Turmoil abroad could send rates back down, economists say February 11, 2022, 4:58 pm By Maria Volkova and Georgia Kromrei Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Economists had predicted rates would rise as the overall economy stabilized. The latest mortgage rate survey from Freddie Mac […]
Author Archives: Jamie Henry
How to avoid home closing delays in 2022
For lenders, integrating insurance into their process allows them to be more efficient, improve their customers’ experience and avoid delays January 10, 2022, 5:03 pm By Content Solutions Team HousingWire recently spoke with Tom Kriby, Vice President of Client Development and Partnerships at Westwood Insurance Agency, about how insurance issues can hold up a home closing and […]
Housing inventory has never been lower
One-third of homes sold in under a week It’s official – housing inventory in America is at a crisis level. The number of active listings hit an all-time low during the week ending November 28, according to a Redfin report published on Wednesday. During the four week period ending November 28, the number of active listings was a 23% […]
Construction worker shortage has reached “crisis” levels
There are currently 300,000 to 400,000 open construction positions on a monthly basis For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year […]
Forbearance heading one direction: down
Forbearance declined across the board this week as government agencies and industry stakeholders chart a path out of forbearance and into loss-mitigation. The total number of loans still in forbearance was down 34 basis points from 2.62% of servicers’ portfolio volume the prior week to 2.28% the week ending Oct. 10, 2021, per the latest […]