Originations

Single-family property values during the year's final three months rose 9.2% year-over-year, but that bump fell below the 13.1% annual rise in the prior quarter.

The value of New York City's 1.1 million properties is projected to rise 6.1% for the next fiscal year, boosted by single-family home prices.

The most attractive cities this year count more homes selling under their listing price rather than over it.

The survey period runs through Feb. 24, so don't dally!

High inflation, rising interest rates and increased economic uncertainty may be telegraphing a further slowdown in U.S. new household formation during the closing months of 2022.

While supply was up by over 54% compared to a year earlier, new home listings decreased, according to Realtor.com.

The 30-year fixed loan rate dropped 15 basis points compared with last week as bond market investors acted in advance of this morning's Consumer Price Index report.

With Control Your Price loan officers can lower the interest rate by up to 40 basis points on a loan and by 1.25 percentage points across their pipeline.

The move, which comes with an unspecified number of layoffs, is expected to cost the company $3.8 million to $4.6 million in pretax charges in the second quarter.

The shift opens the door for regional banks to increase their aggregation activities, analysts said.

But refinances saw an upturn and pushed overall loan activity higher in the first week of 2023, the Mortgage Bankers Association said.

Among current investors in the market, 7% are between 18 and 29 years old, while 15% of those looking to make their first purchases also belong to the same age group, according to a new study.

Declining mortgage rates and home prices drove more positive views compared to the prior month, but December's overall outlook remained negative, Fannie Mae said.

In a Jan. 1 reshuffling the mortgage giant also promoted its former wholesale chief to chief revenue officer of Rocket Mortgage.

The sector is not immune to the same economic instability that affects the single-family residential market, the Mortgage Bankers Association said.

However, trackers from Optimal Blue and Zillow found that rates moved in line with the drop in the 10-year Treasury yield.

The change allows for more accessible financing options for a greater number of listings, but not all of those potential buyers qualify for conforming mortgages, Zillow said.

Difficult economic conditions will persist, with inflation and a potential recession weighing on minds, but investment in mortgage technology remains a priority, according to new survey research.

Higher interest rates helped drive down refinances by 87% and purchases by 42% compared to last year.

In October, the company acquired Roscoe State Bank in Texas, which means employees are now working for a depository and therefore exempt under the SAFE Act.