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Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6%
23.5% of mortgaged homeowners have a rate below 3%. Continue Reading Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6%
Mortgage Application Activity Records an Uptick
“The average loan size on a purchase loan decreased for the third straight week,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Records an Uptick
Additional Reading: Top Mortgage Industry News & Headlines
Dave Stevens on understanding this housing market
Source: Housing Wire --- I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to think like I did when I was a top loan originator...
Mortgage demand falls again even as rates sink further
Source: CNBC --- Lower mortgage rates are pulling some current homeowners back to the refinance market, but not enough to offset the drop in demand from homebuyers. Mortgage application volume fell 1.9% last week compared with the previous week, according to the...
OneTrust Home Loans: About HECM reverse mortgages
Source: The Sentinel-Record --- What is a HECM reverse mortgage? Home Equity Conversion Mortgages, also known as reverse mortgage loans, were created more than 25 years ago to help Americans age 62 and older convert a portion of their home equity into tax-free money....
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