Housing Wire

FEBRUARY 5, 2025

However, if home prices hadn’t skyrocketed alongside mortgage rates , we would have more younger homebuyers entering the market and we would have a slightly higher homeownership rate than todays 65.7% Additionally, a staggering 10 million plus homeowners struggled with mortgage delinquencies.

Buyers 471

Buyers Housing Market Marketing Mortgage 471

Appraisal Buzz

MARCH 31, 2025

According to Fannie Maes Economic and Strategic Research (ESR) Group , mortgage rates are now expected to end 2025 and 2026 at 6.3% Research from the ESR Group found that the lower mortgage rate outlook resulted in a small upward revision to existing-home sales outlook in 2025, though expectations for total home sales remain subdued.

Mortgage 435

Mortgage Buyers Home Value Inventory 435

Housing Wire

MARCH 5, 2025

Mortgage applications increased 20.4% from one week earlier on a seasonally adjusted basis as buyers pounced on lower rates , according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending Feb. ” The refinance share of mortgage activity increased to 43.8%

Mortgage 505

Mortgage Government Contracts Buyers 505

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. First-time buyers dont have that problem.

Mortgage 483

Mortgage Contracts Buyers Housing Market 483

Appraisal Buzz

JANUARY 9, 2025

While home prices remain high and mortgage rates are forecasted to stay above 6% throughout 2025, the year is expected to see more inventory hit the market a silver lining for shoppers who will see more or less choice depending on where they are. 140,000 2.6 2 Rochester, NY Northeast 22.3% 129,900 2.5 3 Villas, FL South 14.1% 236,950 3.4

Buyers 370

Buyers Investing Inventory Marketing 370

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.

Mortgage 448

Mortgage Buyers Contracts Finance 448

Appraisal Buzz

FEBRUARY 24, 2025

Homeownership remains a long, winding, and financially stressful path for some buyers seeking the American Dream. of Americans under 30 have a mortgage, according to a LendingTree research of anonymised credit reports of platform users. Compared to older buyers average of $367,681, that is 74.9% In the 50 largest U.S.

Mortgage 335

Mortgage Buyers Home Value Appraisal 335

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.

Mortgage 476

Mortgage Inventory Buyers Marketing 476

Appraisal Buzz

OCTOBER 29, 2024

The statements were made during the Annual Convention of the Mortgage Bankers Association (MBA), which was held in Denver from October 27 to 30. “We The post Freddie Mac Enhances Product Selection With an Emphasis on First-Time Buyers first appeared on The MortgagePoint.

Buyers 395

Buyers Appraisal Loan Officers Sellers 395

Housing Wire

OCTOBER 16, 2024

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. Demand is holding up to an extent for prospective first-time buyers.

Mortgage 521

Mortgage Inventory Buyers Marketing 521

Housing Wire

FEBRUARY 27, 2025

Homebuyers faced worsening affordability conditions in January as the median monthly mortgage payment for purchase applicants increased to $2,205, a 3.7% jump from Decembers $2,127, according to the Mortgage Bankers Association (MBA). in December, signaling that mortgage payments have risen at a faster pace than rental costs.

Mortgage 402

Mortgage Buyers Housing Market Marketing 402

Housing Wire

OCTOBER 24, 2024

Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. It is utilizing a cross-selling strategy that offers additional products to its existing customers in an evolving mortgage landscape.

Mortgage 448

Mortgage Real Estate Agent Technology Real Estate 448

Housing Wire

JANUARY 9, 2025

But survey data released Thursday by Bright MLS found that some standards were top priorities for some buyers. According to the survey, more than half of prospective buyers ranked the condition of the home as the most important factor in their home search. More specifically, 56.1% More specifically, 56.1% Another 37.8%

Buyers 418

Buyers Renovations Housing Market Home Improvement 418

Appraisal Buzz

NOVEMBER 26, 2024

As 2025 draws near, mortgage rates are once again in the news. Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” This means that buyers have the upper hand in negotiations.

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

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.

Mortgage 415

Mortgage Sellers Buyers Business 415

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.

Mortgage 459

Mortgage Loan Officers Tools Technology 459

Housing Wire

JANUARY 20, 2025

But if buyers and sellers were compelled to transcribe their inaction, it would read like a sociopaths diary entry: We could have watched you grow up, but your grandpa and me werent willing to give up our 2.875% rate to move closer to you. Buyers and sellers are ready to step away from the spreadsheet and get on with living their lives.

Sellers 370

Sellers Buyers New Listings Finance 370

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.

Mortgage 448

Mortgage Government Buyers Marketing 448

Appraisal Buzz

NOVEMBER 21, 2024

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2024 shows mortgage applications for new home purchases increased 8.2 However, the FHA share remains elevated at almost 29 percent, driven by a high share of first-time home buyers still active in this segment of the market.”

Mortgage 370

Mortgage Buyers Contracts Construction 370

Appraisal Buzz

DECEMBER 20, 2024

Receiving family assistance for mortgage payments is also more common among homeowners who have children living with them. Compared to 8% of homeowners without children, one in six (17%) homeowners with children say their family provides financial assistance to help them pay their mortgage.

Buyers 392

Buyers Agents Mortgage Clients 392

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.

Mortgage 448

Mortgage Buyers Tools Sellers 448

Housing Wire

OCTOBER 31, 2024

By at least one measurement, affordability is improving for prospective homebuyers, even as home prices continue to rise and mortgage credit availability remains relatively low. According to data released Thursday by the Mortgage Bankers Association (MBA), the median payment for purchase loan applicants declined by 0.8%

Mortgage 448

Mortgage Buyers Finance 448

Housing Wire

OCTOBER 29, 2024

Economists pointed to lower mortgage rates as the reason for slower growth. Despite the Federal Reserve’s half-point interest rate cut in September, rates for 30-year conforming loans have climbed back up to 6.7%, according to HousingWire ’s Mortgage Rates Center. gain year over year, less than the 4.8% gain from July.

Mortgage 487

Mortgage Sellers Buyers Housing Market 487

Housing Wire

NOVEMBER 1, 2024

With mortgage rates moving closer to 7% once again, recent homebuyers are finding creative ways to lock in lower rates. A survey from Zillow conducted between March and September of this year found that 45% of recent buyers — half of whom bought a home in the past year and the other half in the past two years — secured rates below 5%.

Mortgage 321

Mortgage Finance Buyers Loan Officers 321

Housing Wire

OCTOBER 28, 2024

Mortgage technology company Gateless is offering its flagship automated underwriting platform to a new lender. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.

Mortgage 397

Mortgage Technology Design Tools 397

Housing Wire

JANUARY 20, 2025

Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. This housing market is on hold until mortgage rates come down. We knew that mortgage rates over 7% were possible for the year, and here we are. Theres signal that the price buyers are paying is declining too.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans. Introduced by Reps.

Insurance 418

Insurance Mortgage Property Taxes Design 418

Appraisal Buzz

MARCH 5, 2025

High mortgage rates and high home prices combined with economic uncertainty are causing some would-be buyers to change their minds. Increasing inventory and reduced demand has tilted the housing market in buyers favor in recent months. Some buyers are getting cold feet with everything going on in the world.

Buyers 273

Buyers Inspection Agents Contracts 273

Housing Wire

FEBRUARY 11, 2025

High interest rates and home prices are causing some prospective homebuyers to avoid applying for a mortgage. But despite this trend, some buyers are willing to adjust their loan term expectations to achieve homeownership, according to a recent report by real estate technology company REsimpli.

Renovations 366

Renovations Mortgage Property Taxes Buyers 366

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. A buyer wants the right to use those names and marks with superior title from the rest of the world.

Mortgage 418

Mortgage Contracts Sellers Insurance 418

Housing Wire

DECEMBER 18, 2024

Mortgage applications declined 0.7% 13, driven by slight decline in refinance activity, according to data released Wednesday by the Mortgage Bankers Association (MBA). The decline in applications broke a five-week streak of increases in mortgage demand. Adjustable-rate mortgage (ARM) activity remained steady at 5.3%

Mortgage 395

Mortgage Contracts Government Inventory 395

Appraisal Buzz

OCTOBER 31, 2024

This is in line with the Mortgage Bankers Association ‘s (MBA) Purchase Applications Payment Index (PAPI), which uses information from the MBA Weekly Applications Survey (WAS) to calculate how new monthly mortgage payments change over time in relation to income. MBA is forecasting for rates to be around 6.3 The PAPI is down 9.1%

Mortgage 370

Mortgage Buyers Appraisal 370

Housing Wire

APRIL 2, 2025

New York-based Roam , a platform for purchasing a home with an assumable low-rate mortgage included, announced on Wednesday that it has secured $11.5 ” Over the past 12 months, Roam has grown by 500% and registered 200,000 buyers looking for a more affordable way to buy a house. mortgages eligible by law.

Mortgage 288

Mortgage Sellers Buyers Law 288

Housing Wire

MARCH 14, 2025

The mortgage professional of the future goes beyond the transaction. Our mortgage industry is experiencing a fundamental shift. Traditional loan officers who focus solely on transactions are being replaced by mortgage professionals who act as financial strategists, long-term advisors, and educators.

Client Relationships 362

Client Relationships Mortgage Marketing Loan Officers 362

Housing Wire

DECEMBER 9, 2024

If 2024 was a rollercoaster, 2025 is shaping up to be a championship gameand every buyer , seller and homeowner has a shot at winning big. Although no person can truly predict mortgage rates for there are several factors involved; Industry forecasts predict interest rates will hover between 5.5% A Mortgage Agency.

Mortgage 370

Mortgage Sellers Real Estate Buyers 370

Appraisal Buzz

OCTOBER 17, 2024

According to statistics from the September 2024 Builder Application Survey (BAS) by the Mortgage Bankers Association (MBA), mortgage applications for the purchase of new homes grew by 10.8% The FHA share of applications was elevated to almost 29%, a sign that first-time buyers are active.” over the previous year.

Mortgage 396

Mortgage Contracts Construction Buyers 396

Housing Wire

OCTOBER 25, 2024

s largest metros, a monthly mortgage payment is less expensive than the average rent. In Chicago , the typical rent payment is $2,074 per month, but a monthly mortgage payment is $1,640 – a savings of nearly $434 a month by owning rather than renting. With inventory up 22% compared to a year ago, buyers are gaining bargaining power.

Inventory 476

Inventory Buyers Mortgage Tools 476