Mortgage Industry News
Mortgage Application Activity Up 14.2%
The MBA also reported mortgage applications for new home purchases in August were up 4.4% year-over-year. Continue Reading Mortgage Application Activity Up 14.2%
Report: Mortgage Payments Cheaper Than Rent in 22 of Top 50 Metros
Zillow attributed the latest statistics to declining mortgage rates. Continue Reading Report: Mortgage Payments Cheaper Than Rent in 22 of Top 50 Metros
FHA Proposes Changes to 203(k) Program
Feedback is being welcomed via the FHA’s website through Jan. 5, 2024. Continue Reading FHA Proposes Changes to 203(k) Program
Q3 Mortgage Originations Down 3% From Previous Quarter
On a year-over-year basis, originations were down by 26% from the third quarter of 2022. Continue Reading Q3 Mortgage Originations Down 3% From Previous Quarter
New Documentary Series ‘L.O. Confidential’ Focuses on Mortgage Originators
The Fairway Independent Mortgage Corp. production is now on YouTube. Continue Reading New Documentary Series ‘L.O. Confidential’ Focuses on Mortgage Originators
There’s More To A Commercial Real Estate Loan Than Interest Rate
Source: Forbes --- When shopping for commercial real estate financing, it all comes down to the numbers. There's one figure that borrowers tend to view with laser focus: the interest rate. But the cost of commercial financing is only one side of the equation. The real...
Red hot real estate markets have turned surprising profits for unintentional property flippers
Source: CNBC --- Ten days after closing the year’s most expensive mansion sale in Delray Beach, Florida for $19 million, luxury real estate broker Senada Adzem got an unexpected phone call.
Selling Your Home in a Seller’s Market
Source: NY Times --- By the time they got the last offer, Quinn and Daryn Shapurji had received 54 bids on their four-bedroom, single-family house in Fishers, Ind., in just three days. Ms. Shapurji said they felt totally overwhelmed — and a bit melancholy.
Three Essential Disciplines To Help You Succeed In Real Estate Investing
Source: Forbes --- There are three disciplines that are distinctly important and lead to success or failure in real estate investing. It’s like a three-legged stool. You need to have all three, and people tend to be good at one or two of these, but rarely at three....
The Little-Known Mortgage That Doesn’t Require a Down Payment
A conventional mortgage loan requires a 20% down payment. If you are a first-time homebuyer, however, saving up tens of thousands of dollars can seem like an impossible task. Of course, there are loan programs, like FHA mortgages, that allow for low down payments, but...
Will the 2020 Election Change Mortgage Rates?
If you want to buy a house or refinance within the next few months, you should already be strategizing about how to lock the lowest interest rate. Which might leave you wondering: How will the presidential election impact mortgage rates? Continue Reading Will the 2020 Election Change Mortgage Rates?
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