Mortgage Industry News
Mortgage Rates Hold Steady in the Mid-6% Range
The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, slightly up from last week when it averaged 6.62%. Continue Reading Mortgage Rates Hold Steady in the Mid-6% Range
Foreclosure Filings Up 10% in 2023
The state with the highest foreclosure rates in 2023 was New Jersey with 0.46% of housing units with a foreclosure filing. Continue Reading Foreclosure Filings Up 10% in 2023
Best construction loan lenders in 2023
Source: Bankrate --- Most people can’t afford to design and build their own home or pay for major renovations out of pocket, which is why many lenders offer construction loans — shorter-term loans used to finance construction/rehabilitation of or addition to a...
4 practical tips for negotiating your mortgage
Source: CNBC --- Purchasing a home with the help of a mortgage is one of the most expensive financial transactions you can undertake. Given both the costs and commitment that come with signing a mortgage, it makes sense to negotiate the best possible deal with...
I Don’t Want a Reverse Mortgage. What Are the Best Alternatives?
Source: Yahoo! Life --- A reverse mortgage can provide you with a steady stream of income in retirement. Reverse mortgages do have risks and they can affect your ability to pass on assets to your heirs later. Fortunately, there’s more than one alternative to reverse...
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