Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. As labor and supply chain shortages also extend the timelines and budgets of projects, homeowners are favoring flexible financing options.

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Housing Wire

FEBRUARY 18, 2021

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. Increasing lending and servicing capacity – regardless of mortgage rates. for the week ending Feb.

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Housing Wire

SEPTEMBER 15, 2023

The great financial crisis (GFC) revealed a defective supply chain, metrics unable to assess local risk and markets incapable of answering Ben Bernanke ’s defining question – “what’s this stuff worth?” Validation : Mortgage is a manufacturing process with end products dependent on accurate information. What’s next?

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Housing Wire

MARCH 16, 2022

Interest in residential mortgages fell 1.2% for the week ending March 11 as mortgage rates rose to their highest levels since May 2019, according to the Mortgage Bankers Association ‘s latest survey. The MBA found that the adjustable-rate mortgage share of the activity increased to 5.6% of total applications.

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Housing Wire

OCTOBER 21, 2021

The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. The MBA has forecast purchase mortgage volume to hit a record $1.73

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Housing Wire

JANUARY 2, 2024

When will the mortgage industry know it has reached the tipping point where innovation is no longer a competitive advantage but an existential need? Fifteen years ago, I launched a business on a mission to modernize and decrease friction in the real estate finance supply chain. Everyone works together.

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Housing Wire

FEBRUARY 2, 2022

On the other hand, they will not have the materials, labor, or efficient supply chain processes to meet that demand. The average 30-year fixed mortgage interest rate is about 3.6%, according to a Freddie Mac survey.). The homebuilder’s trade group continues to refer the supply chain as a “crisis.”. in December.

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Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion from the $4.36 in 2022.

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Housing Wire

APRIL 8, 2021

mortgage rate dropped five basis points last week to 3.13%, according to Freddie Mac’s Primary Mortgage Market Survey. It’s the first decline in mortgage rates in two months. According to the Mortgage Bankers Association, refinance mortgage applications declined for the fifth straight week.

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Housing Wire

DECEMBER 22, 2020

The next time you apply for a mortgage, or your lender services that loan or sells it on the secondary market, you might be helping to disrupt an industry. But blockchain is also being increasingly adopted by tech companies in the mortgage space seeking to revolutionize and disrupt the industry. Friedman HW+ Columnist.

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Housing Wire

AUGUST 19, 2021

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines. Last week, mortgage applications decreased 3.9%

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Housing Wire

APRIL 7, 2022

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. Another index shows mortgage rates even higher. Mortgage rates have increased 1.5

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Mortgage Supply Chain Inventory Investors 384

Housing Wire

APRIL 28, 2022

Horton , the nation’s largest homebuilder by gross revenue and total closings, this week released its second quarter earnings for the fiscal year, which executives deemed “outstanding,” despite ongoing supply chain challenges , “a very tight labor market ,” and the massive uptick in mortgage rates. per diluted share.”

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Housing Wire

AUGUST 17, 2023

Mortgage rates continued to climb this week as U.S. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.09% as of August 17, up from last week’s 6.96%. Other indices showed even higher mortgage rates.

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Housing Wire

NOVEMBER 10, 2022

Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! This of course led some people to believe that bond yields and mortgage rates would go much higher today.

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Appraisal Buzz

SEPTEMBER 20, 2021

For the second month in a row, expectations for near-term real GDP growth have been revised downward – and outward – due to persistent supply chain disruptions and labor market tightness, according to the September 2021 commentary from Fannie Mae ’s Economic and Strategic Research (ESR) Group.

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Appraisal Buzz

JANUARY 13, 2022

Inflationary concerns, spurred by continued labor and supply chain issues, forced mortgage rates to jump by 0.23% this week, as rates rose across all mortgage loan types. The post Mortgage Rates Take Giant Step to Kick Off New Year appeared first on theMReport.com.

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Housing Wire

FEBRUARY 9, 2023

Despite this, the NAHB is optimistic that the recent drop in mortgage rates over the past two months might signal that affordability conditions may have reached their low point for this cycle of the housing market. In addition, Q4 also saw average mortgage rates reach a series high of 6.80%.

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Housing Wire

SEPTEMBER 6, 2023

The most likely outcomes include: Lenders: Fewer than 50 mortgage lenders will transition to a federated model that enforces the controls necessary for secure cross-industry interoperability. Real estate and mortgage brokers will be marginalized as friction is removed. Brokers : Digitization puts middlemen in every industry at risk.

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Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. To view the complete research, click here.

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Housing Wire

OCTOBER 13, 2021

billion worth of mortgages from July to September, up 5% from the previous quarter and up 43% year-over-year, the bank announced on Wednesday. Mortgage fee and related income came in at $596 million, up from the $548 million JPMorgan Chase generated in the second quarter. JPMorgan Chase originated $46.1 billion for the third quarter.

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Supply Chain Mortgage Retail Valuation 350

Housing Wire

JANUARY 6, 2022

Homebuilders responded to the shortage of homes for sale, accelerating new home construction, even as they face severe supply-side challenges, including rising building material costs and supply-chain bottlenecks, a lack of affordable lots, and difficulty in finding skilled labor. You can’t buy what’s not for sale.

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Housing Wire

MARCH 3, 2023

Inflation is hot, so why aren’t mortgage rates over 10% like we saw in the 1970s? Mortgage rates have trended up to over 7% while the 10-year yield has been around 4%, so everything is in the top-end range of my 2023 forecast. This is a good question because the answer can clear many things up with inflation and mortgage rates.

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Mortgage Supply Chain Construction Marketing 448

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

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Eyes on Housing

FEBRUARY 9, 2023

Mirroring a steep rise in mortgage rates that began in the early part of 2022 and coupled with ongoing building material supply chain bottlenecks that increased construction costs, housing affordability posted three consecutive quarterly declines in 2022 and now stands at its lowest level since the National Association of Home Builders (NAHB) began (..)

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Supply Chain Construction Mortgage 191

Housing Wire

APRIL 8, 2022

A stunning rise in mortgage rates, historically low levels of inventory , and skyrocketing housing prices are fueling consumer pessimism. Of the six index components, a survey-high of 69% of respondents expect mortgage rates to continue their upward trend over the next 12 months. It’s a depressing combination. points to 73.2

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Supply Chain Housing Market Inventory Mortgage 421

Housing Wire

JANUARY 11, 2024

As I have stressed time and time again, when the market believes the Federal Reserve is done hiking rates, the markets make a big move lower with the 10-year yield and mortgage rates. Over time, shelter inflation will fade as more supply comes onto the market. This, while jobless claims data is still historically low.

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Supply Chain Marketing Mortgage 504

Housing Wire

FEBRUARY 1, 2022

“As we move further into 2022, economic factors – such as new home building and a rise in mortgage rates – are in motion to help relieve some of this pressure and steadily temper the rapid home price acceleration seen in 2021,” said Frank Nothaft, chief economist at CoreLogic. months of supply.

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Housing Wire

SEPTEMBER 22, 2022

The latest forecast also projects total mortgage origination activity at $2.44 The mortgage market is projected to slip further to $2.17 The agency’s Economic and Strategic Research (ESR) Group forecasts the total home sales to decline 17.2% million units this year from 2021, a further downward revision from August’s projected 16.2%

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Housing Market Supply Chain Marketing Inventory 410

Housing Wire

JUNE 14, 2021

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. Digital mortgage platform DocMagic Inc.

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Appraisal Buzz

AUGUST 16, 2022

below their revised June estimate, as erratic mortgage rates, supply chain concerns, and high prices mount to create housing affordability challenges. HUD and the Census Bureau reported housing starts dipping 9.6% The post Fall in Housing Permits Gives Way to Rise in Multifamily Construction appeared first on DSNews.

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Housing Wire

MAY 12, 2022

A homeowner is considered equity rich when they have at least 50% equity in their home, a feat more easily accomplished when skyrocketing home price appreciation widens the gap between what someone owes on their mortgage and the value of their house. The portion of mortgaged homes that were equity rich rose from 41.9% About 44.9%

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Housing Wire

OCTOBER 11, 2021

Servicers’ forbearance portfolio volume declined at the fastest rate in a year, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). The share of independent mortgage bank loans in forbearance fell 37 basis points to 2.82%. 3, 73% of the first-mortgage servicing market.

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Supply Chain Mortgage Marketing 515

Eyes on Housing

NOVEMBER 10, 2022

Rising mortgage rates, high inflation, ongoing building material supply chain disruptions, and elevated home prices contributed to housing affordability falling – yet again – to its lowest point since the Great Recession in the third quarter of 2022. According to the NAHB/Wells Fargo Housing Opportunity Index (HOI), just 42.2%

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Supply Chain Mortgage 167

Housing Wire

MAY 7, 2021

HousingWire spoke to housing market economists and mortgage industry veterans to get their take on how they believe the jobs report will impact the mortgage and housing industries. “Additionally, supply chain challenges across the economy are likely impeding the pace of activity and pushing up input costs for many employers.

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Eyes on Housing

JUNE 8, 2023

Solid nominal wage gains (unadjusted for inflation) combined with lower mortgage rates and home prices helped to boost housing affordability in the first quarter of 2023, but ongoing building material supply chain issues and expected cooling of wage growth signal ongoing concerns for affordability conditions in the year ahead.

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Supply Chain Mortgage 130

Eyes on Housing

JANUARY 20, 2022

Fueled by low mortgage interest rates and strong demand, annual existing home sales reached 15-year high in 2021, according to the National Association of Realtors (NAR).

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