Mortgage Industry News
Look Up, Folks, Because That’s Where Mortgage Rates Are Heading!
A year ago at this time, the 30-year fixed-rate mortgage averaged 5.09%. Continue Reading Look Up, Folks, Because That’s Where Mortgage Rates Are Heading!
Q1 Mortgage Origination Activity at 23-Year Low
On the refinance side, only 407,956 mortgages were rolled over into new ones – the smallest amount this century. Continue Reading Q1 Mortgage Origination Activity at 23-Year Low
4 Ways Rent-to-Own Can Help You Buy a House
Source: The Ascent --- Although home prices in some regions of the country have softened, the median price of a single-family home still rings in at just under $385,000. With mortgage rates hovering around 7%, the monthly payment alone pushes many would-be home buyers...
The Latest Inflation Numbers Are Good News for Mortgage Rates
Source: Money --- Hope for relief from rapidly rising mortgage rates was revived this week when October inflation numbers came in lower than expected. Consumer prices continued to increase last month but at a slower pace than at any other point this year. The latest...
If the value of your home is depreciating, you could have an upside down mortgage — here’s what you should know
Source: CNBC --- Buying a home often seems like a promising strategy to build wealth since your monthly mortgage payments can help you build equity, and home values typically appreciate over time. However, sometimes due to housing market conditions, your home’s value...
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