OriginationPro

If there is one feature of the markets you can always count on, it is the attribute of non-lineal progression. What does that mean? In plain English, it means that the markets....https://buff.ly/3C6O7Ef

ATTOM released its third-quarter 2024 U.S. Home Affordability report, showing that median-priced single-family homes and condos are....https://buff.ly/3C6O7Ef Source: The Mortgage Bankers Association

Rate-and-term refinances were up 50% from August and nearly 700% compared with September 2023. Cash-out refinance activity was also up, but on a more....https://buff.ly/3C6O7Ef

I just had a refinance blow up because the appraisal came in low. This was a surprise and I was counting on this closing this month and now I am not sure it will happen at all. Are you hearing about a lot of appraisals coming in low? Sam from Washington I always hear about appraisals coming in low--no matter what the trend. But that is not an indication of trends because I am likely to get questions when things go wrong, not when they go right. However, today with home prices higher, you are going to see more low appraisals. When there are multiple contract offers and the home sells above the asking price, the chances of a low-appraisal becomes higher. Of course, you are talking about a refinance. I find that there are more low appraisals on refinances because of two main reasons:....https://buff.ly/3C6O7Ef

Freddie Mac reported that mortgage rates continued to rise last week as the economy continues to show unexpected strength. With major data and the election approaching, the volatility has....https://buff.ly/3C6O7Ef

Before every meeting of the Federal Reserve there is a blackout period in which the members have to refrain from talking to the public and the media regarding the state of the economy and their policies. This particular blackout period....https://buff.ly/4dVaKJ6

After cutting to the bone over the past three years, several large mortgage lenders are beginning to ramp up hiring. These companies are adding sales and operational staff, preparing for the expected lower interest rates and subsequent increases in volumes. However....https://buff.ly/3UohXu3

National affordability improved in August on an annual basis, marking the first positive year-over-year change since 2021, according to First American's latest Real House Price Index (RHPI) data. Driving the 4.4% annual increase in affordability was a....https://buff.ly/3UohXu3

I am concerned about the results of the election and how this might affect the real estate market. It seems to me that no matter who wins, the political infighting will not stop, and this has the potential to cause consumer confidence to fall. John from DC With this question coming from Washington DC area, I can see your concern might be higher than the average industry participant. I live in this area and political events can make more noise in an area which is more tuned into the topic. Plus, when there is a change in Administrations, many local jobs change hands. But let’s address this from a national perspective. I think the thing that causes people to lose the most confidence is the....https://buff.ly/3UiMRE8

Freddie Mac reported that mortgage rates continued to rise last week as the economy continues to show unexpected strength. 30-year fixed rates rose to 6.44% from 6.32% from the week before. In addition....https://buff.ly/4dVaKJ6