What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

How real estate agents can increase profitability in 2021

As real estate professionals strategize on how to do business in this competitive, fast-paced market, they’ll discover the need for better tools to market their listings.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Mortgage

Freddie Mac: Mortgage rates reverse course from last week’s low

This week, the 30-year fixed-rate mortgage averaged 3.69%

This week, the average U.S. fixed rate for a 30-year mortgage jumped to 3.69%. That’s 12 points above last week’s 3.57% but still more than a percentage point lower than the 4.85% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey.

“Despite this week’s uptick in mortgage rates, the housing market remains on the upswing with improvement in construction and home sales,” said Sam Khater, Freddie Mac’s chief economist. “While there has been a material weakness in manufacturing and consistent trade uncertainty, other economic trends like employment and homebuilder sentiment are encouraging.”

The 15-year FRM averaged 3.15% this week, rising from last week’s 3.05%. This time last year, the 15-year FRM came in at 4.26%.

The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.35%, holding steady from last week’s rate. Unsurprisingly, the percentage is still well below 2018’s rate of 4.10%.

The image below highlights this week’s changes:

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