Housing Wire

JULY 22, 2022

“We appreciate our continued partnership with the 24 insurers and reinsurers that have committed to write coverage for these deals,” said Rob Schaefer, Fannie Mae’s vice president for capital markets. Through the CIRT transaction, a portion of the credit risk on mortgages backed by Fannie Mae is shifted to insurers in the private sector.

Fixed-rate mortgage 370

Fixed-rate mortgage Principal Loans Mortgages 370

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

JUNE 5, 2023

“In a sense, the gridlocked housing market has been feeding on itself,” Andy Walden , VP of enterprise research strategy at Black Knight, said. Tightening credit availability, elevated rates, inventory shortages and strengthening home prices are adding to affordability challenges, the report notes. In turn, the 100 largest U.S.

Fixed-rate mortgage 418

Fixed-rate mortgage Principal Mortgages Marketing 418

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.” will potentially increase investment and liquidity into the reverse mortgage market,” he said.

Development 459

Development Industrial Mortgages Fixed-rate mortgage 459

Housing Wire

JUNE 7, 2023

High home prices and mortgage rates are continuing to constrain affordability in housing markets nationwide. Fannie Mae ‘s Home Purchase Sentiment Index (HPSI) — which tracks the housing market and consumer confidence with selling or buying a home — declined by 1.2 points in May to 65.6. It now takes 34.2%

Fixed-rate mortgage 370

Fixed-rate mortgage Principal Mortgages Marketing 370

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. Application volume for ARMs hit a 14-year high in May, taking up nearly 11% of the entire mortgage application , according to the MBA. Stricter regulations, new guidelines.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages 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. When interest rates hovered around 8%, it really hurt affordability,” Steinway said. When rates go up by a point, people sit on the sidelines. We really need an orderly, return to normal rates,” said Oakes.

Mortgages 482

Mortgages Fixed-rate mortgage Equity Loans 482

Housing Wire

MAY 5, 2022

Freddie Mac is bringing another credit-risk transfer offering to market, its fourth of the year, through the agency’s Structured Agency Credit Risk (STACR) program. billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 a week earlier.

Principal 370

Principal Fixed-rate mortgage Loans Residential 370

Housing Wire

OCTOBER 26, 2023

According to Spector, many of the borrowers who are locked in a low, fixed-rate mortgage are incentivized to stay in their homes. billion in unpaid principal balance (UPB) as of Sept. The increase happened because production volumes more than offset prepayment activity, which is low due to higher mortgage rates.

Fixed-rate mortgage 448

Fixed-rate mortgage Principal Banks Loans 448

Housing Wire

APRIL 12, 2024

But Scharf also said that “markets and rates will likely remain volatile.“ Meanwhile, JPMorgan Chase Chairman and CEO Jamie Dimon , who recently called for “mortgage regulatory simplification,” said that many economic indicators remain favorable, but ”looking ahead, we remain alert to a number of significant uncertain forces.”

Mortgages 468

Mortgages Banks Fixed-rate mortgage Lending 468

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

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. HELOCs offer flexibility.

Equity 418

Equity Fixed-rate mortgage Principal Mortgages 418

Keeping Current Matters

MAY 20, 2021

million residential properties in the United States were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value. million mortgaged homes in the United States. The monthly mortgage payment (principal and interest) would be $1,349.

Equity 325

Equity Principal Fixed-rate mortgage Loans 325

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 a year earlier.

Equity 459

Equity Lending Fixed-rate mortgage Loans 459

Housing Wire

JUNE 15, 2023

“Bond yields and rates started to rise as the debt ceiling was getting closer and closer, and we have had such big bond market auctions to deal with that pushed yields higher, even after a tame inflation report,” Mohtashami said. If those reports continue to show the economy running too hot, the Fed may take action at its next meeting.

As-is 397

As-is Industrial Fixed-rate mortgage Mortgages 397

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% to a seasonally adjusted annual rate of 4.8 million existing homes on the market in August and would take 3.2

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

APRIL 8, 2021

When you make a mortgage payment, part of that money goes toward the principal balance. The longer you live there and pay down the mortgage, the greater your stake in the property’s value. Should the property increase in value over time, then you, in turn, will have built up more equity.

Fixed-rate mortgage 435

Fixed-rate mortgage Equity Principal Mortgages 435

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. HELOCs offer flexibility.

Equity 397

Equity Fixed-rate mortgage Principal Loans 397

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Housing Wire

NOVEMBER 2, 2022

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference. It may be another year or two before that happens,” Yun said.

Industrial 435

Industrial Mortgages Fixed-rate mortgage Principal 435

Housing Wire

MARCH 20, 2023

The Fed’s past actions in the name of checking inflation also threaten to break — or may already have broken — other critical economic sectors, including the housing market. More current spot market rent data, such as Zillow’s observed rent index , showed a month-over-month increase of 0.3%, significantly below the government figure of 0.8%.

Banks 418

Banks Mortgages Fixed-rate mortgage Loans 418

Keeping Current Matters

FEBRUARY 23, 2021

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months.

Mortgages 333

Mortgages Fixed-rate mortgage Principal Loans 333

Housing Wire

AUGUST 11, 2022

Because they are deemed riskier loans than conforming agency-eligible mortgages, rates for non-QM loans generally average around 150 basis points higher than conforming rates in a normal market, according to industry experts. a long-term player in the non-QM mortgage market. The Angel Oak Cos.

Mortgages 397

Mortgages Residential Loans Lending 397

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.

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

Realtor.com

JULY 5, 2021

More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices. Those lower monthly payments, instead of traditional 30-year fixed-rate mortgages, are proving to be a strong lure for buyers looking to afford a home in the white-hot housing market.

Mortgages 121

Mortgages Fixed-rate mortgage Principal Loans 121

HomeLight

NOVEMBER 6, 2023

Assuming a mortgage allows you to step into the shoes of the seller and take over their loan, often at a lower interest rate. It’s a unique approach that can make your dream of owning a home in today’s complex, high-priced housing market more attainable. Get Started What is an assumable mortgage?

FHA loan 111

FHA loan VA loan Mortgages Marketing 111

Realtor.com

APRIL 5, 2021

Getty Images What is an interest-only mortgage? It’s a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. But unlike a conventional ARM, borrowers don’t build any equity in their home with an interest-only mortgage. “I

Loans 122

Loans Mortgages Principal Equity 122

Realty Biz

NOVEMBER 12, 2022

The real estate market has been a challenge to navigate during the past few years, and New Jersey is no exception. Dennis Lynch is a real estate analyst based in Rumson, New Jersey , and he has a tremendous amount of experience navigating all types of real estate markets. Where are housing prices dropping in New Jersey?

Fixed-rate mortgage 94

Fixed-rate mortgage Marketing Principal Closing costs 94

Realty Biz

NOVEMBER 28, 2021

Real estate experts believe the housing market could be unseasonably hot this winter, with above-normal levels of home buying activity. The limited supply of homes for sale has plagued real estate markets across the U.S. The 30-year fixed-rate mortgage averaged 3.1% for many months now. by the middle of next year.

Sales 110

Sales Fixed-rate mortgage Principal Mortgages 110

HomeLight

AUGUST 26, 2020

Lower mortgage rates and lower payments are excellent reasons to refinance, but there are other reasons someone might want to consider refinancing. Converting an adjustable-rate mortgage to a fixed-rate mortgage. When you refinance at a lower mortgage rate, your monthly payments could go down.

Fixed-rate mortgage 144

Fixed-rate mortgage Equity Loans VA loan 144

Real Trends

NOVEMBER 7, 2022

Let’s say you get a 30-year fixed-rate mortgage of $350,000 with a 6.5% interest rate to buy a condo. Your payment for principal and interest would be close to $2,200 a month or $26,400 a year. Amortizing a fixed-rate mortgage. Hedging against inflation.

Fixed-rate mortgage 98

Fixed-rate mortgage Agents Equity Principal 98

Realty Biz

AUGUST 12, 2023

In a mortgage agreement, the buyer borrows money from the lender (usually a bank) and agrees to pay it back with interest over a specified period. Principal : The amount of money you borrowed to buy the home. Over time, you'll pay down the principal and interest. It's typically expressed as a percentage of the home's price.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Title search 97

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. That starts with determining what it will take to pay off your mortgage.

Pre-approval 111

Pre-approval Mortgages Principal Equity 111

Redfin

JULY 11, 2024

This interest rate can be fixed or adjustable and is added to your monthly payments throughout the loan term. For example, with a $400,000 mortgage at a fixed 5% interest rate, you would pay $20,000 in interest the first year. As you repay the principal, the interest portion of your payments will decrease.

Mortgages 71

Mortgages Fixed-rate mortgage Debt-to-income ratio Principal 71

Marco Santarelli

JULY 11, 2022

Housing Market Trends 2022: Will Prices Decline? The various forecasts from experts show that 2022 will remain a sellers' housing market, and home values are expected to increase by double-digit percentage points. The real estate market has emerged as a boon for sellers and a source of worry for buyers in the middle of this epidemic.

Sales 98

Sales Marketing Fixed-rate mortgage Mortgages 98

HomeLight

JANUARY 18, 2023

If you’re like most homeowners, you’re eyeing the home equity market with caution – or flat-out worry. The housing market is cooling off quickly, and it could continue to spiral in the coming year. We asked two experts to help get to the bottom of what’s happening to home equity in the current housing market: Donald J.

Equity 105

Equity Marketing Loans Mortgages 105

Marco Santarelli

JULY 30, 2020

We will discuss the latest Los Angeles housing market trends & news and find out how they can affect the investors and homebuyers. The rise in home prices and sales have shifted the market conditions to a balanced one. The latest “LOS ANGELES HOUSING MARKET REPORT” is given below. In June, we saw a rebound in home sales.

Marketing 139

Marketing Investor Sales As-is 139