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

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Equity 459

Equity Lending Fixed-rate mortgage Loans 459

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

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. TD Bank ’s HELOC Trend Watch survey found that 43% of homeowners who are planning to renovate intend to use a HELOC or home equity loan to finance the project. Residential Lending at TD Bank.

Renovation 397

Renovation Fixed-rate mortgage Equity Finance 397

Housing Wire

MARCH 23, 2022

Interest in residential mortgage loans fell 8.1% for the week ending March 18 as mortgage rates rose to 4.5%, the highest level in years, according to the Mortgage Bankers Association ‘s latest survey. The MBA found that the refi share of mortgage activity decreased to 44.8% the previous week.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Equity 370

Housing Wire

AUGUST 24, 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 7.23% as of August 24, up from last week ’s 7.09%. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time.

Mortgages 370

Mortgages Fixed-rate mortgage Banks Investor 370

Keeping Current Matters

MAY 20, 2021

The level of equity homeowners have is at an all-time high. Census , over 38% of owner-occupied homes are owned free and clear, meaning they don’t have a mortgage. Those with a mortgage are seeing their equity skyrocket too. Home Equity Report from ATTOM Data Solutions : “17.8 According to the U.S.

Equity 318

Equity Principal Fixed-rate mortgage Loans 318

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. ” Tapping that equity. ” Just a little less vanilla. .”

Mortgages 418

Mortgages Equity Loans Seller concession 418

Housing Wire

AUGUST 17, 2023

InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. Freerateupdate.com – which ranked sixth as the fastest-growing mortgage lender on Inc. Companies that debuted on the Inc. Rank Company Growth (3-yr Avg.)

Loan Officer 370

Loan Officer Mortgages Fixed-rate mortgage Loans 370

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

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

Housing Wire

MARCH 20, 2023

Much as the Fed was blind to the liquidity crises created by its rapid pace of rate increases, we believe the Fed has also failed to appreciate how severely its actions have imperiled the housing market. 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

Calculated Risk Real Estate

MARCH 18, 2024

This is even more pronounced with residential real estate, where the financial asset is physically stationary and transaction costs are at their highest. Home equity and property taxes are not the only characteristics of homeownership that create a lock-in effect. In the U.S., million sales between 2022Q2 and 2023Q4.

Fixed-rate mortgage 119

Fixed-rate mortgage Mortgages Equity Title 119

Real Trends

NOVEMBER 7, 2022

To incentivize homeownership, the government offers a mortgage interest tax deduction. Let’s say you get a 30-year fixed-rate mortgage of $350,000 with a 6.5% interest rate to buy a condo. You can learn more and claim the credit using Form 5695, Residential Energy Credits. Amortizing a fixed-rate mortgage.

Fixed-rate mortgage 98

Fixed-rate mortgage Agents Equity Principal 98

Realtor.com

MARCH 12, 2021

First find the difference between your current mortgage rate and the potential savings of a refinance offer. The rate for a refi will vary based on the particular homeowner. Lenders consider credit history, income and home equity when evaluating applications. I have an adjustable-rate mortgage.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

Marco Santarelli

JULY 5, 2024

Mortgage Market Trends Another significant factor affecting the housing market is the mortgage industry. Here’s an overview of recent trends: Fixed-Rate Mortgages : These remain the most popular option, especially in high-rate environments, as they offer predictability in monthly payments.

Marketing 131

Marketing Lending Fixed-rate mortgage Investor 131

RIS Media

SEPTEMBER 20, 2020

. “In any local market where the home is priced at the median sale price, those homes are selling quickly—especially in the first-time homebuyer segment and the trade-up buyer market,” explained Carlo Siracusa, president of Residential Brokerage for Weichert, Realtors®. “Sellers definitely have more equity in their homes.

Fixed-rate mortgage 119

Fixed-rate mortgage Sales Staging Equity 119

The Residential Specialist

OCTOBER 19, 2021

The causes of 2022’s slightly deflated demand: a slight increase in both new housing starts and interest rates, as well as buyer fatigue. Interest rates will rise, but not enough to dampen demand. Cororaton expects the 30-year fixed-rate mortgage to rise to 3.5% in less expensive metro areas.”.

Marketing 105

Marketing Equity Fixed-rate mortgage Construction 105

Realty Biz

SEPTEMBER 23, 2021

Miami Homeowners’ Home Equity Continues Surging as Many Pay Lower Mortgage Payments. With interest rates still at record lows, many South Florida homeowners have refinanced their home loans. Home equity can be tapped for renovations, college loans and more. The average commitment rate across all of 2020 was 3.11%.

Sales 104

Sales Fixed-rate mortgage Short sale Equity 104

HomeLight

APRIL 18, 2022

The rate of return on a housing investment significantly increases the longer it’s held as your equity grows and your home appreciates in value over time. Resist refinancing for the wrong reasons: Just because you can tap into your home’s equity, that doesn’t mean you should. But paying a mortgage does help you save.

Equity 128

Equity Mortgages Fixed-rate mortgage Design 128

Marco Santarelli

JUNE 25, 2024

In a significant move that could impact the UK housing market , Barclays and HSBC have announced cuts to their fixed-rate mortgage deals. This decision comes amidst hints from the Bank of England regarding a potential summer base rate cut, which has led to speculation about a downward shift in mortgage rates across the industry.

Mortgages 52

Mortgages Marketing Fixed-rate mortgage Banks 52

Realty Biz

FEBRUARY 23, 2022

With the first interest rate hike coming in mid-March, moving sooner rather than later will be the most beneficial. A 1% jump from 4% to 5% on a $325,000 fixed-rate mortgage makes a $193 difference in the monthly payment ($2,316 per year). What do you think the interest rate hikes will do to homebuyers?

Fixed-rate mortgage 69

Fixed-rate mortgage Mortgages Banks Loans 69

Realty Biz

DECEMBER 18, 2021

Inflation will accelerate the rise of home prices, but the decreasing loan-to-value of mortgage debt is a natural discount. This happens because the equity in the property increases while your fixed-rate mortgage payments remain the same. Please share your thoughts with a comment.

Fixed-rate mortgage 80

Fixed-rate mortgage Investor Mortgages Construction 80

Marco Santarelli

JULY 11, 2022

Prices are increasing as a result of enough money on the sidelines and very low mortgage rates. The improving economy and the approaching peak homebuying years of millennials are driving a residential housing boom. Fed policy has fewer repercussions for fixed mortgage rates, which track 10-year Treasury yields more closely.

Sales 98

Sales Marketing Fixed-rate mortgage Mortgages 98

Realty Biz

JUNE 24, 2022

On the same $300,000 mortgage, the monthly payment has risen from $1265 in December to $1800 today, according to NAR. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 5.23% in May, up from 4.98% in April. The mortgage rate is projected to land at 5.3%

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

Marco Santarelli

NOVEMBER 11, 2023

Impact of Rising Mortgage Rates The housing market is adjusting to the impact of rising mortgage rates. The 30-year fixed-rate mortgage averaged 7.57% as of October 12, up from 7.49% the previous week and 6.92% one year ago. of all closed residential sales in September 2023.

Marketing 52

Marketing Investor Fixed-rate mortgage Sales 52

The Close

DECEMBER 29, 2022

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. Got Clients With Interest Rate Questions? Fixed-rate mortgage.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98

Housing Wire

DECEMBER 9, 2020

Residential real estate online marketplace House X has announced the launch of its smart home marketplace and pilot program called The New American Dream Showcase of New Homes. The program is available in California, Florida, Georgia and Texas with additional states launching in 2021.

Fixed-rate mortgage 418

Fixed-rate mortgage Equity Residential Technology 418

Toronto Realty Blog

SEPTEMBER 8, 2022

But let’s leave interest rates off the list, even though the Bank of Canada increased the overnight lending rate by 0.75% on Wednesday, because we knew that was going to happen. I want to talk about three things: trigger rates, variable vs. fixed spread, and alternative lenders. I’m trustworthy!

Marketing 111

Marketing Fixed-rate mortgage Banks Principal 111

Housing Wire

NOVEMBER 5, 2020

million residential properties in the U.S are considered equity rich – outnumbering those seriously underwater by an almost five-to-one margin. year-over-year – with rate lock activity up 4% half way through October as both new homeowners and repeat customers take advantage of low rates.

Mortgages 538

Mortgages Equity Residential Loans 538