Mortgage Industry News
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
Grant Cardone on Biden’s Homebuyer Tax Credit Plan: ‘Is Joe Dumb?’
Cardone cited homebuyer costs to dilute the impact of the Biden plan. Continue Reading Grant Cardone on Biden’s Homebuyer Tax Credit Plan: ‘Is Joe Dumb?’
Vision Mortgage Group Debuts Loan Program for First-Time Buyers
The program features a 1% down payment and 2% grant down payment assistance. Continue Reading Vision Mortgage Group Debuts Loan Program for First-Time Buyers
Rocket Mortgage Settles HUD Charges of Discrimination Against Native Americans
The settlement includes $65,000 compensation to the complainants. Continue Reading Rocket Mortgage Settles HUD Charges of Discrimination Against Native Americans
More awful news for homebuyers: Mortgage rates just made the biggest jump this century
Source: Fortune --- Historically low rates were nice while they lasted. In another hit to prospective homebuyers, the average 30-year fixed mortgage rate hit 4.42% this week, up 1.31 percentage points from three months ago, according to Freddie Mac. That's the largest...
Mortgage Rates Keep Rising Faster Than Experts Expected. That Makes It Even More Important for Homebuyers to Shop Around
Source: Time --- Things got tougher for homebuyers this week as mortgage rates continued to rise more quickly than experts expected. The average 30-year fixed rate was 4.59% this week, a rise of 19 basis points from a week earlier. Rates were below 4% just three...
DFW Real Estate Expert Offers Tips For Homebuyers Going Up Against Investors
Source: News Yahoo --- Michael Coburn with RE/MAX offers some tips for homebuyers looking to beat investors.
7 Secrets No One Tells You That’ll Help You Buy a House Right Now
Source: Realtor --- Once upon a time, wannabe homebuyers could leisurely peruse a variety of properties in their price range, mull over their choices, put in an offer, and presume they’ll be moving in soon enough. But how things have changed! In today’s hot seller’s...
Mortgage Goals: Which One Is Right for You?
Source: Realtor --- You finally bought the perfect midcentury modern home with a backyard spacious enough for entertaining your family and friends. And you even scored an outstanding mortgage loan with a fantastic 30-year fixed rate. Well done! So you can sit back and...
How to avoid real estate scams
Source: The Washington Post --- Real estate transactions require moving large sums of money from buyers to sellers, a process that unfortunately entices scammers. According to the National Association of Realtors and FBI data, more than 13,500 people were victims of...
What the Fed’s March rate hike means for homebuyers and sellers
Source: Bankrate --- In an effort to rein in raging inflation, the Federal Reserve boosted interest rates in mid-March. The move had been anticipated by the mortgage market — mortgage rates rose to 4.4 percent in a recent Bankrate survey of lenders, which was...
The housing market enters uncharted waters
Source: Fortune --- Fed Chair Jerome Powell is done sitting idly on the sideline as inflation burns away Americans’ purchasing power. The plan? Draw upon the central bank's decades-old inflation playbook by increasing rates until demand pulls back and price growth...
Don’t Get Caught Off Guard by Closing Costs
Source: Keeping Current Matters --- As a homebuyer, it’s important to plan and budget for the expenses you’ll encounter when you purchase a home. While most people understand the need to save for a down payment, a recent survey found 41% of homebuyers were surprised...
7 Things Today’s First-Time Homebuyers Should Consider
In today’s market, things are a little intense for first-time home buyers. But just because house prices are skyrocketing and interest rates are higher than what they were a year ago doesn’t mean buying a home is out of reach for you. In this article, we help walk...
