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.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

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

Mortgage rates drop to another historic low at 2.78%

Likely fueled from political and economic ambiguity, Khater said

The average U.S. mortgage rate for a 30-year fixed loan fell 3 basis points this week to 2.78%, Freddie Mac said in a report on Thursday, the lowest rate in the survey’s near 50-year history. This week’s rate broke the previous record low on Oct. 22 by 2 basis points.

The average fixed rate for a 15-year mortgage remained unchanged from the previous week at 2.32%.

After this week’s dip, there have now been 15 consecutive weeks when average mortgage rates have been below 3%. This week’s rate also marks the 12th time this year mortgage rates have broken their own record, a sentiment Sam Khater, Freddie Mac’s chief economist, said is likely due to political and economic ambiguity.

“Despite the uncertainty that we’ve all experienced this year, the housing market, buoyed by low rates, continues to be a bright spot,” Khater said.

While HousingWire outlined what both a Biden and Trump win would mean for the mortgage industry, observers from across the housing and mortgage space believe interest rates will continue to hover near historic lows for the next several years, regardless of who is in the White House.


Low mortgage rates fuel the demand for valuation and settlement services  

VRM Mortgage Services CEO shares how the company is navigating a difficult year, and how its services are impacted by the different national, state and local directives on foreclosure.

Presented by: VRM Mortgage Services

In an effort to buffer economic blows, the Federal Reserve began buying bonds in March to make borrowing cheaper. Now, a report from ATTOM Data Solutions revealed 16.7 million residential properties in the U.S are considered equity rich – outnumbering those seriously underwater by an almost five-to-one margin.

A swelling demand pushed home prices to rise in September –  an estimated 6.7% year-over-year – with rate lock activity up 4% half way through October as both new homeowners and repeat customers take advantage of low rates. If this increased activity continues, Black Knight is estimating $4 trillion in mortgage origination volume by the end of 2020.

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