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Ohio AG Sues United Wholesale Mortgage, Claiming ‘Conspiracy’ with Brokers
Yost launched his campaign for governor in January. Continue Reading Ohio AG Sues United Wholesale Mortgage, Claiming ‘Conspiracy’ with Brokers
California Lawmakers Introduce Mortgage Forbearance Bill for LA Wildfire Survivors
The bill was inspired by the mortgage forbearance aspects of the Covid-era CARES Act. Continue Reading California Lawmakers Introduce Mortgage Forbearance Bill for LA Wildfire Survivors
Additional Reading: Top Mortgage Industry News & Headlines
Chrissi Rhea, Co-Founder and Chief Executive of Mortgage Investors Group, Passes Away
“She was the epitome of selflessness, giving not only her money but her time and gifts,” said her son, Kevin Rhea. Continue Reading Chrissi Rhea, Co-Founder and Chief Executive of Mortgage Investors Group, Passes Away
Mortgage Delinquency Rate Up Slightly from Last Year
The effects of Hurricanes Helene and Milton will likely impact the next quarterly report. Continue Reading Mortgage Delinquency Rate Up Slightly from Last Year
Mortgage Rates Up for Sixth Straight Week
The 30-year fixed-rate mortgage averaged 6.79% as of Nov. 7. Continue Reading Mortgage Rates Up for Sixth Straight Week
Mortgage Rates’ Rise Has Led to Wide Gap With US Bond Yields
Source: US News --- LOS ANGELES (AP) — Economists are baffled by a wider-than-usual divergence between long-term mortgage rates and the yield on the benchmark U.S. government bond that is driving a sharp rise in borrowing costs and helping to torpedo the U.S. housing...
Whether it’s 2022 or 2023, U.S. Housing Market Performance Will be Tied to the Interest Rate Whims of The Fed
Source: Yahoo Finance --- The year 2022 brought a thriving residential home investment market to its knees. But you’d never have guessed that based on how the year started, with skyrocketing home values and bidding wars. When the Federal Reserve began raising interest...
34% of Americans Say Paying Off a Mortgage Is a Top Goal. But Should It Be One of Yours?
Source: The Ascent --- Many people who own homes carry a mortgage for many years. In fact, it's common to spend 30 years (or more) paying off a home. A lot of people start out with a 30-year mortgage and refinance it to another 30-year loan at some point down the...
Mortgage rates keep downward trajectory to close out 2022: Freddie Mac
Source: Fox Business --- Last week, mortgage rates dropped for the sixth consecutive week as the market continues to react to positive economic indicators, according to Freddie Mac. The average rate for a 30-year fixed-rate mortgage fell to 6.27% for the week ending...
Dave Ramsey Says Home Buyers Should “Find a New Lender” in This Situation
Source: The Ascent --- Finding a mortgage lender can be a really confusing process. There are lots of different kinds of home loans out there, and many different types of lenders including banks, credit unions, and online lenders. There are also myriad criteria to...
2022 marked the end of cheap mortgages and now the housing market has turned icy cold
Source: NPR --- Evan Paul and his wife entered 2022 thinking it would be the year they would finally buy a home. The couple — both scientists in the biotech industry — were ready to put roots down in Boston. "We just kind of got to that place in our lives where we...
Mortgage Rates Are Falling, Which Is Good News for UWM Holdings
Source: The Motley Fool --- Mortgage companies are highly unpopular, but is sentiment too negative in the case of this stock? The past year was extraordinarily difficult for companies in the mortgage space. The Fed aggressively hiked interest rates to help get...
Home buyers get some relief as mortgage rates come off 7% highs
Source: Los Angeles Times --- In October, mortgage interest rates topped 7% for the first time in two decades, the latest milestone reached this year amid a surge in borrowing costs. But potential home buyers may have noticed something different recently: Rates are...
Mortgage rates fall for the sixth week in a row
Source: Yahoo! News --- Mortgage rates dropped for the sixth straight week, but housing activity remained muted going into the holidays. The rate for the average 30-year fixed mortgage slipped to 6.27% from 6.31% the week prior, according to Freddie Mac. Rates have...
How do fixed-rate mortgages work? Is a fixed-rate loan best?
Source: The Mortgage Reports --- What is a fixed-rate mortgage? In mortgage terms, a fixed rate means the interest rate remains the same for the life of your home loan — keeping your monthly principal and interest payment consistent. The rate on a fixed mortgage is...
