Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. Inside Mortgage Finance reported that Santander residential production totaled $2.7 mortgage industry are in the past.

Banks 468

Banks Mortgages Fixed-rate mortgage Equity 468

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. Horton, Lennar Corp. and NVR Inc.

Fixed-rate mortgage 447

Fixed-rate mortgage Finance Investor Loans 447

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases.

Renovation 397

Renovation Fixed-rate mortgage Equity Finance 397

Housing Wire

AUGUST 29, 2024

In the second quarter, purchase loans were the most common type of mortgage in the U.S., of all mortgages. Refis followed with 33.8%, and home-equity lending made up 17.7%. to about 546,000; and home equity line of credit (HELOC) increased 26.5% million residential mortgages in Q2 2024, up from 1.31

Mortgages 433

Mortgages Fixed-rate mortgage Lending Residential 433

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

JANUARY 12, 2024

Nationwide, the share of homeowners with relatively low rates has fallen modestly from a record high of 92.8% homeowners with mortgages had an interest rate below 6%. To conduct this study , Redfin analyzed data from the Federal Housing Finance Agency ’s National Mortgage Database as of the third quarter of 2023.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Equity Finance 493

Housing Wire

JANUARY 5, 2024

Homeowners : Depending on the type of mortgage they have and their financial goals, rising or falling interest rates will affect homeowners differently. Refinancing into a fixed-rate mortgage may provide stability and consistency, although homeowners should be prepared for tighter lending restrictions.

Fixed-rate mortgage 468

Fixed-rate mortgage Agents Marketing Lending 468

Housing Wire

JANUARY 4, 2023

That’s because costs for borrowers were higher, reflecting the mortgage market’s response to the Federal Reserve ‘s tightening monetary policy. The MBA estimates the 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58% for the week ending December 30 from 6.42% in the previous week.

Mortgages 529

Mortgages Fixed-rate mortgage Loans Equity 529

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

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” I do think [HMBS 2.0]

Development 459

Development Industrial Mortgages Fixed-rate mortgage 459

Housing Wire

SEPTEMBER 27, 2023

. “The higher interest rate environment had profound effects on the mortgage market in 2022, with borrowers paying much more in monthly payments,” CFPB Director Rohit Chopra said in a statement. “These trends are likely to continue given further increases in interest rates in 2023.”

Debt-to-income ratio 459

Debt-to-income ratio Mortgages Fixed-rate mortgage Equity 459

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. There is a lot more inquiry for home equity line credit. People are afraid to give up that rate that has a three in front of their mortgage,” said Steinway. We are definitely seeing an uptick in demand.

Mortgages 482

Mortgages Fixed-rate mortgage Equity Loans 482

Housing Wire

FEBRUARY 15, 2024

Escrow accounts also frequently handle mortgage insurance payments as conventional loan borrowers with less than 20% equity in their homes are required to have mortgage insurance. Federal Housing Administration (FHA) borrowers must pay mortgage insurance for the life of their loan regardless of equity levels.

Fixed-rate mortgage 505

Fixed-rate mortgage Equity Mortgages Loans 505

Housing Wire

SEPTEMBER 16, 2022

UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage. Rocket said that a homebuyer with a $400,000, 30-year fixed rate mortgage with 5.75% interest would generally pay about $2,334 in principal and interest.

Mortgages 418

Mortgages Seller concession Fixed-rate mortgage Loans 418

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.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Loan Officer 370

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgages 418

Mortgages Equity Loans Seller concession 418

Housing Wire

DECEMBER 8, 2020

LIBOR is commonly used in setting the interest rate for many adjustable-rate consumer financial products and its end will affect adjustable and variable rate loans, reverse mortgages, credit cards, home equity loans, and adjustable-rate mortgages. How are lenders proceeding, then?

Fixed-rate mortgage 457

Fixed-rate mortgage Loans Mortgages Equity 457

Housing Wire

FEBRUARY 10, 2021

Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase. Pamela Perry.

Fixed-rate mortgage 370

Fixed-rate mortgage Equity Investor Development 370

Housing Wire

JANUARY 19, 2024

Courtesy of Fannie Mae Refinance mortgage origination volume will remain subdued as about 90% of outstanding Fannie Mae single-family conventional 30-year fixed rate mortgage loans currently have a note rate below 6%. “So, Of the total $1.98 trillion origination volume in 2024, $1.5 trillion in 2023.

Mortgages 541

Mortgages Fixed-rate mortgage Sales Equity 541

Housing Wire

JUNE 6, 2022

They will also work together to develop new products, such as a home equity line of credit (HELOC) and piggyback products. “We In early April, the company launched a cryptocurrency-backed 30-year fixed-rate mortgage product for borrowers to use bitcoin and/or ether as collateral. Per Crunchbase , Figure has raised $1.6

Fixed-rate mortgage 418

Fixed-rate mortgage Lending Technology Loans 418

Keeping Current Matters

FEBRUARY 4, 2021

In today’s housing market, there are clear financial benefits to owning a home: increasing equity , the chance to build your net worth , and appreciating home values, just to name a few. Personal finance advisor Dave Ramsey explains : “Every payment brings you closer to owning the house. You Won’t Always Have a Monthly Housing Payment.

Fixed-rate mortgage 331

Fixed-rate mortgage Equity Finance Mortgages 331

Housing Wire

AUGUST 10, 2023

The grant funds can only be used toward the down payment on a Wells Fargo fixed-rate conventional loan secured by a property that will be the purchaser’s primary residence. Mortgage , and/or Closing Cost Credit. Wells Fargo’s mortgage originations reached $7.8

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

Housing Wire

OCTOBER 16, 2023

.” With that, Broeksmit rattled off a number of grievances against foes the Beltway. Mortgage rates On the day Broeksmit addressed the crowd in Philadelphia, mortgage rates were north of 7.7% on a standard 30-year fixed-rate mortgage.

Banks 448

Banks Fixed-rate mortgage Lending Mortgages 448

Housing Wire

FEBRUARY 26, 2024

Higher value home markets could conceivably help facilitate more unique facets of reverse mortgage business, including proprietary products that can serve beyond the limits of the Home Equity Conversion Mortgage (HECM) program, or HECM for Purchase. Probably about 20-25% of my business has been that product.”

Marketing 448

Marketing Fixed-rate mortgage Loans Mortgages 448

Housing Wire

AUGUST 7, 2023

Without a strong secondary mortgage market supported by the federal government, lenders would be able to fund far fewer loans, and would likely flock to the most affluent areas in the country, leaving less-affluent markets with fewer options to finance a home. Fixed-rate mortgages provide stability and predictability.

Closing 370

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

Housing Wire

JUNE 6, 2024

The government-sponsored enterprise (GSE) also thinks the Federal Housing Finance Agency ( FHFA ) will encourage it to offer single-family, closed-end second mortgages if a Freddie Mac product under analysis is approved. We have rates at around 7% at the end of this year and closer to 6.5% by the end of next year.

Mortgages 487

Mortgages Pre-approval Equity Investor 487

Housing Wire

APRIL 14, 2022

The whole industry is going to struggle with the transition from refi to a purchase market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire. That is why, so far, California-based nonbank mortgage lender Pennymac has been the leader in purchase originations, with $106.3

Mortgages 526

Mortgages Marketing Lending Loans 526

Marco Santarelli

MARCH 22, 2025

Freddie Mac , who keeps a close eye on these things, tells us that as of March 20, 2025, the average rate for a 30-year fixed-rate mortgage is 6.67%. For those looking at a 15-year fixed-rate mortgage , the average is 5.83% , again with a small bump up from the previous week (0.03%).

Mortgages 98

Mortgages Fixed-rate mortgage Equity Investor 98

Housing Wire

AUGUST 29, 2022

billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. His tangible net worth ratio (a proxy of how much equity you have relative to your total assets) is just under 30%.

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

Housing Wire

OCTOBER 13, 2022

Independent mortgage banks (IMBs) account for nearly 74% of agency mortgage originations, which is the bulk of the market, according to a recent report by the Urban Institute ’s Housing Finance Policy Center (HFPC). The firm specializes in asset-backed credit, whole loans and private equity.

Mortgages 370

Mortgages Marketing Banks Loans 370

Marco Santarelli

DECEMBER 20, 2024

With a better financial profile, you might qualify for a loan with a shorter term, helping you build equity faster and own your home sooner. Adjustable-Rate Mortgage (ARM) concerns : If you have an ARM, the interest rate can change over time, potentially increasing your monthly payments.

Mortgages 92

Mortgages Fixed-rate mortgage Loans Principal 92

Housing Wire

JULY 26, 2023

Ahead of the Fed meeting, mortgage applications fell last week, recording the lowest index of purchase applications in over a month. On Tuesday afternoon, mortgage rates for 30-year fixed-rate mortgages were at 6.87%, according to HousingWire‘s Mortgage Rates Center.

Fixed-rate mortgage 370

Fixed-rate mortgage Investor Mortgages Banks 370

Housing Wire

DECEMBER 29, 2023

“It finally seems like we are turning a corner and that’s good news after two years of the Fed’s negative perspective that we’ve heard,” Max Slyusarchuk, CEO of A&D Mortgage , said in an interview. Home equity is really a no-brainer today.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Marco Santarelli

APRIL 1, 2025

For the benchmark 30-year fixed-rate mortgage , we're looking at an average of 6.55%. Now, four basis points might sound small, but in the world of mortgages, every little bit counts. The 15-year fixed-rate mortgage has seen an even more significant drop, falling by eight basis points to an average of 5.83%.

Fixed-rate mortgage 88

Fixed-rate mortgage Mortgages Loans Equity 88

Marco Santarelli

JANUARY 25, 2025

Thus, larger down payments typically secure better rates. Loan Type and Structure Fixed-rate mortgages tend to have higher initial rates than adjustable-rate mortgages (ARMs), but they provide stability against future rate hikes. Whats Next?

Mortgages 98

Mortgages Fixed-rate mortgage Loans Finance 98

Marco Santarelli

DECEMBER 22, 2024

Mortgage refinance rates hold significant importance for homeowners who aim to lower their monthly payments or leverage their home equity for new financial opportunities. As of December 22, 2024, the average 30-year fixed refinance rate stands at 6.71% , down just 1 basis point from the previous day.

Mortgages 52

Mortgages Fixed-rate mortgage Equity Loans 52

HomeLight

OCTOBER 30, 2023

According to FreddieMac, The 30-year fixed-rate mortgage is preferred by almost 90% of homebuyers due to its combination of affordability and flexibility, making it the top choice. So, selling your house with one mortgage still in repayment is the norm. Get Estimate What if you took out a second mortgage?

Equity 111

Equity Loans Mortgages Fixed-rate mortgage 111