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Chrissi Rhea, Co-Founder and Chief Executive of Mortgage Investors Group, Passes Away
“She was the epitome of selflessness, giving not only her money but her time and gifts,” said her son, Kevin Rhea. Continue Reading Chrissi Rhea, Co-Founder and Chief Executive of Mortgage Investors Group, Passes Away
Mortgage Delinquency Rate Up Slightly from Last Year
The effects of Hurricanes Helene and Milton will likely impact the next quarterly report. Continue Reading Mortgage Delinquency Rate Up Slightly from Last Year
Additional Reading: Top Mortgage Industry News & Headlines
Rocket Mortgage Unveils AI-Driven Rocket Logic Platform
The platform combines insights from more than 10 petabytes of proprietary data and 50 million annual call transcripts with deep learning and generative AI systems. Continue Reading Rocket Mortgage Unveils AI-Driven Rocket Logic Platform
Fannie Mae: Homebuyers Are Adjusting to Higher Mortgage Rates
“Some households appear to be moving past the hurdle of last year’s sharp jump in rates,” said Fannie Mae’s Doug Duncan. Continue Reading Fannie Mae: Homebuyers Are Adjusting to Higher Mortgage Rates
Mortgage Rates Still Hovering Near the 7% Level
“We do not expect rates will decrease meaningfully in the near-term,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Still Hovering Near the 7% Level
Housing supply is finally improving, as high prices and rising rates weigh on sales
Source: CNBC --- One of the leanest housing markets in history might be putting on some fat. The supply of homes for sale could increase in the next few weeks, according to new data from Realtor.com. In April, inventory was 12% lower than in the same month last year,...
Adjustable-rate mortgage demand surges to 14-year high, as homebuyers try to afford this pricey spring market
Source: CNBC --- It could be more listings on the market, or perhaps just fear that interest rates will move even higher, but homebuyers are showing more demand for mortgages. They are, however, turning even more to adjustable-rate mortgages (ARMs), which offer lower...
Something big is happening in the housing market
Source: Fortune --- The most competitive housing market ever is finally showing signs of breaking. As data trickles in for April, it's becoming clear that the historically hot housing market has flipped trajectories. It's now in cooling mode. The number of homes...
Will Home Prices Fall This Year? Here’s What Experts Say.
Source: Keeping Current Matters --- Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say...
How Today’s Mortgage Rates Impact Your Home Purchase
Source: Keeping Current Matters --- If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach....
More than half of Americans say inflation may have a ‘big negative impact’ on long-term financial goals, survey finds
Source: CNBC --- Amid rising prices and a changing economy, many Americans question their ability to meet long-term financial goals, according to Country Financial’s Security Index. The survey polled 1,023 U.S. adults from March 18 to March 20, and more than half...
Inflation soars in Phoenix, Atlanta, Tampa as homebuyers arrive
Source: Fox Business --- Phoenix, Tampa and Atlanta are seeing some of the highest inflation rates in the country as the areas attract a surge of homebuyers, according to Redfin. Redfin deputy chief economist Taylor Marr said inflation, which surged 8.5% over the past...
Mortgage rate locks tumble amid sharp rate rise
Source: Housing Wire --- Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates, reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. Total mortgage rate locks by dollar volume...
Locked Means Locked
What does locking a rate do for clients? It keeps these rates in check. Some lenders that I use even let me lock and shop. What does that do? It lets the borrowers lock a rate in a rate for up to 90 days and then continue to shop for their homes. Continue Reading Locked Means Locked
Why Some Rate Quotes Are So Different And Why “Points” Are On The Rise
Source: Mortgage News Daily --- It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually risen? There’s a correct answer and then there’s the answer that can be gleaned from widespread...
