Mortgage Industry News
Mortgage Application Activity Slows to a Crawl
The refinance share of mortgage activity decreased to 30.8%. Continue Reading Mortgage Application Activity Slows to a Crawl
Citizens Trust Bank Unveils Down Payment Assistance Grant Program
Eligible borrowers can receive a maximum of $2,000 grant contribution at the residential mortgage loan closing. Continue Reading Citizens Trust Bank Unveils Down Payment Assistance Grant Program
New York State Considers Raising Reverse Mortgage Borrower Age
The bill would also define the role of a non-borrowing spouse in the reverse mortgage. Continue Reading New York State Considers Raising Reverse Mortgage Borrower Age
Mortgage Rates Take a Drop
A year ago at this time, the 30-year fixed-rate mortgage averaged 5.27%. Continue Reading Mortgage Rates Take a Drop
Mortgage Application Activity Drops Amid Jumbo Mortgage Jitters
“The jumbo-conforming spread continues to narrow,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Drops Amid Jumbo Mortgage Jitters
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