Housing Wire

MARCH 4, 2025

The pace of home sales remains near a 30-year low point as home prices and mortgage rates keep potential borrowers in wait-and-see mode. But mortgage rates have posted an unusually large decline in the past week. Mortgage pricing should be down a tad today, he said. This would be a clear headwind to any further rate cuts.

Mortgages 472

Mortgages Sales Finance Closing 472

Housing Wire

DECEMBER 30, 2024

Despite rising mortgage rates through much of 2024, recent indications show growing boldness among homebuyers heading into the new year. A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. The report found that pending home sales jumped 2.2%

Sales 435

Sales Mortgages MLS Marketing 435

Housing Wire

JANUARY 6, 2025

The New Years week was expected to be slow, so it’s no surprise that new listings and sales are down. The Christmas and New Year’s holidays fell on Wednesdays this year, which messes up two full weeks in terms of getting home sales done and tracking the numbers. At the same time, mortgage rates jumped back over 7%.

Sales 448

Sales Days on market Mortgages Marketing 448

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. Cornish started his career in mortgage banking at Wells Fargo in Iowa in 2003.

Mortgages 370

Mortgages Sales Loan Officer Lending 370

Housing Wire

JANUARY 13, 2025

Mortgage rates pushed this week close to 7.25%. Its only two weeks into January and mortgage rates have hit the high end of the range we forecasted for the entire year. Bond markets have driven mortgage rates back to the highs, and home sales are suffering. Sellers are up, but sales are down.

Sales 418

Sales Mortgages Marketing Staging 418

Housing Wire

JANUARY 30, 2025

Pending home sales ended the year on a down note, according to data published on Thursday by the National Association of Realtors (NAR). in December, with the Pending Home Sales Index coming in at a reading of 74.4. Annually, pending home sales were down 5.0% Annually, pending home sales were down 5.0% in the West.

Sales 424

Sales MLS Mortgages Marketing 424

Housing Wire

NOVEMBER 26, 2024

After a year of strong results, sales of newly built homes took a major step back last month. Department of Housing and Urban Development (HUD) shows new-home sales in October clocking in at a seasonally adjusted annual rate of 610,000 — a 17.3% The median sale price of a new home hit $437,300, a 4.7% Census Bureau and the U.S.

Sales 448

Sales MLS Mortgages Development 448

Housing Wire

NOVEMBER 15, 2024

The statement was enough to raise mortgage rates to an even higher level, a sharp departure from the optimism lenders experienced during the September rally, which now seems like a distant memory. “We At Mortgage News Daily , rates were at 7.02% on Thursday afternoon. We are moving policy over time to a more neutral setting.

Mortgages 531

Mortgages Equity Sales Marketing 531

Housing Wire

NOVEMBER 21, 2024

Home prices firmed up in today’s existing home sales report , but we caught on to this trend two months ago with our Housing Market Tracker. From the National Association of Realtors : Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – expanded 3.4%

Mortgages 492

Mortgages Finance Sales As-is 492

Housing Wire

NOVEMBER 26, 2024

Did today’s new home sales report really show an epic crash in sales? New home sales reports can be quite volatile from month to month. In this case, several factors contributed to the substantial decline in new home sales. In this case, several factors contributed to the substantial decline in new home sales.

Sales 501

Sales Construction Mortgages Development 501

Housing Wire

NOVEMBER 4, 2024

Home sales are significantly better than they were last year at this time. Another tricky part of communicating this news is that home sales aren’t suddenly great. Last year was weak as mortgage rates were hitting 8%. Mortgage rates were super high and inventory was building. That’s where we are right now.

Sales 393

Sales Staging Mortgages Closing 393

Housing Wire

FEBRUARY 21, 2025

Mortgage rates decreased again today on weak economic data, following last Friday’s similar drop in the 10-year yield. Furthermore, the mortgage spreads in today’s pricing are favorable. According to the latest quote from Mortgage News Daily , mortgage rates are now around 6.89%.

Mortgages 471

Mortgages Sales Marketing As-is 471

Housing Wire

OCTOBER 23, 2024

Existing-home sales continued their downward trend in September. from July to August , sales again trended down last month, dropping 1% to a seasonally adjusted annual rate of 3.84 million, according to data released Wednesday by the National Association of Realtors (NAR) On a year-over-year basis, existing-home sales were down 3.5%

Sales 460

Sales Investor Development Mortgages 460

Housing Wire

FEBRUARY 28, 2025

Home sale cancellations in the U.S. Why sales are falling through Redfin said several factors are contributing to the spike in failed transactions: Rising supply , falling demand : Housing inventory has climbed to its highest level since 2020, giving buyers more choices. home-sale price rising 4.1% year-over-year. Las Vegas 17.9%

Sales 336

Sales Purchase and sale agreement Inspection Agents 336

Housing Wire

MARCH 8, 2025

Mortgage rates are declining, and recent purchase application data shows a promising 9% week-to-week increase and a 2% rise compared to the previous year. I’ve noticed that housing data tends to improve when mortgage rates drop from 6.64% to 6%, especially when I adjust for seasonal demand.

Mortgages 411

Mortgages Sales Marketing As-is 411

Housing Wire

FEBRUARY 8, 2025

Another jobs week has come to an end, and amid the chaotic headlines about job numbers, tariffs , and the leadership of the Treasury , mortgage rates remained calm. Better mortgage spreads are limiting how high rates can rise in 2025. Mortgage spreads refer to the difference between the 10-year yield and the 30-year mortgage rate.

Mortgages 487

Mortgages Banks As-is Sales 487

Housing Wire

OCTOBER 22, 2024

Mortgage rates continue to rise, serving as a bucket of cold water for lenders and consumers that were warming to lower borrowing costs just a few months ago. According to HousingWire ‘s Mortgage Rates Center , the average 30-year conforming rate was 6.61% on Tuesday. With mortgage rates back above 6.5%

Mortgages 468

Mortgages Marketing Construction Sales 468

Housing Wire

FEBRUARY 27, 2025

According to a report from Redfin, for-sale inventory at the end of January in Florida was up 22.7% However, mortgage rates staying stubbornly around 7% are preventing many would-be buyers from entering the market. year over year. Bidding wars are very rare these days, said Jacksonville-based agent Bryan Carnaggio in a statement.

Sales 367

Sales Marketing Land Agents 367

Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage — Calque’s most popular program — functions similar to a vehicle trade-in.

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

Housing Wire

FEBRUARY 23, 2025

If this happens, will we see lower mortgage rates this spring? However, last week saw a decline in mortgage rates due to softer economic data, which led to an influx of money into the bond market as stocks sold off on Friday. If we were experiencing the worst mortgage spreads of 2023, mortgage rates would be 0.77% higher today.

Mortgages 451

Mortgages Marketing As-is Sales 451

Housing Wire

MARCH 13, 2025

Mortgage applications for new-home purchases fell 6.9% year over year in February, according to data from the Mortgage Bankers Association (MBA)’s Builder Application Survey that was released Thursday. MBA estimated that single-family new-home sales often a leading indicator of the U.S. Applications edged up 0.3%

FHA loan 358

FHA loan VA loan Mortgages Loans 358

Housing Wire

OCTOBER 30, 2024

A 60 basis point increase in mortgage rates in October has strangled mortgage demand, particularly for refinancings , according to the latest survey data from the Mortgage Bankers Association. Mortgage applications overall decreased 0.1% The refinance share of mortgage activity decreased to 43.1% the previous week.

Mortgages 468

Mortgages Loans Sales Marketing 468

Housing Wire

NOVEMBER 27, 2024

Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. The latest signal comes from the National Association of Realtors ‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4% Pending sales in the West also grew 12.3%

Sales 369

Sales Marketing MLS Lending 369

Housing Wire

NOVEMBER 21, 2024

After tumbling over the past few months, existing-home sales are giving real estate and mortgage professionals a reason to smile. The seasonally adjusted annual rate of existing-home sales rose 3.4% However, for most first-time homebuyers, mortgage financing is critically important. On an annual basis, sales were up 1.1%

Sales 370

Sales Finance Investor Mortgages 370

Housing Wire

JANUARY 24, 2025

Existing home sales finished 2024 on a high note after a dismal year for the housing market. The December report from the National Association of Realtors (NAR) shows existing-home sales at a seasonally adjusted annual rate of 4.24 Sales in 2024 finished at just 4.06 Available existing homes for sale fell to 1.15

Sales 357

Sales New Construction MLS Construction 357

Housing Wire

JANUARY 3, 2025

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. This happened through dedicated conversations, partnerships between reverse and forward mortgage companies, and expanded activities in reverse that stemmed from acquisitions and expansions of existing divisions.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

OCTOBER 29, 2024

Economists pointed to lower mortgage rates as the reason for slower growth. Though significant, this drop in rates has not yet resulted in a significant uptick in demand and home sales activity, which meant home price growth continued to mellow.” On a non-seasonally adjusted basis, the national home price index posted a 4.2%

Mortgages 485

Mortgages MLS Equity Loans 485

Housing Wire

NOVEMBER 22, 2024

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. Despite fewer sales and lower resale prices, fix-and-flippers faced fierce competition for deals in most markets.

Investor 429

Investor Mortgages Renovation Loans 429

Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans are typically marketed via door-to-door sales by independent brokers who work with contractors who perform the modernization and enhancement work.

Loans 394

Loans Mortgages Finance Lending 394

Housing Wire

MARCH 3, 2025

Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.

Purchase and sale agreement 408

Purchase and sale agreement Closing Industrial Mortgages 408

Housing Wire

JANUARY 8, 2025

As mortgage rates continue to climb past the 7% mark, applications continued to take a step back following the New Year’s Day holiday. from the week prior, the Mortgage Bankers Association (MBA) reported in its weekly mortgage applications survey for the week ending Jan. Demand decreased by 3.7% the previous week.

Mortgages 446

Mortgages Fixed-rate mortgage Loans Sales 446

Housing Wire

FEBRUARY 11, 2025

High interest rates and home prices are causing some prospective homebuyers to avoid applying for a mortgage. The goal of the survey was to highlight how market trends can reshape the mortgage market in 2025. Home sales have already taken a hit going into the latter half of February.

Mortgages 357

Mortgages Renovation Technology Sales 357

Housing Wire

OCTOBER 29, 2024

Employment data for October is set to be released Friday, and it will go a long way in determining the path for mortgage rates, which have surged upward in the past month. At HousingWire’s Mortgage Rates Center on Tuesday, the average rate for 30-year conforming loans was 6.72%. The monthly payment on the median-priced U.S.

Mortgages 445

Mortgages Equity Loans Marketing 445

Housing Wire

FEBRUARY 1, 2025

Higher mortgage rates are forcing many first-time homebuyers to adopt a “wait-and-see” approach to the market. Agents reported that 27% of first-timer buyers requested mortgage rate buydowns from sellers. HomeLight notes that this is becoming more common for existing-home sales.

Purchase and sale agreement 480

Purchase and sale agreement Mortgages Agents Brokerage 480

Housing Wire

DECEMBER 27, 2024

Reverse mortgage business and mortgage business generally is not where people want it to be. That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. I think that’s true from an industry standpoint.

Industrial 397

Industrial Mortgages Principal Lending 397

Housing Wire

FEBRUARY 3, 2025

There is constant movement in the mortgage industry with the desire for growth and expansion. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target. Regulatory compliance The mortgage industry is heavily regulated and subject to scrutiny by both State and Federal agencies.

Due diligence 417

Due diligence Purchase and sale agreement Industrial Mortgages 417

Housing Wire

FEBRUARY 24, 2025

If there are too few homes for sale, they dont have to be affordable to everyone, they only have to be affordable to a few people. Mortgage rates are a big variable here. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. Mortgage rates now are lower than they were a year ago.

Sales 488

Sales Mortgages As-is Marketing 488