Housing Wire

AUGUST 26, 2021

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.91%.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Loans Construction 493

Housing Wire

SEPTEMBER 23, 2021

HousingWire spoke to Sage Nichols about some of the current trends and technology in mortgage underwriting and how CoreLogic’s Complete Collateral is helping underwriters work more efficiently. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%. Presented by: CoreLogic.

Mortgages 476

Mortgages Fixed-rate mortgage Construction Banks 476

Housing Wire

OCTOBER 15, 2021

Economists at Fannie Mae expect an increase mortgage rates and home prices in 2022 due to higher inflation , a tightening of monetary policy, and low home inventory. Fannie Mae in its October economic forecast said it expects the 30-year fixed rate mortgage to average 3.3% million sales in 2021.

Mortgages 508

Mortgages Fixed-rate mortgage Construction Banks 508

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 486

Mortgages Fixed-rate mortgage MLS Staging 486

Housing Wire

JANUARY 21, 2022

Sam Khater, chief economist at Freddie Mac, said in a statement that the “combination of a large number of entry-level homebuyers facing a shortage of entry-level inventory of homes for sale should keep the housing market competitive.”. The report also added that home sales are projected to hit 6.9 in 2021 to 6.2% million in 2023.

Fixed-rate mortgage 482

Fixed-rate mortgage Mortgages Lending Sales 482

Housing Wire

APRIL 17, 2024

Mortgage rates hold major power in the housing industry; most importantly, high rates exacerbate the current affordability crisis by walloping the buying power of would-be buyers and discouraging some would-be sellers – those with low, fixed-rate mortgages – from listing their homes, a drain on available inventories.

Mortgages 493

Mortgages Fixed-rate mortgage Banks Residential 493

Housing Wire

APRIL 14, 2022

.” The gulf between the average 30-year-fixed rate conforming mortgage and a 30-year jumbo, a product for wealthier borrowers, widened to 42 basis points, according to Black Knight ‘s Optimal Blue OBMMI pricing engine, which considers refinancings and additional data from the Mortgage Bankers Association (MBA).

Mortgages 448

Mortgages Fixed-rate mortgage Banks Renovation 448

Housing Wire

FEBRUARY 10, 2021

Nunnink joined Freddie Mac in 2012 in production and sales where she led the development of several of Freddie Mac Multifamily’s more innovative offerings. Before that, Nunnink held various production roles for banks and investment groups.

Equity 529

Equity Fixed-rate mortgage Investor Development 529

Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. It was the expectation that the U.S.

Mortgages 488

Mortgages Fixed-rate mortgage Investor Loans 488

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. 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.

Marketing 448

Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

Housing Wire

MAY 26, 2022

Minutes from the Fed’s meeting earlier this month released Wednesday showed policymakers emphasized the need to quickly raise interest rates to bring consumer prices closer to the Fed’s 2% goal. The Fed also has repeatedly signaled it will raise rates six times in 2022, and likely several more in 2023. million in 2021.

Mortgages 468

Mortgages Fixed-rate mortgage Banks Loans 468

Housing Wire

MAY 19, 2022

The MBA data show far fewer home sales and mortgage originations in 2022 than a year ago. Meanwhile, the MBA expects 5.934 million home sales in 2022, compared to 6.127 million in 2021. Mortgage rates are following the Federal Reserve ’s (Fed) inflation-fighting monetary policy. trillion this year, compared to $3.9

Mortgages 488

Mortgages Fixed-rate mortgage Banks Loans 488

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. What to expect with the Fed ?

Mortgages 370

Mortgages Fixed-rate mortgage Banks Investor 370

Housing Wire

JUNE 2, 2022

Minutes from the Fed’s meeting earlier this month released Wednesday showed policymakers emphasized the need to quickly raise interest rates to bring consumer prices closer to the Fed’s 2% goal. The central bank raised the interest rate by a half percentage point on May 4 and unveiled a plan to reduce its $9 trillion asset portfolio.

Mortgages 459

Mortgages Fixed-rate mortgage Banks Loans 459

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. BlackRock Financial Market Advisory has led the sales process.

Marketing 392

Marketing Banks Fixed-rate mortgage Investor 392

Housing Wire

APRIL 19, 2023

As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. Overall, mortgage applications fell last week by 8.8% from 12.8%

Mortgages 396

Mortgages Marketing Fixed-rate mortgage Loans 396

Housing Wire

MAY 3, 2023

The Federal Reserve (Fed) raised its key federal funds rate for the 10th consecutive time, announcing a 0.25% rate hike Wednesday to 5% to 5.25%, a level they have not reached since 2007. For months, the central bank said it needed to make additional changes before it took its foot off the gas. It represents a shift or sorts.

Banks 397

Banks Fixed-rate mortgage Loan Officer Mortgages 397

Housing Wire

OCTOBER 8, 2021

Despite average 30-year mortgage rates that have remained below 3% for most of 2021, the rapid home price increases are eroding affordability for average wage earners. Even with an average 30-year fixed rate mortgage of 2.84% in August , the 14.9% Home sales in August decreased 1.5% Among 75 U.S.

Renovation 543

Renovation Marketing Fixed-rate mortgage Mortgages 543

Housing Wire

MAY 3, 2023

Mohtashami anticipates that the Fed will push a pause on the interest rate hike in the next meeting, as the central bank is counting on credit getting tighter to create job recession. Federal regulators also seized First Republic Bank and sold it to JPMorgan Chase Bank earlier this week.

Mortgages 444

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage 444

Housing Wire

AUGUST 10, 2023

Eligible buyers can combine the bank’s grant with other programs including — Wells Fargo’s Dream. Mortgage , and/or Closing Cost Credit. Home prices are on the rise again, mortgage rates are over 7% and the lack of existing homes for sale continues to put pressure on first-time homebuyers.

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

Housing Wire

OCTOBER 26, 2023

According to Spector, many of the borrowers who are locked in a low, fixed-rate mortgage are incentivized to stay in their homes. Spector said banks are stepping back from the correspondent channel amid expectations of increasing capital requirements through the Basel III rules. In this channel, the company reached $23.9

Fixed-rate mortgage 446

Fixed-rate mortgage Principal Banks Loans 446

Housing Wire

SEPTEMBER 29, 2023

Higher down payments and surging monthly mortgage payments are throttling borrowers’ personal finances, and prospective buyers are turning to family members to gift funds or sign up to be non-occupant co-borrowers. There’s growing concern in the mortgage industry that rates could even touch 8% before they fall below 7%.

Loan Officer 435

Loan Officer Mortgages Fixed-rate mortgage Loans 435

Housing Wire

FEBRUARY 16, 2023

economy has remained resilient despite the Federal Reserve ‘s tightening monetary policy led to a substantial increase in mortgage rates last week. ” In January, inflation continued to climb well above the Fed’s target, at an annual rate of 6.4%. A year ago at this time, the same rates were at 3.92%.

Mortgages 435

Mortgages Fixed-rate mortgage Banks As-is 435

Housing Wire

APRIL 7, 2023

Musk went on to comment that the rise in defaults among commercial and residential loans could “hammer” banks. This remark comes on the heels of the collapse of Silicon Valley Bank on March 10, the second-biggest bank failure in U.S. When this back and forth was unfolding, mortgage demand rose 2.9%

Commercial 415

Commercial Banks Fixed-rate mortgage Residential 415

Housing Wire

JUNE 9, 2022

The housing market is incredibly rate-sensitive, consequently, demand again is pulling back, according to Khater. Overall, mortgage rates are following the Fed’s inflation-fighting monetary policy. The Fed also has repeatedly signaled it will continue to raise rates in 2022 and into 2023. million in 2021.

Mortgages 397

Mortgages Fixed-rate mortgage Loans Banks 397

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% Before the Federal Reserve raised the federal funds rate by 0.75 Existing home sales are down 19.9%

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

APRIL 7, 2022

“The increase in mortgage rates has softened purchase activity such that the monthly payment for those looking to buy a home has risen by at least 20% from a year ago.”. Refinance applications are in a free fall, as few borrowers these days have an incentive to change their current loans rates. mortgage points.)

Mortgages 397

Mortgages Fixed-rate mortgage Loans Residential 397

Housing Wire

MARCH 9, 2023

Interest rates on home loans, which were already ticking upward, jumped last week, and it’s adding affordability challenges to the market. Freddie Mac ‘s Primary Mortgage Market Survey (PMMS) showed the 30-year fixed-rate mortgage averaged 6.73% as of March 9, up eight basis points from last week’s 6.65%.

Mortgages 397

Mortgages Fixed-rate mortgage Land Loans 397

Housing Wire

NOVEMBER 1, 2023

Rates for a 30-year, fixed-rate mortgage are the highest in over 20 years and may stay elevated for some time. In many cases, that product may still be a fixed-rate mortgage. But you’ll have to integrate it with your point of sale (POS) on the back end.

Loans 428

Loans Fixed-rate mortgage Lending Loan Officer 428

Housing Wire

NOVEMBER 10, 2023

Many homebuyers are aware of the lack of inventory of existing homes for sale, he explained. Because of that, they want to avoid any potential bidding wars by getting back into the market earlier rather than waiting for mortgage rates to drop further. “It ” Where are mortgage rates headed? Speaking on Nov.

Mortgages 459

Mortgages Fixed-rate mortgage Loans Banks 459

Housing Wire

JUNE 29, 2022

Census Bureau report released late last week spurred a bout of optimism when it revealed that new-home sales jumped by nearly 11% month-over-month in May on a seasonally adjusted basis, after declining by 12% in April. On June 21], the National Association of Realtors said that existing-home sales declined for the fourth consecutive month.

Marketing 448

Marketing Fixed-rate mortgage Mortgages Sales 448

Housing Wire

MARCH 3, 2022

That’s because even as mortgage rates have fluctuated in recent days, they remain well above mortgage rates in prior months — really years — when the bulk of the MSRs were booked. Freddie Mac re ported on Thursday, March 3, that the 30-year fixed-rate mortgage averaged 3.76%, down from 3.89% a week prior.

Marketing 368

Marketing Fixed-rate mortgage Mortgages Loans 368

Housing Wire

SEPTEMBER 9, 2022

The frenetic pace of growth in nonagency issuance has since slowed, however, due to a variety of market pressures — chief among them the contraction of mortgage originations in the face of fast-rising interest rates. “In Less than one year later, in June 2022, the rate reached 5.8% …. “In

Marketing 432

Marketing Fixed-rate mortgage Bankruptcy Mortgages 432

Housing Wire

AUGUST 7, 2023

While banks also have the capacity to make loans and hold them on their balance sheets, the majority sell most or all of their loans to secondary providers. is one of the few places in the world where you can get a fixed-rate mortgage amortized over 30 years. Fixed-rate mortgages provide stability and predictability.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Housing Wire

FEBRUARY 10, 2021

Nunnink joined Freddie Mac in 2012 in production and sales where she led the development of several of Freddie Mac Multifamily’s more innovative offerings. Before that, Nunnink held various production roles for banks and investment groups.

Fixed-rate mortgage 370

Fixed-rate mortgage Equity Investor Development 370

Housing Wire

AUGUST 11, 2022

Since the beginning of the year, rates are up more than 2 percentage points — with the most recent P rimary Mortgage Market Survey from Freddie Mac showing the conforming 30-year fixed-rate mortgage with an average rate of 5.22%. . NYSE: WMC), the story is similar, though arguably more dire.

Mortgages 397

Mortgages Residential Loans Lending 397