Posts Covering Mortgage News

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.

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

January could set the tone for 2018 mortgage rates. With a new tax code and the economy picking up steam, what does this month hold for mortgage rates?

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.

New homes in high demand; sales surge as 2018 looms

Like new It’s all about new properties with today’s home buyers. According to new data from the U.S. Department of Commerce, sales of new homes spiked in October, jumping more than 6 percent over the month. Sales up About 685,000 new homes sold in October – up from 645,000 in September. It’s the third month […]

Are home prices finally dropping? They just might be

Home prices have risen alarmingly in 2017, putting pressure on first-time buyers to find affordable properties. But things might be improving for those trying to buy a home in 2018.

Fannie Mae announces new higher loan limits for 2018

Fannie Mae and Freddie mac loan limits will go up in 2018 for most borrowers. find out about your area's loan limit here.

Confidence in new home construction: building starts and completion up

Builders are confident and doing well, and new home construction is up. This is good news for buyers who are looking for affordable homes

Mortgage refinancing in high demand as rates fall lower

Mortgage refinancing is popular again, as interest rates fall.

Mortgage customer satisfaction: best mortgage lenders

Mortgage customer satisfaction: what do homebuyers and homeowners want, and who delivers it best?

How will Trump’s tax reform proposals affect my homeownership plans?

Tax reform is trying to make its way through Congress. If passed, what would it mean for the everyday home buyer and home owner?

Home construction comeback: Could more housing starts be on the way?

An increase in new home construction is good for today's homebuyers.

Forget listing prices; affordable housing is historically high

Affordable housing is widely available and historically high in all but three states, according to new data.

How millennials influence the housing market

Millennials impacting the housing market According to one national housing trend report, first-time buyers make up 47 percent of all purchases. Half of those buyers are under 36 years old. It's safe to say that (finally!) millennials comprise a large segment of homebuyers. Millennials only group "moving up" in homeownership The Zillow report indicated that […]

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)