Posts Covering Mortgage News
May 24, 2018 in Mortgage News
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.
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.
April 26, 2018 in Mortgage News
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.
April 4, 2018 in Mortgage News
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.
March 9, 2018 in Mortgage News
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.
March 7, 2018 in Mortgage News
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, […]
February 28, 2018 in Mortgage News
Are you renting out your property on Airbnb? Soon, you might be able to count that income on your refinance application.
February 23, 2018 in Mortgage News
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.
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.”
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.
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)