Posts Covering Mortgage News

Renovations named top reason for HELOCs – but many still don’t know what HELOCs do

Home renovations are the No. 1 reason homeowners take out HELOCS – or Home Equity Lines of Credit, but that doesn’t mean they’re popular by any means. In fact, according to a new survey, the majority of homeowners have never even heard of a HELOC – or the ways it can benefit their home and pocketbook.

Planning to buy a home in 2018? Most Americans think now is the time to act

If you’re looking to buy a home this year, you’ll likely want to act fast – at least that’s what an increasing number of Americans think. According to new data, the number of consumers who think now is a good time to buy is on the rise and likely won’t stay that way for long.

Millennials keep refinancing, flock to Wyoming

Inventory might be low, but that’s not stopping Millennials from upping their housing game. According to new data, Millennials are refinancing in droves month after month.

Housing affordability still high, despite increasing home prices

Despite rising home prices, American housing is actually quite affordable. According to new data, today’s home buyers actually have “historically high levels of house-purchasing power.”

You don’t have to pay your back taxes to get a mortgage

Can you get a mortgage if you owe back taxes? Fannie Mae says you can, if you follow these tips.

February 2018 mortgage rates forecast (FHA, VA, USDA, Conventional)

February will be a pivotal month for mortgage rates. With a new tax code and the economy picking up steam, what does this month hold?

Mortgage applications rise, indicate strong 2018 ahead

It looks like 2018 is going to be another good year for housing. According to new data, mortgage applications were up the first week of the year, and last month, they jumped nearly 8 percent. Does that mean more competition's on the horizon?

The Shutdown and your government mortgage: How it will affect FHA, VA and USDA loans

The government shutdown might impact your government mortgage -- VA, FHA and USDA loan programs are all backed by the government and will be affected to some degree.

More homeowners refinance as tax reform looms overhead

Homeowners are refinancing in droves. According to new data, refinances accounted for 40 percent of all closed loans in December, and on just conventional loans, the refinance share was nearly half.

2018 conforming loan limits jump by nearly $30,000 [INFOGRAPHIC]

2018 conforming loan limits are higher by nearly 7% compared to last year. How this will help applicants who were considering a jumbo loan.

2018 To Be A Breakout Year For FHA Buyers

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

Could the new tax plan benefit home buyers? One report says yes

It seems the recently passed tax legislation may have some hidden benefits for this year’s home buyers. According to a new report, the changes could slow home price growth by as much as 4 percent.

Mortgage search engine paves clear path to home buying

Finding the right home buying partners is now easier than ever, thanks to a brand new mortgage-specific search engine. Dubbed Vendor Surf, the tool lets buyers find companies in 75 different categories to help with their home purchase and mortgage process.

Worth the risk? Not in these 16 housing markets

If you want a low-risk home purchase, steer clear of Florida. The Sunshine State claims 10 of the nation’s 16 riskiest housing markets — markets where prices are outpacing incomes and rents are more affordable than mortgages.

Alexa, pay my mortgage: Amazon partners with Quicken for game-changing mortgage offering

Amazon Alexa users can now use their device to make payments on their Rocket Mortgage loans, among other mortgage-related tasks.

Lenders are loosening the reins; what FICO score do you need to get a mortgage?

FICOs drop for average buyer It looks like mortgage lenders are loosening their credit standards a bit. According to data from Ellie Mae, November saw the average buyer FICO score drop two points over October. FICOs also dropped on refinance loans across the board. Lower FICO score? No problem According to Ellie Mae’s November Origination […]

Fed hikes rates. What does it mean for your mortgage?

The Fed hiked rates for just the fifth time since the financial crisis. What does that mean for mortgage rates?

The Millennial home buyer gender gap: male vs. female mortgage characteristics

The mortgage experience is not completely equal for the male versus female Millennial homebuyer.

Buyers dread mortgage application, but love their lenders; what gives?

While the mortgage application is still about as much fun as a DMV appointment for most, at the end of the day, borrowers are happy with their lenders and their home loans.

Forecast predicts boost in housing inventory, sales in 2018

Housing inventory is rising in many markets. That should increase the supply of affordable homes for new buyers.

2018 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)