Mortgage Industry News
California Program to Offer Mortgage Relief to Disaster Victims
Eligible homeowners will be able to apply for grants covering up to three months of mortgage payments, up to $20,000 total. Continue Reading California Program to Offer Mortgage Relief to Disaster Victims
NAMB Taps Ginger Bell to Become Growth Officer
She succeeds Jason Frazier, who launched NAMB’s online community Hive. Continue Reading NAMB Taps Ginger Bell to Become Growth Officer
Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
The study is based on responses from 15,020 customers who have been with their current mortgage loan servicer for at least one year. Continue Reading Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
Mortgage Application Activity Drops While Forbearance Levels Inch Up
The number of loans in forbearance increased in June for the first time since October 2022. Continue Reading Mortgage Application Activity Drops While Forbearance Levels Inch Up
Mortgage Rates Drop Again
The 30-year fixed-rate mortgage averaged 6.77% as of July 18. Continue Reading Mortgage Rates Drop Again
Both Multifamily and Single-Family Production Enjoy Double-Digit Gains in the U.S.
Source: The World Property Journal --- According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, single-family and multifamily housing production accelerated in November, due to strong demand for new construction. Overall housing...
Mortgage rates tick up but remain low in final days of 2021
Source: ABC News --- SILVER SPRING, Md. -- Average long-term U.S. mortgage rates moved slightly higher in the final week of 2021. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark, 30-year home loan ticked up to 3.11% this week from...
Omicron variant drives decrease in mortgage rates: Freddie Mac
Source: Fox Business --- Mortgage interest rates dropped after the COVID-19 omicron variant began spreading across the U.S., according to the latest data from Freddie Mac. "Market volatility" caused the 30-year mortgage to drop seven percentage points – to 3.05% APR...
2022 Predictions: Real Estate Bubbles And More SPACs?
Source: Forbes --- At long last, 2021 is drawing to a close, and the new year is right around the corner. This past year brought a return to stadiums for college football and a new era of Name, Image and Likeness (NIL) deals, the delta and omicron variants, surging...
Real estate shock or a big nothing? Experts debate what rising mortgage rates will mean for the 2022 housing market
Source: Fortune --- Federal Reserve officials were confident through the summer that spiking prices would reverse as the economy worked through supply and demand shocks caused by the pandemic. But that "transitory" narrative has been all but abandoned this month...
From real estate to inflation, here’s what to expect from the economy in 2022
Source: NBC News --- After a second consecutive year in which the word “unprecedented” did more than its fair share of narrative heavy lifting, economists are looking ahead to 2022 with a sense of wariness: Sharply escalating prices and the uncertain severity of the...
The housing market was on a wild ride this year. Here’s what to expect in 2022
Source: KSL.com --- NEW YORK — The U.S. housing market has had a white-hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021. But whether you benefited from this surge depended a lot on if you...
Let’s Move In Together (And You Can Help Me Pay My Mortgage)
Source: Bloomberg --- First comes love and then comes ... a frank discussion about the realities of moving in together. There’s one question that comes up a lot among couples and is bound to be even more commonplace in a hot housing market: What happens when you’re...
Millennials And Housing, Part 4: Mind The Gap: Intergenerational Housing Wars
Source: Forbes --- Our study on U.S. Millennials and their difficult path to home ownership has spotlighted the role family and older generations play in hindering—but also helping—25 to 40-year-olds in their quest to buy a home. Discussion of this issue requires both...
Should You Hire a Mortgage Broker or Do It Yourself?
Source: Go Banking Rates --- When you’re ready to buy a home, you may wonder if you should try to shop for a mortgage on your own or reach out to mortgage broker for help. A mortgage broker can be very helpful in the process, especially for people who are...
Recent Posts
A Phil Hall Op-Ed: So, I Asked ChatGPT to Predict 2027’s Housing Mark…- Mid-Atlantic Home Sales Decelerate While Active Listings Rise
- Maine Home Sales Declined 10% in August While Prices Increased
- San Francisco Mayor Declares ‘Rent Emergency’ to Mitigate Eleva…
- Did Mortgage Rates Top 7%? It Depends on Your Data Source
