Mortgage Industry News
Robinhood Teams with Sage Home Loans on New Mortgage Offer
The new offer was first piloted during the summer to a small group of Robinhood Gold subscribers. Continue Reading Robinhood Teams with Sage Home Loans on New Mortgage Offer
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
HomeXpress Mortgage Corp. Acquired by Chimera Investment Corp.
HomeXpress will operate as a subsidiary of Chimera under the continuing leadership of President and CEO Kyle Walker. Continue Reading HomeXpress Mortgage Corp. Acquired by Chimera Investment Corp.
Mortgage Rates Remain Mostly Flat
The 30-year fixed-rate mortgage averaged 6.84% as of June 12. Continue Reading Mortgage Rates Remain Mostly Flat
Mortgage Application Activity Up 12.5%
The Refinance Index increased 16% from the previous week and was 28% higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 12.5%
Should I Consider 3.75% A Good Mortgage Rate?
Source: Value Walk --- Are you considering buying a home but unsure what mortgage rate to go with? Is 3.75% a good mortgage rate? It depends on several factors, including location and the market you are buying. 3.75% is considered a good mortgage rate. This number...
According to Ramit Sethi, These Are the Real Questions You Should Be Asking When Buying a Home
Source: The Ascent --- You don't want to rush into buying a home or make the decision to purchase for the wrong reasons. As a result, it's important to think carefully about certain key issues before moving forward with getting a mortgage and signing an agreement to...
Dave Ramsey Says You Should ‘Never’ Buy a House in This Situation. Here’s Why He’s Right
Source: The Ascent --- Buying a house is something many people look forward to. But, while this purchase can be one of the best of your life, it can also be one of the worst if you jump into property ownership before you are financially ready to take on a mortgage...
Mortgage payers face squeeze in 2023 after UK interest rate rises
Source: The Guardian --- Homeowners with mortgages will be among the biggest losers from the cost of living crisis in 2023 due to interest rate rises, while the wealthiest UK households will benefit from better returns on savings and investments, according to analysis...
Housing market: More and more home sellers dangle incentives to get buyers, study finds
Source: Yahoo! News --- The share of home sellers offering concessions to close a deal jumped in the final three months of 2022, a new report found. That was before sellers resorted to cutting their listing price to attract buyers. Approximately 42% of homes sold in...
Why you should refinance your mortgage in 2023
Source: CBS News --- With a new calendar year underway many Americans may be considering ways to both make extra money and cut corners to help save. Fortunately, there are multiple ways to access extra cash, save on insurance types and even cut lingering holiday...
Can a Realtor sell their own home?
Source: Bankrate --- In some ways, a real estate pro acting on their own behalf makes a lot of sense. They know the local market and the ins and outs of the industry. Arranging the perfect staging, getting gorgeous photos and hosting successful open houses all come...
Buying and Selling Real Estate in Australia (Updated)
Source: JDSUPRA --- KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER AUSTRALIAN LAW - The majority of land in Australia consists of freehold title. Registration of ownership of freehold title is recorded using the Torrens system. The Torrens system is a system of title by...
Home prices are going down and seller concessions on the rise, realtors say
Source: KGW8 News --- PORTLAND, Ore. — Portland real estate agents say the market is back into historical trends. The two-year home buying frenzy has slowed down as interest rates have hit nearly 7% - something that's stopped buyers from going all in on their future...
Mortgage approvals fall to lowest level – BoE report
Source: MPA Mag --- Net borrowing of mortgage debt by individuals rose in November 2022, but mortgage approvals for house purchases fell to its lowest level since mid-2020, according to lending data released by the Bank of England (BoE) on Wednesday. The central...
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