Mortgage rates for the fifth straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.46% as of April 2, up from last week when it averaged 6.38%. A year ago at this time, it...
Finance of America Reverse LLC has unveiled HomeSafe Second Line of Credit, which is being promoted as the “industry’s first second-lien reverse mortgage line of credit.” According to the Plano, Texas-based company, the product enables homeowners age 55 and older to...
Mortgage application activity slowed during the week ending March 27 amid a steep decline in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, fell by 10.4% on...
A new partnership between loanDepot Inc. (NYSE: LDI) and Betenbough Companies has brought forth Olive Branch Home Loans, a startup mortgage company serving homebuyers across West Texas. The new entity is the first loanDepot’s partnership channel enables homebuilders...
The national median mortgage payment during February was $2,061. down $9 from January and down by $144 (6.5%) from one year earlier. According to data from the Mortgage Bankers Association (MBA), last month’s national median mortgage payment for conventional loan...
Mortgage rates continued to rise for the fourth straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.38% as of March 26, up from last week when it averaged 6.22%. A year ago...
Serial Squatter Sentenced to 20 Years in Texas Fraud Case
30-Year Fixed-Rate Mortgage Rises to 6.71%, Highest Level in Over a Year
