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SouthState Bank Launches Fund to Help LMI Borrowers Achieve Homeownership
To finance the fund, SouthState allocated $10 million that will be drawn from over a three-year period. Continue Reading SouthState Bank Launches Fund to Help LMI Borrowers Achieve Homeownership
UK Homeowners Facing Mortgage Rates Over 5%
Unlike the U.S., mortgage borrowers in the U.K. are required to renew mortgages on a cyclical basis. Continue Reading UK Homeowners Facing Mortgage Rates Over 5%
Additional Reading: Top Mortgage Industry News & Headlines
FHFA Announces Increase Conforming Loan Limit to $726,200
Baseline Conforming Loan Limit Will Increase to $726,200 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In...
Are You Earning More in Your Savings Than What You’re Paying on Your Mortgage?
Source: The Ascent --- You'll often hear that it pays to pump extra money into your mortgage if you're able to do so. That way, you can pay off your home early and benefit from interest-related savings. But these days, some mortgage borrowers may be earning more...
In tough housing market, mortgage rate buydowns gain momentum
Source: Bankrate --- Amid higher mortgage rates and a cooling housing market, some home sellers are wooing buyers with a freshly popular incentive: paying for a temporary reduction to the buyer’s mortgage interest rate. Why are buydowns popular now? In one common...
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