Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

How to simplify the appraisal process for everyone in today’s hot market

While the world might be slowly getting back to normal, the housing boom is far from over. Appraisers need to make sure they have the right tools to manage the high demand.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.

Mortgage

Freddie Mac: Mortgage rates at 21-month low

Economic factors push rates down

Average fixed mortgage rates moved lower for the first time in four weeks and remaining near late May, 2013 lows, according to the weekly Freddie Mac survey.

It seemed to have little impact on mortgage applications

The 30-year fixed-rate mortgage averaged 3.75% with an average 0.6 point for the week ending March 5, 2015, down from last week when it averaged 3.80%. A year ago at this time, the 30-year FRM averaged 4.28%. 

“Mortgage rates fell across the board, with the 30-year fixed rate mortgage reading 3.75% this week,” said Len Kiefer, deputy chief economist, Freddie Mac. “Real GDP growth for the fourth quarter was revised down to 2.2%. Consumer prices fell more than expected in January, tumbling 0.7%.”

The 15-year FRM this week averaged 3.03% with an average 0.6 point, down from last week when it averaged 3.07%. A year ago at this time, the 15-year FRM averaged 3.32%. 

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.96% this week with an average 0.5 point, down from last week when it averaged 2.99%. A year ago, the 5-year ARM averaged 3.03%.

The 1-year Treasury-indexed ARM averaged 2.44% this week with an average 0.4 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.52%.  

 

 

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