Housing Wire

DECEMBER 22, 2020

The mortgage application process can be a confusing one — especially if you’ve never gone through it before. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. Are you planning to buy a home in 2021?

Mortgage 448

Mortgage Property Taxes Loan Officers Sellers 448

Housing Wire

JANUARY 8, 2021

These expenses vary state-by-state, due to the differences in property and transfer tax, as well as rates charged by different attorneys and lenders. On average, closing costs equal about 1 to 4% of your home’s value, which isn’t something most home buyers are usually aware of. Mortgage Broker Fee . Property Tax.

Property Taxes 531

Property Taxes Insurance Real Estate Mortgage 531

Housing Wire

JUNE 25, 2024

Mortgage rates have leveled off in the past week, according to data on HousingWire ‘s Mortgage Rates Center. Last week, Mohtashami wrote that mortgage application data is signaling increased demand. This is a function of mortgage rates staying in the 7s. There’s just no incentive for buyers to jump now.

Mortgage 364

Mortgage Marketing Property Taxes Sellers 364

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates.

Mortgage 364

Mortgage Property Taxes Investors Buyers 364

Housing Wire

JANUARY 6, 2023

The mortgage servicing industry landscape is shifting. This can cause problems for servicers in instances where loans are acquired with unknown, pre-existing property tax delinquencies missed in the due diligence phase. For over a decade, the industry has experienced growth from two primary sources. What is portfolio cleansing?

Property Taxes 394

Property Taxes Clients Buyers Government 394

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. In 1980, when boomers were entering their prime homebuying years, mortgage rates spiked above 16% and the average monthly home loan payment jumped 34% year over year. of their median income.

Housing Market 491

Housing Market Property Taxes Inventory Buyers 491

Housing Wire

JANUARY 29, 2021

Last year, buyer demand increased due to record low mortgage rates. That said, because of those low mortgage rates, and fewer houses on the market, home prices went up. Low-interest rates are great for potential buyers. They make monthly mortgages more affordable! But will 2021 be the same?

Property Taxes 482

Property Taxes Sellers Insurance Mortgage 482

Housing Wire

OCTOBER 21, 2024

Mortgage rates, rental patterns, homeownership dreams, and housing trends across the country are all seemingly colliding in ways that create both opportunities and uncertainties. As a result, many buyers are forced to either stay in rentals or settle for smaller homes or less desirable locations than they initially aimed for.

Real Estate 470

Real Estate Marketing Insurance Property Taxes 470

Housing Wire

DECEMBER 3, 2024

Once the process starts, nearly half of home buyers report shedding tears at some point. Fortunately, home buying doesn’t have to remain confusing for new buyers. Zillow Home Loans — the platform’s affiliate mortgage lender — pushes the future of financing.

Tools 335

Tools Finance HOA Property Taxes 335

Appraisal Buzz

DECEMBER 16, 2024

For the study, Redfin analyzed climate risk scores from First Street, and Home Mortgage Disclosure Act (HMDA) data covering mortgage originations for primary homes. Florida is a top retirement destination in part because it doesnt tax retirement income. This gives buyers leverage when theyre negotiating with other insurers.

HOA 392

HOA Insurance Buyers Property Taxes 392

Housing Wire

SEPTEMBER 24, 2024

Buyers] have been the ones to benefit from just the steadiness and lack of volatility.” The anticipation of lower mortgage rates has frozen many buyers who think they can get a better deal if they wait a few months, not to mention sellers who are loath to give up mortgages in the 3% range.

Housing Market 385

Housing Market Marketing Property Taxes Inventory 385

Housing Wire

AUGUST 23, 2024

Montana ’s unique Reverse Annuity Mortgage (RAM) program is a state-sponsored reverse mortgage, with lower interest rates and proceeds along with a higher minimum qualifying age that distinguishes it from the Home Equity Conversion Mortgage (HECM) program through the Federal Housing Administration (FHA).

Mortgage 324

Mortgage Property Taxes Buyers Design 324

Housing Wire

OCTOBER 8, 2021

home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. Despite average 30-year mortgage rates that have remained below 3% for most of 2021, the rapid home price increases are eroding affordability for average wage earners.

Renovations 542

Renovations Inventory Marketing Property Taxes 542

Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%.

Mortgage 307

Mortgage Property Taxes Housing Market Buyers 307

Housing Wire

FEBRUARY 15, 2024

Older Americans also have financial incentives attached to staying in their homes, since 54% of the baby boomer cohort own their homes free and clear without making monthly mortgage payments. Long homeowner tenure, particularly among baby boomers, is an obstacle for young first-time buyers trying to break into the market,” the report read. “A

Property Taxes 476

Property Taxes Insurance Construction Inventory 476

Housing Wire

JANUARY 16, 2025

Mortgage and property tax payments are not the only expenses that prospective homeowners need to consider. of new construction homes required buyers to pay HOA dues, compared to only 38.2% Homeowners associations (HOAs) are commonplace, and more of them are requiring owners to pay up, according to a survey by Realtor.com.

HOA 302

HOA Property Taxes Construction Buyers 302

Housing Wire

DECEMBER 14, 2023

Asian borrowers pay $13 less than non-Hispanic white borrowers (the control group); low-income borrowers pay $14 more; and first-time home buyers pay $11 less than repeat buyers. Homeowner’s insurance, the servicer, and even the GSE (the actual holder of the default risk on the mortgage), represent small overall costs by comparison.

Insurance 423

Insurance Property Taxes Buyers Investors 423

Housing Wire

OCTOBER 27, 2023

Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. Listing brokers make offers of compensation to buyer brokers who bring a buyer to the table. And if those same consumers had to go it alone without buyer representation?

Real Estate Agent 485

Real Estate Agent Real Estate Realtors Buyers 485

Appraisal Buzz

JANUARY 7, 2025

There are several significantreasons why home sales are at historically low rates, including: Elevated mortgage rates: The rates accessible this year, which peaked at 7.52% in April, are much higher than the 5% rate that more than three-quarters of mortgaged U.S. homeowners have obtained.

Property Taxes 365

Property Taxes Real Estate Agent Mortgage Agents 365

Housing Wire

DECEMBER 3, 2020

The bill is expected to add $2 billion to California’s coffers annually, and homeowners with disabilities, seniors looking to move for health reasons, and empty nesters looking to downsize could receive property tax breaks when buying a new home, CAR officials said. The state’s going to make a lot of money.”.

Property Taxes 333

Property Taxes Realtors Law Inventory 333

Housing Wire

NOVEMBER 8, 2024

With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Shallis, with over three decades of experience in the real estate industry has helped realtors, buyers, and sellers navigate all types of market conditions.

Realtors 348

Realtors Marketing Loan Officers Sellers 348

Housing Wire

MAY 28, 2024

Philadelphia-based Incenter Lender Services has promoted Sara Parrish to chief operating officer amid a plan to attract independent mortgage banks (IMBs) with variable-cost services. ” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. .

Property Taxes 353

Property Taxes Lending Insurance Investors 353

Housing Wire

JUNE 11, 2021

A home inspector, hired and paid by the buyer typically, will look at the plumbing, electricity and the overall foundation of the home and then provide a report with their findings. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process.

Inspection 458

Inspection Appraisal Appraisal Process Buyers 458

Housing Wire

JULY 5, 2024

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis. The Florida Legislature and Gov.

Law 363

Law Finance Property Taxes Renovations 363

Appraisal Buzz

JULY 1, 2024

High interest rates and housing prices have priced millions of potential buyers out of the housing market, while the number of renters with cost burdens is at an all-time high, according to a new study released by Harvard University’s Joint Center for Housing Studies. last year to 65.9%, the smallest growth reported since 2016.

Construction 415

Construction Inventory Property Taxes Insurance 415

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. My housing economic mindset really starts from 1996 as mortgage rates are much lower now than in previous decades. Of course, today is a much different story; our demographics are much better, and mortgage rates are lower.

Inventory 543

Inventory Construction Government Housing Market 543

Housing Wire

SEPTEMBER 20, 2024

Attom measures the profit margin on home flips by subtracting the median purchase price from the median resale price, so costs related to renovations, mortgages and property taxes eat into the final margin. The report comes with a few caveats. The typical margin of 30.4%

Property Taxes 371

Property Taxes Renovations Investors Sellers 371

Housing Wire

JULY 7, 2021

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM).

Mortgage 406

Mortgage Property Taxes Insurance Business 406

Housing Wire

JULY 24, 2024

Prospective buyers from out of state often come to Indiana for its growing job market, low taxes and relatively affordable housing. Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. Property taxes are about the same.

Marketing 399

Marketing Realtors Buyers Property Taxes 399

Housing Wire

AUGUST 16, 2024

during the same period, which Redfin attributed to elevated mortgage rates and home prices. While investors are still sensitive to mortgage rate changes, they are less sensitive than consumer buyers as 69% of investors pay in cash. In comparison, total U.S. home purchases fell 1.9% metro areas going back to 2000.

Investors 433

Investors Tenants Real Estate Property Taxes 433

Appraisal Buzz

JULY 29, 2024

According to the survey, current market conditions aren’t making potential buyers change their minds about making a purchase. Nearly two-thirds will use or consider using a real estate agent or mortgage lender to learn about the homebuying process (63%). Although they have certain reservations about housing costs, loan rates, etc.,

Real Estate Agent 383

Real Estate Agent Marketing Real Estate Property Taxes 383

Housing Wire

AUGUST 29, 2024

for two years, right along with rising mortgage rates. Buyers have more selection, with less upward price pressure , in an affordability-challenged market. Since mortgage rates started rising in 2022, Americans have shifted into what we might call The Great Stay. When demand slows, inventory grows. Why does it matter?

Inventory 479

Inventory Real Estate Housing Market Construction 479

Housing Wire

APRIL 29, 2024

The bearish take is that there are many more sellers than buyers and inventory is rising. Mortgage rates are at 7.5% Even if the imbalance of more sellers than buyers continues, more sales will happen, especially compared to last year at this time. Mortgage rates are now topping 7.5%, the highest levels seen this year.

Sellers 481

Sellers Marketing Inventory Contracts 481

Housing Wire

MAY 8, 2023

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.” This also raises the properties and neighborhoods values.

Inventory 401

Inventory Renovations Supply Chain Buyers 401

Housing Wire

JANUARY 22, 2021

5 tips for finding the right mortgage lender for you. Townhouses tend to be a bit larger than condos, and buyers actually own the land they rest on, too. There will be more maintenance and repairs to cover, higher insurance premiums to account for, and you’ll be responsible for things like property taxes and HOA dues, too.

Property Management 416

Property Management Decorating HOA Property Taxes 416

Appraisal Buzz

JULY 10, 2024

More than 1,800 homeowners nationwide were polled for TD Bank’s 2024 Mortgage Service Index in order to acquire information and examine opinions regarding the mortgage and home-buying processes, as well as sentiments regarding the housing market. Almost one-quarter (24%) of them said they needed it most when choosing a loan option.

Property Taxes 367

Property Taxes Finance Lending Housing Market 367

Appraisal Buzz

AUGUST 13, 2024

Contract-for-deed agreements require the buyer to fulfill a number of payment obligations before the seller will transfer the deed to the residence. The CFPB has found that investors are targeting people of faith with predatory mortgage products that set the borrower up to fail,” said CFPB Director Rohit Chopra.

Contracts 367

Contracts Investors Sellers Lending 367