Mortgage Bankers Association

Dave Stevens on understanding this housing market

Dave Stevens discusses the psychology of this housing market and five things loan originators need to remember if they want to succeed now.

LOs, mortgage rates and the long, cold winter ahead

Despite a recent decline in mortgage rates, the housing market is still nowhere near normal and volume will remain low for the foreseeable future.

Mortgage rates are down, but not enough for most borrowers

The average 30-year fixed-rate mortgage rate decreased to 6.33% this week, down 16 basis points compared to the previous week, according to the latest Freddie Mac survey.

It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan – CNBC

It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan  CNBC

Optimism spreads after new home sales climb in December

Mortgage rates are falling and builders are offering incentives to buyers, but that wasn’t enough to prop up new home sales in 2022. 

Affordability improves, as do hopes for a good spring  

Affordability has improved in the mortgage market since December due to declines in mortgage rates and slower home price appreciation.

Mortgage rates rise back above 7% – CNN

Mortgage rates rise back above 7%  CNN

More Good News for Mortgage Rates on the Horizon

Despite the fact that mortgage rates are already in record territory, the Fed doesn’t seem to be satisfied just yet. The Federal Reserve has played a part in pushing mortgage rates lower via a strategy known as “Operation Twist,” which is the method in which they replace their short-term debt holdings with long-term debt. That… Read More »More Good News for Mortgage Rates on the Horizon

The post More Good News for Mortgage Rates on the Horizon appeared first on The Truth About Mortgage.

As mortgage rates decline, the mantra is ‘no buyers left behind’ 

Mortgage rates are continuing to decline, which is bringing borrowers on the sidelines back to the market.