Refi boomlet likely as mortgage rates start to fall
If mortgage rates drop into the low 6% range, there will be a retention opportunity on 5.4 million loans that have interest rates starting at 6.5%.
Housing markets
Americans fear another housing crash is near
Rising pessimism about how the Trump Administration is handling the economy in its early days is spreading into the housing market, a Clever RE survey found.
Home prices rise unevenly as growth moderates nationwide
Pent-up demand and the rapid pace of home appreciation is fueling the ongoing rise in home prices, even as mortgage rates present obstacles for buyers.
PVOne raises $53 million in tax lien ABS
Tax liens have so-called super priority in repayments, even placing ahead of a previously filed mortgage.
Where are the most vulnerable housing markets found?
More than two-thirds of the counties most at risk of a housing downturn were concentrated in five states, according to a new report from Attom.
Fannie Mae cuts mortgage forecast as uncertainty persists
The potential impacts of import tariffs cloud the outlook, though, and could lead mortgage rates to surge and fall throughout the coming year.
Most metropolitan areas are overvalued: Fitch
Meanwhile, home prices are set to grow 3 to 4% in 2025, a Fitch report predicts.
Refinances see mini hot streak thanks to lower rates
The latest refinance surge helped lift total application activity up for a second straight week, even as purchases fell, the Mortgage Bankers Association said.
Fed rate cut outlook shifts amid inflation, policy uncertainty
Most participants in a monthly Wolters Kluwer survey no longer think the next short-term rate reduction will be in March.
Rising rates throw cold water on home price growth
On an annual basis, home prices grew by 4.2% in November, FHFA's index found.
Fannie Mae cuts mortgage forecast as high rates stick around
Higher mortgage rates will persist through 2026, affecting sales and refinancings. Those expectations led Fannie Mae to cut its volume outlook for the next two years.
Seniors’ home equity drops on lower values, more debt
Even though senior home values are still near the all-time high, other data shows fewer are turning to reverse mortgages to ease a potential financial crunch.
Home equity growth hits the brakes
The share of underwater mortgages also grew for the first time in almost two years during the third quarter, Corelogic found.
Rural, manufactured housing prioritized in new FHFA plan
The latest plans include details on promoting housing development in underserved areas and increasing secondary market access to rural institutions.
Gen Z’s share of the mortgage market is about to quadruple
Those born between 1997 and 2012 will go from making up a scant 6% of today's market to a 25% share by 2028, and mortgage lenders need to be ready to serve them.
Banks warily optimistic on mortgages but volatile rates a concern
Some lenders are once again hiring mortgage lenders, but memories of the painful staffing cuts they were forced to make over the past two years remain top of mind.
Lower rates drive multifamily lending surge
Origination volumes grew across nearly all sectors of commercial real estate on both a quarterly and yearly basis, according to the Mortgage Bankers Association.
Pending home sales stage a surprising rebound
The Fed's short-term rate cut hasn't lowered 30-year mortgage rates, which have been flat, but some buyers had reasons to act sooner rather than later.
Housing payments just hit a 2024 low
Affordability improved for a fourth straight month, but questions remain about whether recent trends will bring a significant number of buyers into the housing market.
Homeowners see large gains in equity
Rising property values continue to buffer mortgagors against negative equity situations, Corelogic said.
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