Mortgage Industry News
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...
How AI is Revolutionizing the Real Estate Market
Source: Realty Biz News --- Time marches on, and so does the sophistication of the technologies we use in our everyday lives like AI. Whether they’re for personal use or those we leverage in our professional endeavors, new software technologies like artificial...
The housing market boom has at least another year to run, Zillow economists predict
Source: Yahoo Finance --- The data is clear: The pandemic housing boom—which has seen U.S. home prices soar 19.8% over the past year—is finally losing some steam. What's going on? Soaring mortgage rates, which have climbed from 3.11% to 5.25% over the past five...
How Fannie Mae is creating new opportunities for homeownership
Source: Housing Wire --- Fannie Mae recently released its National Housing Survey, which revealed that consumers, in general, still believe that owning a home is better than renting. HousingWire Content Solutions Managing Maleesa Smith and Katrina Jones, Fannie Mae’s...
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