Housing Wire

MARCH 8, 2023

There were very low levels of mortgage applications in the weeks prior to the surprising uptick. However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market.

Loans 397

Loans Fixed-rate mortgage Mortgages Loan Officer 397

Housing Wire

MARCH 23, 2023

While high interest rates and home prices drove up mortgage payments and application payments, loan officers are seeing bidding wars due to a lack of inventory issues. The MBA projects the 30-year fixed rate mortgage to drop to an average of 5.3% In 2024, rates are expected to drop to 4.6%

Mortgages 418

Mortgages Pre-approval Fixed-rate mortgage Loan Officer 418

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. mortgage industry to fund $4.1 trillion in 2023.

Marketing 448

Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

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 397

Fixed-rate mortgage Mortgages Marketing Loan Officer 397

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 He wants to wait and see where interest rates go.” on Wednesday.

Mortgages 468

Mortgages Fixed-rate mortgage Equity Loan Officer 468

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. A year ago at this time, rates averaged 3.14%. Searching for new options.

Mortgages 397

Mortgages Fixed-rate mortgage Loan Officer Seller concession 397

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. “It’s obviously not just a flip flop, it’s a pretty big move,” said Luke Johnson, the founder and CEO of Neat Loans. .

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Loan Officer 370

Housing Wire

OCTOBER 22, 2021

Karen Mayfield: Loan officers. I’ve heard peers at other mortgage lenders say “ I have a digital customer experience and educational content on-line. So why do I need an expensive loan officer? Having an online portal or sharing the advantages of a fixed rate mortgage on your site is helpful to customers.

Loan Officer 397

Loan Officer Fixed-rate mortgage Loans Industrial 397

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The survey also indicates a large dispersion in rates, meaning that homebuyers can save hundreds of dollars by shopping around with different lenders.

Mortgages 482

Mortgages Fixed-rate mortgage Loans Loan Officer 482

Housing Wire

AUGUST 17, 2023

Freerateupdate.com – which ranked sixth as the fastest-growing mortgage lender on Inc. 5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans. Rank Company Growth (3-yr Avg.) 5000 – 2023

Loan Officer 370

Loan Officer Mortgages Fixed-rate mortgage Loans 370

Housing Wire

MAY 19, 2022

That’s the consensus forecast of a panel of non-agency industry experts who spoke at the Mortgage Bankers Association ’s (MBA’s) Secondary and Capital Markets Conference & Expo in New York City this week. . There’s a lot of different reasons why someone falls outside the agency loans.

Industrial 476

Industrial Loan Officer Fixed-rate mortgage Lending 476

Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire.

Loans 418

Loans Mortgages Loan Officer Fixed-rate mortgage 418

Housing Wire

AUGUST 5, 2024

EST. “ Mortgage pricing should be lower today, but the close of today with the 10-year yield is key because short term bonds are very overbought.” Mortgage spreads tightened at the same time, taking the Fannie Mae current coupon to 5.05%. The market also sharply increased expectations for Fed rates, pricing in ~4.6

Mortgages 501

Mortgages Marketing Fixed-rate mortgage Loans 501

Housing Wire

SEPTEMBER 6, 2024

Much will hinge on what the Fed decides in a couple of weeks,” the loan officer said. Fixed-rate mortgages often correlate with the 10-year Treasury yield. “Since the 10-year U.S Treasury yield is at a 52-week low, I’d expect some slight pullback leading up to the Producer Price Index (PPI) on Thursday.

Mortgages 476

Mortgages VA loan FHA loan Fixed-rate mortgage 476

Housing Wire

NOVEMBER 1, 2023

Rates for a 30-year, fixed-rate mortgage are the highest in over 20 years and may stay elevated for some time. In many cases, that product may still be a fixed-rate mortgage. But for some borrowers, a less traditional loan type could make the most financial sense.

Loans 435

Loans Fixed-rate mortgage Lending Loan Officer 435

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

SEPTEMBER 12, 2023

After two of the most challenging years in recent history, economists and analysts project a shift in the mortgage market toward the end of 2023, Hoff said. “Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. When will the market turn? Let’s start with the good news.

Loan Officer 418

Loan Officer Loans Investor Mortgages 418

Housing Wire

SEPTEMBER 22, 2022

Loan officers get an up-close look at how much shoppers and capital-strapped buyers are getting priced out in the rate-rising environment. Will Savage, a loan originator at PMC Mortgage , sees many pre-approved clients having to get reapproved for a mortgage based on the rate increases. .”

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

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. A successful loan officer in this market needs a very capable qualified assistant.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Housing Wire

APRIL 9, 2024

The wholesale lender said it’s offering legal support to partners in case they are sued and once again accused Rocket Mortgage of being behind the report, which the rival denies. Hunterbrook also claims that borrowers paid in UWM loans a total of $229 million more in closing costs over the past four years than the average-priced loan.

Fixed-rate mortgage 468

Fixed-rate mortgage Loans Mortgages Loan Officer 468

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Economists had predicted rates would rise as the overall economy stabilized. Other indices put mortgage rates even higher. Randy Howell, president of Mortgage Power Inc.

Industrial 397

Industrial Mortgages Fixed-rate mortgage Loan Officer 397

Housing Wire

JULY 14, 2022

Mortgage rates of all stripes moved north on Wednesday following the CPI news. On HousingWire’s Mortgage Rates Center, pricing engine Optimal Blue had 30-year conforming rates at 5.782% on Wednesday. The 15-year fixed-rate mortgage averaged 2.22% a year ago.

Mortgages 370

Mortgages Fixed-rate mortgage Loan Officer Lending 370

Housing Wire

AUGUST 17, 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 7.09% as of August 17, up from last week’s 6.96%. By contrast, the 30-year fixed-rate mortgage was at 5.13% a year ago at this time.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Loan Officer 370

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. Most LOs don’t expect traditional rate-term refinance demand to return until the second half of 2025 and into 2026. For 2024, roughly 75% of origination volume is expected to come from purchase loans.

Mortgages 482

Mortgages Fixed-rate mortgage Equity Loans 482

Housing Wire

DECEMBER 7, 2022

But even with the drop in rates to the mid-6s, the market is still nowhere near ‘normal,’ and consequently, industry experts predict a long, cold winter for loan officers. ” Demand still remains near historic lows, even though rates have slid in recent weeks.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Loan Officer 370

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

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. A massive job cut.

Mortgages 370

Mortgages Loan Officer Banks Lending 370

Housing Wire

APRIL 13, 2023

Mortgage rates have declined over the last several weeks, and it’s helping to lure buyers back into what started out as a slow spring home buying season, Melissa Cohn, regional vice president of William Raveis Mortgage , said. And, the recent rate declines are sparking optimism among economists and loan officers. “On

Mortgages 370

Mortgages Fixed-rate mortgage Loan Officer Loans 370

Housing Wire

OCTOBER 6, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the ongoing economic uncertainty. Matt Graham, founder and CEO of MBS Live.

Loans 370

Loans Mortgages Marketing Fixed-rate mortgage 370

Housing Wire

APRIL 14, 2022

Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend.

Mortgages 526

Mortgages Marketing Lending Loans 526

Housing Wire

OCTOBER 9, 2024

“All mortgage companies, banks and federal credit unions, we all need to be thinking about what our backup plan is, instead of only relying on the historical structures that we’ve always used,” Stork said. Mortgage companies have always taken it for granted that there was going to be insurance.

Mortgages 459

Mortgages Fixed-rate mortgage Industrial Construction 459

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. ” Just a little less vanilla. .”

Mortgages 418

Mortgages Equity Loans Seller concession 418

Housing Wire

AUGUST 29, 2022

After two golden years in the mortgage market during the pandemic period, refis have dried up and the industry has since pivoted toward a purchase market. With Game On, it’s making them (retail loan officers) take an extra look at the broker channel,” Ishbia told analysts in its second-quarter earnings. “We

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

Housing Wire

NOVEMBER 10, 2023

The spread between mortgage rates and Treasury yields remains roughly 120 basis points wider than typical, due to a combination of factors, Fratantoni noted. MBA’s baseline forecast is for mortgage rates to end 2023 at 7.2% , reach 6.1% Fannie Mae expects the average 30-year, fixed-rate mortgage to land at 6.8%

Mortgages 459

Mortgages Fixed-rate mortgage Loans Banks 459

Housing Wire

DECEMBER 30, 2022

Despite some cautious optimism from some LOs, mortgage rates forecasts point to a conclusion that rates will not be as low as the 3% levels seen in early 2022. The 30-year fixed rate mortgages are expected to average 6.3% in 2023, peaking to 6.5%

Loans 435

Loans Renovation Construction Mortgages 435

HomeLight

JANUARY 31, 2025

Fixed-rate mortgages are the most popular mortgages on the market, but they may not be right for every homebuyer in every situation. Adjustable-rate mortgage loans (ARMs) offer options for borrowers who would benefit from a different approach to financing their mortgage due to specific life events or financial situations.

Loans 102

Loans Mortgages Fixed-rate mortgage Finance 102

Housing Wire

AUGUST 24, 2023

in July from June to a seasonally adjusted annual rate of 4.07 Total existing home sales fell 2.2% million.

Land 284

Land Sales Fixed-rate mortgage Construction 284