Mortgage Industry News
Mortgage Delinquency Rate Records Q3 Uptick
The third quarter delinquency rate was up 25 basis points from the second quarter and up 17 basis points from one year earlier. Continue Reading Mortgage Delinquency Rate Records Q3 Uptick
Mortgage Rates Go Into a Slump
Freddie Mac’s Sam Khater said the 30-year fixed-rate mortgage recorded “the largest one-week decrease since last November.” Continue Reading Mortgage Rates Go Into a Slump
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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