Mortgage Industry News
Arrive Home Debuts Earned Equity Program as Mortgage Alternative
Arrive Home President Tai Christensen said the program will “facilitate responsible homeownership.” Continue Reading Arrive Home Debuts Earned Equity Program as Mortgage Alternative
Mortgage Rates Soar Above 7%
The 30-year fixed-rate mortgage averaged 7.10% as of April 18, up from last week when it averaged 6.88%. Continue Reading Mortgage Rates Soar Above 7%
One-Third of Homebuyers Now Paying in All-Cash Deals
Only 6.1% of mortgaged home sales used a jumbo loan in April, down from 10.6% a year earlier. Continue Reading One-Third of Homebuyers Now Paying in All-Cash Deals
Mortgage Application Activity Down for Fourth Consecutive Week
The refinance share of mortgage activity increased to 27.3% of total applications from 26.7% in the previous week. Continue Reading Mortgage Application Activity Down for Fourth Consecutive Week
Fred Behnke Named Head of Regions Bank’s Homebuilder Finance Team
Behnke most recently served as regional manager for the company’s east region. Continue Reading Fred Behnke Named Head of Regions Bank’s Homebuilder Finance Team
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