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Home inspector sees interaction from baby boomers, aging in place and reverse mortgages

Housing Wire

home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. But one impact that Cook has observed in his own business at least anecdotally is an apparent mistrust that older buyers have for new construction.

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How non-QM loans boost mortgage originator for success in 2025

Housing Wire

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash.

Loans 341
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Deephaven’s Tom Davis: ‘Either you take market share, or someone takes yours’

Housing Wire

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. Diego: We’ve kicked off 2025 with mortgage rates that haven’t done much except go a little bit higher. Diego: Why the push into home equity ?

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Home prices are cooling, and condos in Florida are experiencing a deep freeze

Housing Wire

That’s according to the latest Mortgage Monitor report from ICE Mortgage Technology. An early look at March data from the enhanced ICE Home Price Index (HPI) shows that home prices are softening across the country, which ICE says is largely driven by stabilized mortgage rates , which have been holding around 6.6%-6.7%

FHA loan 290
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Opinion: How did homeowners get into home equity prison?

Housing Wire

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Stated differently, you are dealing with individuals that may be in an equity prison.

Equity 459
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LenderPulse Q4 2023 survey: Mortgage pros still see opportunities in the housing market

Housing Wire

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. in events to garner business. Roughly 36.3%

Mortgages 448
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Beyond rates: How Flagstar’s expertise and support drive broker success

Housing Wire

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” Marketing support: White-label materials for brokers to brand and market their services along with a mortgage trigger lead pass-back program.

Lending 466