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. It’s been about two months since UWM rolled out its new pricing strategy and Ishbia says he is already seeing the impact on the market. . Not all about pricing.

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Loan Officer Loans Equity Mortgages 435

Realtor.com

AUGUST 13, 2020

1: Everyone qualifies for low interest rates. There’s a lot of buzz about record-low mortgage interest rates lately. Most recently, a 30-year fixed-rate mortgage dropped to 2.88% for the week of Aug. 3: Everyone should refinance their mortgage. 6, according to Freddie Mac.

Pre-approval 145

Pre-approval Mortgages Loans Fixed-rate mortgage 145

Marco Santarelli

APRIL 20, 2024

The US housing market has been on a wild ride in recent years. Soaring home prices fueled by historically low mortgage rates created a frenzy of buyer activity. Rising interest rates have cooled buyer enthusiasm, leading to slower sales and questions about the future. However, the tide seems to be turning.

Marketing 105

Marketing Pre-approval New Construction Fixed-rate mortgage 105

Realtor.com

APRIL 29, 2021

To avoid this fate, make sure to crunch your numbers in our mortgage calculator or a home affordability calculator , and apply for mortgage pre-approval to see just where you stand in terms of how much house you can afford. And make sure you’re aware of the biggest misconceptions about home mortgages.

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Pre-qualification Pre-approval Mortgages Fixed-rate mortgage 122

HomeLight

DECEMBER 27, 2023

Speaking with a mortgage lender — or several — before you buy a home shows that you’re a serious consumer, but talking with one of these experts before you sell a house also has several benefits. Even with a fixed-rate mortgage, your total monthly payment can change.

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Pre-approval Mortgages Principal Equity 111

Marco Santarelli

AUGUST 2, 2024

The answer isn't straightforward, as the real estate market is influenced by various factors, including mortgage rates, housing inventory, and seasonal trends. Understanding these rates is crucial, as they significantly impact monthly payments and overall purchasing power.

Pre-approval 98

Pre-approval Fixed-rate mortgage Inspection Mortgages 98

Realty Biz

NOVEMBER 8, 2023

The current housing market is one of the most challenging in recent memory for buyers. Home prices have surged to record highs, while interest rates have also increased. Prices Are Up, and So Are Mortgage Rates The news isn’t great for homebuyers right now. This is up 8.4% from a year ago.

Fixed-rate mortgage 82

Fixed-rate mortgage Marketing Pre-approval Mortgages 82

First Team Real Estate

JULY 24, 2020

The average 30-year fixed-rate mortgage fell to a record low of 2.98% last week, the lowest ever recorded by Freddie Mac in the nearly 50 years of the mortgage giant’s survey. The opportunity created by lower mortgage rates is driving up home buying, and helping the housing market make an impressive rebound.

Pre-approval 98

Pre-approval Mortgages Fixed-rate mortgage Closing 98

Marco Santarelli

SEPTEMBER 22, 2023

Home prices have been rising rapidly in recent years, with some markets seeing double-digit growth. A housing bubble is a sustained but temporary condition of over-valued prices and rampant speculation in housing markets. Speculators pour money into the market, further driving up demand. Are We in a Housing Bubble?

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Pre-approval Fixed-rate mortgage Lending Equity 98

Realty Biz

MARCH 30, 2023

There are fixed-rate mortgages, adjustable-rate mortgages, hybrid loans, reverse mortgages, and FHA loans that all come with varying interest rates. To get the best rate for your situation, be sure to look closely at each type of mortgage.

Mortgages 101

Mortgages Pre-approval Pre-qualification Due diligence 101

Realty Biz

AUGUST 12, 2023

Fixed-Rate Mortgage : A mortgage in which the interest rate remains the same for the entire term of the loan. Adjustable-Rate Mortgage (ARM) : A mortgage in which the interest rate can change periodically based on changes in a corresponding financial index.

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Purchase and sale agreement Mortgages Pre-approval Title search 97

Lab Coat Agents

FEBRUARY 7, 2023

Are you in the market to buy your first home? The most common types of mortgages are: 30-year fixed-rate mortgage: With this type of loan, the interest rate remains fixed for the entire term, typically 30 years. Be sure to compare offers from multiple lenders to get the best deal on your mortgage.

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FHA loan VA loan Pre-approval Fixed-rate mortgage 96

Realty Biz

JANUARY 14, 2022

The housing market is chilly as of December. The Aspen real estate market continues to expand, and house values in this location continue to rise every year. It is one of the world’s most sought after active luxury markets! Luxury Market. Cycling and camping are the two most popular activities at Maroon Bells.

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Fixed-rate mortgage Pre-approval Mortgages As-is 96

Real Trends

JANUARY 31, 2023

Last year’s housing market put would-be homebuyers through the wringer. Record-low inventory, an unpredictable rate environment and homes selling for two, three, four times (and more!) over asking price were just a few of the stress-inducing factors, particularly for first-time buyers.

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Pre-approval Fixed-rate mortgage Loans Mortgages 104

Redfin

JULY 16, 2024

Navigating the mortgage loan process can be daunting, but breaking it down into manageable steps can help. This guide will walk you through each phase of the mortgage loan process, from pre-approval to post-closing, with examples to illustrate key points. Fixed-rate: Stability and predictability in payments.

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Loans Pre-approval Earnest money deposit Mortgages 69

Realty Biz

AUGUST 28, 2023

Interest rates on all lending across the US have become increasingly expensive, and that means financing a home loan is now potentially much more costly than it has been in quite literally decades. Here’s what the new normal looks like and what it means for new home buyers looking to enter the real estate market.

Pre-approval 92

Pre-approval Fixed-rate mortgage Lending Loans 92

Realty Biz

APRIL 8, 2024

This includes checking your credit score, saving for a down payment, and getting pre-approved for a mortgage. Answer: What you can afford depends on your income, credit rating, current monthly expenses, down payment, and interest rate. What Is a Mortgage Pre-Approval? What Can I Afford?

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Pre-qualification Pre-approval Closing costs FHA loan 56

Redfin

AUGUST 12, 2024

A lower DTI indicates better financial health and increases your chances of loan approval. Down payment The size of your down payment affects your mortgage terms in several ways. Adjustable-rate mortgages (ARMs) : The interest rate is fixed for an initial period (e.g.,

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Loans Mortgages Pre-approval Fixed-rate mortgage 74

Redfin

JULY 31, 2024

Understand loan options: Learn about different mortgages like conventional, jumbo, and government-backed loans (FHA, VA, USDA). Compare terms and interest rates to find the best fit for you. Choosing the right mortgage lender is a vital step in the home-buying process. Choosing a mortgage lender FAQ’s 1. Did you know?

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Pre-approval Pre-qualification Mortgages Loans 71

Realty Biz

FEBRUARY 7, 2023

Figure Out What Mortgage Program Works Best When you start looking for a mortgage , one of the first steps should be deciding what loan terms you want. For example, do you want a 30-year fixed or adjustable-rate mortgage? A fixed-rate mortgage will give you more stability if you stay in the home longer.

Pre-approval 77

Pre-approval Mortgages Pre-qualification VA loan 77

Marco Santarelli

JUNE 2, 2024

Persistent inflationary pressures could lead the Fed to maintain or even increase rates, keeping mortgage rates elevated. Market Predictions: A Glimpse into June Financial markets are currently anticipating the first cut in federal funds rate by June or August 2024. As of May 23, 2024 , the U.S.

Mortgages 97

Mortgages Pre-approval Fixed-rate mortgage Loans 97

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. They usually buy them at REO auctions, renovate them and rent them out to the tenants, before putting the property on the market for sale. This is certainly a Win-Win situation.

Finance 96

Finance FHA loan Investor Loans 96

Marco Santarelli

APRIL 24, 2024

Holding Your Ground: The Waiting Game's Potential Pitfalls Let's imagine you decide to wait for rates to fall. But here's the rub: the housing market is a dynamic entity, and its future trajectory can be unpredictable. In a competitive market, a buyer with a pre-approved mortgage is often seen as more attractive by sellers.

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Pre-approval Mortgages FHA loan Fixed-rate mortgage 52

Redfin

JULY 11, 2023

The interest rate and term length determine the amount of your monthly payments. What are the different types of mortgages? When considering mortgage options, it’s important to understand the different types available. How is a mortgage rate determined? How does the mortgage pre-approval process work?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Realty Biz

SEPTEMBER 30, 2023

Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

Realtor.com

JANUARY 19, 2022

Covering this housing market, I soon learned, was nothing at all like trying to navigate it myself. And, now that my homebuying odyssey is over, I wanted to share what I learned—things that no amount of writing about the housing market could teach. Not only that, we were about to sign up for 30 years of fixed-rate mortgage payments.

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Pre-approval Banks Closing Mortgages 110

Real Trends

OCTOBER 23, 2022

Buying a home for the first time can be daunting, especially with how the market has been over the past few years. Rising interest rates and softening prices can create even more doubt for first-time homebuyers. First-time homebuyers’ extra jitters during today’s market. First-time homebuyers biggest fears.

VA loan 72

VA loan Pre-approval Fixed-rate mortgage Loans 72

Marco Santarelli

MAY 24, 2024

Let's face it, securing a good rate can make a huge difference in your monthly payment and overall affordability. Here's the latest intel to help you navigate the current market. While some new listings are starting to trickle onto the market, overall inventory remains tight. With a rate of 7%, that payment jumps to $1,950.

Mortgages 52

Mortgages Pre-approval Fixed-rate mortgage Principal 52

Marco Santarelli

AUGUST 3, 2024

Not Saving Enough for a Down Payment: Many assume a 20% down payment is mandatory, but with options like FHA loans, you might be able to secure a mortgage with a smaller down payment. However, remember that a larger down payment often means lower interest rates and monthly payments. Is 2024 a Good Time to Buy an Investment Property?

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Closing costs Inspection Pre-approval FHA loan 52

Marco Santarelli

AUGUST 15, 2024

Before we dive into the nitty-gritty, let's clarify the two major ways a 1% interest rate difference affects your mortgage: Short-Term: Monthly Payments Imagine you're eyeing a beautiful $250,000 home with a 30-year fixed-rate mortgage. Sarah secures a mortgage at 7% interest.

Mortgages 52

Mortgages Fixed-rate mortgage Closing costs Loans 52

Marco Santarelli

JULY 23, 2022

In the summer of 2022, there is a lot of speculation in the media that the slowing housing market is an indication that the market is headed for a housing crash. People who recall the subprime mortgage crisis are concerned that the recent spike in home prices followed by a pause signals the bursting of another housing bubble.

Mortgages 52

Mortgages Marketing Lending Equity 52

Realty Biz

JULY 10, 2023

Mortgage rates have been on the rise in recent months, but that hasn't stopped home buyers from entering the market. So while mortgage rates are still creeping ever higher, home buyers are still entering the market. You’ll need to make a larger down payment or qualify for a higher-rate mortgage.

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Mortgages Pre-approval Sales Fixed-rate mortgage 61

Marco Santarelli

AUGUST 9, 2024

After a period of historically high interest rates, recent trends suggest the tide might be turning, potentially saving you hundreds of dollars each month on your mortgage payments. Is the housing market finally regaining its curb appeal? One of the most promising indicators is the rapid decline in mortgage rates.

Mortgages 52

Mortgages Principal Pre-approval Fixed-rate mortgage 52

Toronto Realty Blog

JANUARY 13, 2021

So far this year, we’ve talked a lot about bullishness in the Toronto real estate market and optimistic outlooks through multiple segments of the housing market, and with that always comes arguments to the contrary. I currently have a five-year, fixed-rate mortgage approved at 1.30%.

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Sales Pre-approval Fixed-rate mortgage MLS 71

Redfin

JUNE 1, 2022

Homes in markets like Seattle, WA , regularly face bidding wars, while nationwide, nearly 6,000 have sold for $100,000 or more above asking price this year. There are three major reasons why housing is currently so expensive: limited supply, high demand, and historic inflation rates. Will inflation cause the market to cool down?

Mortgages 73

Mortgages Pre-approval Fixed-rate mortgage As-is 73

Toronto Realty Blog

JANUARY 8, 2024

And I do produce a monthly “Market Update eNewsletter” which a client recently told me is “like an extra blog post per month.” Some eventually accepted market conditions while others decided to hold off. Just consider this scenario for a moment: You’re in the market for your first home.

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Sales As-is Marketing Pre-approval 85

Redfin

JULY 10, 2023

With Austin’s real estate market conditions, there are pros and cons to both sides of the debate, making it that much harder to decide between renting or buying a home. According to a new Redfin study, the average rent price in Austin is $2,951, while the estimated median monthly mortgage cost is $3,801.

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New Construction Closing costs Equity Purchase and sale agreement 59