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Mortgage Application Activity Down Again

by Phil Hall | Sep 13, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

“Credit availability in August increased slightly but remained close to the very low levels last seen in January 2013,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Down Again

Mortgage Rates Drop, But Remain Above 7% Mark

by Phil Hall | Sep 7, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

“For the fourth consecutive week, the 30-year fixed-rate mortgage hovered above 7%,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Drop, But Remain Above 7% Mark

Additional Reading: Top Mortgage Industry News & Headlines

Some BIG Changes to Mortgage Costs Were Just Announced

by Third Party | Jan 21, 2023 | Industry Updates, Mortgage Information

Source: Mortgage News Daily --- In a single moment, the fees for a vast majority of new mortgages in the US have changed. In some cases, the changes are drastic, both for better and worse. Let's break it down. What do you mean by "fees/costs?" This refers to Loan...

What You Need to Know About Foreclosure Rates

by Third Party | Jan 21, 2023 | Mortgage Information, Real Estate Agent Tools

Source: US News --- As a homeowner, homebuyer or aspiring real estate investor, you want to understand the housing market more. Median home prices, mortgage interest rates and average days on market are all valuable metrics to grasping current activity on the market....

First-time homebuyers are pretty much screwed in 2023

by Third Party | Jan 20, 2023 | Industry Updates, Mortgage Information

Source: Insider --- First-time homebuyers just can't catch a break. The massive government stimulus issued during the early stages of the pandemic combined with rock-bottom mortgage rates led to one of the most dramatic home-buying frenzies in US history. The buying...