Posts Covering Mortgage News

How Americans are using the HELOC to their advantage

Home equity topped $1 trillion in the U.S. last month, and American homeowners are certainly taking advantage of it. According to a new study, Home Equity Lines of Credit (HELOCs) are becoming especially popular – especially with Generation Xers and homeowners in the Midwest.

Dodd-Frank repeal: Why you don’t have to worry about it

Congress just approved a partial rollback of the Dodd-Frank mortgage reform law. But the part that affect borrowers — the collection of information to detect discrimination — won’t harm consumers who shop for mortgages online.

Mortgage rate shopping especially effective in these U.S. cities

Rate shopping can save home buyers immensely on their mortgage loans, but apparently it doesn’t stop there. According to a new analysis from LendingTree, rate shopping in certain markets can save even more.

Buying a house? New forecast says now’s the time to act

When it comes to buying a house, time is of the essence – at least according to Freddie Mac’s latest forecast. The GSE expects mortgage rates to jump nearly a half-percent by the end of 2019.

HELOCs poised to rise; tappable equity jumps for most homeowners

It looks like HELOCs are about to rise. According to a new survey, nearly half of all homeowners have a Home Equity Line of Credit on their radar, with 42 percent saying they’re somewhat, very or extremely likely to apply for one in the next 18 months.

Home buying trends: Millennials are more conventional than you might think

Millennial home buyers seem to have pretty good credit. According to new home buying trends, not only are their credit scores rising, but they’re also qualifying for more conventional loans – products that are traditionally more difficult to get without stellar credit.

Becoming a homeowner? Here’s how much you’ll need to make in your city

How much money for a mortgage? Owning a home in one of the nation’s largest cities doesn’t have to come with equally large costs. In fact, in some American towns, a salary of only $20K is enough to afford a mortgage. Low-cost big cities Taking into account U.S. Census data, property taxes, current interest rates, […]

Airbnb: Fannie Mae to allow home-sharing income on refinance applications

Are you renting out your property on Airbnb? Soon, you might be able to count that income on your refinance application.

Mortgage lender to offer fast-tracked application process, more accurate quotes

Want to buy a home but don’t want to deal with the time-consuming, tedious process? One new mortgage lender may have the solution for you.

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.

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.

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Worth the risk? Not in these 16 housing markets

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

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

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

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

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

Forecast predicts boost in housing inventory, sales in 2018

New homes in high demand; sales surge as 2018 looms

Are home prices finally dropping? They just might be

Fannie Mae announces new higher loan limits for 2018

Confidence in new home construction: building starts and completion up

Mortgage refinancing in high demand as rates fall lower

Mortgage customer satisfaction: best mortgage lenders

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

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

Forget listing prices; affordable housing is historically high

How millennials influence the housing market

Rising rent crisis: Tenants struggle to keep up as costs skyrocket

Want the small-town life? The Northeast has the best small cities

Want to save cash? Save on closing costs and buy in Missouri

Realtors optimistic about next six months in housing markets

Buyer survey: online, mobile tools on the rise in mortgage shopping

MBA predicts 7% jump in home purchase applications for 2018

Houston, we have affordable housing

Freddie Mac survey: Mortgage rates edge down yet again

Moving this fall? Here are the strongest housing markets this season

Mortgage payments: Freddie Mac feels your pain (and is doing something about it)

P2P mortgage lending could be a game changer for Millennials

Single women experience slower home appreciation than single men

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)