by mdibrino@hqmloans.com | May 19, 2023 | Uncategorized
As of May 11, the average 30-year fixed mortgage was 6.35%, down from 6.39% the week before but up from 5.30% a year ago. Holden Lewis, home and mortgage expert at NerdWallet, pointed out that while home sales activity is cooling, home price growth remained stable due...
by mdibrino@hqmloans.com | May 19, 2023 | Uncategorized
Freddie Mac chief economist Sam Khater said the uptick was due to “economic crosscurrents [that] have kept rates within a ten-basis point range over the last several weeks.” “After the substantial slowdown in growth last fall, home prices stabilized during the winter...
by mdibrino@hqmloans.com | May 19, 2023 | Uncategorized
GPARENCY said the committee will also collaborate with CTOs and CIOs from leading banks and CRE firms to “automate and streamline processes, bolster decision-making, mitigate risks, and facilitate a more transparent, efficient, and profitable commercial real estate...
by mdibrino@hqmloans.com | May 19, 2023 | Uncategorized
The average production volume was $398 million per company, down from $436 million. The volume by count per company averaged 1,264 loans in the first quarter, down from 1,395 loans in the fourth quarter. “A net production loss of 68 basis points in the first quarter...
by mdibrino@hqmloans.com | May 18, 2023 | Uncategorized
Which is why, even with the volatility of the real estate sector, it remains a great vehicle for investors. “There’s a significant demand for rental properties,” said Jeffrey Lemieux (pictured), managing director, correspondent lending & investor loans division,...
