manages to tame runaway inflation and chases off its close cousin, a recession. “It trillion agency MBS portfolio? You don’t know what investor demand is going to be.

Marketing 410

Marketing Investors Government Investing 410

Housing Wire

MAY 10, 2023

level reported last summer, but inflation is still running far above the Fed’s target rate of 2%,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. “CPI level reported last summer, but inflation is still running far above the Fed’s target rate of 2%,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement.

Housing Market 384

Housing Market Insurance Realtors Buyers 384

Housing Wire

JANUARY 16, 2023

Here’s the rundown for the last week: Purchase application data has stabilized — the bleeding stopped. Housing inventory increased by 1,339 homes nationwide. This is a small number but could be the start of an important trend. Mortgage rates fell along with bond yields, showing that mortgage rates peaked on Oct.

Inventory 533

Inventory Housing Market Marketing Mortgage 533

Housing Wire

AUGUST 18, 2022

The Fed raised interest rates by 75 basis points in July’s meeting, marking its fourth rate hike this year. According to the meeting minutes released on Wednesday, the Fed sees more hikes in the future, but the pace could slow given that the Consumer Price Index (CPI) in July was flat from the previous month.

Mortgage 397

Mortgage Housing Market Marketing Technology 397

Housing Wire

FEBRUARY 2, 2024

The trend looks right to me, so let me explain my take. I say this because I don’t believe the Fed has pivoted yet. Now, we do have some quirky seasonality issues with this report, but as I have often stressed, don’t look at one to two positive or negative job reports; take the longer-term trend. You can read about that here.

Mortgage 447

Mortgage Retail Marketing Business 447

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. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

Mortgage 408

Mortgage Marketing Investors Lending 408

Housing Wire

JUNE 25, 2023

Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Purchase apps had a small week-to-week gain. Mortgage rates were again in a small range, hanging near 7%.

Inventory 410

Inventory Housing Market Marketing New Listings 410

Housing Wire

MAY 12, 2022

This white paper explains what collaborative marketing is and how forward-thinking lenders are already using it to drive growth. Mortgage rates are following the Federal Reserve ’s (Fed) inflation-fighting monetary policy. The Fed repeatedly has signaled it would raise rates six times this year with several more planned in 2023.

Mortgage 370

Mortgage Government Technology Marketing 370