Mortgage Industry News
Mortgage Rates Drop Below 7%
The 30-year fixed-rate mortgage averaged 6.96% as of Jan. 23. Continue Reading Mortgage Rates Drop Below 7%
Mortgage Application Activity is Dull, Forbearance Levels Drop
“Almost 43% of borrowers in forbearance were there due to a natural disaster,” said MBA’s Marina Walsh. Continue Reading Mortgage Application Activity is Dull, Forbearance Levels Drop
FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui
The extension will assist homeowners impacted by the August 2023 wildfires. Continue Reading FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui
Mortgage Rates Soar for Fifth Consecutive Week
The 30-year fixed-rate mortgage averaged 7.22% as of May 2. Continue Reading Mortgage Rates Soar for Fifth Consecutive Week
Mortgage Demand Slumps Again
The Refinance Index was down by 3% from the previous week and was down 1% lower than the same week one year ago. Continue Reading Mortgage Demand Slumps Again
The Salespersons Best Practices
The entire process is what I refer to as a best practices action system. Some salespeople question why they are not getting the outstanding results expected in their sales career? Some feel that the harder they try, they beat their heads against a wall or race down a...
The economic shock hitting the housing market just got bigger
Source: Fortune --- Housing economists are clear: The swift move up in mortgage rates amounts to an economic shock. The bad news for homebuyers? That already big economic shock got even bigger last week. On Thursday, Freddie Mac reported that the average 30-year fixed...
Will The Housing Market Crash? Experts Give 5-Year Predictions.
Source: Forbes --- The housing market appears to be operating without brakes as home prices continue to climb–the median listing price shot up in March to a record-high of $405,000, mortgage rates continue to tick up, and buyers are not backing down. As more signs...
The Problems Keeping Us From Tapping Real Estate’s Full Potential
Source: Propmodo --- From 2011 to 2016, I worked at the micro-apartment design and development startup, LifeEdited. While we never brought units to market, with our own TED talk and a number of major media features, the company did garner some good media attention....
Housing Market Update: Surging Mortgage Rates and Home Prices Sideline More Buyers
Source: Redfin --- Mortgage rates are shooting up at the fastest pace in history, sending the typical monthly mortgage payment for a homebuyer up more than $500 since the beginning of this year. As rates quickly approach 5%, we expect their impact on homebuyer demand...
Mortgage delinquencies rose for the first time in 9 months. Here’s what that means for the housing market.
Source: Market Watch --- Mortgage delinquencies are on the rise. Indeed, in February, the national delinquency rate rose for the first time in 9 months, largely driven by a 97,000 rise in early-stage delinquencies — or those that were 30 – 60 days past due, according...
Real Estate newsletter: The ultimate home-buying guide
Source: Los Angeles Times --- Welcome back to the Real Estate newsletter. We have a big one for you this week. That’s because “The Great SoCal House Hunt,” our all-encompassing, step-by-step guide to buying your first home in Southern California, has published. Not to...
March 2022 Monthly Housing Market Trends Report
Source: Realtor --- Realtor.com®’s March housing data release reveals that the one-two-punch of rising interest rates and all-time high listing prices has moderated demand for homes. A decline in the churn of listings, consistent with recent slow-downs as reported for...
What is a housing bubble? Answering your questions as housing market spikes, raises concerns
Source: USA Today --- America's real estate market may be showing signs of a housing bubble as prices become “unhinged from fundamentals,” according to the authors of a blog post published by the Dallas Federal Reserve Bank. House prices can fall out of sync with...
Mortgages Rates Surge to Highest Since 2018
Source: The Wall Street Journal --- The average rate for a 30-year fixed-rate loan jumped to 4.67%, mortgage-finance giant Freddie Mac said Thursday, marking the weekly figure’s highest reading since December 2018. The 30-year fixed rate rose from 4.42% a week ago,...
