Mortgage Industry News
Mortgage Rates Up for Sixth Straight Week
The 30-year fixed-rate mortgage averaged 6.79% as of Nov. 7. Continue Reading Mortgage Rates Up for Sixth Straight Week
Mortgage Application Activity Down for Sixth Straight Week
The average loan size on a refinance application dropped below $300,000. Continue Reading Mortgage Application Activity Down for Sixth Straight Week
Tammac Holdings Corp. Expands Into Michigan and Alabama
The company can now offer manufactured and mobile home loans in the two states. Continue Reading Tammac Holdings Corp. Expands Into Michigan and Alabama
Mortgage Rates Continue to Drop
“With continued deceleration in inflation we expect rates to decline further,” said Freddie Mac Chief Economist Sam Khater. Continue Reading Mortgage Rates Continue to Drop
Mortgage Application Activity Declines by 7.2%
“Low existing housing supply is limiting options for prospective buyers,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Declines by 7.2%
How To Get Rid Of Private Mortgage Insurance (PMI)
Source: Forbes Advisor --- If you have to pay private mortgage insurance (PMI), you’re likely looking forward to the day your home equity hits 20% of the home purchase price so you can be released from PMI payments on your mortgage. Better yet, rising home values...
As mortgage rates rise, applications slow
Source: Fox Business--- Mortgage rates gained in the past week, putting a damper on demand for mortgage applications. Mortgage applications declined 2.8% from a week ago, according to the weekly survey from the Mortgage Banker's Association. The increase in rates...
Lifting international travel ban anticipated to boost foreign real estate purchases
Source: The Washington Post --- International travel to the United States began to return in full force as of Nov. 8 when the White House lifted pandemic restrictions that had kept people from dozens of countries from entering. Now that citizens from European, Asian,...
Should Rising Mortgage Rates Stop You From Buying a Home Right Now?
Source: Nasdaq --- There's a reason so many people clamored to buy homes in 2020 and rushed to refinance their mortgages. For much of last year, mortgage rates sat at or near historic lows, with the 30-year mortgage being available at under 3%. But rates have risen a...
Are Mortgage Applications Increasing?
Source: News Anyway --- Post-Pandemic Mortgage Applications 2021 was predicted to be the year that the housing market recovered. After the lockdown froze the housing supply chain, there was a boom in demand as people came out of the pandemic. Aided by the Stamp Duty...
Czech mortgage rates rise due to inflation, may hit 5 percent next year
Source: Expats --- The average mortgage rate rose for the eighth month in a row but the number of people interested in a mortgage has not decreased. The volume of mortgages provided in October again exceeded CZK 30 billion, according to Fincentrum Hypoindex. Mortgage...
Lifetime mortgages: your questions answered
Source: FT Adviser --- Lifetime mortgages and equity release have proved popular subjects for discussion recently, especially during FTAdviser's latest webinar, in partnership with Legal & General. In fact, the seminar proved so popular we did not have time to...
Study: Digital Mortgages Impact Customer Satisfaction
Source: D Business --- According to J.D. Power in Troy, despite record new loan originations in 2020, mortgage originators have struggled to manage surging refinancing volume. In addition, while mortgage firms have undertaken efforts to streamline the new issuance of...
Investing In Real Estate During College
Source: Ball State Daily --- Being a college student means multitasking between attending your classes and looking for ways to pay back your overflowing student loan. While these setbacks can seem like a challenge to figure out, getting an extra source of income will...
How a Biden Income Tax Proposal Could Affect Real Estate Professionals
Source: Motley Fool --- Key Points The net investment income tax may be expanding. This rule change could have an impact on real estate professionals. The instructions for how to comply will require help from a tax advisor. As we approach the end of 2021, many real...
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