Mortgage Industry News
Mortgage Rates Remain Flat
Fannie Mae predictied mortgage rates will end 2025 and 2026 at 6.4% and 6.0%, respectively. Continue Reading Mortgage Rates Remain Flat
Mortgage Application Activity Inches Up Again
The FHA share of total applications decreased to 18.7% from 19% the week prior. Continue Reading Mortgage Application Activity Inches Up Again
Report: The City with the Most Mortgage Delinquency Is…
Honolulu ranked as the city with the lowest level of mortgage delinquencies. Continue Reading Report: The City with the Most Mortgage Delinquency Is…
Mortage Application Activity and Credit Availability in Decline
The Mortgage Credit Availability Index (MCAI) dropped by 0.5% to 98.5 in September. Continue Reading Mortage Application Activity and Credit Availability in Decline
Mortgage Rates Up Sharply
The 30-year fixed-rate mortgage averaged 6.32% as of Oct. 10, up from last week when it averaged 6.12%. Continue Reading Mortgage Rates Up Sharply
NFTs forced into all facets of life — including real estate
Source: firsttuesday Journal--- Non-fungible tokens (NFTs), the cryptocurrency phenomenon quickly materializing in a real world setting, are becoming harder and harder to ignore. Many industries have hopped on board. What does this mean for the real estate market? The...
‘The scammers are getting quite crafty’: Kentucky man nearly loses $70K in real estate scam
Source: WHAS 11 ABC --- LOUISVILLE, Ky. — The Attorney General’s Office in Kentucky reported more than $12.7 million lost to scammers in 2021. Some of those losses were because of real estate scams. A Louisville man told WHAS11 News he was in the process of closing...
How to choose a title company for your real estate closing
Source: The Washington Post --- Most people buy or sell only a few homes during their lifetime, so they’re not likely to have a title company to handle their closing on speed dial. While finding a trustworthy and knowledgeable lender and real estate agent are usually...
Can I buy real estate inside of my IRA?
Source: True Jersey --- Q. I wanted to buy a condo for my son, where he would pay rent that would cover the monthly carrying costs. If I wanted to buy it within an IRA, can I? I’d rather not take a mortgage. — Dad A. That’s a very generous move. It is possible to buy...
Are You Money Laundering?
So, you want to get a new home and you have a new job and you are not sure if you can be approved? It seems to be happening more and more. I continue to hear things like “I just moved and took a filler job until I can find something better….. it is a commission job...
CAN YOU PUT AN OFFER ON A HOUSE THAT’S CONTINGENT?
Source: RIS Media --- Yes! Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning Real estate listings go through different...
For Native American Homebuyers, 3 Financial Assistance Programs to Help With a Purchase
Source: Realtor --- In today’s aggressive housing market, it’s crucial to get a leg up on the competition and to take advantage of all options available when it comes to financial aid. For Native American homebuyers, there are several lending programs to help secure...
A housing bubble is on everyone’s mind right now — here’s what it is and how to know if the US is in one
Source: Business Insider --- You may have heard, the US housing market is booming. But booms often end in a bust, and the housing situation across the country has led experts to debate the possibility of the whole market imploding. As the number of homes available...
A Homebuyer’s Guide to the Appraisal Gap: Why It Happens and What To Do
Source: Realtor --- If you’re thinking of buying a home in today’s market, you need to be prepared for the possibility of an appraisal gap. So what is an appraisal gap? An appraisal gap is when a home’s appraised value is lower than the purchase price the buyer has...
Bitcoin-collateralized mortgage launched by cryptofinance firm
Source: National Mortgage News --- XBTO Group, a Miami-based crypto finance platform and asset manager, unveiled its bitcoin-collateralized mortgage offering this week. The company plans to offer the product to home buyers making purchases valued at $1 million or more...
