Posts Covering Mortgage News
February 15, 2018 in Mortgage News
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.
February 13, 2018 in Mortgage News
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.
February 1, 2018 in Mortgage News
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.”
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?
January 24, 2018 in Mortgage News
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 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.
January 21, 2018 in Mortgage News
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.
January 18, 2018 in Mortgage News
2018 conforming loan limits are higher by nearly 7% compared to last year. How this will help applicants who were considering a jumbo loan.
January 4, 2018 in Mortgage News
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.
January 2, 2018 in Mortgage News
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.
December 29, 2017 in Mortgage News
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.
December 26, 2017 in Mortgage News
Amazon Alexa users can now use their device to make payments on their Rocket Mortgage loans, among other mortgage-related tasks.
December 25, 2017 in Mortgage News
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 […]
The Fed hiked rates for just the fifth time since the financial crisis. What does that mean for mortgage rates?
The mortgage experience is not completely equal for the male versus female Millennial homebuyer.
December 12, 2017 in Mortgage News
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.
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)