Mortgage Industry News
Mortgage Application Activity in Mild Uptick
The seasonally adjusted Purchase Index increased 2% from one week earlier, but the unadjusted index decreased 2%. Continue Reading Mortgage Application Activity in Mild Uptick
JD Power: Customer Satisfaction with Mortgage Lenders is Down
Overall customer satisfaction with mortgage lenders was rated at a 727 level on a 1,000-point scale. Continue Reading JD Power: Customer Satisfaction with Mortgage Lenders is Down
Mortgage Credit Availability Inched Up in January
“Overall credit availability remained close to 2012 lows,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Inched Up in January
Mortgage Rates Remain Stagnant
The 30-year fixed-rate mortgage averaged 6.64%, recording a scant uptick from last week when it averaged 6.63% Continue Reading Mortgage Rates Remain Stagnant
MBA: Mortgage Delinquency Rate Inched Up in Q4 2023
The FHA delinquency rate spiked by 131 basis points to 10.81%, the highest level since the third quarter of 2021. Continue Reading MBA: Mortgage Delinquency Rate Inched Up in Q4 2023
Refi interest is down 41% from last year
Source: Housing Wire --- Mortgage applications fell 4% for the week ending Dec. 10, large part because fewer borrowers are looking to refi their exiting mortgages, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The decrease was...
Here’s Where Home Prices Are Headed in 2022, According To Experts
Source: Yahoo--- No doubt about it — the real estate market has been white hot in 2021. But if you didn’t make a move this year, and you’re thinking about buying or selling — or both — next year, you’ll want to know what to expect. As of Nov. 10, the 30-year fixed...
Inflation is hitting the 3 big areas of household budgets
Source: CNBC --- Inflation grew at its fastest clip in almost four decades last month — and rising costs are hitting the biggest areas of household budgets. Inflation measures changes in the price consumers pay for goods and services. It jumped 6.8% in the year...
Can An Accountant Improve Cash Flow In Commercial Real Estate? You Bet Your Asset They Can
Source: Forbes --- You learn two things very quickly when you join a commercial real estate organization as an accountant. One, the glory belongs to the deal-makers. Two, nobody but another accountant cares about your elegant GAAP accounting skills. The driving...
Move over Fannie, the non-QM loan is in the fast lane
Source: Housing Wire --- In the world of mortgage-financing, there exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan. In the secondary market, these non-QM loans are in demand...
Two Reasons Why Waiting To Buy a Home Will Cost You
Source: Keeping Current Matters --- If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase...
Will we start 2022 with all-time lows in housing inventory?
Source: Housing Wire --- My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6.2 million, we could be at risk of housing inventory falling to such low levels that I would have to...
Fewer homeowners, more renters miss housing payments in the fall
Source: Scotsman Guide --- 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....
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...
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