Mortgage Industry News
S&P Corelogic Case-Shiller Index Declined Again in December
Home price gains continued to drop across the United States according to the latest results for the S&P CoreLogic Case-Shiller Indices. Before seasonal adjustment, the U.S. National Index posted a -0.8% month-over-month decrease in December, while the 10-City and...
What is an independent broker? Pros and cons
Source: Inman --- For real estate agents who are looking for a chance to take their professional life to the next level, pursuing the role of real estate broker is a natural step. While part of the pursuit of this goal involves additional education and training, it...
Today’s Mortgage Rates & Trends – August 8, 2022: Rates seesaw
Source: Investopedia --- Rates on 30-year mortgages rose by almost four-tenths of a point Friday, extending a three-day pattern of dramatic up and down swings ranging from a third to a half a percentage point each day. National Averages of Lenders' Best Rates Loan...
Can you refinance a seller-financed mortgage?
Source: The Mortgage Reports --- Some home buyers get their mortgage loans from the home’s seller — not from a mortgage lender. This kind of financing, known as “owner financing” or “seller financing,” can help buyers who don’t meet standard mortgage guidelines at the...
As Mortgage Rates Stay Up, Lenders and Brokers Need to Get ‘Creative’
Source: Market Scale --- Freddie Mac’s weekly averages since July 14 have been volatile, with spikes and dips in 30-year fixed, 15-year fixed and 15-year adjustable mortgage rates. But even with some short term relief after August 4’s numbers brought rates below 5%...
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