Mortgage Industry News
Mortgage Rates Continue to Rise
The 30-year fixed-rate mortgage averaged 6.44% as of Oct. 17. Continue Reading Mortgage Rates Continue to Rise
Report: The City with the Most Mortgage Delinquency Is…
Honolulu ranked as the city with the lowest level of mortgage delinquencies. Continue Reading Report: The City with the Most Mortgage Delinquency Is…
Mortgage Rates Hold Steady
The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4. Continue Reading Mortgage Rates Hold Steady
Homebuyers’ Monthly Payments at Lowest Level in Nearly a Year
Redfin’s Homebuyer Demand Index spiked by 10% from one month ago to its highest level since August. Continue Reading Homebuyers’ Monthly Payments at Lowest Level in Nearly a Year
Mortgage Application Activity Ended 2023 in Decline
The holiday adjusted Refinance Index decreased 18% from two weeks ago. Continue Reading Mortgage Application Activity Ended 2023 in Decline
What is mortgage prequalification, and is it mandatory?
Source: Business Insider --- Do you think you'll be ready to buy a home soon? Then you may want to apply for mortgage prequalification with a lender. The process is quick and free, and you can usually apply online. What is mortgage prequalification? Mortgage...
Mortgage demand falls as rates rise to highest level since July
Source: CNBC --- Higher interest rates took some recent wind out of the sails in the mortgage market. After gains the previous week, total mortgage application volume fell 1.1% last week from the previous week, according to the Mortgage Bankers Association’s...
Mortgage rates rise slightly, but you still have a window to snag a COVID deal
Source: Yahoo Finance --- It’s inevitable, homeowners: The pandemic-fueled low mortgage rate party will come to an end. The economy's open, more than 2 million jobs were created in the last three months, and COVID-19 relief programs are being allowed to wind down and...
4 must-dos when refinancing into an ultra-low mortgage rate
Source: Yahoo Finance --- Mortgage rates remain at levels that might have seemed unthinkable just two years ago. Thirty-year home loans can still be found at rates far below 3%. If you’re a homeowner with an existing mortgage, you might want to consider refinancing...
Why lenders should build a referral-based business
Source: Housing Wire --- HousingWire recently spoke with John G. Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them...
What happens if you wait to buy a home? Interest rates could shift dramatically
Source: KSL --- Every aspiring homeowner in Utah is asking the same question: When will home prices drop? Unfortunately, no one can predict exactly when that will happen or if it will happen. In the meantime, there's perhaps a more important question homebuyers should...
1.5 Million Americans Face a Financial Cliff as Mortgage Forbearance Ends. These Are Their Options
Source: Time --- If it hadn’t been for a mortgage forbearance program, Destiny Blackmon says she could have lost her home. Destiny Blackmon and her husband pose for a photo at the site of their new home construction in 2017.Courtesy of Destiny Blackmon ...
FP Explains: Everything you need to know about using a reverse mortgage
Source: Sault Star --- Have you ever viewed a reverse mortgage commercial and wondered whether it would help you maintain and enhance your retirement lifestyle? One of my clients certainly did. They knew they didn’t have quite enough money and they didn’t want to...
Today’s Mortgage Rates & Trends – September 23, 2021: Rates flat
Source: Investopedia --- With yesterday's Fed announcement revealing little new news, mortgage rates are mostly holding steady this week, with the 30-year rate marking time for a second day. Rates have been in a narrow bouncing pattern since early August, keeping the...
Today’s 30-year mortgage rates climb to 3% for first time in 69 days | Sept. 24, 2021
Source: Fox Business --- Based on data compiled by Credible, mortgage rates have risen across all terms since yesterday. 30-year fixed mortgage rates: 3.000%, up from 2.750%, +0.250 20-year fixed mortgage rates: 2.625%, up from 2.500%, +0.125 15-year fixed mortgage...
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