Mortgage Industry News
Mortgage Originations Up 19% During Q2
A total of 689,217 refinance loans were issued in the second quarter, up 16.4% from the prior quarter. Continue Reading Mortgage Originations Up 19% During Q2
30-Year Fixed-Rate Mortgage Downticks to 10-Month Low
The 15-year fixed-rate mortgage averaged 5.69%, unchanged from last week. Continue Reading 30-Year Fixed-Rate Mortgage Downticks to 10-Month Low
Refinancing Fuels 20.4% Upswing in Mortgage Application Activity
The seasonally adjusted Purchase Index increased 9% from one week earlier. Continue Reading Refinancing Fuels 20.4% Upswing in Mortgage Application Activity
Union Home Mortgage Acquires Nations Reliable Lending
The financial terms of the deal were not disclosed. Continue Reading Union Home Mortgage Acquires Nations Reliable Lending
Bank7 Acquires First American Mortgage
First American Mortgage has operated since 1993 and facilitated over $3 billion in funding. Continue Reading Bank7 Acquires First American Mortgage
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...
Surging interest rates sucker punch homebuilders and buyers alike in metro Denver
Source: The Denver Post --- Long lead times to complete new homes have combined with rapidly rising interest rates, now at 15-year highs, to put metro Denver homebuilders and their customers in a predicament unlike any seen since the housing bust.
Want to Buy a Home Without a Mortgage? Here’s How
Source: The Motley Fool --- Mortgages have gotten expensive. Last year, it was more than possible to sign a 30-year mortgage at under 3%, especially with great credit. Nowadays, you might end up paying somewhere around 6% for a 30-year loan. Unfortunately, most buyers...
Choice: A new luxury amidst the sell-off
Source: Chase --- Market update: Breaking points There has been one question for investors to consider this year: What would it take to break inflation? The hope at the beginning of the year was that a combination of interest rate hikes and natural resolution of...
Real Estate Debt Becoming An Attractive Investment As Stocks Fall And Mortgage Rates Climb
Source: Yahoo Finance --- The housing market and all of the uncertainty plaguing it is undoubtedly on the minds of prospective buyers, sellers and investors. As the Federal Reserve continues to try to curb inflation through the increase in rates, its been indirectly...
Unlimited pixels, and I still can’t afford real estate in the metaverse
Source: Real Change News --- We’ve had internet bulletin boards, listservs, text websites, game environments, websites, interactive websites. Now we’re seeing metaverse real estate. I’m already completely lost and left out in the cold in the new metaverse. I’m...
4 Things to Know About Buying a House With a Recession Looming, According to Experts
Source: Apartment Therapy --- When you hear the phrase “looming recession,” your initial reaction may be to freeze your spending — especially if you’re still haunted by the last economic downturn in which a housing boom and bust led to a subprime mortgage meltdown....
