Mortgage Industry News
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%
Mortgage Rates Drop to 8-Month Low
The 30-year fixed-rate mortgage averaged 6.60% as of Jan. 18. Continue Reading Mortgage Rates Drop to 8-Month Low
Mortgage rates rise for the fifth-straight week
Source: CNN Business --- Washington, DCCNN — Mortgage rates edged further toward 7%, rising for the fifth consecutive week, as the Federal Reserve suggests rate increases will continue amid stubborn inflation. The 30-year fixed-rate mortgage averaged 6.73% in the...
Real estate: A guide for new homebuyers
Source: Tahoe Daily Tribune --- You’ve made the brave decision to enter the real estate market and purchase your own home. Congratulations! Buying a home is a huge milestone. Now that you’re ready to take the plunge, we wanted to provide you with some tips and tricks...
Buying a house with a friend
Source: Bankrate --- For many prospective homebuyers, sole ownership is prohibitively expensive. With inflation and mortgage rates still high, some people may be thinking about less-conventional options for buying a home. While spouses and family members are frequent...
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