Mortgage Industry News
Barry Habib Added to Fannie Mae’s Board of Directors
There was no formal press statement on the appointment. Continue Reading Barry Habib Added to Fannie Mae’s Board of Directors
Mortgage Rates Remain Flat
Fannie Mae predictied mortgage rates will end 2025 and 2026 at 6.4% and 6.0%, respectively. Continue Reading Mortgage Rates Remain Flat
Mortgage Rates Continue to Drop
The 30-year fixed-rate mortgage averaged 6.63% as of March 6. Continue Reading Mortgage Rates Continue to Drop
Shant Banosian Named President of Rate Mortgage
Banosian joined the company (formerly Guaranteed Rate) in 2007 and was most recently executive vice president for sales. Continue Reading Shant Banosian Named President of Rate Mortgage
Refinancing Fuels 20.4% Upswing in Mortgage Application Activity
The seasonally adjusted Purchase Index increased 9% from one week earlier. Continue Reading Refinancing Fuels 20.4% Upswing in Mortgage Application Activity
Mortgage Rates Drop to Lowest Point in 4 Months
Source: U.S. News --- The average 30-year fixed mortgage rate fell to 6.46% this week, the lowest it's been since September 2022. Mortgage rates declined across the board this week, with the average fixed rate on a 30-year mortgage falling to 6.46%. This is the lowest...
How to Price Your Home Correctly in Massachusetts
Source: MassRealty --- Proper Housing Pricing in Massachusetts is Essential It can be challenging to price your home correctly, but with some preparation and helpful tips, you can make the process as smooth as possible. When it comes to pricing a home in...
Letter to the editor: How do I tell the difference between a business and consumer mortgage?
Source: firsttuesday Journal --- Question: What is the difference between a business and consumer mortgage loan? Answer: A business mortgage — also known as a commercial loan — is a separate category of mortgage controlled by California rules and practices than a...
Mortgage rates drop to the lowest level since September: Freddie Mac
Source: Fox Business --- Mortgage rates dropped further last week to the lowest level since September, creating more opportunities for homebuyers, according to Freddie Mac. The average rate for a 30-year fixed-rate mortgage fell to 6.15% for the week ending Jan. 19,...
Correct House Pricing is Essential For Success
Source: Maximum Real Estate Exposure --- How to Price a House For Sale Pricing a house in a way that will encourage a timely sale is quite challenging for home sellers and often for Realtors. House pricing isn’t rocket science, yet so many get it wrong. Numerous...
Some BIG Changes to Mortgage Costs Were Just Announced
Source: Mortgage News Daily --- In a single moment, the fees for a vast majority of new mortgages in the US have changed. In some cases, the changes are drastic, both for better and worse. Let's break it down. What do you mean by "fees/costs?" This refers to Loan...
What You Need to Know About Foreclosure Rates
Source: US News --- As a homeowner, homebuyer or aspiring real estate investor, you want to understand the housing market more. Median home prices, mortgage interest rates and average days on market are all valuable metrics to grasping current activity on the market....
First-time homebuyers are pretty much screwed in 2023
Source: Insider --- First-time homebuyers just can't catch a break. The massive government stimulus issued during the early stages of the pandemic combined with rock-bottom mortgage rates led to one of the most dramatic home-buying frenzies in US history. The buying...
Rocket Mortgage Introduces Purchase Plus, a Special purpose credit program that offers up to $7,500 in lender credits for first-time buyers in underserved communities
Special purpose credit program offers up to $7,500 in lender credits for first-time buyers in underserved communities to eliminate a significant hurdle to homeownership “Homeownership has a significant impact on strong communities and the creation of generational...
South Africa’s Flow gets funding to automate social media advertising for real estate agencies
Source: Tech Crunch --- The process used by millions of agents and thousands of property portals globally to reach buyers and sellers on digital channels is highly fragmented. And it’s evident that proptech, unlike other industries, has lagged in utilizing social...
