Posts Covering Mortgage News

Record Numbers Of Mortgage Applicants Are Getting Approved

A Fed survey shows mortgage lenders making it drastically easier to get mortgage-approved. Been denied for a mortgage in the past? It's time to re-apply.

Introducing The Mortgage Opportunity Report

In the first monthly Mortgage Opportunity Report, we dig into thousands of inquiries submitted by readers of The Mortgage Reports to find what's trending in today's market.

Half Of Consumers Now Predict Higher Mortgage Rates In 2017

A recent Fannie Mae survey shows a changing mindset among U.S. consumers. Now, they predict rising mortgage rates next year.

Consumers Underestimate How Quickly Home Values Rise

Home prices are rising twice as fast as consumers think they are. Lack of awareness could be costing home buyers thousands each year they delay their purchase.

Refinances Grab More Market Share Thanks To Low Mortgage Rates

With these low rates, it's no wonder refinances are gaining ground on purchases. What this means for homeowners and those who want to become one.

Just 1-In-20 Consumers Predicted Today’s Mortgage Rates

Fannie Mae survey shows that consumers repeatedly miss on mortgage rate predictions. But, U.S. households now think low rates could last.

Report: More Than 75% Of Mortgage Applications Now Closing

The fear of getting "turned down" for a mortgage may be overblown. Nearly 75% of home buyers are getting approved -- and at very low rates, too.

Six Online Tools Every Mortgage Consumer Should Use

Mortgage applicants enjoy access to more information than ever before. Use these six tools to make the best decision about your mortgage.

8.7 Million Households Missing The Chance To Refinance

As current mortgage rates drop, 8.7 million U.S. homeowners are potentially eligible to refinance to lower rates and lower monthly payments.

Report: Just 1-in-4 Mortgage Applications Don’t Close

The fear of getting "turned down" for a mortgage may be overblown. Nearly 75% of home buyers are getting approved -- and at very low rates, too.

2016 To Be A Breakout Year For FHA Buyers

Home buyers love the FHA loan's mortgage rates and small downpayment requirement. In 2016, FHA is loosening guidelines even more to prompt homeownership.

Mortgage Rates Defy Consumer Expectations Again; Rates Fall To New Depths

Fannie Mae survey shows that consumers expect mortgage rates to be higher by 2017 -- but that's what they say EVERY year. Are consumers finally right? Probably not.

Brexit : Mortgage Rates Near All-Time Low After UK Vote

The bottom fell from U.S. mortgage rates after Britain voted to leave the European Union. "Brexit" is creating one of the best days for rates in history.

Purchase Mortgages Leap To 59% Of All Loans Closed

Low interest rates, rising rents, and loosening mortgage guidelines have pushed purchase loans to a 59% market share.

Almost Everyone Thinks Mortgage Rates Are Done Dropping

Fannie Mae survey shows that consumers expect mortgage rates to be higher in 2016 -- but that's what they say EVERY year. Are consumers finally right? Probably not.

Mortgage Lenders Lowering Loan Approval Standards Rapidly

A Fed survey shows mortgage lenders making it drastically easier to get mortgage-approved. Been denied for a mortgage in the past? It's time to re-apply.

NAR: Buyers Under 37 Dominate Today’s Housing Market

For the third year in a row, according to the 2016 Home Buyer and Seller Generational Trends Report, the largest group of home buyers was the Millennial generation.

Despite Sub-4% Mortgage Rates, Refinances Can’t Catch Purchases

Low interest rates, rising rents, and loosening mortgage guidelines have pushed refinances to a 45% market share. But purchase loans control today's market.

Almost Everyone Thinks Mortgage Rates Are Done Dropping

Fannie Mae survey shows that consumers expect mortgage rates to be higher in 2016 -- but that's what they say EVERY year. Are consumers finally right? Probably not.

Ellie Mae: Lenders Approving More Mortgage Applications

Low interest rates, rising rents, and loosening mortgage guidelines have pushed refinances to a 47% market share. More purchases are getting approved, too.

2016 Conforming, FHA, & VA Loan Limits

Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)