Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% 12 compared to a week earlier.

Fixed-rate mortgage 532

Fixed-rate mortgage Mortgages New Construction Construction 532

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. for 30-year fixed-rate loans. for 30-year fixed-rate loans.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. 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.

Mortgages 476

Mortgages Fixed-rate mortgage Marketing MLS 476

Housing Wire

JUNE 4, 2024

But in states with higher home prices — particularly California , New Jersey and Hawaii — shopping around could provide even more substantial savings of $131,190, $127,125 and $115,947, respectively, over the lifetime of loans originated in these locations. 1 through May 6, 2024,” according to the methodology.

Mortgages 449

Mortgages Fixed-rate mortgage Loans Lending 449

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. but are well-established in Europe. ENERGY STAR 3.0

Fixed-rate mortgage 442

Fixed-rate mortgage Finance Investor Loans 442

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%. Mortgage loan application volume grew by 4.9%

Mortgages 476

Mortgages Fixed-rate mortgage Construction Banks 476

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. According to the MBA , mortgage applications decreased 9% across the board for the week ending January 27 compared to the week prior. Nik Shah, CEO of Home LLC.

Fixed-rate mortgage 396

Fixed-rate mortgage Mortgages Marketing Loan Officer 396

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. Mortgage rates are around 7.7%, the highest levels in over 20 years, and LOs across America are having to reset their strategies. There’s growing concern in the mortgage industry that rates could even touch 8% before they fall below 7%. Really struggling.

Loan Officer 435

Loan Officer Mortgages Fixed-rate mortgage Loans 435

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. Rates for jumbo loan balances (greater than $647,200) went from 6.14% to 5.97% in the same period. . ” Uptick in applications .

Mortgages 435

Mortgages Fixed-rate mortgage Loans New Construction 435

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%. Other indexes show higher rates.

Mortgages 435

Mortgages Fixed-rate mortgage Loans Construction 435

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

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

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 369

Fixed-rate mortgage Mortgages Loans New Construction 369

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 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. When you have an interest rate in the high 2% level and low 3% range, which many people do now, why would you want to sell your house?”

Loans 435

Loans Renovation Construction Mortgages 435

Housing Wire

JULY 20, 2023

Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. Homebuilder sentiment rose for the seventh consecutive month and new construction activity slightly pulled back as the cost of materials picked up.

Mortgages 367

Mortgages Fixed-rate mortgage New Construction Construction 367

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

JULY 19, 2024

could have on the broader reverse mortgage industry, HousingWire ’s Reverse Mortgage Daily (RMD) sat down with Leo Wong, partner and head of loan strategy at Waterfall Asset Management. To get a better idea of the potential impact that HMBS 2.0 Wong is also a member of the company’s investment committee.

Development 457

Development Industrial Mortgages Fixed-rate mortgage 457

Housing Wire

DECEMBER 8, 2022

Mortgage rates continued the downward trend this week amid signs that the U.S. The recent declines, however, have not been enough to convince borrowers to take out a home loan. Most investors expect that in its meeting next week, the Fed will hike rates by 50 bps instead. The same loan rates averaged 3.10% one year ago.

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

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 Independent mortgage companies have no such luxury.

Banks 418

Banks Mortgages Fixed-rate mortgage Loans 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. The gap peaked in November 2022, when the average note rate for new construction sales was one percentage point lower than the rate for existing home sales.

Debt-to-income ratio 448

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

Housing Wire

MARCH 3, 2022

As all participants in the mortgage industry know, securitization is a critical tool for making loans to homeowners at affordable rates. The process of bundling loans and separating risks makes available fixed-rate mortgages that are fully prepayable at borrowing costs well below other forms of debt.

Bankruptcy 394

Bankruptcy Investor Fixed-rate mortgage Loans 394

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

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. Student Loan Debt. 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

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

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 average U.S.

Mortgages 418

Mortgages Construction Loans Industrial 418

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. billion in loans over the first six months of 2022 — for total proceeds of $871.7 UWM’s loan production income of $296.5

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

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

RIS Media

FEBRUARY 10, 2022

Freddie Mac released its latest Primary Mortgage Market Survey (PMMS), which showed a notable uptick, as the 30-year fixed-rate mortgage (FRM) averaged 3.69%. Key findings: 30-year fixed-rate mortgage averaged 3.69% with an average 0.8 15-year fixed-rate mortgage averaged 2.93% with an average 0.8

Loans 98

Loans Fixed-rate mortgage Mortgages Construction 98

Marco Santarelli

APRIL 5, 2025

Mortgage rates, particularly for 30-year fixed-rate mortgages, often follow the trend of these Treasury yields. So, as tariffs and trade concerns create economic uncertainty, pushing investors towards bonds, we often see a corresponding decrease in mortgage rates.

Mortgages 95

Mortgages Principal Construction Investor 95

Marco Santarelli

APRIL 4, 2025

This yield is a crucial benchmark because it heavily influences the cost of borrowing for things like mortgages, especially the popular 30-year fixed-rate mortgage. Increased Construction Costs: Tariffs on materials like steel and lumber can significantly increase the cost of building new homes.

Mortgages 59

Mortgages Construction Due diligence Fixed-rate mortgage 59

RIS Media

FEBRUARY 17, 2022

Freddie Mac released its latest Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) reached an average of 3.92%, for the week ending February 17, 2022. Key findings: 30-year fixed-rate mortgage averaged 3.92% with an average 0.8 ®, Danielle Hale.

Fixed-rate mortgage 98

Fixed-rate mortgage Mortgages New Construction Construction 98

Realtor.com

MARCH 25, 2021

The 30-year fixed-rate mortgage averaged 3.17% for the week ending March 25, up eight basis points from the previous week, Freddie Mac reported Thursday. It’s the highest level the 30-year mortgage has reached since June of last year. Higher mortgage rates have yet to dampen demand among home buyers.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Marketing Investor 102

RIS Media

APRIL 21, 2022

Mortgage rates sailed past 5% this week with the 30-year fixed-rate mortgage averaging 5.11%, according to the latest Primary Mortgage Market Survey ® released by Freddie Mac Thursday. Key survey findings: 30-year fixed-rate mortgage averaged 5.11% with an average 0.8 realtor.com®’s

Fixed-rate mortgage 98

Fixed-rate mortgage Mortgages Sales Loans 98