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Builders rediscover a tool from the 1980s that keeps new home prices from falling

Housing Wire

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. months in January 2022 to 10.1

Tools 421
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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%. million.

Inventory 450
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Reevaluating your origination tools? Here’s where to start

Housing Wire

With the recent downturn in volume of new originations, many lenders are using this time to take inventory of the available tools geared toward risk mitigation and workflow optimization. Choosing the right tools to streamline the transaction from point of sale through loan closing can create a positive experience for the consumer.

Tools 410
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NAMB partners with Roomvu on digital marketing efforts

Housing Wire

The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. NAMB members and the entire industry will benefit from using their solutions,” NAMB President Valerie Saunders said in a news release.

Marketing 415
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Buydowns, rate lock fees can be powerful negotiation tools

Real Estate News

In this high-interest rate, low-inventory environment, creative financing tactics can help agents and their clients seal the deal.

Tools 230
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Radian Group announces strategic investment in FinLocker 

Housing Wire

The platform also offers mortgage and financial education, credit score monitoring, credit report access, and tools to improve credit, pay down debt, save for a down payment and track progress toward mortgage eligibility. Clients of FinLocker include loan officers, mortgage lenders, servicers, banks and credit unions.

Investing 441
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Mortgage rates fall to levels not seen since September

Housing Wire

“The modest uptick in demand over the last month signals that there will likely be more competition in a market that remains starved for inventory.” The CME FedWatch Tool showed a 95.6% Meanwhile, inventory will also increase by more than 14% by the end of Q2. 13, especially as better-than-expected economic readings come in.

Mortgage 512