Housing Wire

NOVEMBER 23, 2024

It has been almost two months since mortgage rates spiked again, and my initial thought was this would tank housing demand. We had a positive 18-week period with purchase applications before mortgage rates started rising in September. Initially, the data showed more robust performance as mortgage rates approached 6%.

Mortgages 514

Mortgages As-is Sales Marketing 514

Housing Wire

MARCH 15, 2025

Earlier this year, when mortgage rates soared to 7.26%, a cloud of worry hung over the housing market many feared that home sales would tumble in 2025, fueled by concerns about inflation and tariffs. But when it seemed doom and gloom would prevail, the 10-year yield dropped, pulling mortgage rates lower in a lovely slow dance.

Mortgages 537

Mortgages Sales Marketing As-is 537

Housing Wire

JANUARY 17, 2025

Todays housing starts data exceeded estimates; however, a closer examination of the report with the builder confidence reveals that the recent rise in mortgage rates , approaching 7.25%, has negatively affected builder sentiment. Since late 2022, our analysis indicates that mortgage rates in the 6%-6.5%

Mortgages 488

Mortgages Construction Sales As-is 488

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 448

Sales MLS Mortgages Marketing 448

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

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

APRIL 3, 2025

If we look at existing-home sales as a percentage of the total number of households over time, we see that sales are down to the same levels as the early 1990s, just above 3%, and well below the long-run average of 4.1%, he said. million sales, where did more than a million sales go? So compared to the current pace of 4.26

Sales 351

Sales Construction Marketing As-is 351

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 493

Mortgages Finance Sales As-is 493

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 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

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 484

Mortgages Sales Finance Closing 484

Housing Wire

MARCH 24, 2025

After a very disappointing first quarter with home sales failing to climb over 2024s already anemic levels, signs are finally emerging in March that weve turned the corner to have some growth. This weeks pending home sales count came in at just under 69,000 single-family homes, which was 2.3% Home sales arent strong, of course.

Sales 310

Sales Mortgages As-is Marketing 310

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 396

Sales Staging Mortgages Closing 396

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 466

Sales Investor Development Mortgages 466

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 492

Mortgages Banks As-is Sales 492

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 374

Sales Purchase and sale agreement Inspection Agents 374

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

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

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 451

Mortgages Sales Marketing As-is 451

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 475

Mortgages Sales Marketing As-is 475

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 370

Sales Marketing MLS Lending 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 367

Sales New Construction MLS Construction 367

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

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 387

Sales Marketing Land Agents 387

Housing Wire

OCTOBER 23, 2024

Stubbornly high rates have hindered mortgage demand , but at least it’s better than it was a year ago. Mortgage applications decreased 6.7% from one week earlier, according to data from the Mortgage Bankers Association ’s (MBA) weekly applications survey for the week ending Oct. Refinances comprised 45.7% a week earlier.

Mortgages 476

Mortgages Loans Sales Marketing 476

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 487

Mortgages MLS Equity Loans 487

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 434

Investor Mortgages Renovation Loans 434

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 367

Mortgages Renovation Technology Sales 367

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 468

Mortgages Marketing As-is Sales 468

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 396

Loans Mortgages Finance Lending 396

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 448

Mortgages Fixed-rate mortgage Loans Sales 448

Housing Wire

APRIL 4, 2025

Reston, Virginia -based mortgage software company RETR announced this week that it has hired two new senior leaders to guide the company’s growth efforts. Heidi Iverson is the company’s new vice president of growth and Anthony Savala is the new vice president of sales.

Mortgages 374

Mortgages Technology Loan Officer Loans 374

Housing Wire

MARCH 21, 2025

In its quarterly NAR Real Estate Forecast Summit Update, economists Lawrence Yun and Nadia Evangelou said they now expect existing-home sales to rise by 6% relative to 2024 and finish at 4.3 New-home sales are forecast to rise 10%. million and new-home sales to increase by 11%. NARs revised existing-home sales number of 4.3

Sales 281

Sales Mortgages Marketing 281