Mortgage Industry News
Cenlar Taps David Schneider as President
Schneider joined the company earlier this year as chief financial officer. Continue Reading Cenlar Taps David Schneider as President
Mortgage Rates Keep Climbing to the 8% Mark
The 30-year fixed-rate mortgage averaged 7.79% as of Oct. 26, up from last week when it averaged 7.63%. Continue Reading Mortgage Rates Keep Climbing to the 8% Mark
‘Good news’ for the spring homebuying season as mortgage rates melt, but economists warn ‘finding a deal remains an elusive quest’
Source: Yahoo! --- Mortgage rates have tumbled to their lowest level since mid-September, drawing eager homebuyers out of their winter retreats. “Home purchase demand is thawing from the months-long freeze that gripped the housing market,” says Sam Khater, chief...
What’s Next For UK Mortgage Rates?
Source: Forbes Advisor --- The Bank of England raised interest rates on 15 December from 3.0% to 3.5%. The 0.5 percentage point increase marked the ninth rise since December 2021 when Bank rate stood at just 0.1%. It put the Bank rate at its highest level since 2008...
Can You Afford a House Right Now?
Source: US News --- The Covid-19 pandemic helped spur one of the biggest housing boom cycles in history. In 2020, the Federal Reserve slashed interest rates to zero, dropping mortgage rates into the 2% range. Artificially low numbers coupled with the new remote work...
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Recent Posts
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