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Government mortgage loan demand drops as affordability issues loom

Housing Wire

But the decline in demand for mortgage loans was more evident in the government market, which consists of Federal Housing Administration (FHA), U.S. Meanwhile, the conventional space – not offered or secured by a government entity – registered a 2.7% Last week, mortgage apps in the space were 8.4%

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Surging lock volume may hint at stabilization of the housing market: Optimal Blue 

Housing Wire

Meanwhile, an easing of the inventory shortage foreshadows the possible return of a stable housing market. Lock volume increased by 36% between December and January, driven by a 38% seasonal increase in purchase lock volume, according to Optimal Blue ’s Originations Market Monitor report. of total volume. of the total volume.

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The last stand for forbearance housing market crash bros?

Housing Wire

Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? . We know the current status of the housing market in America is vigorous, if not hot. Here is a link to one of those articles.

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FHFA: Government to back mortgages up to $970,800 in 2022

Housing Wire

The Federal Housing Finance Agency (FHFA) today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200.

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Housing Market Tracker: Spring inventory grows

Housing Wire

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. It has been cooling down even though we have had a tighter labor market, as I wrote about in the last jobs report. The fear of not having an increase in inventory this spring should be put to rest.

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The 2021 housing market recap by Logan Mohtashami

Housing Wire

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been. The excellent.

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Fannie Mae economists offer housing market outlook, potential timeline for interest rate cuts

Housing Wire

After nearly three years of doom and gloom in the mortgage industry, housing experts — including Fannie Mae economists — are expecting interest rates to ease. Regarding the highly anticipated Federal Reserve interest rate cuts , economists at Fannie Mae expect the reduction to come as early as May.