Mortgage Industry News
John Cady Named President of Citywide Home Loans
“The company is the perfect mix of culture, service and programs that many mortgage professionals have been looking for,” said Cady. Continue Reading John Cady Named President of Citywide Home Loans
Mortgage Applications Plunge to 27-Year Low
Among the federal programs, the FHA share of total applications increased to 14.5% from 14.1% the week prior. Continue Reading Mortgage Applications Plunge to 27-Year Low
With Rising Interest Rates, Do Adjustable Rate Mortgages Make Sense?
Source: Albany Herald --- As rates on traditional mortgages have risen, a growing number of home buyers are turning to adjustable rate loans in order to save a few dollars. But do buyers risk getting hit with significant increases when that lock expires? Don't let...
Five ways to reduce your mortgage repayments in 2023 – and why rates have risen so high
Source: The Conversation --- Around 4 million UK households will face higher mortgage costs in 2023 with average monthly payments expected to increase from £750 to £1,000. Banks’ lending rates are directly influenced by the Bank of England’s base rate, which rose nine...
Real Estate Rebound: Demand for New Mortgages Jumps 28% in One Week
Source: Yahoo Finance --- The U.S. housing market’s topsy-turvy ride shows no sign of letup in the new year, as mortgage applications rose sharply last week despite fears that home sales will keep sinking in 2023. Mortgage applications for the week ending Jan. 13,...
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