Mortgage Industry News
Mortgage Application Activity Up 2.8%
The Refinance Index was up by 14% from the previous week and was 10% higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 2.8%
CBC Mortgage Agency Introduces Temporary Rate Buydowns
The new feature functions as either a 2-1 buydown or a 1-0 buydown, lowering the interest in the first years of homeownership. Continue Reading CBC Mortgage Agency Introduces Temporary Rate Buydowns
Churchill Mortgage Lender Review 2023
Source: Forbes Advisor --- What Churchill Mortgage Offers Churchill Mortgage Company operates in 49 states and offers a handful of different mortgage products that tend to be the more popular loan products. It’s not licensed in New York or Washington D.C. Churchill...
What Is a Reverse Mortgage & What Does It Mean to Me?
Source: The Street --- A reverse mortgage is an increasingly attractive proposition for older Americans who may be low on cash, need to supplement retirement income, and want to use their home equity to remain in the house they own. What Is a Reverse Mortgage? Reverse...
HUD Announces 30bps decrease in Mortgage Insurance Premium (MIP) for FHA Loans
The U.S. Department of Housing & Urban Development (HUD), through the Federal Housing Administration (FHA), has announced a 30-basis-point reduction to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who obtain an FHA-insured mortgage....
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