Housing Wire

OCTOBER 13, 2021

The average closing costs for a single-family home increased 12.3% According to ClosingCorp, the average closing costs nationally came in at $6,837 including taxes and $3,836 excluding taxes. According to ClosingCorp, the average closing costs nationally came in at $6,837 including taxes and $3,836 excluding taxes.

Closing costs 334

Closing costs Closing Mortgages Industrial 334

Housing Wire

MAY 9, 2022

Closing costs for homeowners who jumped on the refi wave in 2021 increased at less than one-third the pace of closing costs for home purchases as homebuyers had to cope with a hot market that fueled higher home-sale prices and related settlement costs. How to avoid home closing delays in 2022.

Closing costs 370

Closing costs Closing Loans Title 370

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. of their loan amount to put toward closing costs, helping defray upfront costs. billion in the third quarter.

Closing costs 418

Closing costs Closing Agents Mortgages 418

HomeLight

OCTOBER 29, 2024

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Receive your offer in 24 hours and close in as few as 10 days.

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Closing costs Closing Title search Title 105

HomeLight

OCTOBER 28, 2024

One of the most important things that you should keep in mind is that there are several costs you’ll need to pay to finalize your sale. Nationwide, closing costs for sellers can range from 6% and 10% of a property’s sale price. Receive your offer in 24 hours and close in as few as 10 days. of your home’s sale price.

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Closing costs Closing Title Sales 105

Keeping Current Matters

MAY 17, 2021

Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia : “ When you close on a home, a number of fees are due.

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Closing costs Closing Title Land 292

Housing Wire

NOVEMBER 15, 2024

The Ohio-based builder is offering discounts of up to $20,000 on select homes in Greater Houston , along with no-cost 2/1 rate buydowns , and slashing prices by as much as $93,850 in other markets like Chicago. The discounts come as homebuilders’ confidence in the market remains muted.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

DECEMBER 9, 2024

After a year filled with rate swings, unpredictable markets and a bit of drama (thank you, inflation), the real estate world is ready for a fresh start. Whether youre looking to buy your first home, upgrade or simply gain clarity on the current market , this guide is your insiders playbook to tackle 2025 with confidence.

Mortgages 370

Mortgages FHA loan Closing costs Staging 370

Housing Wire

APRIL 22, 2025

Rates are still high and prices keep climbing, but were seeing expanded program offerings, new providers and greater flexibility in how funds are used not just for down payments but also to cover closing costs, lower the rate or meet other buyer needs, said Rob Chrane , founder and CEO of DPR.

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Closing costs Loans Closing Finance 289

Housing Wire

JANUARY 23, 2025

According to the release, Nigrinis and Zywicki analyzed how much widespread use of automated title risk assessments would lower consumer costs, promote greater transparency and increase industry competition. It is clear this program should continue and expand, a summary of the study states.

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Title Land Loans Closing costs 468

Housing Wire

DECEMBER 2, 2024

Wells Fargo announced on Monday that it has expanded its $10,000 down payment grant program for underserved borrowers to an additional 12 metro areas, more than a year after initially launching it in eight markets. “We program provides up to $5,000 in closing cost credits to borrowers with an income at or below 80% of the AMI.

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Lending Closing costs Banks Equity 397

Housing Wire

MARCH 27, 2025

For example, lenders will have lower origination costs and faster loan decision-making through direct-sourced data, while borrowers will benefit through reduced closing costs. FinLocker also explained that it aims to offer a “competitive edge in a challenging market with a tangible cost” for loan officers.

Mortgages 389

Mortgages Loan Officer Technology Loans 389

Housing Wire

MARCH 4, 2025

Sustaining the current levels of profits in the current real estate market with the current levels of inflation would not be reasonable as to the public, TDI explained. Every time a Texan buys a home, they will spend less on closing costs. Data shows an average profit ratio for Texas title insurers of 26.6%

Title 393

Title Closing costs Land Sales 393

HomeLight

OCTOBER 24, 2024

Ohio homeowners with a house on the market might get a slight surprise before they sign the final paperwork. Typically, a seller can expect to pay between 3% and 6% of a home’s sale price as commission, plus another 2% to 4% for closing costs , including taxes, settlement fees, and title fees.

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Closing costs Closing Title Sales 102

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. Additionally, the state’s 90-day average Altos Market Action Index score was 32.75 Altos classifies scores above 30 to be indicative of a sellers’ market.

Debt-to-income ratio 459

Debt-to-income ratio Marketing Closing costs Agents 459

Housing Wire

APRIL 7, 2025

In our community, many first-time buyers were using those to buy down interest rates or cover closing costs. Herrera shared a recent story of a young couple in Chicago who had been house-hunting for over six months, constantly outbid in a competitive market. These special purpose credit programs are now gone, she said.

Commercial 370

Commercial Title Closing costs Equity 370

Housing Wire

DECEMBER 16, 2024

The company has been in business since 1957 as we always say, we are a multigenerational company and that is not just a marketing phrase, Hanna said. of the loan amount) at settlement to use toward their closing costs. The biggest lesson this year was really just a reinforcement of something we kind of already knew.

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Brokerage Agents Technology Industrial 370

Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. What are closing costs for sellers?

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Closing costs Closing Seller concession Title 56

Housing Wire

SEPTEMBER 30, 2021

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Kansas City, Missouri. Become a member today. Already a member?

Marketing 370

Marketing Loan Officer Closing costs Inspection 370

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While each of these digital companies successfully addressed a problem in the market, other pain points still existed.

Marketing 397

Marketing Title Technology Closing costs 397

Housing Wire

SEPTEMBER 9, 2024

“We really think closing costs can be a significant obstacle to refinancing,” Chopra said at an AI and technology conference jointly hosted by ICE Mortgage Technology and the National Housing Conference at the New York Stock Exchange on Monday. At least when it comes to redundancies with refinancings, that is.

Mortgages 476

Mortgages Closing costs Title Technology 476

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I There is also some pent-up desire to sell being released by a steadier interest rate environment and an overall slower market.

Marketing 448

Marketing Seller concession Due diligence Days on market 448

Housing Wire

SEPTEMBER 22, 2022

These documents reveal critical details on loan terms, projected monthly payments, and how much the consumer will pay in fees and other costs to get their mortgage (closing costs),” Kalinski said. The post Lenders target growing Hispanic homeownership market appeared first on HousingWire.

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Marketing Loan Officer Loans Finance 370

Housing Wire

MARCH 21, 2024

Therefore, since FHA and Enterprise loans require their submission as condition of the mortgage loan, CHLA asks that these fees and the non-competitive nature of this market be scrutinized – and that whatever legal and appropriate actions that are available are pursued.” The CHLA said the employment verification market lacks competition.

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Closing costs Loans Title Finance 482

Housing Wire

FEBRUARY 5, 2024

Freddie Mac will offer a $2,500 credit for very low-income purchase borrowers to help with down payment and closing costs amid elevated interest rates and low housing supply. The credit can be used for down payments, closing costs, escrow and mortgage insurance premiums.

Mortgages 526

Mortgages Closing costs Finance Loans 526

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

Closing costs 488

Closing costs Development Equity Closing 488

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted.

Marketing 370

Marketing Residential Construction Sales 370

Housing Wire

SEPTEMBER 16, 2020

In an interview this week with HousingWire, the 40-year-old Ishbia dished on how the third quarter is shaping up , capacity limits in the mortgage industry, the likely impact of the upcoming adverse market fee , and the company’s latest low-rate mortgage product, a 30-year fixed cash-out refi at rates as low as 2.5%.

Mortgages 488

Mortgages Marketing Title Loans 488

Housing Wire

APRIL 12, 2023

None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. Of the 155 completed surveys, 32.3%

Mortgages 417

Mortgages Loan Officer Marketing Seller concession 417

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

Marketing 418

Marketing Residential Construction Mortgages 418

Housing Wire

JANUARY 29, 2021

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. While interest rates are expected to remain steady in 2021 , there will still be a low supply of houses on the market. The costs add up quickly.

Closing costs 482

Closing costs Mortgages Closing Marketing 482

Housing Wire

AUGUST 12, 2024

They are usually used to finance the down payment or closing costs and typically work in an 80-10-10 structure with the first mortgage covering 80% of the total cost, the piggyback covering 10% and the borrower paying the remaining 10%. economy and the strength of the job market.”

Loans 476

Loans FHA loan Equity Closing costs 476

Housing Wire

NOVEMBER 7, 2023

Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.” Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points.

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

JUNE 10, 2021

A concession is when the seller agrees to pay part of a buyer’s closing costs. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. Sellers also have to pay closing costs. This is usually done in an effort to convince the buyer to take the deal.

Seller concession 546

Seller concession Staging Closing costs Inspection 546

Housing Wire

JANUARY 24, 2024

Fannie Mae has announced updates to its HomeReady product, including a temporary $2,500 credit for very low-income purchase borrowers to use for down payment and closing costs. It allows lenders to lock in margins and reduce hedging costs.

Closing costs 497

Closing costs Loans Closing Mortgages 497

BAM Media

DECEMBER 19, 2024

BAM Key Details: Clever Real Estates latest report reveals that 49% of sellers and 41% of buyers believe 2025 will be a seller’s market, while 68% of buyers worry rising home prices will delay their purchase. If you ask buyers, sellers, and agents what 2025 holds for the housing market, youll get one clear answer: Its complicated.

Marketing 98

Marketing Closing costs Inspection Agents 98

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Market research backs that up. Scale for scalability’s sake doesn’t mean anything if a company has to contract at the first sign of market stress.

Lending 370

Lending Marketing Pre-qualification Pre-approval 370