Mortgage rates start 2023 twice as high as they were a year ago – CNN
Mortgage rates start 2023 twice as high as they were a year ago CNN
Mortgage Bankers Association
Mortgage demand falls again as mortgage rates climb closer to 7%
Mortgage applications declined 13.3% following expectations that the Fed will continue tightening its monetary policy through the summer.
Mortgage rates move up for second straight week
Consequentially, home loan applications fell 7.7% week over week, according to the Mortgage Bankers Association. Refinance applications were down 13%, and purchase activity declined 5% compared to the prior week. “Mortgage rates increased across the board last week, pushed higher by market expectations that inflation will persist, thus requiring the Federal Reserve to keep monetary … [Read more…]
Commercial property market freezes, sending bond volume plummeting
Sales of commercial mortgage bonds have fallen off a cliff, plummeting about 85% year-over-year, as rising interest rates cut into lending volume and defaults spook investors. Only about $4.27 billion of the bonds have been issued so far this year, down from $29.38 billion at this same point last year, according to data compiled by … [Read more…]
A refi wave is years away as mortgage rates settle at 7%
“Unlike in the past, the likelihood of the industry benefiting from another refinance wave in the next few years appears remote,” said a team of mortgage analysts at KBW.
Demand for purchase loans sinks as mortgage rates rebound – Inman
Demand for purchase loans sinks as mortgage rates rebound Inman
This Is How High a 30-Year Fixed Mortgage Rate Will Be in 2020
If thereâs one thing weâre not short of, itâs mortgage rate forecasts. Everyone seems to have an opinion, though often theyâre just that, opinions. Still, mortgage rates are always top of mind for prospective home buyers and existing homeowners because they can translate to lots of dollars in savings. That being said, we now have… Read More »This Is How High a 30-Year Fixed Mortgage Rate Will Be in 2020
The post This Is How High a 30-Year Fixed Mortgage Rate Will Be in 2020 appeared first on The Truth About Mortgage.
In volatile mortgage market, spreads between conforming and jumbo loans widen
The spread on mortgage rates between conforming and jumbo grew to 100 points this week. One LO said that homebuyers applying for jumbo loans historically would have paid in cash.
Rising mortgage rates depress mortgage demand, slumping to its slowest pace since 1997
The Mortgage Bankers Association (MBA) survey for the week ending Oct. 21 shows that rising mortgage rates have had a big impact on mortgage demand.
Marketing, PPE, Broker to Banker, Customer Experience Tools; CFPB on Credit Payments; Disaster News; Redfin in the Red
Nature is full of trivia. The moon moves about two inches away from the Earth each year. The Earth gets 100 tons heavier every day due to falling space dust. The climate, obviously, is part of nature. Climate, and natural disasters, impact our clients, people, insurance premiums, and the value of servicing in areas prone to hurricanes, flooding, forest fires, and earthquakes. A certain portion of those events (the number is increasing) are determined by FEMA to be natural disasters, and last year 3.4 million adults in the U.S. were at one point or another forced to evacuate their homes due to one, according to the Census Bureau. Approximately 1.4 percent of the American adult population. Thatâs a lot higher than historical averages, up to 800,000 on average for the years between 2008 and 2021. 12 percent were people displaced for over six months and 16 percent were adults who never returned home. The Mortgage Bankers Associationâs (MBA) Research Institute for Housing America (RIHA) has published A Collection of Essays on Climate Risk and the Housing Market. It âwas developed in response to the growing interest from industry participants on how various issues were connected to climate risk. The study features four essays from industry experts that focus on topline issues related to climate risk and its impact on the housing market.â (Todayâs podcast can be found here and this weekâs is sponsored by the STRATMOR Group, the data-driven mortgage advisory. At STRATMOR, insights and knowledge are applied to guide mortgage clients to make sound strategic decisions and take actions that improve their success. Todays has an interview with Partner Garth Graham on tech trends and adoption of tech solutions.)