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Rocket Mortgage Debuts Program to Lower Home Loan Payments
Homebuyers are eligible if they are purchasing a single-family home and have income equal to or less than 80% of their area median income. Continue Reading Rocket Mortgage Debuts Program to Lower Home Loan Payments
Monthly Mortgage Payments Record First Annual Decline in 4 Years
Redfin said monthly payments dipped 0.1% dip from one year ago. Continue Reading Monthly Mortgage Payments Record First Annual Decline in 4 Years
Additional Reading: Top Mortgage Industry News & Headlines
Thrive Mortgage and Lower.com to Merge
Lower CEO and co-founder Dan Snyder will lead the combined team. Continue Reading Thrive Mortgage and Lower.com to Merge
Mortgage Marketplace Stairs Financial Raises $3.5 Million in Funding Round
Stairs is now live in Texas with licenses across 40 states, and the company plans to expand nationwide in early 2024. Continue Reading Mortgage Marketplace Stairs Financial Raises $3.5 Million in Funding Round
Refinances Fuel Uptick in Mortgage Application Activity
The Refinance Index increased 19% from the previous week and was 27% higher than the same week one year ago. Continue Reading Refinances Fuel Uptick in Mortgage Application Activity
Non-profit pays off mortgage on home of U.S. Marshal killed in Baton Rouge
Source: brproud.com --- JACKSON, Miss. (AP) — A non-profit group has fully paid the mortgage of a U.S. Marshal killed in the line of duty at a motel in Baton Rouge, Louisiana. The Tunnel to Towers Foundation in a news release announced New Year’s Eve that it had paid...
For some, a reverse mortgage might be the key to a better life
Source: The Santa Clarita Valley Signal--- Life is full of experiences – work, finding love, paying taxes, staying healthy, raising a family and more. Once a person reaches a certain age, it is time to relax and enjoy life and loved ones as much as possible. However,...
HPD Announces Plans For 100% Affordable Development In Brooklyn
Source: Real Estate Weekly --- The New York City Department of Housing Preservation and Development (HPD) today announced the development partners and plans for Site 1 of the Bedford-Stuyvesant Community Wealth and Wellness RFP. Almat Urban and the Bedford-Stuyvesant...
Real estate trends to follow in 2022
Source: York News Times --- Rent-to-own platform ZeroDown compiled a list of 10 real estate trends to follow in 2022 using information from real estate agents, forecast models, brokers, and other real estate experts.
Both Multifamily and Single-Family Production Enjoy Double-Digit Gains in the U.S.
Source: The World Property Journal --- According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, single-family and multifamily housing production accelerated in November, due to strong demand for new construction. Overall housing...
Mortgage rates tick up but remain low in final days of 2021
Source: ABC News --- SILVER SPRING, Md. -- Average long-term U.S. mortgage rates moved slightly higher in the final week of 2021. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark, 30-year home loan ticked up to 3.11% this week from...
Omicron variant drives decrease in mortgage rates: Freddie Mac
Source: Fox Business --- Mortgage interest rates dropped after the COVID-19 omicron variant began spreading across the U.S., according to the latest data from Freddie Mac. "Market volatility" caused the 30-year mortgage to drop seven percentage points – to 3.05% APR...
2022 Predictions: Real Estate Bubbles And More SPACs?
Source: Forbes --- At long last, 2021 is drawing to a close, and the new year is right around the corner. This past year brought a return to stadiums for college football and a new era of Name, Image and Likeness (NIL) deals, the delta and omicron variants, surging...
Real estate shock or a big nothing? Experts debate what rising mortgage rates will mean for the 2022 housing market
Source: Fortune --- Federal Reserve officials were confident through the summer that spiking prices would reverse as the economy worked through supply and demand shocks caused by the pandemic. But that "transitory" narrative has been all but abandoned this month...
From real estate to inflation, here’s what to expect from the economy in 2022
Source: NBC News --- After a second consecutive year in which the word “unprecedented” did more than its fair share of narrative heavy lifting, economists are looking ahead to 2022 with a sense of wariness: Sharply escalating prices and the uncertain severity of the...
