Housing Wire

MAY 2, 2022

While the annual home price growth reflects a slowdown in March after accelerating for the previous four months, home prices are up about 6% nationwide year-to-date and the 30-year mortgage interest rate of 5.11% as of April 21 continued to propel a lack of affordable homes. “As percentage points of the prior record,” Graboske added.

Fixed-rate mortgage 448

Fixed-rate mortgage Principal Mortgages Finance 448

Housing Wire

JUNE 5, 2023

of the median household income to make principal and interest (P&I) payments on the median-priced home purchased with 20% down and a 30-year fixed-rate mortgage. Mortgage rates averaged 6.79% as of June 1, according to Freddie Mac , up 22 basis points from 6.57% the week prior. It now takes 34.2%

Fixed-rate mortgage 418

Fixed-rate mortgage Principal Mortgages Marketing 418

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. When interest rates hovered around 8%, it really hurt affordability,” Steinway said. So if you look macro versus micro, you’re going to get a very different picture,” said Shane Kidwell, CEO of Dwell Mortgage. “We

Mortgages 482

Mortgages Fixed-rate mortgage Equity Loans 482

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. In early January, rates were as low as 3.4%. trillion in 2023.

Marketing 448

Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. The mortgage industry is different from 14 years ago.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Loan Officer 370

Housing Wire

MAY 5, 2022

billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 billion, according to a presale report by Kroll Bond Rating Agency (KBRA). The weighted average interest rate for the loan pool is 3.13%. Morgan Chase Bank , 6.9%; and Wells Fargo , 4.8%.

Principal 370

Principal Fixed-rate mortgage Loans Residential 370

Housing Wire

JUNE 13, 2022

Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $725 million in mortgage-risk coverage as part of the agency’s ongoing effort to share risk with private-sector insurers. The covered mortgage loan pools in the six transactions include a total of some 459,000 mortgage loans valued at $139.3

Fixed-rate mortgage 397

Fixed-rate mortgage Loans Principal Mortgages 397

Housing Wire

JUNE 7, 2023

High home prices and mortgage rates are continuing to constrain affordability in housing markets nationwide. of the median household income to make principal and interest (P&I) payments on the median-priced home purchased with 20% down and a 30-year fixed-rate mortgage. points in May to 65.6.

Fixed-rate mortgage 370

Fixed-rate mortgage Principal Mortgages Marketing 370

Keeping Current Matters

MAY 27, 2021

Renters pay a higher percentage of their income toward their rental payment than homeowners pay toward their mortgage. A mortgage payment is forced savings ; it goes toward building equity you will likely get back when you sell your home. Your mortgage payment remains relatively the same over time.

Fixed-rate mortgage 306

Fixed-rate mortgage Principal Mortgages Equity 306

Housing Wire

JUNE 26, 2023

Sixteen percent of home modifications in Q1 were modifications with principal forbearance, the report said. The number of refinances decreased amid rising mortgage rates from 111,251 in the fourth quarter of 2022 to 78,445 in the first quarter of 2023.”

VA loan 370

VA loan FHA loan Fixed-rate mortgage Principal 370

Housing Wire

OCTOBER 26, 2023

David Spector, chairman and CEO, told analysts that the company had “outstanding results” even as mortgage rates neared 8% in Q3. According to Spector, many of the borrowers who are locked in a low, fixed-rate mortgage are incentivized to stay in their homes. billion in unpaid principal balance (UPB) as of Sept.

Fixed-rate mortgage 448

Fixed-rate mortgage Principal Banks Loans 448

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. homeowners.

Equity 418

Equity Fixed-rate mortgage Principal Mortgages 418

Housing Wire

APRIL 8, 2021

When you make a mortgage payment, part of that money goes toward the principal balance. The longer you live there and pay down the mortgage, the greater your stake in the property’s value. Or maybe they weigh the responsibility as not worth the reward. . The Financial Benefits of Owning Your Own Home.

Equity 435

Equity Fixed-rate mortgage Principal Mortgages 435

Housing Wire

SEPTEMBER 17, 2021

Despite pressure from some notable economic experts for an increase in the Fed funds rate to combat inflation, the Federal Reserve has held fast to its existing zero interest rate policy, otherwise known as ZIRP. Thus, lenders can and should expect continued volatility in mortgage rates through the end of 2021 and into 2022.

Marketing 435

Marketing Fixed-rate mortgage Mortgages Principal 435

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. homeowners.

Equity 397

Equity Fixed-rate mortgage Principal Loans 397

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

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Housing Wire

SEPTEMBER 22, 2022

Mortgage rates have nearly doubled to around 6.5% Following the Fed’s decision to raise interest rates by an additional 75 basis points on Wednesday, the central bank said it will hike rates as high as 4.6% Interest rates can move higher as the economy stays firm, Logan Mohtashami, Lead Analyst at HousingWire said.

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Keeping Current Matters

FEBRUARY 23, 2021

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months.

Mortgages 326

Mortgages Fixed-rate mortgage Principal Loans 326

Keeping Current Matters

MAY 20, 2021

Census , over 38% of owner-occupied homes are owned free and clear, meaning they don’t have a mortgage. Those with a mortgage are seeing their equity skyrocket too. As of January 2021, there were: 452,122 loans with an average mortgage rate of 6.17%. 1,027,834 loans with an average mortgage rate of 4.39%.

Equity 318

Equity Principal Fixed-rate mortgage Loans 318

Housing Wire

MARCH 20, 2023

It is often said that the Fed raises interest rates until something breaks. Much as the Fed was blind to the liquidity crises created by its rapid pace of rate increases, we believe the Fed has also failed to appreciate how severely its actions have imperiled the housing market. In 2021, mortgage originations hit a record high of $4.4

Banks 418

Banks Mortgages Fixed-rate mortgage Loans 418

Housing Wire

NOVEMBER 2, 2022

Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement. The Fed’s short-term rate does not directly impact long-term mortgage rates, but it does steer market activity to create higher rates and reduce demand. .

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Industrial Mortgages Fixed-rate mortgage Principal 435

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It There’s still going to be a lag.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Housing Wire

AUGUST 11, 2022

Likewise, Atlanta-based A ngel Oak Mortgage Inc. , a real estate investment trust focused on nonqualified mortgages, or non-QM, recently announced that it was struggling with red ink — recording a net loss of $52.1 a long-term player in the non-QM mortgage market. AOMR is a publicly traded REIT that is part of Angel Oak Cos.,

Mortgages 397

Mortgages Residential Loans Lending 397

Marco Santarelli

MARCH 14, 2025

As of March 14, 2025 , the average rate for a 30-year fixed mortgage is around 6.49%. While rates have fluctuated, they are currently slightly below the 52-week average.It's been a bit of a rollercoaster ride watching mortgage rates lately. You'll encounter two primary types of rates: fixed and adjustable.

Fixed-rate mortgage 93

Fixed-rate mortgage Mortgages Loans Finance 93

Marco Santarelli

DECEMBER 20, 2024

Here's the straightforward answer: The best time to refinance is when interest rates are lower than your current rate, or when your financial situation has improved, allowing you to secure a better loan term. When is the Best Time to Refinance Mortgage? Refinancing to a fixed-rate mortgage provides stability and predictability.

Mortgages 92

Mortgages Fixed-rate mortgage Loans Principal 92

Marco Santarelli

MARCH 17, 2025

Current Mortgage Rates on March 17, 2025 If you're shopping for a mortgage right now, it's crucial to know where interest rates stand. As of today, March 17, 2025, data from Zillow shows that mortgage rates have been inching upwards. This lower rate is one of the big draws of a 15-year mortgage.

Mortgages 72

Mortgages Fixed-rate mortgage Principal Loans 72

Marco Santarelli

MARCH 2, 2025

Mortgage rates are a crucial aspect of home buying. As of today, March 2, 2025, mortgage rates are around 6.30% , marking a significant drop from earlier months due to shifts in the economic landscape. 15-Year Rates: These stand at about 5.60% , appealing for borrowers wanting lower long-term interest costs.

Mortgages 105

Mortgages Fixed-rate mortgage Loans Principal 105

Marco Santarelli

MARCH 30, 2025

Focus on Financial Health: Improving your credit score and lowering your debt-to-income ratio are key factors in securing a lower mortgage rate. Current Mortgage Rates on March 30, 2025 For those looking to purchase a home, understanding the current landscape of interest rates is crucial.

Mortgages 64

Mortgages Principal Fixed-rate mortgage Debt-to-income ratio 64

Marco Santarelli

MARCH 15, 2025

Mortgage Rates Today, March 15, 2025: Rates Edge Higher After Inflation Data Key Takeaways: Mortgage rates are up today across the board. The 30-year fixed rate is currently at 6.59%. The 15-year fixed rate has climbed to 5.93%. Recent inflation data is influencing the rate hike.

Mortgages 52

Mortgages Principal Fixed-rate mortgage Loans 52

Marco Santarelli

MARCH 29, 2025

As of today, March 29, 2025, mortgage rates have generally decreased compared to the beginning of the year. This dip offers a potential window for securing a more favorable interest rate on your home loan or refinance. The 30-year fixed mortgage rate is currently at 6.59% , down three basis points.

Mortgages 52

Mortgages Fixed-rate mortgage Principal Loans 52

Marco Santarelli

MARCH 8, 2025

Well, based on the latest data from early March 2025, you could be looking at a principal and interest payment of around $3,200 to $3,300 for a 30-year fixed-rate mortgage. Let's dig deeper and explore what makes up that monthly mortgage bill and what you should consider as you plan your home purchase.

Mortgages 59

Mortgages Fixed-rate mortgage Principal Loans 59

Marco Santarelli

MARCH 16, 2025

Are you keeping an eye on mortgage rates today? For March 16, 2025, the news is that mortgage rates have seen a slight uptick. According to the latest data from Zillow, the average 30-year fixed mortgage rate has nudged up to 6.59% , an increase of 10 basis points.

Mortgages 52

Mortgages Fixed-rate mortgage Principal Loans 52

Marco Santarelli

MARCH 11, 2025

As of today, March 11, 2025, mortgage rates are showing signs of fluctuation, with the 30-year fixed interest rate increasing slightly to 6.34% , while the 15-year fixed rate has decreased to 5.62%. They directly affect monthly mortgage payments and the overall cost of purchasing a home.

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Fixed-rate mortgage Mortgages VA loan FHA loan 52

Housing Wire

AUGUST 29, 2022

After two golden years in the mortgage market during the pandemic period, refis have dried up and the industry has since pivoted toward a purchase market. There is no magic bucket of money,” said Brian Hale, founder and CEO at Mortgage Advisory Partners. “I don’t have on my board my goal is to be the No. million, including $216.2

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Loan Officer Loans Equity Mortgages 435

Marco Santarelli

DECEMBER 27, 2024

As of December 27, 2024, todays mortgage rates reflect a notable increase, with the average 30-year fixed mortgage rate at 6.85%. For those considering buying or refinancing a home, comprehending the current mortgage environment is essential.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Loans Principal 52

Marco Santarelli

JANUARY 21, 2025

Specifically, the average rates for 30-year fixed, 15-year fixed, and adjustable-rate mortgages have risen. If you are looking to enter the housing market or refinance, understanding these rate changes is vital for making informed decisions. Refinance Consideration : The 30-year refinance rate is at 7.10%.

Mortgages 98

Mortgages Fixed-rate mortgage Loans Principal 98

Marco Santarelli

JANUARY 1, 2025

Mortgage rates are a hot topic for anyone looking to buy a home or refinance an existing mortgage. As of January 01, 2025, the average mortgage rate for a 30-year fixed loan is 7.01%. Refinance Rate : 7.01% for a 30-year refinance, indicating stable rates compared to purchase mortgages.

Mortgages 97

Mortgages Loans Fixed-rate mortgage Closing costs 97