Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market. from this peak.

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Housing Wire

DECEMBER 17, 2024

The median buyer is now 56 years old, up from 49 in 2023. Existing homeowners, leveraging their home equity, can make substantial down payments, giving them a significant edge over first-time buyers who must borrow more at todays higher interest rates. 26, 2025 and hear Daryl Fairweather in person.

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Housing Wire

NOVEMBER 15, 2024

Rocket Companies ’ third-quarter earnings call offered a glimpse into a key element of its 2025 strategy for Rocket Mortgage — driving profits through ridiculously high recapture rates and an expanding servicing portfolio. Here’s HousingWire’s early look at Rocket Mortgage’s 2025 recapture play strategy.

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Housing Wire

OCTOBER 21, 2024

As 2025 approaches, the U.S. Mortgage rates, rental patterns, homeownership dreams, and housing trends across the country are all seemingly colliding in ways that create both opportunities and uncertainties. real estate market is marked by contradictions that are leaving many confused. But there’s more to the story.

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Housing Wire

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. The adjustment indicates a weaker housing market this year, driven by still-elevated mortgage rates.

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Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Mortgage rates continue to move higher and that’s impacting buyers. After the hurricanes , we got hit with spiking mortgage rates and then the election.

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Housing Market New Listings Marketing Inventory 448

Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. 26, 2025 and hear Daren Blomquist in person.

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Housing Wire

OCTOBER 7, 2024

Photo courtesy of Willie & Kim Photography) Mortgage industry leaders expect more mergers and acquisitions (M&A) in 2025, fueled by declining interest rates and renewed market confidence after two years of what they describe as “modest activity.” Rates are starting to go down.

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Appraisal Buzz

OCTOBER 17, 2024

Growth in 2024 and 2025 is now anticipated to be 2.0% This indicates an upside risk to the most recent mortgage rate forecast from the ESR Group, which currently projects that the 30-year mortgage rate will end the year at 6.0%, down from the previous month’s prediction of 6.2%, and would gradually fall to 5.7% growth in 2025.

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Appraisal Buzz

NOVEMBER 5, 2024

election and mortgage rate volatility, the mixed signals around the current state of the U.S. And while the mortgage rate and economic outlook is full of questions, home prices are likely to maintain their leveled path until early next year when buyers return to the housing market.” Besides the uncertainty regarding the U.S.

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Housing Wire

OCTOBER 17, 2024

economy appears to be on firmer footing than previously thought, mortgage rates are forecast to end 2024 at 6% and home-price growth is also on the move. in 2024 and 2% in 2025. by the end of 2025.” in 2025, slight adjustments to their previous forecasts of 6.1% in 2023 to 2.3% in 2024 and 1.9% in 2024 and 1.9%

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Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. Lower mortgage rates are having a positive impact on application levels, with the Mortgage Bankers Association (MBA) reporting last week that applications were up 3.9%

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Housing Wire

JUNE 18, 2024

Having built and led mortgage operations for nearly three decades, planning for the future stands out amongst the most challenging components a leader faces. Today’s consumer looks a lot like pre-pandemic First, how prepared are mortgage servicers for the next hardship cycle? Our history would indicate yes.

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Housing Wire

NOVEMBER 26, 2024

The mortgage rate increases of the past two months continued this week even as the pace of increases showed more signs of slowing. According to data at HousingWire’s Mortgage Rates Center , the average 30-year conforming rate rose 3 basis points (bps) during the past week to reach 7.02% on Tuesday. Phil Crescenzo Jr., during the month.

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Appraisal Buzz

DECEMBER 13, 2024

The National Association of Realtors (NAR) has announced 10 top hot spots for the 2025 housing market based on economic, demographic and housing factors predicted to significantly impact local markets. All areas offer a favorable financing environmenteither with lower proportions of locked-in homeowners or lower mortgage rates.

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Housing Wire

DECEMBER 20, 2024

Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. HW: What housing trends do you think will continue in 2025 and why? Home building is expected to increase in 2025.

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Housing Wire

AUGUST 15, 2024

Swiss bank UBS Group AG has decided to sell Credit Suisse ’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street , HousingWire has learned. Bloomberg first reported on the buyers’ names based on anonymous sources. primary mortgage servicer at the end of June, handling $166.7

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Housing Wire

DECEMBER 16, 2024

While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. Among the 10 NAR highlights there are common themes existing affordability, lower lock-in effect on mortgages, strong job growth and high migration. Locked-in mortgages have been widely credited with cutting off housing inventory.

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Housing Wire

OCTOBER 23, 2024

Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. Digital tools played a significant role in simplifying the loan application process for homebuyers.

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Housing Wire

DECEMBER 16, 2024

It created a buyer representation certificate for agents. This service allows homebuyers who work with a Howard Hanna agent and get their mortgage through Howard Hanna Mortgage Services to receive a credit of up to $10,000 (or 0.5% In 2025 and beyond, Hanna said he hopes these innovations lead to more growth.

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Housing Wire

NOVEMBER 25, 2024

In this HousingWire executive conversation, Chris Kennedy , Director of Sales and Business Development at RiskSpan , explores the key recapture strategies that lenders can follow to maximize profit in the 2025 real estate market. It’s the quintessential function of a mortgage servicer.

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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. The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand.

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Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. The typical mortgage payment is up 11.3% That has cooled competition for houses.

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Housing Wire

DECEMBER 14, 2023

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. on Thursday.

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Housing Wire

DECEMBER 4, 2024

Mortgage applications increased 2.8% 29 as borrowers took advantage of improved inventory levels and the lowest mortgage rates in a month, according to data released Wednesday by the Mortgage Bankers Association (MBA). In 2025, jumbo loans will increase to a minimum size of $806,501 — a 5.2% in the prior week.

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Housing Wire

DECEMBER 11, 2024

The 2025 Red Paper from The Agency shows the luxury market making a sharp diversion from the broader existing home sales market, which could clock in near a historic low at fewer than 4 million sales. Luxury buyers who were already homeowners also saw a rise in home equity. The number of homes sold at $1 million or higher rose by 5.2%

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Appraisal Buzz

DECEMBER 16, 2024

As the new year draws near, Fannie Mae anticipates that many of the housing trends from 2024 will persist in 2025, with the lock-in effect of mortgage rates and housing affordability continuing to be major obstacles for countless Americans. In 2025, economists predict that the average mortgage rate will continue to be higher than 6%.

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Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well. trillion portfolio of MBS.

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Mortgage Marketing Housing Market Buyers 468

Appraisal Buzz

SEPTEMBER 5, 2024

The trajectory of interest rates and what Americans refer to as their “magic number”—the mortgage rate that would compel them to buy a home—have them feeling more optimistic than they did about insurance and housing prices. Further, the majority of Americans feel upbeat regarding the overall trajectory of the mortgage industry.

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Appraisal Buzz

OCTOBER 8, 2024

Mortgage rates climbed in 44 U.S. According to a new analysis from WalletHub , mortgage interest rates increased in all but six states from the first quarter to the second quarter of this year. The national average rate on a 30-year mortgage peaked at 7.22% in May 2024. Despite this jump, Colorado’s average mortgage rate of 5.7%

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Housing Wire

NOVEMBER 27, 2024

Mortgage applications rose 6.3% 22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). It is the third straight weekly increase for applications — a good sign for mortgage lenders heading into the typically slow Thanksgiving holiday.

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Housing Wire

DECEMBER 17, 2024

Mortgage rates havent moved much in the past week, but Wednesdays meeting of the Federal Reserve should give some clearer insights into where the market is headed at the end of the year. But mortgage rates havent moved in tandem with the lower policy rates and there is little to indicate this pattern will change.

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Housing Wire

JUNE 1, 2024

Mortgage rates have been a bit more volatile recently due to hawkish Federal Reserve statements and inflation data, which has impacted some of the recent movement in the 10-year yield. So, what does this all mean for the housing market and the future of mortgage rates? Once mortgage rates began rising in 2024, some demand was removed.

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Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S. economy remains hot.

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Appraisal Buzz

OCTOBER 30, 2024

Jones explained that pending home sales, also known as contract signings, measure the first official stage of a home sale transaction—when a buyer and seller have reached an agreement on terms and price. Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady.”

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Housing Wire

JANUARY 26, 2024

The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in 2025 to reach $405,200.

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Appraisal Buzz

JUNE 27, 2024

month-over-month, not just falling below forecasters’ hopes but hitting an all-time low since the NAR began collecting this data in 2001,” said Kate Wood, Home & Mortgage Expert at NerdWallet. “A A continued dearth of inventory, high home prices and stable mortgage interest rates have kept would-be home buyers at bay this spring.”

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