Mortgage Industry News
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.81% as of May 15. Continue Reading Mortgage Rates Inch Up
Mortgage Application Activity and Delinquencies Are Rising
The refinance share of mortgage activity decreased to 36.4% of total applications from 37.1% the previous week. Continue Reading Mortgage Application Activity and Delinquencies Are Rising
NY Fed: Q2 Mortgage Debt Reached $12.52 Trillion
Early delinquency transition rates for mortgages increased by 0.1 percentage point. Continue Reading NY Fed: Q2 Mortgage Debt Reached $12.52 Trillion
Mortgage Rates Drop to 6-Month Low
The 30-year fixed-rate mortgage averaged 6.73% as of Aug. 1. Continue Reading Mortgage Rates Drop to 6-Month Low
Mortgage Application Activity Slows Down
Among the federal programs, the FHA share of total applications increased to 14.2% from 13.4% the week prior. Continue Reading Mortgage Application Activity Slows Down
Private Money Real Estate Loans; An Overview of Good Reasons
A subset of the real estate lending business exists where the loans are funded by private party investors rather than banks or other institutional lenders. This is referred to as bridge lending, private party lending, or hard money lending. The purpose of these...
70% of homebuyers had at least one regret about experience
Source: Scotsman Guide --- A newly published survey from HomeLight revealed some dismaying, although not necessarily shocking, impacts of the historically competitive housing market on consumer psychology. Among other takeaways, the survey (which polled more than...
Can I Claim the Mortgage Interest Deduction?
Source: House Logic --- Like most homeowners over the past couple of years, you may have discovered that you can no longer write off your property taxes or claim the mortgage interest deduction. That doesn’t necessarily mean your taxes went up. The change is because...
Mortgage and real estate news this week: Rising mortgage rates, new ways to tap your home equity and controversial condo mortgage rules
Source: Bankrate --- Mortgage rates are rebounding after dropping at the onset of the war in Ukraine. In other news, fintech companies are offering new ways to tap home equity, and new condo mortgage rules are causing a stir. 1. Mortgage rates jump back up Bankrate’s...
Why owning a home is the best hedge against inflation
Source: Housing Wire --- On Thursday, the Bureau of Labor Statistics reported the same trend that all Americans have seen lately: the inflation rate of growth is rampant and doesn’t show any sign of easing up due to the Russian Invasion of Ukraine. The Consumer Price...
First-time homebuyer? Real estate experts offer advice in crazy market
Source: Fox 5 New York --- It feels like a never-ending uphill battle for many homebuyers across the United States. "My experience with looking for a house has been frustrating," one Georgia resident told FOX Television Stations Group. "I have been texting my agent...
Yahoo Finance Video Housing market: Millennials bypass starter homes for dream homes
Source: Finance Yahoo --- Yahoo Finance's Vera Gibbons joins the Live show to discuss the real estate market amid the unexpected house hunting competition among younger buyers. AKIKO FUJITA: Well, record low inventory has sparked bidding wars for homes in some of the...
5 implications the omnibus spending bill has for mortgages
Source: National Mortgage News --- The $1.5 trillion omnibus spending bill President Biden was expected to sign at deadline Friday promises to bring relief to the single- and multifamily mortgage markets by heading off several threats to operations supporting the...
How To Navigate a Market Where Multiple Offers Is the New Normal
Source: Keeping Current Matters --- If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you? As a buyer, low housing supply coupled with high buyer demand means you should...
Opinion: Affordable lending requires creative thinking
Source: Housing Wire --- Each fall, trendsetters at Pantone decide on the next year’s “color of the year,” which they feel will define and influence the upcoming year. Whether the “color of the year” is a self-fulfilling prophecy or the trendsetters really are that on...
