MOrtgage News & Insights
View top national motgage industry news articles, advice, insights, and more. Subscribe to UpdatesMost Recent Mortgage News
Get the top headlines in local and national mortgage industry news today in the articles below. Do you have news you would like to contribute? Submit a guest post here. To receive weekly updates on the top mortgage articles in your area, subscribe for free today!
Mortgage Rates Record Slight Uptick
The 30-year fixed-rate mortgage averaged 6.49% as of Aug. 15, up from last week when it averaged 6.49%. Continue Reading Mortgage Rates Record Slight Uptick
Mortgage Application Activity Up Nearly 17%
The Refinance Index increased by a vibrant 35% from the previous week. Continue Reading Mortgage Application Activity Up Nearly 17%
Additional Reading: Top Mortgage Industry News & Headlines
CBC Mortgage Agency Introduces Temporary Rate Buydowns
The new feature functions as either a 2-1 buydown or a 1-0 buydown, lowering the interest in the first years of homeownership. Continue Reading CBC Mortgage Agency Introduces Temporary Rate Buydowns
Freddie Mac Standardizes Down Payment Assistance Documents
Freddie Mac plans to have the standardized lien documents available for at 19 nineteen states by the end of the year. Continue Reading Freddie Mac Standardizes Down Payment Assistance Documents
Hits and Misses of the Real Estate Week Nov. 27-Dec. 1
This week’s Hits and Misses include a Taylor Swift-inspired auction, two major cities winning global events and people who want the housing market to crash. Continue Reading Hits and Misses of the Real Estate Week Nov. 27-Dec. 1
Home price growth is finally decelerating—and it’s just the start
Source: Fortune --- Exhausted. Frustrated. Stretched. Those are all reasonable emotions for home shoppers to be feeling right now. After all, home prices rose faster this year than any period in tabulated U.S. history: Between August 2020 and August 2021, U.S. home...
8 Mortgage Myths That Waste Time and Money
Source: Money --- A lot of work goes into applying for a mortgage — from rounding up your financial records to making sure your credit score is in tiptop shape. Another important item for your to do list: looking out for misinformation and bad advice. There are plenty...
Good Debt vs Bad Debt: Your Plan for Paying Off Debt Faster
Source: QDT --- Many people think that all debt is bad and should be avoided or paid down as quickly as possible. However, you should break down debt into two types: good and bad. It’s essential to understand their differences so you stay away from bad debt as much as...
Should I refinance or get a reverse mortgage for home improvements?
Source: NJ.com --- Q. I recently read an article that said you should refinance before you retire rather than plan for a reverse mortgage as long as you plan to stay in your home for at least five years. That’s my situation. My current 15-year mortgage will be paid...
FHFA sets higher borrowing limits for mortgage loans in 2022
Source: Fox Business --- The Federal Housing Finance Agency (FHFA) raised its conforming loan limits significantly across the U.S., even allowing for loans of up to nearly $1 million in some parts of the country, the agency announced Tuesday. In most areas of the...
How Small-Home Senior Living Could Evolve In 2022 and Beyond
Source: Senior Housing News --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals....
Real estate Q&A: How can I restore my credit after ex-spouse skipped mortgage payments?
Source: Bakersfield.com --- Q: After I was divorced, the court awarded our home to my ex-spouse and ordered him to refinance the mortgage to get me off of it. He has not refinanced the property several years later and pays the mortgage inconsistently, leaving my...
What are your rights when a mortgage company refuses to let you back out of a refinancing deal?
Source:KSL --- HOOPER, Utah — Interest rates are still near record low levels, and that has many homeowners considering a mortgage do-over by refinancing. But when a Hooper woman tried to swap out her old home loan with a new one so she could tap into her home's...
Mortgages for America launches its Homes for Heroes Program!
Source: PR Newswire --- COLUMBUS, Ohio and RICE LAKE, Wis. and SOUTH LAKE TAHOE, Calif., Nov. 30, 2021 /PRNewswire/ -- Mortgages for America, a division of SaveUnited.org dedicated to offering programs that help Americans, has officially launched its Homes for Heroes...
The 5 most common reasons why your home loan won’t be approved, and how to avoid them
Source: Finger Lakes 1 --- Navigating a home loan application can often be a long and complicated process. Often after the hours of stress and effort you’ve spent, you can still be rejected. A survey conducted by Digital Finance Analytics found that approximately 40%...
