Mortgage Industry News
Average Homebuyer’s Monthly Mortgage Payment Up 19% From Last Year
Pending home sales were down 14.4% year-over-year, with declines in all but two of the metros tracked by Redfin. Continue Reading Average Homebuyer’s Monthly Mortgage Payment Up 19% From Last Year
Mortgage Rates Inch Closer to the 7% Mark
Freddie Mac’s Sam Khater attributed the rising rates to “upbeat economic data and the U.S. government credit rating downgrade.” Continue Reading Mortgage Rates Inch Closer to the 7% Mark
How do you refinance your mortgage?
Source: CBS News --- Refinancing your mortgage essentially means replacing it. You get a new loan, ideally one with more favorable terms, use it to pay off the old one, and voila — you've refinanced. Homeowners often refinance to lower their interest rate, reduce...
‘A ray of hope’: As mortgage rates fall for a fourth week, experts say homes may soon become affordable again — even if volatility is here to stay
Source: Yahoo! --- Mortgage rates are continuing their downward trend as investors keep a lookout for more signs of cooling inflation. “This week, labor cost data provided a ray of hope as it showed that hourly compensation was lower than previously reported in the...
Best Mortgage Lenders For First-Time Homebuyers
Source: Next Advisor --- Buying a house for the first time can put a strain on your budget. Fortunately, first-time homebuyer programs can ease the pressure by offering some form of financial assistance. Considering how much home prices have increased in the past few...
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