Mortgage application activity slowed during the week ending May 1, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 4.4% on a seasonally adjusted basis from one...
CommLoan, the Scottsdale, Arizona-based commercial real estate lending fintech, has expanded its platform to support land and build-to-rent (BTR) financing. The company stated that demand for both land and BTR financing has increased amid housing supply constraints....
A new survey released by Veterans United Home Loans has discovered a rather considerable amount of incorrect assumptions by prospective homebuyers when it comes to acquiring a property. More than one-third of respondents (34%) were under the impression that they...
Allen, Texas-headquartered Highlands Residential Mortgage has expanded its presence in Central Ohio with its acquisition of Equitable Mortgage. Founded in 1995, Equitable Mortgage has funded over $6 billion in residential loans in the Columbus region. It also...
The Pennsylvania Housing Finance Agency (PHFA) has rolled out Keystone – Due At Time of Expiration (K-DATE), a new home purchase assistance loan designed to offer downpayment and closing cost assistance with 0% interest and no monthly payments. According to the PHFA,...
After three consecutive weeks of declines, mortgage rates took an upturn in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.30% as of April 30, up from last week when it averaged 6.23%. A...
Hits and Misses for the Real Estate Week of June 22-26
