Mortgage Industry News
Mortgage Rates Drop for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.17% as of Oct. 30. Continue Reading Mortgage Rates Drop for Fourth Straight Week
Median Monthly Housing Payment in Biggest Decline Since Last November
Redfin attributed the lower payment level to declining mortgage rates. Continue Reading Median Monthly Housing Payment in Biggest Decline Since Last November
Rocket Mortgage to Offer Bridge Loans for Homeowners
“With this new flexibility, buyers can quickly and confidently secure their next home,” said Rocket’s Bill Banfield. Continue Reading Rocket Mortgage to Offer Bridge Loans for Homeowners
Mortgage Rates Trickle Lower
The 30-year fixed-rate mortgage averaged 6.81% as of June 18. Continue Reading Mortgage Rates Trickle Lower
Gen Z Accounts for 12% of VA Purchase Loan Market
Gen Z homebuyers using VA loans are most concentrated near large military communities like San Antonio, Virginia Beach, and Colorado Springs. Continue Reading Gen Z Accounts for 12% of VA Purchase Loan Market
Yardi Launches New Solution to Qualify Affordable Housing Applicants
Feb. 7, 2023 (Staff Writer)- An automated service now available from Yardi will change the way many affordable housing providers verify the income and assets of applicants and residents. Yardi Verification Services is the latest innovation to the Yardi...
Leora Ruzin Tapped as Editor of Weekly RE News
SALT LAKE CITY -- February 6, 2023 -- Weekly Real Estate News, a publication dedicated to providing the best real estate and mortgage industry news and information available anywhere to the more than 1.25 million industry professionals who rely on it, has announced...
UWM APPOINTS ANDREW HUBACKER CHIEF FINANCIAL OFFICER
Feb. 6, 2023 (Staff Writer)- United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, has named Andrew Hubacker its new Chief Financial Officer. Hubacker will assume the position immediately and will oversee all financial aspects of the...
Roofstock onChain Sells home in Alabama as an NFT, Purchased on Ethereum platform using StableCoins
Feb. 06, 2023 (Staff Writer)- Roofstock, the leading digital real estate platform specializing in single-family rental (SFR) properties, today announced the sale of an Alabama rental property via a non-fungible token (NFT) enabled by Roofstock onChain (ROC), its web3...
4 Steps to Take if You’re House Poor
Source: The Ascent --- If your housing expenses -- including mortgage payment, homeowners insurance, utilities, maintenance, and property taxes -- leave you with little left over each month, you may be called "house poor." The first thing to know is that there's no...
Mortgage rate buydowns: How Horry Co. builders are keeping prices up & buyers coming
Source: ABC 15 News --- HORRY COUNTY, S.C. (WPDE) — Not even the cold weather can cool down the housing market in Horry County, as home builders are finding creative ways to keep prices stable while also giving buyers more power. Mortgage rate buydowns are the latest...
Housing Market Update: $2,500 Monthly Budget Buys A $400,000 Home For First Time Since September As Rates Dip Below 6%
Source: Redfin --- Home sellers are starting to come off the sidelines to meet buyer demand as mortgage rates steadily decline, with new listings and pending sales both posting their smallest drops in four months. A homebuyer on a $2,500 monthly budget can afford a...
‘Our mortgage got so high we put off having a baby’
Source: BBC News --- Alex Czok and her husband Tom Beech had hoped to start a family this year but when their mortgage went up by hundreds of pounds they put their plans on hold. They are one of the four million UK households facing higher mortgage bills this year....
What Fed Rate Increases Mean for Mortgages, Credit Cards and More
Source: The New York Times --- As the Federal Reserve has lifted its key interest rate several times over the past year, Americans have seen the effects on both sides of the household ledger: Savers benefit from higher yields, but borrowers pay more. Here’s how it...
Home Equity Flattens Out Across U.S. In Fourth Quarter Of 2022
Source: ATTOM --- IRVINE, Calif. — Feb. 2, 2023 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its fourth-quarter 2022 U.S. Home Equity & Underwater Report, which shows that 48 percent of mortgaged residential...
