Mortgage rates are soaring

The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. 17, up 23 basis points from the previous week. It's the highest level since May 2019.

February 18, 2022 Was this email forwarded to you? Sign up for HousingWire's Daily Update here. Mortgage rates jump to 3.92% amid high inflation Mortgage The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. 17, up 23 basis points from the previous week. It's the highest level since May 2019. Compass nearly doubles losses in 2021 Brokerage, HW+ Exclusive Content Compass lost $494 million in 2021, a historically robust year for U.S. real estate, as the New York City brokerage continues to burn through money amid its rapid expansion. We're here to change the way you think about reverse mortgages For too long, a reverse mortgage has been seen as a last resort for people in desperate straits. At Reverse Mortgage Funding LLC, we know that when used thoughtfully, it can be a sophisticated part of a financial plan. That's why we're working to change the way people think about reverse mortgages.   Learn More! Sponsored by Reverse Mortgage Funding Why did the Senate block FHFA, Fed nominees? CFPB / Regulatory, Fed Policy This episode looks at some of the highlights of Fannie and Freddie's earnings reports and unpacks the Senate block on FHFA and Fed nominees. Listen Now! What are the building blocks of digital lending? Presented by Wolters Kluwer HousingWire recently sat down with Wolters Kluwer's Governance's Steve Meirink to discuss the impact of digital technology on mortgage and the future of digital lending in an era of accelerated innovation and digital transformation. How to be everywhere at once Customers and referral partners expect to find you on social media – and what they see there can impact whether you earn their business and referrals. MGIC's Social Media Café can help you harness the power of social media to efficiently engage your network. Learn more! Sponsored by MGIC Private-label market pushes back the pandemic blues Mortgage, HW+ Exclusive Content The performance of loan pools backing private-label securitization deals has continued to improve across most measurement metrics through the end of January after hitting a low point in mid-2020 at the height of the pandemic. Freddie Mac rolls out direct deposit income verification Politics & Money, Mortgage Potential homebuyers seeking Freddie Mac-backed mortgages will no longer have to hunt for paper pay stubs to verify their income. Learn How MISMO is Accelerating a Fully Digital Mortgage Process 1500+ lenders invested in MISMO's work to create essential industry standards and accelerate a fully digital mortgage process, end to end, last year. Learn more about MISMO's accomplishments and why we need your continued support by checking out MISMO's Annual Report. Learn more! Sponsored by MISMO Howard Hanna grows NJ presence with acquisition of Striker Realty Brokerage, IPO / M&A Fortifying its position in the New Jersey market, Howard Hanna | Rand Realty acquired Striker Realty, which has a presence in three markets. Kwx fortifies its offerings with acquisition of concierge services company Brokerage, IPO / M&A, Real Estate Tech Keller Williams acquires CPros, a full-service concierge transaction management service for real estate brokers and agents. Acra Lending offers business purpose loan programs for your real estate investors. Programs like our Fix & Flip, Bridge, and Long-Term Rental (DSCR/Multifamily) can help take your real estate investment loan offerings to the next level. Find out more at acralending.com Sponsored by Acra Lending HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039 Manage preferences

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