Housing Market Check-In: What Lies Ahead in 2022
Mortgage rates rose, the number of home sales fell, and prices continued to climb in the first quarter of the year, but economists foresee the hot and frenzied housing market finally cooling for the remainder of 2022. From inflation and supply-and-demand to war in the Ukraine, experts say the numerous economic factors at play will
2022 Housing Trends to Watch
No doubt about it: The 2022 housing market has had a wild start. Check out these trends to learn what experts predict this year. Climate risks may factor into buying choices Homeowners are caring more about how climate risks could affect their overall costs (e.g., floods and wildfires). According to Redfin, the uptick in natural
What Lies Ahead for the Housing Market in 2022?
The increase in the price of homes in 2021 was one for the record books, with an 18 percent increase in prices between September 2020 and September 2021 Now the question on the minds of home buyers and sellers is what’s going to happen in 2022. Will these record price gains continue? Or will buyers
WCM Conventional Loan Limits Set to Increase in 2022
Per Fannie Mae and Freddie Mac, Wyndham Capital Mortgage is announcing that Fannie Mae and Freddie Mack are increasing conforming loan limits beginning January 1, 2022. News of the increase follows the official public notice made by Fannie Mae and Freddie Mac revealing the raise of the current baseline – $548,250 for single-family homes –
Attention Homeowners: Forbearance and Foreclosure Protections Continue
A federal ban on foreclosures comes to an end July 31, but the White House has announced enhanced assistance for homeowners to potentially help those affected to remain in their homes. This is good news for homeowners who have experienced income loss due to hardships caused by COVID-19. Homeowners with government-backed mortgages will receive a
WCM Insights: Rising Rates & Applications
Those who have recently considered buying or refinancing a home and those who work in the mortgage industry have watched mortgage interest rates decrease over the past several months. These low rates created a great opportunity for first-time homebuyers and sellers.