Housing Wire

SEPTEMBER 21, 2023

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 7.19% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 6.29% a year ago at this time. 21, up one basis point from last week ’s 7.18%.

Mortgages 459

Mortgages Fixed-rate mortgage Loans Construction 459

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

FEBRUARY 29, 2024

Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 493

Mortgages Fixed-rate mortgage New Construction Construction 493

Housing Wire

APRIL 22, 2021

A year after issuing its first Single-Family Green Mortgage Backed Security on Earth Day 2020, Fannie Mae has now completed 25 transactions for the program, totaling $167 million in bonds backed by mortgages on newly constructed, energy-efficient homes.

Fixed-rate mortgage 447

Fixed-rate mortgage Finance Investor Loans 447

Housing Wire

SEPTEMBER 7, 2023

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 7.12% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 5.89% a year ago at this time. 7, down from last week ’s 7.18%.

Mortgages 476

Mortgages Fixed-rate mortgage Marketing MLS 476

Housing Wire

JULY 23, 2024

Strong new construction levels in the Sun Belt will ease prices in these markets while inventory remains tight in much of the Northeast and the Midwest, he said. Fannie now forecasts the 30-year fixed rate mortgage rate to average 6.8% Combined, the ESR Group expects total home sales to be 4.81 in 2024 and 6.4%

Fixed-rate mortgage 468

Fixed-rate mortgage New Construction Sales Construction 468

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% in 2022, up from 3.1%

Mortgages 508

Mortgages Fixed-rate mortgage Construction Banks 508

Housing Wire

JUNE 17, 2021

The average 30-year fixed-rate mortgage fell three basis points from the week prior to 2.93%, according to data released Thursday by Freddie Mac ‘s PMMS. This marks the first time in over two months mortgage rates have fluctuated outside a five basis point range above or below 3%.

Mortgages 476

Mortgages Fixed-rate mortgage Construction Development 476

Housing Wire

FEBRUARY 1, 2023

According to the MBA , mortgage applications decreased 9% across the board for the week ending January 27 compared to the week prior. At the same time, the 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased one basis point to 6.19%. Nik Shah, CEO of Home LLC.

Fixed-rate mortgage 397

Fixed-rate mortgage Mortgages Marketing Loan Officer 397

Housing Wire

JUNE 4, 2024

The dataset was limited to users “who received two or more offers for 30-year, fixed-rate mortgages from lenders from Jan. LendingTree compiled this report based on data analysis from 34,009 users of its online loan marketplace. 1 through May 6, 2024,” according to the methodology.

Mortgages 457

Mortgages Fixed-rate mortgage Loans Lending 457

Housing Wire

JANUARY 10, 2022

The Federal Reserve has announced plans to gradually “taper” its supportive monetary policy: Net acquisitions of agency mortgage-backed securities are expected to cease by the end of March and the Federal Open Market Committee has signaled possibly three 25-basis point increases in the federal funds target by yearend 2022.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

JANUARY 19, 2024

Courtesy of Fannie Mae Overall, Fannie Mae expects that the slowly normalizing existing homes market, as well as additional housing supply from the construction of new homes, will help keep further home price growth in check in 2024. The ESR group expects the annualized pace of existing home sales to move up to 4.5 million in Q4 2023.

Mortgages 541

Mortgages Fixed-rate mortgage Sales Equity 541

Housing Wire

DECEMBER 20, 2022

“The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as the U.S. Rates for jumbo loan balances (greater than $647,200) went from 6.14% to 5.97% in the same period. .

Mortgages 435

Mortgages Fixed-rate mortgage Loans New Construction 435

Housing Wire

AUGUST 10, 2023

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 6.96% as of August 10, up from last week ’s 6.90%. By contrast, the 30-year fixed-rate mortgage was at 5.22% a year ago at this time.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

FEBRUARY 23, 2024

Recent data shows that the economy is booming, while the Federal Reserve is signaling that it will take its time before cutting benchmark interest rates. HousingWire’s Mortgage Rates Center showed the 30-year fixed-rate mortgage at 7.21% on Feb. Single-family permits in contrast edged up 1.6

Marketing 488

Marketing Fixed-rate mortgage Sales Mortgages 488

Housing Wire

OCTOBER 20, 2022

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. A year ago at this time, rates averaged 3.09%.

Mortgages 435

Mortgages Fixed-rate mortgage Loans Construction 435

Housing Wire

JULY 27, 2023

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 6.81% as of July 27, up from last week ’s 6.78%. By contrast, the 30-year fixed-rate mortgage was at 5.30% a year ago at this time.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans New Construction 370

Housing Wire

MARCH 27, 2023

The ongoing banking instability may affect the availability of jumbo mortgages and residential construction loans due to the high concentration of those originations stemming from small and mid-sized banks, Fannie Mae’s Economic and Strategic Research (ESR) Group said. While single-family housing starts rose 1.1%

Banks 397

Banks Lending Fixed-rate mortgage Construction 397

Housing Wire

MAY 30, 2023

New construction could be the beacon of light the housing market desperately needs right now, as home builders are gaining confidence amongst rising sales, hopefully soon to translate to more residential construction breaking ground in the coming months.” Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3%

Mortgages 435

Mortgages Fixed-rate mortgage Construction New Construction 435

Housing Wire

JANUARY 19, 2024

Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November. But we can’t blame high mortgage rates for the deficit in transactions last year. In 2023, 4.09 million units in December, down 1.0%

Fixed-rate mortgage 468

Fixed-rate mortgage Sales MLS Construction 468

Housing Wire

FEBRUARY 27, 2023

NAR expects the economy to continue adding jobs throughout 2023 and 2024, and the 30-year fixed rate mortgage to steadily drop to an average of 6.1% The NAR attributes this to the rising costs of land and construction materials. “In Despite the strong monthly increase, pending home sales are down 24.1% in 2023 and 5.4%

Sales 459

Sales Fixed-rate mortgage MLS Land 459

Housing Wire

JULY 19, 2024

Financing counterparties and balance-sheet participants can be more constructive on growth, putting capital where it’s necessary to grow the business.” Wong has also looked with interest at the addition of forward mortgage players expanding their product suites to include reverse mortgages, he said.

Development 459

Development Industrial Mortgages Fixed-rate mortgage 459

Housing Wire

SEPTEMBER 29, 2023

LOs told HousingWire that they were quoting borrowers in the mid-to-high 7% range for 30-year fixed-rate mortgages this week, even greater than the 7.31% figure reported by Freddie Mac on Thursday. 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

JULY 20, 2023

Homebuilder sentiment rose for the seventh consecutive month and new construction activity slightly pulled back as the cost of materials picked up. While the Federal Funds rate does not directly impact mortgage rates, it installs a floor beneath the cost of borrowing, meaning mortgage rates are likely to remain elevated for the time being.”

Mortgages 370

Mortgages Fixed-rate mortgage New Construction Construction 370

Housing Wire

AUGUST 3, 2023

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 6.90% as of August 3, up from last week ’s 6.81%. By contrast, the 30-year fixed-rate mortgage was at 4.99% a year ago at this time.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Sales 370

Housing Wire

MAY 11, 2023

Rates reflected a moderation in inflation and the banking crisis, and the consequent expectation that the Federal Reserve ( Fed ) is done hiking the federal funds rate. “While inflation remains elevated, its rate of growth has moderated and is expected to decelerate over the remainder of 2023. .”

Mortgages 418

Mortgages Fixed-rate mortgage Construction Banks 418

Housing Wire

DECEMBER 8, 2022

Inflation and labor market are slowing down, which means that the Federal Reserve does not need to increase the federal funds rate as aggressively as it did with the 75 basis point hikes from the last four meetings. Most investors expect that in its meeting next week, the Fed will hike rates by 50 bps instead.

Mortgages 397

Mortgages Fixed-rate mortgage Loans Construction 397

Housing Wire

SEPTEMBER 22, 2022

“Now the Fed has signaled that it will hike rates several more times this year and next year, so mortgage rates have plenty of room to go up even more.”. We do not see new construction returning in a meaningful way any time soon. “We do not see new construction returning in a meaningful way any time soon.

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. The 30-year fixed rate mortgages are expected to average 6.3% Barnes said.

Loans 435

Loans Renovation Construction Mortgages 435

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

Construction 397

Construction New Construction Fixed-rate mortgage Finance 397

Housing Wire

MARCH 20, 2023

Rate hikes have rocked the housing and mortgage markets What the data does clearly show is that rate hikes over the last 12 months have already rocked the housing and mortgage markets. In 2021, mortgage originations hit a record high of $4.4 trillion, and will fall to $1.87 trillion in 2023.

Banks 418

Banks Mortgages Fixed-rate mortgage Loans 418

Housing Wire

MAY 3, 2023

” Ahead of the Fed meeting, mortgage applications picked up this week as rates dropped slightly. On Wednesday afternoon, mortgage rates for 30-year fixed-rate mortgages were at 6.43%, according to HousingWire’s Mortgage Rates Center.

Banks 397

Banks Fixed-rate mortgage Loan Officer Mortgages 397

Housing Wire

SEPTEMBER 20, 2023

range on Wednesday morning, according to interest rate traders. of these investors bet officials will freeze the rate hike at the November 1st meeting. On Monday, mortgage rates for 30-year fixed-rate mortgages were at 7.21%, according to HousingWire‘s Mortgage Rates Center.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages Investor Finance 476

Housing Wire

AUGUST 24, 2023

in July from June to a seasonally adjusted annual rate of 4.07 In contrast, new home sales and construction, while choppy in recent months, have generally been on an upswing. In fact, somewhat softer housing construction and sales may be needed to make a soft landing possible,” according to the ESR group. This was 9.5%

Land 284

Land Sales Fixed-rate mortgage Construction 284

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. .

Industrial 435

Industrial Mortgages Fixed-rate mortgage Principal 435

Housing Wire

NOVEMBER 1, 2022

30-year fixed rate mortgages were at a historic 2.68% low as recently as December 2020 according to Freddie Mac , but skyrocketing property values pushed many frustrated buyers out of the market and into renting. Since 2008, major banks have pumped over $25 trillion into the global economy.

Fixed-rate mortgage 418

Fixed-rate mortgage Loans Banks New Construction 418

Housing Wire

DECEMBER 12, 2023

Meanwhile, inventory for new homes soared to levels last seen during the Great Financial Crisis as builders worked off the backlog accumulated from the pandemic’s construction boom. However, once rates and inventory levels started to rise thereafter, a growing gap emerged between the two series.

Debt-to-income ratio 448

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 448