Mortgage Industry News
Mortgage Application Activity Down Slightly
The MBA reported mortgage applications for new home purchases in November were up 7.2% year-over-year. Continue Reading Mortgage Application Activity Down Slightly
Mortgage Rates Take Another Drop
The 30-year fixed-rate mortgage averaged 6.60% as of Dec. 12. Continue Reading Mortgage Rates Take Another Drop
Home Mortgage Lending Activity Sank During Q4 2023
The fourth quarter total was also a 16.5% decline from the same period in 2022. Continue Reading Home Mortgage Lending Activity Sank During Q4 2023
Mortgage Application Activity Down By 5.6%
U.S. home prices were up 6.5% year-over-year during the fourth quarter of 2023. Continue Reading Mortgage Application Activity Down By 5.6%
Mortgage Rates Creep Up to the 7% Level
The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, up from last week when it averaged 6.77%. Continue Reading Mortgage Rates Creep Up to the 7% Level
‘Selling Sunset’ Star Shares Tips on How to Boost the Value of Your Home
Source: Newsweek --- s millions of Selling Sunset fans lap up a fresh batch of office drama on the Netflix show's newly released fourth season, they will also be treated to the visual delight of viewing one opulent California property after another. Dollar signs are...
Understanding Reverse Mortgages
Source: Physician's Weekly --- Many physician homeowners have been roped into watching a commercial for a company selling reverse mortgages, usually presented by a stalwart actor that we like and trust. Whether a reverse mortgage is right for you or not, it’s a good...
Is there a mortgage stimulus program and how much can you get?
Source: The Sun --- STRUGGLING homeowners may be wondering what support is available - and whether there's a mortgage stimulus program. It comes as Americans have got used to receiving stimulus checks during the coronavirus crisis. We explain what you need to know....
Count your pandemic-related mortgage blessings
Source: Orange County Register --- Time for the holiday season-celebrations, starting with the Thanksgiving kickoff festivities, with all its trimmings and blessings. Hanukkah lights it up early this year, with the first candle on Saturday night. A fast month later,...
Metaverse Land Prices Mirror Real-World Real Estate as Investors Flock to Virtual Worlds
Source: PYMNTS --- Thinking about building a club or a casino or a virtual storefront in the metaverse? Better talk to a broker, because at least some of that augmented reality (AR) land is priced through the roof. On Tuesday (Nov. 23) Reuters reported that Tokens.com...
No, the housing market isn’t about to crash—but Redfin does say some good news awaits buyers in 2022
Source: Fortune --- It’s understandable that some sidelined home shoppers think this unprecedented housing market is set to pop. They see an ongoing real estate run—which has sent U.S. home prices soaring 19.9% over the most recent 12-month period—that echoes the last...
A Subtle New Pitfall For Mezzanine Loan Borrowers
Source: Forbes --- Commercial real estate financing structures often include not only mortgage loans but also mezzanine loans. These latter loans are secured by pledges of ownership interests in the mortgage borrower. If the mezzanine loan defaults, the mezzanine...
Millennials Are Now the Biggest Generation and Mortgage-Makers
Source: Motley Fool --- Key Points Millennials now outnumber baby boomers and account for more than half of new mortgage applications. Gen X was the biggest buyer just five years ago but has seen its share slip ever since. High-tech markets and some major mid-sized...
Mortgage assistance program available for North Las Vegas homeowners
Source: Fox 5 --- A non-profit organization is offering to help catch families or individuals up on up to 6 months of mortgage back payments or future payments. Chicanos Por La Causa (CPLC) said $300,000 of aid is available. Housing Director Rumaldo Chaidez, said...
Pregnant Women Are Being Denied Mortgages Due To Change In Earnings
Source: Refinery 29 --- Pregnant women and new mothers who apply for mortgages with some of the UK’s biggest lenders are being declined because taking time out from work will cause a temporary drop in earnings, Refinery29 has learned. Thirty-two-year-old Isabelle...
