Home - MortgagePoint
WEBThe MortgagePoint Advantage. We see a future where every decision in the industry is informed, every professional is connected, and every challenge is met with innovative solutions. Read More. We aim to set the standard for the future, envisioning MortgagePoint as the indispensable hub for mortgage professionals nationwide.
Welcome - The MortgagePoint
WEBWelcome to MortgagePoint! In our continuous effort to provide comprehensive and timely information, we've combined the strengths of DS News and MReport into one unified platform - MortgagePoint. This new platform offers a 360-degree view of the mortgage industry, including insights on loan origination, default servicing, and more.You will be redirected to MortgagePoint, where you
Homebuyers No Longer Spooked by Market Conditions
WEB1 day ago · The real estate market has been hampered by the “lock-in” effect for many years now, whereby homeowners, who are tied into a relatively cheap mortgage rate, have been remaining there, having a negative influence on available inventory. In actuality, 84% of active mortgages had a mortgage rate under 6% as of mid-2024, while 56% had a rate ...
Easing Housing’s “Lock-In” Effect - The MortgagePoint
WEBJul 24, 2024 · The main consequence of these low rates is something called the “lock-in effect” caused by homeowners with those pandemic-era 3% interest rates making the choice to stay put in their favorably-financed home—even if it doesn’t meet their needs anymore—to avoid taking out a new mortgage at the …
How Much Do Buyers Need to Afford the Typical Starter Home?
WEB4 days ago · September 30, 2024. According to a new Redfin analysis, Americans must make $76,995 annually to afford the median priced starter home ($250,000), a 0.4% decrease from the previous year. Since August 2020, when mortgage rates were getting close to a record low, that is the first annual drop. Although the cost of a …
Homebuyer Affordability Continues to Improve - The MortgagePoint
WEB4 days ago · Homebuyer affordability increased for White households, with the national PAPI decreasing from 168.8 in July to 162.3 in August. “Homebuyer affordability conditions improved for the fourth consecutive month, with lower mortgage rates, rising incomes, and slower home-price growth giving prospective buyers’ budgets a much-needed boost ...
Housing Market Nears $50T Valuation Milestone - The …
WEBAugust 8, 2024. The U.S. housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 trillion, according to a new report by Redfin. This represents a $3.1 trillion increase over the past year, marking a 6.6% year-over-year growth.
Mortgage Application Payments Take a Dip - The MortgagePoint
WEBSep 4, 2024 · Additional Key Findings of MBA’s Purchase Applications Payment Index (PAPI) – July 2024. The national median mortgage payment was $2,144 in July—down $27 from June. It is down by $22 from one year ago, equal to a 1.0 percent decrease. The national median mortgage payment for FHA loan applicants was $1,838 in July, down from $1,907 in June ...
National Median Mortgage Payments Drop - The MortgagePoint
WEBJul 26, 2024 · The national median mortgage payment for FHA loan applicants was $1,907 in June, down from $1,924 in May and up from $1,854 in June 2023. The national median mortgage payment for conventional loan applicants was $2,180, down from $2,226 in May and down from $2,205 in June 2023. The top five states reporting the highest PAPI were: Nevada (259.4 ...
Average Mortgage Down Payment Jumps to Record High
WEBAugust 28, 2024. Redfin reports that the typical down payment for U.S. homebuyers hit a record high of $67,500 in June 2024, up 14.8% from $58,788 year-over-year, marking the 12th consecutive month the median down payment has risen year-over-year. The nearly-15% jump in the median down payment significantly outpaced the increase in …