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Mortgage Applications Increase After Dip in Mortgage Rates
Source: Mortgage Orb --- A decrease in mortgage rates resulted in mortgage application volume increasing 2.2% during the week ended November 18. According to the Mortgage Bankers Association’s Weekly Applications Survey, applications for refinances increased 2%...
FHFA Announces Increase Conforming Loan Limit to $726,200
Baseline Conforming Loan Limit Will Increase to $726,200 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In...
Are You Earning More in Your Savings Than What You’re Paying on Your Mortgage?
Source: The Ascent --- You'll often hear that it pays to pump extra money into your mortgage if you're able to do so. That way, you can pay off your home early and benefit from interest-related savings. But these days, some mortgage borrowers may be earning more...
In tough housing market, mortgage rate buydowns gain momentum
Source: Bankrate --- Amid higher mortgage rates and a cooling housing market, some home sellers are wooing buyers with a freshly popular incentive: paying for a temporary reduction to the buyer’s mortgage interest rate. Why are buydowns popular now? In one common...
10 Cities Where Home Prices are Falling the Most
Source: Yahoo! Money --- Today’s housing market couldn’t be more different from the sizzling market of 2020 and 2021. Instead of flying off the market as soon as they’re listed, a growing number of today’s houses are languishing — and to the dismay of homeowners,...
Investment Banking Giant Sounds a Warning: The Housing Market Has ‘Further to Fall’
Source: The Ascent --- There's a reason sellers have had such a huge advantage over buyers over the past few years. The real estate market has lacked inventory in a very big way. Meanwhile, the supply of available homes began to dwindle at a time when mortgage...
