Mortgage Industry News
FHFA Orders Review for Using Cryptocurrencies in Mortgage Market
No deadline was set, but Pulte asked that the directive “should be implemented as soon as reasonably practical.” Continue Reading FHFA Orders Review for Using Cryptocurrencies in Mortgage Market
Refinancing Fuels Mild Uptick in Mortgage Application Activity
“The average loan size for purchase applications declined to $436,300, the lowest level since January 2025,” said MBA’s Joel Kan. Continue Reading Refinancing Fuels Mild Uptick in Mortgage Application Activity
Home Mortgage Lending Records Q2 Rebound
Purchase loan activity was up by 32.7% while refinance deals rose by 10.3%. Continue Reading Home Mortgage Lending Records Q2 Rebound
Mortgage Application Activity Up by a Slight 0.5%
The seasonally adjusted Purchase Index was up by 1% percent from one week earlier, but the unadjusted index was down by 1%. Continue Reading Mortgage Application Activity Up by a Slight 0.5%
Report: 6 of 7 People with Mortgages Have Interest Rates Below 6%
22% have a rate below 3%. Continue Reading Report: 6 of 7 People with Mortgages Have Interest Rates Below 6%
Don’t Let Student Loans Delay Your Homeownership Dreams
Source: Keeping Current Matters --- If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a...
Inflation Pushes Mortgage Rates Up to 3.85%. Experts Warn Borrowers Not to Panic: ‘Historically, Rates Are Still Fairly Low.’
Source: Time --- Inflation continues to hit levels not seen in 40 years, and mortgage rates are rising with it. The 30-year fixed rate average increased to 3.85% – its highest since March 2020 – while the latest figures from the Bureau of Labor Statistics Thursday...
Why is our industry still transferring money with paper checks?
Source: Housing Wire --- While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” This is especially true on the...
D.C. First-Time Home Buyer: 2022 Programs and Grants
Source: The Mortgage Reports --- What to know about buying a house in Washington D.C. Being a Washington D.C. first–time home buyer can seem like a daunting prospect; most homes in the District are eye–wateringly expensive. But there’s good news, too. You might be in...
U.S. Mortgage Delinquency Rates Drop in Late 2021
Source: World Property Journal --- Based on CoreLogic's latest monthly Loan Performance Insights Report for November 2021, 3.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a...
How To Calculate Property Tax: What Homeowners Should Know About How to Estimate Property Taxes
Source: Realtor --- Need to know how to estimate property taxes? You’ve come to the right place! Most people know that homeownership requires coughing up copious amounts of money. There’s your mortgage, of course, but the costs hardly end there. You will also have to...
Real Estate Commissions Being Squeezed in U.S. Over Last 4 Years
Source: World Property Journal --- National property broker Redfin is reporting the typical commission rate paid to brokerages representing homebuyers in the U.S. has fallen to its lowest point in at least four years. Redfin found the typical U.S. buyer's agent...
COULD BITCOIN REAL ESTATE TRANSACTIONS BECOME MAINSTREAM?
Source: RISMedia --- With the rising normalization of cryptocurrencies in our marketplaces, it’s no surprise that crypto has found its way into real estate. In fact, the first commercial property in New York has been put on the market exclusively for Bitcoin—29...
What Is a Lien on a House?
Source: Point 2 Homes --- Understanding How Liens Work A property lien is a legal claim against a property, allowing the creditor to use it as collateral to collect what they’re owed if the debtor cannot make payments. Consider this common scenario to better...
Most Equity Rich Homes in 2021 Located in Western U.S.
Source: World Property Journal --- According to ATTOM Data's fourth-quarter 2021 U.S. Home Equity & Underwater Report, 41.9 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the...
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