Mortgage Industry News
Today’s Jumbo Mortgage Rates
Source: Motley Fool --- If you're looking to buy a home, you'll often hear that it's best to keep your housing costs on the low side so you don't risk overextending yourself. But in some markets, that's just not possible. If you're looking to buy a home in an...
Today’s Mortgage Rates, August 31, 2022 | Average Rate on Cusp of 6%
Source: Time --- In 2022, mortgage rates rose nearly to levels not seen since before the pandemic, after nearly two years of record-low rates. The refinance or purchase of your home doesn’t have to be put on hold. Although rates are higher than they were last year,...
Ten steps than can improve housing affordability
Source: Pasadena Star News --- I was excited to read about your recent Executive Order on promoting competition across America with the goal of reducing consumer prices. When it comes to real estate, reducing purchase and refinance transactional costs along with...
Millennials’ Real Estate FOMO Goes Haywire
Source: Bloomberg --- Here’s a word to add to your investing vocabulary: Dungers. The term for dilapidated, crumbling houses comes from New Zealand, which is in the grip of a striking property boom. The country topped Bloomberg Economics’ risk radar in June for being...
Biden’s new dilemma: How to slash housing costs for low-income borrowers
Source: Politico --- President Joe Biden’s move to fire the top U.S. mortgage regulator is triggering calls from fellow Democrats to use the agency to expand access to loans for lower-income people, who have struggled to buy homes since the financial crisis. That’s...
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