article thumbnail

Mortgage rates surge to highest level since 2000

Housing Wire

The 30-year fixed-rate mortgage has hit the highest level since the year 2000,” Sam Khater, Freddie Mac’s chief economist said. 28, up 12 basis point from last week ’s 7.19%. By contrast, the 30-year fixed-rate mortgage was at 6.70% a year ago at this time.

Mortgage 487
article thumbnail

House flipping hits lowest level since 2000

Housing Wire

of all home sales in the first quarter of 2021 were flips — or one in 37 transactions, the lowest level since 2000. The post House flipping hits lowest level since 2000 appeared first on HousingWire. Per a report from ATTOM , a national property database, 32,526 single-family homes and condominiums in the U.S. Of the 32,526 U.S.

Investors 501
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mortgage apps decline 2.3% to the lowest level since 2000

Housing Wire

Demand for mortgage loans declined to the lowest level since 2000 last week due to affordability challenges and uncertainties regarding the U.S. decline from the previous week and fell 82% from the same week in 2021 to its lowest level since November 2000, driven by a 6% drop in conventional refi applications. for the week ending Aug.

Mortgage 397
article thumbnail

ATTOM: Mortgage Originations Dropped 6.8 Percent in Q1 to Lowest Level Since 2000

Appraisal Buzz

As of the end of the first quarter, mortgage origination volume had fallen in 11 of the previous 12 quarters, to the lowest level since 2000. Percent in Q1 to Lowest Level Since 2000 appeared first on MortgageOrb. Percent in Q1 to Lowest Level Since 2000 appeared first on Appraisal Buzz.

Mortgage 195
article thumbnail

FHFA Adds New Manufactured Home Price Index to its HPI Report

Appraisal Buzz

Both measure quarterly changes in prices since 2000, on a national scale, based on repeat-sale transactions for individual homes. The new index includes purchase-only as well as all-transactions house price indexes (the latter combining purchase and refinance data).

article thumbnail

Circa 2000: What agents need to know about Y2K(itchens) and baths

Inman

The ability to discuss style, features and the changing lifestyle of homeowners from one decade to the next will prove to be very helpful in serving an agent's clients.

Agents 135
article thumbnail

Like U.S. population, the workforce is aging faster

Housing Wire

of workers in 2023 at least 65 years old, compared to 23% in 2000, according to a new report from the Employee Benefit Research Institute (EBRI). The share of older workers in the U.S. has grown significantly since the turn of the century, with 29.5% White Americans apparently switched places with Hispanic Americans during that time.