Mortgage Industry News
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.81% as of May 15. Continue Reading Mortgage Rates Inch Up
Mortgage Application Activity and Delinquencies Are Rising
The refinance share of mortgage activity decreased to 36.4% of total applications from 37.1% the previous week. Continue Reading Mortgage Application Activity and Delinquencies Are Rising
FHA Translates 19 Mortgage Servicing Documents into 5 Foreign Languages
The documents are available in Chinese, Korean, Spanish, Tagalog, and Vietnamese on the FHA website. Continue Reading FHA Translates 19 Mortgage Servicing Documents into 5 Foreign Languages
Mortgage Application Activity Slumps Again
The FHA share of total applications remained unchanged at 13.1%. Continue Reading Mortgage Application Activity Slumps Again
Mortgage Rates Moves Further from the 7% Mark
The 30-year fixed-rate mortgage averaged 6.86% as of June 27. Continue Reading Mortgage Rates Moves Further from the 7% Mark
REITs Vs. Private Equity Real Estate: What’s The Best Way To Invest?
Source: Seeking Alpha --- Investors are constantly faced with the choice of how to allocate scarce investment capital. Most of those fortunate enough to have a meaningful amount of funds to invest know the benefits of exposure to commercial real estate, especially in...
3 Risks of a Cash-Out Refinance Loan
Source: Motley Fool --- A cash-out refinance loan is a way to tap into the equity of your home while also modifying the terms of your current mortgage loan. It works simply. You apply for a new mortgage loan for more money than you currently owe. If you qualify based...
How to Get a Mortgage if You’re a Freelancer, Contractor, or Self-Employed
Source: Better Homes and Gardens --- Millennials and Gen Z are more likely than previous generations to be self-employed in some capacity—which can make buying a home more complicated. These expert tips help make sense of the process. Once upon a fairytale, it was...
REVOLUTIONIZING THE ONLINE MORTGAGE EXPERIENCE
Source: Ris Media --- Tim Grant, a REALTOR® with Better Homes and Gardens Real Estate Metro Brokers in Newnan, Georgia, has been a huge proponent of Rocket Mortgage with his customers since working with the lender to finance his own home purchase. “The process was...
How To Get Rid Of Private Mortgage Insurance (PMI)
Source: Forbes Advisor --- If you have to pay private mortgage insurance (PMI), you’re likely looking forward to the day your home equity hits 20% of the home purchase price so you can be released from PMI payments on your mortgage. Better yet, rising home values...
As mortgage rates rise, applications slow
Source: Fox Business--- Mortgage rates gained in the past week, putting a damper on demand for mortgage applications. Mortgage applications declined 2.8% from a week ago, according to the weekly survey from the Mortgage Banker's Association. The increase in rates...
Lifting international travel ban anticipated to boost foreign real estate purchases
Source: The Washington Post --- International travel to the United States began to return in full force as of Nov. 8 when the White House lifted pandemic restrictions that had kept people from dozens of countries from entering. Now that citizens from European, Asian,...
Should Rising Mortgage Rates Stop You From Buying a Home Right Now?
Source: Nasdaq --- There's a reason so many people clamored to buy homes in 2020 and rushed to refinance their mortgages. For much of last year, mortgage rates sat at or near historic lows, with the 30-year mortgage being available at under 3%. But rates have risen a...
Are Mortgage Applications Increasing?
Source: News Anyway --- Post-Pandemic Mortgage Applications 2021 was predicted to be the year that the housing market recovered. After the lockdown froze the housing supply chain, there was a boom in demand as people came out of the pandemic. Aided by the Stamp Duty...
Czech mortgage rates rise due to inflation, may hit 5 percent next year
Source: Expats --- The average mortgage rate rose for the eighth month in a row but the number of people interested in a mortgage has not decreased. The volume of mortgages provided in October again exceeded CZK 30 billion, according to Fincentrum Hypoindex. Mortgage...
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