Source: US News — The most common mortgage loan terms are 15 and 30 years, but if you need a lower monthly payment, a 40-year mortgage may be an option. While this longer loan payoff period could reduce your mortgage payment and bring home affordability within...
Source: Forbes — Mortgage originator loanDepot on Tuesday unveiled a plan to cut thousands of jobs and reduce costs “significantly” as higher interest rates sink mortgage demand—becoming the latest company to warn that the housing market is due for a steeper...
Source: Mortgage News Daily — Mortgage rates moved sharply higher last week relative to where they ended the previous week. In the 3 weeks before that, rates fell at one of the fastest paces on record, largely because the starting point was the highest level...
Source: USA Today— As the pandemic housing market was booming, so was the interest in a career selling real estate. Membership in the National Association of Realtors grew from 1.48 million at the end of 2020 to 1.56 million at the end of 2021, according to a...
Source: Yahoo Finance — Two years in, this decade has already brought a global pandemic, record-setting inflation, rising interest rates and a country more divided than ever before. So why not a housing crash too? Americans who lived through the 2008 crisis may...
Source: Keeping Current Matters — Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this...
Mortgage Applications Fall Again as 30-Year Rate Climbs to 6.97%
