Mortgage Industry News
titleLOOK Expands Title Report Reviews to Mortgage Banking Sector
The Bangor, Maine-based titleLOOK by Mainspring Services announced that it is now offering its automated title review to lenders, government-sponsored enterprises and other organizations in the mortgage banking sector. titleLOOK was launched in 2021 and was initially...
Housing Trade Groups Warn Powell That Fed Policies Fuel ‘Ongoing Market Uncertainty’
“Today, the spread between 30-year mortgage rates and 10-year Treasury yield is at historically high levels,” the trade groups warned. Continue Reading Housing Trade Groups Warn Powell That Fed Policies Fuel ‘Ongoing Market Uncertainty’
What is mortgage insurance?
Source: Insurance Business Mag --- Lenders typically require home buyers to provide a down payment equivalent to 20% of the property’s purchase price to qualify for a loan. This amount, however, which can easily hit upwards to the tens to the hundreds of thousands of...
Today’s best mortgage deal? Look to 15-year rates for greater interest savings | Jan. 17, 2023
Source: Fox Business --- Based on data compiled by Credible, mortgage rates for home purchases have risen across all terms since last Friday. 30-year fixed mortgage rates: 6.625%, up from 6.500%, +0.125 20-year fixed mortgage rates: 6.500%, up from 6.125%, +0.375...
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...
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Recent Posts
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