30-Year Fixed Mortgage Rates Rise Slightly for Second Consecutive Week
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.16 percent, up from 4.11 percent.
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.16 percent, up from 4.11 percent.
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Conference attendance in 2023 may be down, given layoffs and budget cuts, but hereâs a handy dandy list of events this year and state organizations. (Click on âConferencesâ on the right; for any additions or corrections, contact Ed.) Here at the MBAâs IMB conference, itâs not much fun talking about revenue and margins. So, letâs talk Vitamin C! San Diego County, and California, ranks first with 59 percent of the U.S. citrus production. And when life gives you lemons, you make lemonade. What about when life gives you plenty of barren areas of snow? Thank you to Len T. for this one, reminding us that some people have inordinate amounts of time on their hands. And thank you to Michael Chan yesterday who sent the real estate version of Wordle if you will, where you guess the price of the house. (Watch for those oceanside house prices!) Yes, there are plenty of people out there looking at housing, and the amount for sale. On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units. (This weekâs podcast is sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology, and other services in the mortgage industry and in banking. Listen to an interview with Curinosâ John Sayre on the latest statistical trends in the mortgage industry and what to look forward to in 2023.) Lender and Broker Software, Products, and Services ICE Mortgage Technology announces Affordable Lending Analytics Solution. Matching potential homebuyers with affordable lending programs is a challenge. This is often because many loan officers lack the knowledge or tools to easily identify eligible borrowers. ICE Mortgage Technology® recently announced a new Affordable Lending Analytics solution that is designed to help lenders effortlessly identify affordable lending opportunities within their pipeline, match borrowers to funds, and turn more people into homeowners. Matching potential homebuyers with affordable lending programs is a challenge, often because many loan officers lack the knowledge or tools to easily identify eligible borrowers. ICE Mortgage Technology® recently announced a new Affordable Lending Analytics solution that is designed to help lenders effortlessly identify affordable lending opportunities within their pipeline, match borrowers to funds, and turn more people into homeowners. Click here to learn more and receive the latest updates on ICE Mortgage Technology Affordable Lending Analytics.
On Tuesday, CPI data came in cooler than expected, and the bond market loved it, driving mortgage rates lower.
Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way â but economists warn consumers are still ‘not invincible’ Yahoo Finance
“You don’t hear sirens, you don’t hear traffic. You hear us. There’s nothing like that.”
The US Fed has rate decisions slated for Feb. 1, March 22 and May 3, with expectations that more hikes are slowly coming to an end based on inflation reports showing signs of easing, he noted. Despite the Fed reporting in December it would raise rates to 5% in 2023, a 0.25 percentage point hike … [Read more…]
âDear Mr. Money Mustache… Iâd like to retire soon. Iâve had a good career and the numbers say Iâm just over the threshold, but Iâm still afraid. It would help if I had a solid plan for what to do after retirement – perhaps even make some money eventually. Because I think it would help […]
Could upward pressure on mortgage rates in 2023 mean continued softness in the housing market?
Do you know what âsplootingâ is? Hereâs a hint: 4-legged animals do it. (Hey, I donât make these things up.) Quite the word. Words are very interesting, and can incite a riot, help someone get through a loss, make up this Commentary, entertain. Every morning I share my Wordle results with a few friends, comparing who was able to find the 5-letter word of the day in the fewest tries. For the most part Wordle is quick, fun, and mildly entertaining, which is the exact opposite of financing a home as any borrower or loan originator will tell you. Originate? âOriginâ: source, inception, root means the point at which something begins its course or existence. Origin applies to the things or persons from which something is ultimately derived and often to the causes operating before the thing itself comes into being. âateâ is a suffix meaning âstate of quality ofâ and when added makes an adjective a verb. Originate, tolerate, stimulate, nominate, dislocate, penetrate, intimidate⦠there are thousands of words with -ate on the end. And as many of us are in, or head to, San Diego for the MBAâs conference, origination volumes, margins, and revenues will certainly be discussed, as will attempting to lessen the friction that each loan goes through during processing and closing. It is important to remember that weâve helped millions of families by originating their loans and save billions of dollars, and will continue to do so. (This weekâs podcast is sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology, and other services in the mortgage industry and in banking. Todayâs has Part One of an interview with Keller Williams Scott Agnew on navigating through uncertain times and what the industry has learned since 2008.)