RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Mortgage Mix: Higher Interest-Rate Environment Likely Here to Stay in 2023

Home Agents
By Jordan Grice
January 6, 2023
Reading Time: 2 mins read
Mortgage Mix: Higher Interest-Rate Environment Likely Here to Stay in 2023

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon.

  • It’s a cold winter, or at least a cooler market, as mortgage rates saw a 15 bps increase from last week, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). This week, the 30-year fixed-rate mortgage averaged 6.42%, up from 6.27%.
  • Folks can expect another year of higher interest rates, according to minutes from the Federal Reserve’s December meeting. The meeting minutes confirm plans the central bank telegraphed last month as real estate economists broadly project rates will settle around 5% by the end of 2023.
  • According to a new report from CoreLogic, the number of borrowers who were at least 30 days late on their mortgage payments dipped in October. The data shows that 8% of all mortgages in the U.S. were in some stage of delinquency, down 1% YoY.
  • Rocket Mortgage launched a special-purpose credit program intended to increase accessibility to homeownership by offering first-time buyers up to $7,500 in credits to use toward their mortgage costs. Dubbed “Purchase Plus,” Rocket Mortgage CEO Bob Walters called the program a “catalyst that will help narrow the homeownership gap.”
  • Mortgage applications decreased 13.2% from two weeks earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Dec. 30, 2022. The results include adjustments to account for the holidays. The holiday-adjusted Refinance Index decreased 16.3% from two weeks ago and was 87% lower than the same week one year ago.

An increase in conforming loan limits by the Federal Housing Finance Agency (FHFA) could be a boon for buyers in 2023 as a recent Zillow report suggests that more than 2 million homes across the country no longer need a jumbo loan, making them more financially accessible for consumers.

Tags: Conforming Loan LimitsInterest RatesMLSNewsFeedMortgage ApplicationsMortgage DelinquenciesMortgage MixMortgage RatesMortgages
ShareTweetShare

Jordan Grice

Jordan Grice is a senior editor for RISMedia.

Related Posts

Mortgage Mix: Mortgage Rates Edge Lower in the Wake of Banking Turmoil
Agents

Mortgage Mix: Mortgage Rates Edge Lower in the Wake of Banking Turmoil

March 24, 2023
Second Century Ventures Announces Early Acceptances for 2023 REACH U.S. Programs
Agents

Second Century Ventures Announces Early Acceptances for 2023 REACH U.S. Programs

March 24, 2023
NextHome Forms Relationship with Realtor.com
Agents

NextHome Forms Relationship with Realtor.com

March 24, 2023
Evocalize and Side Announce Partnership
Agents

Evocalize and Side Announce Partnership

March 24, 2023
Bank Crashes Add New Uncertainty for Commercial Sector, Apartments
Agents

Bank Crashes Add New Uncertainty for Commercial Sector, Apartments

March 24, 2023
Fathom: Weak Q4 but Strong YoY Revenue, Agent and Transaction Growth
Agents

Fathom: Weak Q4 but Strong YoY Revenue, Agent and Transaction Growth

March 24, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

4 Ways to Leverage Augmented Reality to Improve the Homebuying Experience

From improving the showing experience to helping clients visualize what their new home could look like, here are a few ways that augmented reality could help you improve your client's search for their perfect home. Read more.

Business Tip of the Day provided by

Recent Posts

  • Easy Ways to Incorporate Fitness into Your Busy Routine
  • 5 Home Hazards to Avoid in Winter
  • 6 Ways to Save Money on Your Monthly Bills

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

x
X