Mortgage Industry News
Mortgage Rates Remain Flat
Fannie Mae predictied mortgage rates will end 2025 and 2026 at 6.4% and 6.0%, respectively. Continue Reading Mortgage Rates Remain Flat
Mortgage Application Activity Inches Up Again
The FHA share of total applications decreased to 18.7% from 19% the week prior. Continue Reading Mortgage Application Activity Inches Up Again
PennyMac Premieres ‘Bring It Home’ Video Series for New Homeowners
The first installment of the series will feature 20 short videos. Continue Reading PennyMac Premieres ‘Bring It Home’ Video Series for New Homeowners
Mortgage Application Activity, Credit Availability on the Rise
The MBA’s Mortgage Credit Availability Index (MCAI) rose by 2.5% to 99.0 in January Continue Reading Mortgage Application Activity, Credit Availability on the Rise
Forecast: Commercial/Multifamily Mortgage Borrowing and Lending to Rise 16% This Year
Multifamily lending alone is expected to rise to $361 billion this year. Continue Reading Forecast: Commercial/Multifamily Mortgage Borrowing and Lending to Rise 16% This Year
Will Mortgage Rates Keep Soaring in 2023?
Source: The Ascent --- There's a reason so many people wanted to buy a home in 2021. Last year, mortgage rates were quite attractive, and even though real estate prices were through the roof, borrowing rates were low enough to make homeownership appealing. This year,...
Mortgages Have Gotten Expensive — but Here’s One Way You Can Save
Source: Nasdaq --- For much of 2021, it was more than possible to sign a 30-year mortgage at under or around 3%. But those days are long gone. Mortgage rates have risen at a rapid clip since the start of 2022. And at this point, borrowers are looking at somewhere in...
How do you refinance your mortgage?
Source: CBS News --- Refinancing your mortgage essentially means replacing it. You get a new loan, ideally one with more favorable terms, use it to pay off the old one, and voila — you've refinanced. Homeowners often refinance to lower their interest rate, reduce...
‘A ray of hope’: As mortgage rates fall for a fourth week, experts say homes may soon become affordable again — even if volatility is here to stay
Source: Yahoo! --- Mortgage rates are continuing their downward trend as investors keep a lookout for more signs of cooling inflation. “This week, labor cost data provided a ray of hope as it showed that hourly compensation was lower than previously reported in the...
Best Mortgage Lenders For First-Time Homebuyers
Source: Next Advisor --- Buying a house for the first time can put a strain on your budget. Fortunately, first-time homebuyer programs can ease the pressure by offering some form of financial assistance. Considering how much home prices have increased in the past few...
What is a commercial mortgage? Learn everything in this article!
Source: MPA Mag --- You have been running a successful business for a couple years, but you need to either update your current commercial real estate property or buy a new one. This is where a commercial mortgage comes in. These types of mortgages are like...
3 smart times to refinance your mortgage
Source: CBS News --- When you first bought your home, there's a good chance you took out a long mortgage, like a 30-year fixed-rate loan. While that might have felt like almost a lifelong decision, the reality is that homeowners can often change their mortgages by...
Mortgage rates hit lowest point since September
Source: Yahoo! Money --- Mortgage rates retreated further this week, hitting their lowest point since September, but economic uncertainty continues to weaken homebuyer demand. The rate on the average 30-year fixed mortgage declined to 6.33% this week from 6.49% the...
Mortgage Rates Are Falling Fast But Homebuyers Aren’t Biting
Source: Forbes --- Mortgage rates have dipped for a fourth straight week, notching their biggest extended decline in 14 years. Despite the tumbling rates, demand for loans remains weak, with homebuyers looking for more incentives to jump back into the market. The...
Mortgage rates fall for the fourth week in a row
Source: CNN --- Mortgage rates dipped again this week, dropping for the fourth week in a row. The 30-year fixed-rate mortgage averaged 6.33% in the week ending December 8, down from 6.49% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate...
