Rising mortgage rates and the purchase market

The rates reported today are still incredibly low, but they underline that at some point the refi share of mortgage lending will trail off.

Good afternoon —   The rates reported today for average 30-year fixed mortgages are still incredibly low by any standard except 2020, but they underline the reality that at some point soon the refi share of mortgage lending is going to trail off to more normal levels.   Which is why one week from today we'll be hosting our Spring Summit focused on The Year-Round Purchase Market, covering the topics that will be most important as your business evolves this year. We have a packed agenda with 14 sessions on: Mortgage tech Servicing challenges The economic forecast Winning in competitive markets Valuations/Appraisals eClosings/RON Mortgage disruption UWM CEO Mat Isbhia is our headliner, sitting down for a one-on-one session with HousingWire CEO Clayton Collins to discuss wholesale, the future of the broker channel and why the company went public.   Other housing luminaries will include Blend CEO Nima Ghamsari, CoreLogic's Selma Hepp, Figure Technologies CEO and co-founder Mike Cagney, HousingWire Lead Analyst Logan Mohtashami, top Century 21 Realtor Xio Sandoval, the MBA's Lisa Haynes and many more.   The 2021 Spring Summit is designed for our HW+ premium members, who get access to all HousingWire virtual events, the long-form digital features on HousingWire.com, an exclusive Slack community and more. Sign up for HW+ membership and register for the summit here, or get event-only access for your company or team here.   Until tomorrow —   Sarah Wheeler HousingWire Editor in Chief Sue Woodard on the current state of mortgage technology    Total Expert's Sue Woodard uses her unique perspective as a chief customer officer to discuss the current state of mortgage technology. Listen now FHFA extends forbearance period to 18 months    In an effort to protect homeowners, the FHFA extended forbearance coverage to 18 months and pushed the eviction and foreclosure moratorium to June 30. How Nonbank Lenders Disrupt the Mortgage Lending Industry Discover the tech tools and strategies of nonbank lenders. Explore the trends that nonbanks are capitalizing upon to capture market share. Learn how lenders, bank and nonbank alike, can be prepared for what lies ahead. Tell Me More. Sponsor Content Mortgage rates climb higher to 2.97%    The average mortgage rate for a 30-year fixed loan is now just 3 basis points away from 3%, after a 16 basis point jump according to Freddie Mac. Making housing more affordable by bridging the affordable supply gap   In the last few years, the number of existing single-family homes for sale has decreased. But home prices have increased. To make homeownership a possibility for everyone, there needs to be a higher supply of affordable homes. Presented by Fannie Mae HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039, (469) 893-1480 Unsubscribe Manage preferences

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