Mortgage Industry News
A Phil Hall Op-Ed: Bill Pulte, Ken Paxton, and Hypocrisy in Mortgage Fraud Probes
Is the FHFA director intentionally refusing to investigate mortgage fraud claims against the Republican attorney general in Texas? Continue Reading A Phil Hall Op-Ed: Bill Pulte, Ken Paxton, and Hypocrisy in Mortgage Fraud Probes
Mortgage Rates Remain Flat
The 30-year fixed-rate mortgage averaged 6.58% as of Aug. 21. Continue Reading Mortgage Rates Remain Flat
Rocket Mortgage Debuts Program Offering Closing Cost Credits to Renters
Homebuyers with a Rocket mortgage earn 10% back on the last 12 months of rental payments Continue Reading Rocket Mortgage Debuts Program Offering Closing Cost Credits to Renters
Mortgage Rates in Further Decline
The 30-year fixed-rate mortgage averaged 6.87% as of Feb. 13. Continue Reading Mortgage Rates in Further Decline
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
Quantitative Easing’s Positive Legacy for US Mortgage Holders
Source: Advisor Perspectives --- As the Federal Reserve raises rates in an effort to stifle inflation, what are the implications for US mortgage holders? Thanks to the quantitative easing (QE) programs employed by the Fed after the global financial crisis (GFC),...
Housing inventory may not rebound for some time, despite slowing market
Source: Washington Business Journals --- Inventory has been a closely-watched metric of the U.S. housing market during, and leading up to, the Covid-19 pandemic.
Analysis-China’s mortgage boycott quietly regroups as construction idles
Source: Yahoo Finance --- BEIJING (Reuters) - Two months since many Chinese homebuyers stopped repaying mortgages to protest stalled construction on their properties, a lack of progress at more sites now threatens to intensify the boycott, despite assurances from...
Commercial Mortgages: Why apartment rental rates keep growing
Source: Richmond Times Dispatch --- Martha and the Vandellas probably were not singing about financial markets in their 1965 hit “Nowhere to run ... nowhere to hide,” but the song describes the feeling in the market for just about everyone. The possible exceptions...
3 Steps to Stress-Free Home Buying
Source: The Motley Fool --- If you're buying a home, you're making one of the biggest financial commitments of your life. You want to be sure you're in the right place financially to do so -- and that you make smart decisions during the home-buying process. This can...
Adjustable-rate mortgages are on the rise as interest rates soar
Source: Billings Gazette --- As interest rates shoot up, some buyers are turning to a different, and slightly more risky type of mortgage. Adjustable-rate mortgages, known as ARMs, have seen an uptick in popularity recently as home shoppers, eager to avoid soaring...
5 factors that affect your mortgage rates
Source: CBS News --- Interest is the cost you pay to borrow money. And though it's just one part of your monthly mortgage payments, it can often amount to significant costs over time and affect how much mortgage you can afford. Understanding how your mortgage...
Cash still king as nearly a third of homebuyers spurn costly mortgages
Source: Inman --- All-cash home purchases in the U.S. hit 31.4 percent of all transactions in July 2022, just short of an eight-year high reached in February 2022, according to new data released Friday by Redfin.
Mortgages: Why Now is a Good Time to Buy a Home
Source: Fox17 --- If you’re in the market to find a new house, higher interest rates and prices may have you concerned. MSUFCU Chief Marketing Officer, Deidre Davis, talks about why it’s still a great time to buy a home and how you can prepare. According to MSUFCU,...
Behind on your mortgage? 6 ways to catch up
Source: Bankrate --- With interest rates rising in an effort to curb inflation and recession fears escalating, you may find yourself worrying about what happens if you fall behind on your mortgage. The percentage of mortgages 30 or more days delinquent but not in...
