Newmark, New York, facilitated a $450 million refinancing loan for an office skyscraper in Houston.
Category: News and Trends
Quote of the Day
“One small surprise emerged with refinancings increasing again despite rising interest rates. That may have happened because rates started the quarter at one of the more attractive points over the past few years, suggesting that homeowners were trying to get their mortgages reset before borrowing costs went back up.”
— Rob Barber, CEO at ATTOM, on Q4 mortgage numbers
Redfin: Typical Buyer Putting Up 16.3% Down Payment
Redfin, Seattle, reported that the typical U.S. homebuyer’s down payment in December was 16.3% of the purchase price, up from 15% a year earlier.
MISMO Seeks Public Comment on New Housing Counseling Dataset Specification
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on a new Housing Counseling Dataset Specification (HCDS).
NAR: Pending Home Sales Drop 4.6% in January; Index at All-Time Low
The National Association of Realtors, Chicago, reported pending home sales in January from December dropped 4.6%.
ATTOM: Refinance Activity Up in Q4 Amid Continued Challenges
ATTOM, Irvine, Calif., released its fourth-quarter 2024 U.S. Residential Property Mortgage Origination Report, showing that 1.64 million mortgages secured by residential property were issued in the United States during Q4.
Quote of the Day
“Homebuyer affordability conditions declined further in January as volatile mortgage rates and high home prices continue to impact many prospective buyers’ purchasing power.”
–Edward Seiler, MBA’s Associate Vice President, Housing Economics, and Executive Director, Research Institute for Housing America
MBA: Mortgage Application Payments Increased 3.7% to $2,205 in January
Homebuyer affordability declined in January, with the national median payment applied for by purchase applicants increasing to $2,205 from $2,127 in December.
New-Home Sales Drop in January, Census Bureau, HUD Report
New single-family homes in January sold at a seasonally adjusted annual rate of 657,000, according to estimates released Feb. 26 by the U.S. Census Bureau and Department of Housing and Urban Development.
Dealmaker: M&T RCC Closes $38.71M Loan for New York City Property
M&T Realty Capital Corp., Baltimore, provided $38.71 million in financing via a Freddie Mac Targeted Affordable Housing loan for a property in Long Island City, Queens, New York.