Mortgage Industry News
Rocket Mortgage Unveils 1% Down Payment Program
The company added that the program eliminates the need for the mortgage insurance fee. Continue Reading Rocket Mortgage Unveils 1% Down Payment Program
Mortgage Applications on New Home Purchases Up 4.1%
“This was the third straight month of year-over-year growth in applications,” said MBA’s Joel Kan. Continue Reading Mortgage Applications on New Home Purchases Up 4.1%
Mortgage rates fall for first time in months
Source: The Hill --- Mortgage rates dipped slightly last week for the first time in more than two months amid the Federal Reserve’s ongoing fight with inflation, according to data released Wednesday by the Mortgage Bankers Association (MBA). The MBA’s weekly survey...
Mortgage rates are soaring. Is it still OK to refinance your home?
Source: Yahoo! News --- Mortgage rates, over 7% or so, are at their highest levels in 20 years and loan applications are down. So, it should follow, that homeowners looking to refinance loans would also be headed to the sidelines in droves. But according to experts,...
Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)
Source: The New York Times --- Mila Adams moved to Utah in May with her husband and toddler son to be closer to family, but they didn’t expect to be living with her husband’s parents nearly a half year later. The couple’s search for a home of their own became a race...
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