Housing Wire

AUGUST 10, 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 6.96% as of August 10, up from last week ’s 6.90%. By contrast, the 30-year fixed-rate mortgage was at 5.22% a year ago at this time.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

JULY 27, 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 6.81% as of July 27, up from last week ’s 6.78%. By contrast, the 30-year fixed-rate mortgage was at 5.30% a year ago at this time.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans New Construction 370

Housing Wire

JULY 20, 2023

Homebuilder sentiment rose for the seventh consecutive month and new construction activity slightly pulled back as the cost of materials picked up. This ongoing uncertainty permeating financial markets has a direct impact on mortgage rates. “As

Mortgages 370

Mortgages Fixed-rate mortgage New Construction Construction 370

Housing Wire

JANUARY 10, 2022

The Federal Reserve has announced plans to gradually “taper” its supportive monetary policy: Net acquisitions of agency mortgage-backed securities are expected to cease by the end of March and the Federal Open Market Committee has signaled possibly three 25-basis point increases in the federal funds target by yearend 2022.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

MAY 30, 2023

The average rate in March on a 30-year-fixed rate mortgage in March was 6.54%, with the rate dropping to 6.34% in April. As a result, prices started picking back up on a monthly basis in early 2023 following months of price stagnation and declines,” Nicole Bachaud, Zillow’ s senior economist, said in a statement.

Mortgages 435

Mortgages Fixed-rate mortgage Construction New Construction 435

Housing Wire

SEPTEMBER 22, 2022

“Now the Fed has signaled that it will hike rates several more times this year and next year, so mortgage rates have plenty of room to go up even more.”. We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. research and consulting at TransUnion.

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

OCTOBER 21, 2020

Fratantoni brought up this point, saying that short-term rates will stay at 0% at least until 2022 and said that we will see a very cautious Fed when it comes to raising rates from here. However, he forecasted that rates will steadily rise over the next year. Housing inventory and prices.

Mortgages 435

Mortgages FHA loan Fixed-rate mortgage Loans 435

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. It’s fair to say that 2022 has been a depressing year for homebuilders.

Construction 397

Construction New Construction Fixed-rate mortgage Finance 397

Housing Wire

NOVEMBER 1, 2022

30-year fixed rate mortgages were at a historic 2.68% low as recently as December 2020 according to Freddie Mac , but skyrocketing property values pushed many frustrated buyers out of the market and into renting. Since 2008, major banks have pumped over $25 trillion into the global economy.

Fixed-rate mortgage 418

Fixed-rate mortgage Loans Banks New Construction 418

Housing Wire

DECEMBER 12, 2023

However, once rates and inventory levels started to rise thereafter, a growing gap emerged between the two series. The gap peaked in November 2022, when the average note rate for new construction sales was one percentage point lower than the rate for existing home sales.

Debt-to-income ratio 448

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 448

RIS Media

FEBRUARY 17, 2022

Freddie Mac released its latest Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) reached an average of 3.92%, for the week ending February 17, 2022. Key findings: 30-year fixed-rate mortgage averaged 3.92% with an average 0.8

Fixed-rate mortgage 98

Fixed-rate mortgage Mortgages New Construction Construction 98

Realtor.com

NOVEMBER 7, 2022

“Occasionally, builders may have some wiggle room to provide to a buyer something like a refrigerator—new construction doesn’t always include one—or blinds, or something along those lines, to incentivize a buyer further to make a move during a specific time frame, like by the end of the month or quarter,” says Mackey.

New Construction 76

New Construction Construction Finance Closing costs 76

RIS Media

FEBRUARY 17, 2022

Single-family housing completions in January saw a rate of 927,000, which is 7.3% Expert takeaway: “New construction continued near its recent pace in January, reflecting strong but moderating homebuilder sentiment, said realtor.com® below December 2021; and 6.2% down from January 2021. below December 2021.

Residential 98

Residential Construction Fixed-rate mortgage New Construction 98

Realtor.com

MARCH 22, 2021

What resulted was the lowest interest rates we’ve ever seen. By July, the 30-year fixed-rate mortgage—the most common for new homebuyers—had fallen below 3% for the first time since the 1970s. With interest rates so low, savvy buyers moved quickly to lock them in.

Marketing 145

Marketing Fixed-rate mortgage Construction Mortgages 145

Marco Santarelli

JUNE 15, 2024

However, many Americans either own their homes outright or have fixed-rate mortgages secured at lower interest rates. They believe high interest rates are actually exacerbating the problem. These rates make it harder to finance new construction, which is desperately needed to address housing shortages.

Fixed-rate mortgage 98

Fixed-rate mortgage Banks New Construction Mortgages 98

Marco Santarelli

APRIL 20, 2024

Shifting Market Dynamics: Higher interest rates may incentivize some homeowners who locked in ultra-low rates to stay put. New Construction: While not a major short-term solution, an increase in new home construction activity could eventually contribute to a more balanced inventory level.

Marketing 105

Marketing Pre-approval New Construction Fixed-rate mortgage 105

Realtor.com

MAY 3, 2021

Now, there isn’t enough new construction to meet demand and investors aren’t going wild driving up prices. Most importantly, bad mortgages—the key factor in the financial crisis—have largely disappeared from the market. Mortgage interest rates are the wild card.

Marketing 144

Marketing Fixed-rate mortgage Mortgages Land 144

Marco Santarelli

DECEMBER 18, 2024

It seems there are more houses for sale in these areas because of new construction, more affordable rental options, and some homeowners who are looking to sell due to rising taxes and insurance costs. With a projected interest rate of 6.5% , how much would your monthly payments be? Tampa is experiencing similar drops.

Banks 98

Banks Marketing Fixed-rate mortgage Mortgages 98

Marco Santarelli

MAY 25, 2024

Housing Market 2024: Morgan Stanley Predicts Midyear Outlook Are Mortgage Rates Going Down? The good news for potential homebuyers is that mortgage rates are expected to decrease over the next year. This is because despite an increase in new construction, overall housing inventory is still considered tight.

Marketing 98

Marketing Fixed-rate mortgage Construction Mortgages 98

Marco Santarelli

SEPTEMBER 23, 2024

As we look ahead to October 2024 , the forecast for mortgage interest rates indicates a potential decline. By the end of October, many experts predict that mortgage rates might hover around 5.95% to 6.25% for the 30-year fixed-rate mortgage (FRM).

Mortgages 95

Mortgages Fixed-rate mortgage New Construction Finance 95

Realty Biz

APRIL 19, 2024

The 30-year fixed-rate mortgage rate was at 6.6 At the same time, new constructions struggle to keep up with the market. Redfin reported that in January 2024, the American median home sale price was approximately $402,000. This average increased by 5.1 percent from the previous year.

Marketing 89

Marketing Fixed-rate mortgage Construction Residential 89

Realty Biz

SEPTEMBER 4, 2021

And importantly, it did so through government-backed, low-interest, fixed-rate mortgages with zero or low-down payments with up to 30-year terms. Moving forward, came the pandemic that brought new construction almost to a standstill. In effect, the G.I. The American suburb was born.

Fixed-rate mortgage 78

Fixed-rate mortgage Construction New Construction Commercial 78

Marco Santarelli

AUGUST 5, 2020

The 30-year fixed-rate averaged 3.57% in the first quarter of 2020, down from 4.62% one year ago. The average monthly mortgage payment on a 30-year fixed-rate mortgage with a 20% down payment was $995, down from $1,048 a year ago. The current 30-year fixed-rate is averaged 3.15%.

Marketing 145

Marketing Fixed-rate mortgage Sales Mortgages 145

Marco Santarelli

DECEMBER 13, 2024

Current Mortgage Rate Trends As of the latest data, the 30-year fixed-rate mortgage has shown a gradual decline: Current Average : 30-Year Fixed Rate Mortgage at 6.6% Conclusion: Navigating the Changes Ahead As we approach the end of 2024, the mortgage rate average of 6.6%

Mortgages 52

Mortgages Fixed-rate mortgage Construction Investor 52

Realty Biz

DECEMBER 18, 2021

Specific to real estate, inflation is going to drive both higher mortgage rates and higher property values. Even if the pace of construction picks up, new construction (supply) will be more expensive due to inflation. And it probably will be once the higher interest rates kick in.

Fixed-rate mortgage 80

Fixed-rate mortgage Investor Mortgages Construction 80

Realty Biz

MAY 21, 2023

Rates leveled off before recently rising again. Rates on March 1, 2022 were 3.90%. Home sales are sensitive to mortgage rate changes. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.35% as of May 11. That's down from 6.39% the previous week but up from 5.30% one year ago.

Sales 92

Sales Short sale Fixed-rate mortgage Banks 92

Marco Santarelli

SEPTEMBER 5, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 135

Marketing Purchase and sale agreement Investor Sales 135

Marco Santarelli

NOVEMBER 1, 2023

This “higher for longer” interest rate environment is expected to not only affect demand but also constrain supply. New construction may dwindle, and prospective sellers may be discouraged from listing their homes for sale due to rising mortgage rates.

Marketing 52

Marketing Fixed-rate mortgage Construction Residential 52

Realtor.com

JANUARY 26, 2022

We then looked at the median home prices in those 100 places and calculated the monthly cost of buying with a 30-year fixed-rate mortgage. But renting here is a cheaper option with more choices, especially since there’s been a flurry of new construction of upscale apartments to fill that need. Denver, CO.

Fixed-rate mortgage 105

Fixed-rate mortgage As-is Mortgages Construction 105

Realty Biz

MARCH 21, 2023

Home sales are sensitive to mortgage rate changes and homebuyers are taking advantage of any rate declines. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage is 6.60% as of March 16. Miami Real Estate Posts $190.4 million.

Sales 100

Sales MLS Short sale Residential 100

Realty Biz

DECEMBER 26, 2022

While the Fed doesn’t set mortgage rates, it affects them through its conduct of monetary policy. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage averaged 6.31% as of December 15. That's down from 6.33% last week, but up from 3.12% one year ago.

Sales 92

Sales Short sale Residential Mortgages 92

Marco Santarelli

JULY 20, 2024

Construction Data Overview Month Total Housing Starts Single-Family Starts Multifamily Starts April – – – May Declined 5.5% Despite this decline in housing starts , the number of units under construction in the multifamily sector remains notably high, with 898,000 units in progress. Declined 5.2% Declined 10.3%

Mortgages 52

Mortgages Construction Investor Fixed-rate mortgage 52

Redfin

JULY 10, 2023

Stable monthly payments Buying a home with a fixed-rate mortgage means that your monthly mortgage payments stay the same over the duration of your mortgage. While other monthly expenses may fluctuate, you’ll have peace of mind that your mortgage payments will stay stable.

New Construction 59

New Construction Equity Purchase and sale agreement Closing costs 59

Marco Santarelli

SEPTEMBER 12, 2024

Current Mortgage Rates and Trends According to the Freddie Mac Primary Mortgage Market Survey , as of September 12, 2024, the average rate for a 30-year fixed mortgage stands at 6.20% , a decrease of 0.15% from the previous week and 0.98% lower than a year ago, when rates were significantly higher.

Mortgages 52

Mortgages Fixed-rate mortgage Finance Construction 52

Marco Santarelli

AUGUST 3, 2024

Not Researching the Area's Future Development: Knowing about potential future developments, such as new construction or infrastructure projects, can influence the value and desirability of your property in the long run. Choosing the wrong type can result in unforeseen consequences later.

Closing costs 52

Closing costs Inspection Pre-approval FHA loan 52

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

SEPTEMBER 7, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 126

Marketing Investor Sales As-is 126