Mortgage Industry News
Mortgage Application Activity Slows for Third Straight Week
Among the federal programs, the FHA share of total applications increased to 18.7% from 17.9% the week prior. Continue Reading Mortgage Application Activity Slows for Third Straight Week
Mortgage Rates Inches Up, Homebuyer Affordability Inches Down
The 30-year fixed-rate mortgage averaged 6.89% as of May 29. Continue Reading Mortgage Rates Inches Up, Homebuyer Affordability Inches Down
Euclid Mortgage Creates Mortgage Advisory Panel
Andrew Bon Salle, Claudia Merkle and Ivy Zelman were named to the panel. Continue Reading Euclid Mortgage Creates Mortgage Advisory Panel
Mortgage Rates Slide Away from the 7% Mark
The 30-year fixed-rate mortgage averaged 6.89% as of July 11. Continue Reading Mortgage Rates Slide Away from the 7% Mark
Carrington Mortgage Services to Provide Section 184 Loans for Native Americans
Section 184 home mortgage loans are fully available in 24 states. Continue Reading Carrington Mortgage Services to Provide Section 184 Loans for Native Americans
Inflation is hitting the 3 big areas of household budgets
Source: CNBC --- Inflation grew at its fastest clip in almost four decades last month — and rising costs are hitting the biggest areas of household budgets. Inflation measures changes in the price consumers pay for goods and services. It jumped 6.8% in the year...
Can An Accountant Improve Cash Flow In Commercial Real Estate? You Bet Your Asset They Can
Source: Forbes --- You learn two things very quickly when you join a commercial real estate organization as an accountant. One, the glory belongs to the deal-makers. Two, nobody but another accountant cares about your elegant GAAP accounting skills. The driving...
Move over Fannie, the non-QM loan is in the fast lane
Source: Housing Wire --- In the world of mortgage-financing, there exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan. In the secondary market, these non-QM loans are in demand...
Two Reasons Why Waiting To Buy a Home Will Cost You
Source: Keeping Current Matters --- If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase...
Will we start 2022 with all-time lows in housing inventory?
Source: Housing Wire --- My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6.2 million, we could be at risk of housing inventory falling to such low levels that I would have to...
Fewer homeowners, more renters miss housing payments in the fall
Source: Scotsman Guide --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals....
Home price growth is finally decelerating—and it’s just the start
Source: Fortune --- Exhausted. Frustrated. Stretched. Those are all reasonable emotions for home shoppers to be feeling right now. After all, home prices rose faster this year than any period in tabulated U.S. history: Between August 2020 and August 2021, U.S. home...
8 Mortgage Myths That Waste Time and Money
Source: Money --- A lot of work goes into applying for a mortgage — from rounding up your financial records to making sure your credit score is in tiptop shape. Another important item for your to do list: looking out for misinformation and bad advice. There are plenty...
Good Debt vs Bad Debt: Your Plan for Paying Off Debt Faster
Source: QDT --- Many people think that all debt is bad and should be avoided or paid down as quickly as possible. However, you should break down debt into two types: good and bad. It’s essential to understand their differences so you stay away from bad debt as much as...
Should I refinance or get a reverse mortgage for home improvements?
Source: NJ.com --- Q. I recently read an article that said you should refinance before you retire rather than plan for a reverse mortgage as long as you plan to stay in your home for at least five years. That’s my situation. My current 15-year mortgage will be paid...
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