Another week down in 2023 and we’re seeing crazier action in the housing market as purchase application data fell, mortgage rates rose again, and weekly inventory took another dive with a noticeable move lower in new listing data. Here is a quick rundown from last week: Purchase applications fell 6% weekly as the market digested…
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Looking at the latest NAHB/Wells Fargo homebuilder confidence data and builder stock prices, I can say the homebuilders got very lucky this time around in the middle of a housing recession. There is one simple reason for this: it’s not 2008. They have less competition as they are working from low sales levels in today’s…
You may not have heard the phrases “dual pathing” or “single stage of contact” currently, but just wait. COVID-period forbearances are ending and odds are some borrowers will not be equipped to arrive existing on their loans without having assistance. HousingWire a short while ago spoke to Amanda Phillips, government vice president of compliance at…
Nevertheless, for 2023 I believe this range on the 10-yr yield would be ideal, taking into consideration the labor marketplace is however sound. If the labor current market starts to get even worse — this means jobless statements rise with some speed — the original assortment of this forecast will break, and bond yields will…
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Very last year, we had a historical dive in order application info, but a short while ago we located a base and acquire applications have bounced from the lows. Since Nov. 9, when this knowledge line started out to get much better, and excluding the standard severe slowdown the final and first 7 days of…
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Beret Kechian, loanDepot’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Kechian – who was Scotsman Guide’s eighth top LO in 2021 – saw demand for mortgages triple after the first week of January compared to a month ago as…
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Last Updated on October 21, 2022 by Mark Ferguson There is growing sentiment that landlords have been causing the recent rise in housing prices and that landlords have caused rents to increase as well. We hear in the news constantly that landlords are buying a record amount of properties. We also hear that hedge funds…
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When mass-market place mortgage origination methods emerged on the scene in the early 1990s, they revolutionized the mortgage loan office by permitting originators to help you save mortgage data files on a individual laptop or computer and share them across regional networks — a substantial phase up from typewritten programs and mainframe computing. Later on…
Read More “The new, must-have technology that’s tackling lending’s greatest challenges ” »
We are well into the seasonal demand increase for purchase applications if demand grows; this means the heavy volume period on this data line is between the second week of January and the first week of May. After May, total volumes traditionally fall. We are working from a shallow bar in this index – seven…
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