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Another foray into the frontier: Digital bank announces crypto mortgage product

Another foray into the frontier: Digital bank announces crypto mortgage product

by Third Party | Jan 20, 2022 | Mortgage Information, News/Current Events

Source: Scotsman Guide —  Another company is testing the waters of cryptocurrency within the real estate lending realm as Miami-based digital bank Milo announced a new crypto mortgage product. Touting “the world’s first crypto mortgage offering,” Milo said that...
Mortgage apps up 2.3% with new record average loan size

Mortgage apps up 2.3% with new record average loan size

by Third Party | Jan 20, 2022 | Mortgage Information, News/Current Events

Source: Housing Wire —  Mortgage applications increased 2.3% from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. 14. The seasonally adjusted Purchase Index rose 7.9%...
3 in 5 Home Offers Faced Bidding Wars in December, Even Amid Holiday Slowdown

3 in 5 Home Offers Faced Bidding Wars in December, Even Amid Holiday Slowdown

by Third Party | Jan 19, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Redfin News —  Nationwide, 59.6% of home offers written by Redfin agents faced bidding wars in December 2021, the lowest share in 12 months. That’s down from a revised rate of 61.3% in November, but up from 54% in December 2020. An offer is considered...
Rising mortgage credit availability to help offset rising rates

Rising mortgage credit availability to help offset rising rates

by Third Party | Jan 18, 2022 | Mortgage Information, News/Current Events

Source: WTOP News —  Banks and other lending institutions clamped down on lending standards when the pandemic hit, but mortgage credit availability has been easing in recent months. The Mortgage Bankers Association’s Mortgage Credit Availability Index rose 0.8%...
SRE TECHNOLOGIES SPENDING MONEY TO ATTRACT BORROWERS TO NEW PORTAL

SRE TECHNOLOGIES SPENDING MONEY TO ATTRACT BORROWERS TO NEW PORTAL

by Staff Writer | Jan 18, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

SOURCE: EIN PRESSWIRE SRE Technologies, Based in Torrance, Calif., has completed work on the company’s online destination for home buyers and sellers and are now promoting the offering to consumers in markets across the state of Utah. The company’s new web portal is...
How Much Will Today’s Median Home Price—$375K—Really Get You Across the U.S.?

How Much Will Today’s Median Home Price—$375K—Really Get You Across the U.S.?

by Third Party | Jan 18, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Realtor.com —  Homebuyers these days are one stressed-out group, and they have plenty of questions. They want to know how high mortgage rates will rise. How to win insane bidding wars. Whether to join the suburban rush or the big-city retreat. Whether...
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