Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Mortgage

Freddie Mac: Mortgage rates end 2018 on a good note

30-year fixed-rate mortgage averages 4.55%

After retreating for two consecutive months, mortgage rates will end the year lower, according to the latest Freddie Mac Primary Mortgage Market Survey.

According to the survey, the 30-year fixed-rate mortgage fell from 4.62% last week, averaging 4.55% for the week ending Dec. 27, 2018. Notably, this is an increase from last year’s rate of 3.99%.

Freddie Mac Chief Economist Sam Khater said rates continued their two-month slide and are currently hovering around the same level as the early summer, which was before the deterioration in home sales.

“The negative headlines around the financial markets are concerning but the economy remains healthy, so the drop in mortgage rates should stem or even reverse the slide in home sales that occurred during the second half of 2018.”

(Click to enlarge)

Freddie Mac - Dec 27

The 15-year FRM averaged 4.01% this week, falling from last week’s average of 4.07%. This time last year, the 15-year FRM was 3.44%.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4%, slightly up from 3.98% the week before. The rate is still higher than this time in 2017 when it averaged 3.47%.

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