Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

Marketing 427

Marketing Mortgage Investors Sellers 427

Housing Wire

SEPTEMBER 13, 2023

New York-based mortgage platform Roam has secured a $1.25 Roam focuses on a distinctive niche within the mortgage industry: assumable mortgages. Tech executive and investor Keith Rabois at venture capital firm Founders Fund led the capital injection. The platform advertises sellers listing to qualified buyers.

Mortgage 427

Mortgage Government Advertising Buyers 427

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Of course this isn’t the healthiest housing inventory story. from the previous year ($375,300). All four U.S.

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Inventory Housing Market New Listings Buyers 487

Housing Wire

MAY 14, 2024

“In the first quarter, we saw normal seasonality in purchase opened orders with sequential improvement coming off the fourth quarter,” Fidelity CEO Mike Nolan told investors and analysts during the firm’s Q1 2024 earnings call on Thursday. “In Refis are holding steady at roughly 1,000 per day at the current floor.

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Insurance Real Estate Sellers Housing Market 445

Housing Wire

MARCH 18, 2022

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. NAR Research : Unsold inventory sits at a 1.7-month

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

APRIL 20, 2023

Interest rates for mortgage loans broke five straight weeks of declines caused by the bank crisis. For the first time in over a month, mortgage rates moved up due to shifting market expectations,” Sam Khater , Freddie Mac ’s chief economist, said in a statement. in the first week of April to 3.6%

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Mortgage Buyers Housing Market Inventory 406

Housing Wire

MARCH 29, 2023

When the 30-year fixed rate dropped for the third straight week in late March, homebuyers responded, giving a boost to mortgage applications. And, following investors’ rush into bonds after the recent bank failures earlier this month, yields moved even lower last week — and mortgage rates followed.

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Mortgage Real Estate Agent Buyers Loan Officers 407

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. In March of 2022, sellers received an average of 5.5

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Realtors Buyers Inventory Sellers 427

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. . Plus, available housing inventory remains near historic lows.”

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Inventory New Listings Housing Market Sellers 527

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgage 437

Mortgage Buyers Loan Officers Marketing 437

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. “The As that uncertainty drains away, mortgage rates will have smaller day-to-day swings.” What does it mean for buyers, sellers?

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Mortgage Sellers Buyers Housing Market 395

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Now that mortgage rates have risen, demand is getting hit, while we are still showing 14.8%

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Housing Market Marketing Inventory Mortgage 540

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.

Mortgage 383

Mortgage Loan Officers Government Buyers 383

Housing Wire

APRIL 29, 2022

Just like Earth, mortgage rates and housing markets are cyclic and we’re heading into another Ice Age. There is a broker in charge talking about the spring buying season and an elder mortgage sales manager talking about some interest-only (IO) loan or ARM from 1990 that was 8%. FHA, VA and USDA aren’t accepted by sellers.

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Mortgage Real Estate Agent Technology Inventory 370

Housing Wire

JUNE 28, 2022

Imagine if mortgage rates didn’t rise this year. We are still showing double-digit home-price growth trends in the recent data as it takes time for higher mortgage rates to really increase supply back to normal levels. The reality is that home sellers and builders had too much pricing power. I believe once we get between 1.52-1.93

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Housing Market Marketing Inventory Investors 454

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. First-time buyers dropped to the lowest share NAR has recorded in the Profile of Home Buyers and Sellers — just 26% of the market, compared to 34% the year before.

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Buyers Realtors Inventory Sellers 475

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “The largest, undisrupted market in the U.S.,”

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Marketing Inventory Renovations Investors 417

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners. Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce.

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Real Estate Open Houses Brokerage Real Estate Agent 428

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. So what is the issue here?

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. So what is the issue here?

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

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Inventory Housing Market Marketing Realtors 509

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? Mother Demographics and low mortgage rates are two very hard competitors to go against when advocating an epic housing crash.

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Inventory Contracts Training Investors 529

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 392

Housing Wire

APRIL 13, 2022

percentage points over the past three months, have thrown a wrench into the mortgage origination and private-label securitization markets. That is the market for mortgage servicing rights (MSRs). In the category of seller risks, the possibility exists that certain buyers could blow through their entire 2022 [MSR] acquisition budget.

Mortgage 383

Mortgage Marketing Sellers Buyers 383

Housing Wire

FEBRUARY 24, 2022

billion revenue, which mostly stems from a 5% sales fee charged to home sellers and proceeds from flipping homes. billion in unsold real estate inventory. Carrie Wheeler, Opendoor’s Chief Financial Officer, assured investors that the company has financing for “over $10 billion” in inventory. The company tallied $8.0

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Investors Real Estate Inventory Finance 427

Housing Wire

DECEMBER 30, 2020

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. Quite the opposite. Sales of new homes spiked 18.6% bond market.

Mortgage 545

Mortgage Investors Housing Market Marketing 545

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.

Inventory 454

Inventory Housing Market New Listings Mortgage 454

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Housing Market 383

Housing Market Renovations Marketing Retail 383

Housing Wire

MAY 24, 2023

The Federal Reserve ‘s monetary tightening policy and the recent banking crisis have the potential to change the mortgage-backed securities (MBS) market’s dynamics more than anything seen over the last two decades, according to secondary market experts. They are likely to be replaced by money managers as investors.

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Marketing Insurance Investors Mortgage 382

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 407

Housing Wire

MARCH 16, 2022

The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time in four years, marking an end to the easy money that gave rise to the hottest mortgage market in U.S. for the year that ended in February, is sure to increase the cost of mortgage borrowing. mortgage industry funded $4.1

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Inventory Design Mortgage Buyers 437

Housing Wire

MAY 17, 2022

Buy with Orchard is the firm’s first product targeted to first-time buyers that provides home shoppers with the cash needed to compete with equity-rich homeowners and investors, the company said. The company’s commission is paid by the seller and buyers don’t pay any additional fees to use Orchard’s cash.

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Buyers Investors Mortgage Valuation 370

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 521

Mortgage Marketing Retail Lending 521

Housing Wire

NOVEMBER 30, 2022

Relief from the rate-driven volume reduction afflicting both the primary and secondary mortgage markets is expected to be elusive for some time to come, at least in terms of any renewed refinancing boost. Agency mortgage-bond gross issuance, Chrisman notes, is projected to end 2022 at around $1.8 Dour outlook. trillion in 2022, to $2.24

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Marketing Mortgage Business Government 395

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers. percentage points.

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Sellers Buyers Home Value Marketing 78

Housing Wire

DECEMBER 20, 2023

Last week’s DataDigest offered readers a host of housing forecasts from industry experts at banks, trade associations and more, the thrust of which was housing professionals should expect a modestly better year of sales thanks to retreating mortgage rates in the year to come. ” Wells Fargo predicted mortgage rates of 7.2-6.7%

Mortgage 437

Mortgage Realtors Real Estate Marketing 437

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire.

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Marketing Inventory Loan Officers Buyers 370