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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 480
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Market Correction or Seller Panic?

Appraisal Buzz

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Fast-forward to today, and that same loan translates into a monthly payment of $1,468 – a 46% increase in monthly mortgage expense! Therefore, it begs the question: what will happen to home values?

Sellers 435
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Housing Market Nears $50T Valuation Milestone

Appraisal Buzz

housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 In a decade, the value of U.S. In a decade, the value of U.S. Rural home values rose 7% year over year to $7.8 trillion, outpacing urban areas, where values increased by 6% to $10.3

Valuation 417
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Which States Have the Most Underwater Mortgages? 

Appraisal Buzz

A new ATTOM report examines the present trends in underwater mortgages and homeowner equity, the underlying causes of these trends, and the states most affected. However, there is good news for mortgages that are significantly underwater. At the national level, the share of severely underwater mortgages in the U.S.

Mortgage 397
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Developing a lending strategy for rising mortgage rates

Housing Wire

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. By October, the market value of Zoom exceeded that of Exxon-Mobile , reflecting the dichotomy of an intransigent society staying at home and working remote.

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Growth of Household Real Estate Market Value Slows in Q2

Eyes on Housing

1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in the second quarter of 2022, growth of the market value of all owner-occupied real estate in the United States slowed after showed the largest year-over-year percentage gain since 2001 the prior quarter. The market value of owner-occupied real.

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Almost half of homes in the US are now ‘equity-rich’: ATTOM

Housing Wire

of mortgaged homes were “equity-rich,” defined as having a loan balance of less than half of the estimated market value of those homes. In addition, the number of homes with a mortgage balance of more than 25% of the property’s estimated market value — or “seriously underwater” — fell from 2.7%