What 5% mortgage rates mean for the housing market

How can we tell if higher mortgage rates are doing their job to cool off home prices? Looking at trends in purchase application data is key.

April 18, 2022 Was this email forwarded to you? Sign up for HousingWire's Daily Update here. What 5% mortgage rates mean for the housing market Politics & Money, Real Estate, HW+ Exclusive Content How can we tell if higher mortgage rates are doing their job to cool off home prices? Looking at trends in purchase application data is key. Some lenders won't survive the purchase mortgage market of 2022 Mortgage, HW+ Exclusive Content HousingWire interviewed over a dozen analysts, mortgage executives, loan officers, and consultants to answer the trillion-dollar question: who is positioned to win in the purchase market, and who will likely bite the dust? Why You Should Add Title To Your Ecosystem Lenders, Proptechs, and Institutional Investors can all benefit by incorporating title into their business. The question is should you build, buy, or partner?   Now there's an exciting new option... Sponsored by Closepin How will higher rates affect housing inventory? Podcasts Logan Mohtashami joins us again to discuss how rates over 5% will affect the market, recession flags to watch for, inventory and more. Listen Now! Freddie Mac updates risk mitigation requirements for the industry due to elevated cybersecurity threats Presented by FundingShield As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase. These risks should be top-of-mind for mortgage professionals, as evidenced by recent changes at Freddie Mac that emphasize risk mitigation and cybersecurity efforts. Elevate the homeownership journey, from start to close. From automating VOA reports to leveraging remote online notarization, SimpleNexus is the solution for each step of the digital mortgage process. Learn Why Sponsored by SimpleNexus Fannie Mae: Affordability fears affecting housing inventory Mortgage A Fannie Mae survey found that consumer perception around housing affordability is in part contributing to inventory constraints. Supercharged Lending: How AI Gives Lenders a Competitive Edge Discover how today's savviest lenders use AI to capture market share, delight customers, cut costs, reduce risk and streamline operations. Learn how AI can help your organization stand out and compete today – and in the future. Learn More! Sponsored by InRule Technology Home prices accelerated at fastest pace in 47 years during Q1 Agent, Real Estate Home price growth accelerated at a rapid pace during the first quarter of 2022, according to the Fannie Mae Home Price Index, published on Friday. Wells Fargo, JPMorgan and the mortgage storm to come Mortgage, HW+ Exclusive Content The nation's two largest depository mortgage lenders reported big declines in home lending in Q1. What does that mean for everybody else? The 2022 ServiceLink State of Homebuying Report was just released! This comprehensive report examines shifting experiences and approaches to homebuying and refinancing and changing attitudes about the role technology plays in the process. Download it here! Sponsored by ServiceLink How can we bridge the talent gap in title and escrow? Closing, HW+ Exclusive Content If you look around the title insurance industry, there's a decade gap in the ages of the industry's talent pool. Patrick Stone, founder and executive chairman of the Williston Financial Group, shares how the industry needs to address this. Want to be your borrowers' BFF (Best Financial Friend)? The average lender loses 80% of past borrowers to competitors. To prevent churn, mortgage advisors must earn more than clients' business — they must earn their trust. Learn how to make the leap from loan officer to financial friend. Learn More! Sponsored by Computershare Loan Services HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039 Manage preferences

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