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Homepoint lends homebuyers the power of all-cash offers

Housing Wire

In this hot housing market, Michigan-based wholesale lender Homepoint understands the key to originating more home loans is ensuring more sellers accept offers made by its buyers. To do that it relies on the two words sellers increasingly want to hear: “All cash.” Planet Home Lending entered into a $2.5

Lending 374
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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

Realtors 383
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Housing inventory falls under 1M again as sales collapse

Housing Wire

housing market , we just experienced an event that most people never thought could happen. If you believe people sell to become homeless, then you’re in the group of people that have simply not read housing data for decades. The days on market were too low. And existing home sales crashed in 2022 from a peak of around 6.5

Inventory 538
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Secondary mortgage market adjusts to higher-for-longer rates 

Housing Wire

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Following are excerpts from their responses that reflect on the good, the bad and the ugly of the current market.

Marketing 373
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Rate lock volume jumps 43%, reflecting a rate-sensitive market

Housing Wire

“This continues to be an incredibly rate-sensitive housing market, and March’s rate lock activity perfectly illustrates this dynamic,” Andy Walden, vice president of enterprise research at Black Knight, said. by the end of the month, Black Knight’s Optimal Blue mortgage market indices showed. before dropping to 6.4%

Marketing 345
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Why industry watchers expect mortgage rates to fluctuate in coming weeks

Housing Wire

The Federal Reserve ‘s decision to raise the federal funds rate by 25 basis points on Wednesday signaled that officials are still focused on bringing down inflation to 2% while monitoring how much recent bank failures slow lending in the economy and cool demand. What does it mean for buyers, sellers?

Mortgage 371
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Regardless of price, Austin homes still flying off the market

Housing Wire

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. The jumbo market for brokers is back in a huge way. At this time last year, only two homes had been sold in Austin for more than $300,000 above asking price.

Marketing 488