Mortgage Industry News
Beeline Introduces Realtor and Content Creator Partner Program
The new initiative is designed to accelerate origination growth in Debt Service Coverage Ratio (DSCR) mortgages. Continue Reading Beeline Introduces Realtor and Content Creator Partner Program
Mortgage Credit Availability Holds Steady
“Overall levels of credit supply remain tight but have generally grown since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Holds Steady
Mortgage Application Payments Down in September
Homebuyer affordability improved last month as the national median payment applied for by purchase applicants dropped by 0.8% from $2,057 in August to $2,041 in September, according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index. The...
Mortgage Rates Up for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31. Continue Reading Mortgage Rates Up for Fifth Straight Week
Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Mortgage rates were at a historic low of 2.65% in 2021 before soaring to decade-long highs of 7.79% in the fall of 2023. Continue Reading Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Wraparound Mortgage: What Is It And How It Works
Source: Forbes --- If you’re having trouble qualifying for a traditional mortgage, there may be another financing option available. A wraparound mortgage is a form of seller financing that’s designed to benefit both parties in the purchase. Buyers may have a better...
It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan
Source: CNBC --- It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News...
Hedge Fund Investor Who Called Housing Crash Eyes Venezuela Debt
Source: Yahoo Finance --- A hedge fund manager who correctly timed the crash of the US housing market and a crypto currency rally eight years ago thinks he’s found his next overlooked investment: Venezuelan debt. Bonds the country defaulted on nearly five years ago...
US Housing Market Cooling Off from West to East
Source: Fitch Ratings --- Fitch Ratings-New York-10 October 2022: Fitch Ratings estimates that U.S. home prices were overvalued by 12.2% for 2Q22 on a population-weighted average basis, according to a new Fitch Ratings report. Fitch expects that the overvaluation will...
What Is Metaverse Real Estate?
Source: Binance Academy --- Introduction The concept of the metaverse and digital real estate go hand in hand. But like many crypto trends, media coverage hasn't provided sufficient clarity. Just as it is with any other investment, it’s crucial to grasp the idea of...
‘Kicking myself I didn’t move faster’: fear and panic grips housing market
Source: The Guardian --- The phone has all but stopped ringing at Mullucks estate agent in Bishop’s Stortford – except for calls from buyers with bad news about collapsing chains. Since the chancellor Kwasi Kwarteng’s mini-budget two weeks ago, a chill has spread...
Zero-Down USDA Mortgages Aren’t Just for Farmers
Source: Yahoo Finance --- If you thought USDA loans were just for rural farmers, you wouldn't be the first person to make that mistake. After all, the program is available through the United States Department of Agriculture, and the Rural Development (RD) office...
Mortgage rates are up, sales of homes are down
Source: NPR --- AILSA CHANG, HOST: The U.S. housing market today looks very different from the frenzied market of about a year ago. Sales of existing homes dropped for the seventh month in a row as of September. Builders are breaking ground on fewer new homes now than...
International Conference For The Brightest Minds In Finance & Insurance
AGENDA AT-A-GLANCE Event Schedule Our exciting USA edition brings to you the latest happenings in the world of money and valuable info on the changing global financial landscape. As we focus on the revival of the economy after the COVID-19 pandemic, it is essential...
6 Mortgage Options for Seniors
Source: Total Mortgage --- Mortgage rates are on the rise, but that doesn’t mean retirees can’t take advantage of mortgage options for seniors, allowing them to downsize, purchase a second property, or take advantage of their home equity to pay off debt or make home...
