Mortgage Industry News
FTC Begins Claims Process for Victims of Lanier Law’s Mortgage Relief Scam
The deadline to file a claim is March 18. Continue Reading FTC Begins Claims Process for Victims of Lanier Law’s Mortgage Relief Scam
Mortgage Applications for New Home Purchases Up 22.2%
The average loan size for new homes increased from $390,049 in November to $405,368 in December. Continue Reading Mortgage Applications for New Home Purchases Up 22.2%
As Housing Market Cools, Homebuyers are Putting Less Money Down on a Home
The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to a new report from Redfin, the technology-based real estate brokerage. The median down payment was down 35% from the peak it...
‘I thought things would start to cool down’: High rates, prices challenge homebuyers
Source: 13 WMAZ --- LOS ANGELES — Homeownership is likely to remain a pipe dream for many Americans this spring homebuying season. The nation’s worst housing slump in nearly a decade stoked hope among prospective buyers that homes could be scooped up more easily. But...
Wild Swings in Interest Rates are Making Sellers Hesitate to List Their Homes
According to Zillow's latest market report, mortgage rates — both their high levels and wild swings are making life difficult for buyers and sellers. Relatively high rates have reduced new listings to record lows, leaving buyers with limited options. Any dips in...
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