Mortgage Industry News
myCUmortgage in New Partnerships with Six Credit Unions
The combined partnerships represent 139,349 credit union members and $2.52 billion in assets. Continue Reading myCUmortgage in New Partnerships with Six Credit Unions
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
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%
Mortgage Rates and Purchase Loan Applications Inch Up
“We anticipate a busier spring homebuying season than 2023,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates and Purchase Loan Applications Inch Up
Why brokerages and mortgage lenders are rushing into JVs
Source: Housing Wire --- The excited and at times nervous first-time homebuyers that James Dunn often represents ask him how that whole process of taking out a mortgage works, and Dunn, a Los Angeles-based real estate agent with eXp, replies with a few trusted names....
Mortgage Servicing Software Market Forecast to 2025 with Global Key Companies Profile
Source: Puck 77 --- Global Mortgage Servicing Software market report consists of accumulation of data derived via a thorough and accurate primary and secondary market research assessing critical industry coordinates and assessing the Mortgage Servicing Software market...
Have a Joint Mortgage and Getting Divorced? This Is Your Best Move
Source: Motley Fool --- Don't let your joint mortgage debt affect your finances after your marriage is over. Many married couples own a home together, and it's common to have a joint mortgage that both spouses applied for together. Unfortunately, this can create a...
Paying Your Mortgage With Bitcoin Is a Bad Idea. Here’s Why
Source: Next Advisor --- Could you imagine paying your mortgage — one of life’s biggest expenses — with a bag of magic marbles that were sometimes worth $11,000 each and other times worth $60,000 each? If you wanted to pay your mortgage with Bitcoin, that’s...
How to know if you’re ready to buy a home
Source: Business Insider --- This time last year, Christie Heimbach was shelling out $1,000 in rent every month to live with a roommate in Lancaster, Pennsylvania. Heimbach, a teacher and photographer, realized she could spend the same amount of money each month —...
Buying a home is a goal for many Americans. How this bank is helping members of low- and moderate-income communities achieve that
Source: CNBC --- Even as prices for homes soar, the American Dream of owning a home is still alive and well. Yet that can be a high hurdle for first-time home buyers to reach. New data from the National Association of Realtors shows sales of previously owned homes...
Buying a home or refinancing? A 30-year mortgage may not be your best option
Source: CNN --- If you're thinking of buying a home or refinancing one, a big question will be whether to get a 30-year mortgage or opt for a shorter term loan. Most people get a 30-year fixed rate mortgage, which offers lower monthly payments. But there are some...
BBB expert explains potential pitfalls of reverse mortgages
Source: Fox 2 Now --- ST. LOUIS – Reverse mortgages have been around for 60 years now and they are advertised to seniors as a way to access the equity of their home quickly. Since the pandemic began more than a year and a half ago some have been turning to these loans...
Q3 real estate market trends report
Source: Colorado Biz --- With fall winding down and winter on the horizon, the traditional seasonal market tempering is also following suit – if just a bit. Buying opportunities still remain and for those looking to make a move and sell, it’s still a good time. ...
The Market for Single-Family Rentals Grows as Homeownership Wanes
Source: New York Times--- The lawns are manicured. The swimming pools sparkle in the sun. And the homes, all of them turnkey and smelling of fresh paint, are lined up in tidy rows, an army of cookie-cutter porches standing at attention. Covid-19 inflamed the real...
