Mortgage Industry News
Mortgage Rates Up for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31. Continue Reading Mortgage Rates Up for Fifth Straight Week
Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Mortgage rates were at a historic low of 2.65% in 2021 before soaring to decade-long highs of 7.79% in the fall of 2023. Continue Reading Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Mortgage Application Volume Up Nearly 10%
The holiday adjusted Refinance Index increased 19% from the previous week and was 30% higher than the same week one year ago. Continue Reading Mortgage Application Volume Up Nearly 10%
Guaranteed Rate Debuts RateReduce Sell Program
Chicago-headquartered Guaranteed Rate has enhanced its RateReduce offering to include RateReduce Sell, a program designed to help real estate agents facing a challenging home sales market. According to the company, RateReduce Sell provides real estate agents the...
Two Men Sentenced for $50 Million Connecticut Mortgage Fraud Scheme
Jacob Deutsch has a prior criminal history with a wire fraud conviction stemming from an insurance fraud scheme. Continue Reading Two Men Sentenced for $50 Million Connecticut Mortgage Fraud Scheme
Actual cost of buying a house with the help of a home loan
Source: Financial Express --- Here are a few pointers that could help you make a rough estimate of the actual cost of buying a house with a help of a home loan. Many consider owning a home to be one of the biggest financial goals of a lifetime. A home not just gives...
How do we make more affordable housing?
Source: MPR News --- The pandemic pushed the U.S. housing market into a frenzy, with the demand for housing far outpacing the number of homes on the market. The market cooled off a bit in July. But the cost of the average home has been on an upward climb for a while...
Venezuelan Buys Apartment Using Tether as Real Estate Market Warms Up to Crypto
Source: News.Bitcoin --- A Venezuelan individual has reportedly purchased an apartment using cryptocurrency, specifically Tether, in the coastal state of Anzoategui last month. This is one of the first purchases of real estate with crypto that has been recorded in the...
Life Sciences Real Estate is Going Viral – What Lenders Need to Know
Source: JDSupra --- While traditional office and retail properties have come under pressure from work-from-home and social distancing measures imposed during the COVID-19 pandemic, life sciences real estate has thrived. Moreover, given an aging population and a...
John G. Stevens Honored With The “Top 100 Global Leaders in Finance” Award At GCIF Las Vegas, 2021
Source: GCIF --- Las Vegas, Nevada — July 3, 2021 — John G. Stevens was honored with the prestigious “Top 100 Global Leaders in Finance” award for his significant and tangible contributions towards the finance industry at the inaugural edition of GCIF — Global...
7 Tips For Refinancing Your Mortgage ASAP
Source: MSN...As mortgage rates remain low, refinancing your mortgage can be a good way to reduce your monthly expenses or accelerate your savings. With current rates near the all-time low, refinancing your home loan now can help you save thousands over the course of...
The Housing Market Forecast for the Rest of 2021, According To Realtors
Source: Go Banking Rates --- It’s no secret that the COVID-19 pandemic has turned the real estate market into a wild domain. If you’re looking to buy or sell a home, you’re likely eager to know how long this will last. In June 2021, home prices across the U.S. surged...
You can’t afford to make this mortgage mistake in this hot real estate market
Source: Detroit Free Press --- The real estate market today is definitely not the most favorable one for borrowers. There's a serious shortage of homes available for sale, and housing prices have repeatedly hit new recent highs in most parts of the country. Many...
REAL ESTATE MATTERS: Homeowner has questions about selling to neighboring business
Source: Herald-Tribune --- Q: Our neighbor sold his home to the commercial business that borders his property. He sold it after they approached him with an unsolicited offer. The neighbor was told the business wanted to remodel/redevelop the property and wanted “green...
8 tips for millennial homebuyers
Source: MSN --- Tips and tricks for buying a new house Preparing to buy your first home is a thrilling time. Dreaming up all the new furniture, routines and life you’ll live inside those four walls is exciting. And it appears that a portion of the millennial...
