Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. That represents an aggregate gain of $1.1

Lending 431

Lending Inventory Mortgage Finance 431

Housing Wire

JANUARY 9, 2023

Does that mean we are heading back to all-time lows in inventory again for 2023? Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer. That’s a big one-week change.

Inventory 526

Inventory Housing Market Marketing New Listings 526

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. in October from the prior month , reaching a seasonally adjusted annual rate of 3.79 lower than October 2022 when inventory was at 1.22 Existing-home sales dropped 4.1%

Inventory 388

Inventory Realtors New Listings Contracts 388

Housing Wire

JANUARY 16, 2023

Mortgage rates fell along with bond yields, showing that mortgage rates peaked on Oct. With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market. Housing inventory increased by 1,339 homes nationwide.

Inventory 532

Inventory Housing Market Marketing Mortgage 532

Housing Wire

DECEMBER 1, 2023

Now he is off the sideline because a 5% down payment is completely doable,” said Krichmar, a mortgage banker at Legend Lending Corporation. Based on annual changes to an index of national home prices, conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac on one-unit properties will be $766,550 in 2024.

Finance 396

Finance Buyers Mortgage Inventory 396

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Fitch Ratings expects a challenging 2023 — at least in the near term — while the industry right-sizes from the $4 trillion production volume that occurred during the pandemic boom years.

Housing Market 423

Housing Market Marketing Insurance Mortgage 423

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Interest rates can move higher as the economy stays firm, Logan Mohtashami, Lead Analyst at HousingWire said. .”

Mortgage 409

Mortgage Loan Officers Buyers Inventory 409

Housing Wire

APRIL 16, 2023

Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number. Mortgage rates didn’t move too much last week but ended the week on a higher note at 6.50%.

Inventory 526

Inventory Housing Market Marketing New Listings 526

Housing Wire

MARCH 2, 2023

Temperatures are rising, the sun is setting later, and the daffodils are starting to peek their green leaves out of the earth — spring is coming. And just like the bears who are starting to wake up from their long winter naps, homebuyers and sellers are coming out of hibernation… or at least they normally do. What happened to ‘normal’?

Real Estate Agent 374

Real Estate Agent Inventory Real Estate Agents 374

Housing Wire

DECEMBER 2, 2020

But if a vaccine is rolled out quickly, it could lead to “better than expected sales” and an increase in home prices and inventory. Buyers may finally have a better selection of homes to choose from later in the year, but will face a renewed challenge of affordability as prices stay high and mortgage rates rise.”.

Housing Market 513

Housing Market Marketing Inventory Buyers 513

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. . million in August.”

Inventory 446

Inventory Housing Market New Listings Mortgage 446

Housing Wire

JANUARY 29, 2021

Last year, buyer demand increased due to record low mortgage rates. That said, because of those low mortgage rates, and fewer houses on the market, home prices went up. To put it simply, the last half of 2020 was a seller’s market. Low-interest rates are great for potential buyers. But will 2021 be the same?

Property Taxes 454

Property Taxes Sellers Buyers Mortgage 454

Housing Wire

DECEMBER 20, 2022

It is of little surprise to housing market prognosticators and participants alike that the biggest housing trend in 2022 was the market’s response to the record-breaking increase in mortgage rates, as the Federal Reserve tightened monetary policy to tame inflation. Headline Inflation is Over-Served. Core services, excluding shelter.

Housing Market 356

Housing Market Mortgage Sellers Buyers 356

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The survey also indicates a large dispersion in rates, meaning that homebuyers can save hundreds of dollars by shopping around with different lenders.

Buyers 453

Buyers Mortgage Loan Officers Retail 453

Housing Wire

APRIL 1, 2024

And with rising home prices and the growing burden of traditional mortgage debt, homeowners are looking to tap into their home equity without taking on additional debt.” The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market.

Finance 384

Finance Investing Real Estate Agent Real Estate 384

Housing Wire

NOVEMBER 23, 2022

Recent declines in mortgage rates, which are due to a slowdown in inflation growth, have been enough to convince some borrowers to apply for new home loans, according to recent data on mortgage applications. . Rates averaged 3.10% at this time one year ago. ” Other indexes show rates are slowly declining as well.

Mortgage 458

Mortgage Buyers Sellers Marketing 458

Housing Wire

JUNE 9, 2022

Interest rates jumped by more than 2 percentage points over the first quarter of 2021. That bolt-like spike in rates put many mortgage lenders into crisis mode. Lenders saw the value of agency loans made at lower rates — in the 3% range — in 2021 and early January 2022 drop precipitously over the course of the first quarter.

Marketing 362

Marketing Contracts Technology Mortgage 362

Housing Wire

NOVEMBER 10, 2022

Consumer prices continued to rise in October, but at a slower annual pace, suggesting that the Federal Reserve’s interest rate hikes are having an impact on consumer spending habits. Despite these increases, the rise in the shelter index is largely responsible for the 0.3% The Consumer Price Index (CPI) rose by 7.7%

Housing Market 383

Housing Market Mortgage Marketing Sellers 383

Housing Wire

OCTOBER 29, 2020

mortgage rate for a 30-year fixed loan remained steady this week, gaining one basis point to 2.81%, Freddie Mac said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.32%, falling from last week’s 2.33%. The post Mortgage rates remain steady, rise to 2.81% appeared first on HousingWire.

Mortgage 403

Mortgage Transportation Construction Sellers 403

Housing Wire

FEBRUARY 3, 2022

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. In the process, a historic $9 trillion of mortgage loans were closed over two years. At the same time, the unemployment rate has decreased to below 4% in December, and a record 4.5

Housing Market 406

Housing Market Marketing Supply Chain Mortgage 406

Housing Wire

JULY 27, 2022

through its Angel Oak Mortgage Trust conduit, recently unveiled its latest private-label securitization (PLS) offering — a deal slated to close in early August backed by 788 predominately non-QM loans valued at $362 million. through its affiliated companies, including real estate investment trust, or REIT, Angel Oak Mortgage Inc. .

Marketing 360

Marketing Investors Mortgage Finance 360

Housing Wire

JUNE 25, 2023

The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Mortgage rates were again in a small range, hanging near 7%. Purchase apps had a small week-to-week gain. Nothing good is happening in housing when days on market are so low.

Inventory 406

Inventory Housing Market Marketing New Listings 406

Housing Wire

JUNE 10, 2022

We can’t just show homes; we have to be a professional real estate business, which means being able to have real conversations when buyers and sellers ask us questions like, “Did we miss the market?” “Are This article comes at the same problem from a different angle: a mortgage application perspective.

Sellers 382

Sellers Housing Market Inventory Buyers 382

Housing Wire

MAY 3, 2022

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. Logan Mohtashami: Yes, purchase application data has always been a useful forward looking indicator for housing, especially when we are dealing with higher mortgage rates.

Housing Market 377

Housing Market Marketing Inventory Mortgage 377

Housing Wire

JULY 29, 2022

Even though sellers’ median valuations in each of these housing markets grew by an astounding 40% or more over the previous year, only one market, Panama City, Florida, saw a year-over-year increase in the number of homes newly listed for sale. The end of seller speculation in the housing market is long overdue and welcome news for buyers.

Housing Market 398

Housing Market Sellers Marketing New Listings 398

Housing Wire

OCTOBER 19, 2022

With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers. HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage lenders can leverage credit to help make homeownership more affordable.

Supply Chain 410

Supply Chain Tools Mortgage Marketing 410

Housing Wire

OCTOBER 13, 2022

In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond.

Mortgage 360

Mortgage Marketing Buyers Sellers 360

Empire Appraisal Group

NOVEMBER 30, 2023

By Kerry Smith Homeowners looking to downsize wonder if they should sell now before higher mortgage rates push home prices lower or hunker down with their 3%-range loan. But we also expect prices to stay high into next year,” Fairweather adds. © 2023 Florida Realtors® The post Should Downsizing Homeowners Cash In or Wait?

Buyers 78

Buyers Sellers Insurance Realtors 78

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.

Sellers 78

Sellers Buyers Home Value Marketing 78

Housing Wire

APRIL 6, 2021

With others waiting in line behind her, the seller wouldn’t budge on price. Set the expectation that they will need to come out of pocket with a substantial amount because the appraisals are slowly getting better, but they’ve not caught up yet. The seller decided to counter back multiple people at $445,000 + no contingencies.

Appraisal 539

Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S. across U.S.

Lending 416

Lending Mortgage Sellers Technology 416

Empire Appraisal Group

AUGUST 25, 2022

Rising mortgage rates means lower expectations for sellers. Source: Rising mortgage rates means lower expectations for sellers – Orange County Register (ocregister.com). They could be within reach if you can persuade sellers to come down a bit.

Sellers 78

Sellers Mortgage Agents Clients 78

Robinson Appraisal Group

NOVEMBER 25, 2022

Interest rates play a crucial role in the housing market. Lower rates typically promote an increase in demand for properties, this in turn drives up pricing, while on the flip side of that, higher interest rates reduce the demand since the costs of a mortgage increase deterring prospective home buyers.

Real Estate 88

Real Estate Buyers Investors Home Value 88

Boston Appraisal

JULY 6, 2020

COVID-19 Impact on the Mortgage Market One of the positive results of this global pandemic is the affect it has had on the U.S. mortgage market. On March 15, the Federal Reserve lowered the prime rate to zero in response to the corona virus outbreak. This is the lowest rate in 30 years.

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Boston Appraisal

JULY 6, 2020

COVID-19 Impact on the Mortgage Market. mortgage market. On March 15, the Federal Reserve lowered the prime rate to zero in response to the corona virus outbreak. This dropped 30-year mortgage rates to the floor – and we are happy to say that it stayed there. This is the lowest rate in 30 years.

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Raleigh Realty

MARCH 31, 2021

What Does Contingent Mean in Real Estate? A contingency clause doesn't necessarily mean all hope is lost for prospective buyers. Here is what contingent means in real estate: Without further ado let's jump in: What Does Contingent Mean in Real Estate? The seller does not have the ability to accept another offer.

Real Estate 148

Real Estate Sellers Contracts Buyers 148

Birmingham Appraisal

JULY 27, 2022

The smell of a market shift is in the air but what does this mean for the average buyer? The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers. Will the rate increase be beneficial to buyers? After all, a higher interest rate will result in a higher mortgage payment.

Buyers 88

Buyers Inventory Sellers Appraisal 88