Housing Wire

DECEMBER 16, 2024

Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. “There’s a strong sense of dj vu on tap for 2025. million in 2025.

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Housing Wire

JUNE 17, 2024

From rising home prices to rising mortgage rates and inflation , the millennial generation hasn’t had it easy when it comes to homeownership. During the years when boomers turned 30, the share of median household income needed to make the typical mortgage payment averaged 33.2%, the highest of any living generation,“ the report explained.

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Housing Wire

NOVEMBER 20, 2024

Mortgage rates are a tricky variable in any forecast, particularly at this moment when the Federal Reserve may be slowing its roll on future interest rate cuts. HousingWire assumes mortgage rates will stay in a range between 5.75% and 7.25%. million) and the Mortgage Bankers Association (4.3 HousingWire’s expectation of 4.2

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Housing Wire

MAY 10, 2023

At that point, Home Point said it would manage its balance sheet and mortgage servicing rights ( MSR ) portfolio. Per the transaction, Mr. Cooper is acquiring all outstanding shares of Home Point and assuming $500 million in outstanding Home Point 5% senior notes due in February 2026. billion in 2022, a 71.6%

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Housing Wire

NOVEMBER 11, 2024

Inventory, new listings, sales, and prices all dipped this week. The election took up a lot of peoples’ lives last week, and that obviously delayed some listing and sales activity, plus we’ve had spiking mortgage rates. Inventory growing Rising interest rates create rising inventory. to 8% and inventory spiked.

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Housing Wire

MAY 12, 2023

In the first quarter, Home Point’s origination and servicing businesses were in the red amid declining production volumes and a negative change in the fair value of its mortgage servicing rights (MSR). The company failed to adjust to a landscape of high mortgage rates, low inventory levels and fierce competition.

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Housing Wire

JUNE 2, 2023

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Meanwhile, 2025 and 2026 will be off the charts. And 2025 and 2026 will be off the charts. Is it the bottom?

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Appraisal Buzz

DECEMBER 16, 2024

With mortgage rates forecast to remain above 6%, inventory expected to remain tight, and home prices predicted to stabilize at their current highs, its looking like the housing market wont see much of a thaw in 2025, Fannie Maes Economic and Strategic Research (ESR) Group says in a recent report.

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Housing Wire

AUGUST 5, 2024

By this, I mean the number of mortgage applicants who could benefit from either credit repair or credit optimization. We have found it difficult to get any solid statistics on the number of mortgage applicants who could be helped by credit repair. For these borrowers, just qualifying for a mortgage could be a life-changing outcome.

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Appraisal Buzz

SEPTEMBER 18, 2024

The Fed now predicts that inflation will not come down to their 2% target until sometime in 2026. Last week, Freddie Mac reported the 30-year, fixed-rate mortgage (FRM) at its lowest point since February 2023 , when they averaged 6.20%. A year ago at this time, the 30-year FRM averaged nearly a full percentage point higher at 7.18%.

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Housing Wire

APRIL 27, 2022

“Second, over 8 million homeowners were delinquent on their mortgages, and once they lost their home, they would join the ranks of renters. I believe the homeownership rate can get back to 66.21% at some point in the years 2022-2026.”. Our demographics were either too young or too old to be in the market to purchase homes.

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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

AUGUST 16, 2023

The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent mortgage banks sooner than expected.

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Empire Appraisal Group

OCTOBER 10, 2024

ResiClub analyzed September inventory data just released from Realtor.com. Generally speaking, local housing markets where active inventory has returned to pre-pandemic levels have experienced softer home price growth (or outright price declines) over the past 24 months.

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Appraisal Today

NOVEMBER 1, 2024

FHFA’s Appraisal Waivers Expansion The Great Debate on Appraisal Fees Updated UAD redesign timeline with specific implementation dates Mortgage applications decreased 0.1 Mandate: November 2, 2026 UAD 2.6 Early 2026 New UAD in full production. Mandate: November 2, 2026 All lenders must use UAD 3.6

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Will Springer Realtor

JANUARY 9, 2024

There is little doubt the inventory shortage will continue through 2024 – as mortgage rates remain too high for many consumers – and that means great pressure to push prices higher. Inventory fell in terms of months of supply across the county. months’ inventory was available as of Jan. Inventory stood at 2.0

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Appraisal Today

FEBRUARY 2, 2024

To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter. NOTE: Please scroll down to read the other topics in this long blog post on forecasts for economic factors, SFR zoning and more apartments, appraising and rhetoric, opinion, or anecdotal theories, unusual homes, mortgage origination stats, etc.

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Movoto

NOVEMBER 26, 2024

Featuring insights from real estate veteran Jerimiah Taylor, we explore the evolving dynamics of home prices, mortgage rates, and the role of Baby Boomers in inventory trends. Guess what that means, mortgage interest rates will be higher for longer. And so you had a lot of inventory growth. Sophie 0:56: All right.

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Will Springer Realtor

APRIL 11, 2022

This year’s buying and selling campaign will be marked by increasing inventory (good!), Mortgage rates have risen by about 1.6 Rates have a small chance to top out before hitting 5% and a good chance of topping out before hitting 6%,” said Matthew Graham, chief operating officer at Mortgage News Daily. “It That is not true.”.

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Will Springer Realtor

OCTOBER 8, 2021

The Federal Reserve, which has been buying mortgage-related securities for more than a year to artificially keep interest rates low, has signaled a desire to taper its bulk purchases within the next month or so. A 30-year mortgage in our area could be had for about 3.125%, up from about 2.875% a month ago. Estimated opening is 2026.

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Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

JUNE 8, 2022

Calling upon Fannie Mae, Freddie Mac and other secondary-market mortgage holders to lower the bar to ownership through tax credits, larger deductions on mortgage interest and greater options for down payment assistance can also help. >> Forty-five percent of residential mortgages in the U.S. was $1889. >>

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Design Construction Development Property Taxes 36

Housing Wire

NOVEMBER 21, 2024

It looked like existing-home sales were primed to rise in 2025, but the prospect of higher-than-expected mortgage rates are driving down expectations. The government-sponsored enterprise cited the recent rise in mortgage rates for its revision. “We Instead, Fannie Mae now believes mortgage rates will end 2025 at 6.3%

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Appraisal Buzz

NOVEMBER 11, 2024

The National Association of Realtors (NAR) Chief Economist Lawrence Yun said that job increases are continuing, mortgage rates are normalizing, and the worst of the housing inventory deficit is over. Home sales depend mainly on jobs and mortgage rates.” residential real estate market.

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Housing Wire

NOVEMBER 11, 2024

The town may then decide to pass on some of those financial challenges by taxing homeowners at a higher rate or by providing fewer town services, which may lead homeowners to leave the town, selling their properties, which could result in dropping home prices due to a rapid rise in inventory and a drop in demand. DellaPelle posited.

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Appraisal Today

NOVEMBER 22, 2024

It also highlighted the importance of consumer protection in the appraisal process, transparency in mortgage lending, and the need to maintain appraiser independence. Mortgage lending is very, very cyclical. How do servicers model risk and pass this quantitative information onto mortgage servicing rights (MSR) values?

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Housing Wire

NOVEMBER 22, 2024

As an owner of a mortgage company and a 20-year housing veteran, I can tell you there is no shortage of people who want to buy just as there is no shortage of builders who want to build. And increased inventory at lower price points promotes a balanced market with price stability for the buyer. Where are my parachute pants?

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Marketing Investors Investing Housing Market 468

Appraisal Buzz

OCTOBER 28, 2024

The Mortgage Bankers Association (MBA) has announced that total mortgage origination volume is expected to increase to $2.3 By loan count, total mortgage origination volume is expected to increase by 28% to 6.5 The Great Rate Race MBA’s baseline forecast is for mortgage rates to end 2025 at 5.9% trillion expected in 2024.

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Property Taxes Insurance HOA Inventory 409

Appraisal Buzz

OCTOBER 30, 2024

“Contract signings rose across all regions of the country as buyers took advantage of the combination of lower mortgage rates in late summer and more inventory choices,” says Lawrence Yun, chief economist for NAR, in a statement. million in 2025 and more than 5 million in 2026,” Yun says. in 2025 but then move higher to 6.1%

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Inventory Contracts Realtors Mortgage 195

Will Springer Realtor

DECEMBER 17, 2024

With mortgage rates set to edge downward, home prices expected to rise only modestly, and sales ticking up bit by bit, the stage is set for a measured recovery in our region. This year saw sharply expanding inventory, up 29% year-on-year nationally (through October; latest data) and 26% YoY across King County (November 2023-November 2024).

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