Posts Covering Mortgage News
June 25, 2018 in Mortgage News
If buying a home is anywhere in your sights, you’ll probably want to act fast. According to a new forecast, average mortgage payments will jump nearly 10 percent by early next year.
June 21, 2018 in Mortgage News
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.
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.
May 15, 2018 in Mortgage News
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.
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.
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 […]
Home prices have risen alarmingly recently, putting pressure on first-time buyers to find affordable properties. But things might be improving for those trying to buy a home this year.
Fannie Mae and Freddie mac loan limits will go up in 2018 for most borrowers. find out about your area’s loan limit here.
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 is popular again, as interest rates fall.
November 15, 2017 in Mortgage News
Mortgage customer satisfaction: what do homebuyers and homeowners want, and who delivers it best?
Tax reform is trying to make its way through Congress. If passed, what would it mean for the everyday home buyer and home owner?
An increase in new home construction is good for today’s homebuyers.
Affordable housing is widely available and historically high in all but three states, according to new data.
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 […]
Rising rents don’t just make monthly existence hard for enters. They harm the economy for many of the rest of us.
If you like amenities but crave a small town atmosphere, these best small cities deliver. And hey are mostly in the northeast,
Want to save on closing costs? Try moving to a different state. Costs differ substantially by location. If that’s not possible, however, we have more tips for you at The Mortgage Reports.
Housing markets are coming up roses, even though summer’s over. Here’s what you need to know if you’re buying or selling today.
October 25, 2017 in Mortgage News
Top tools for mortgage shopping Mortgage shopping has changed, for the better. Home buyers are using more online and mobile tools in their quest for a mortgage today. And according to a recent survey from Fannie Mae, they hope to use even more in the future. Mining for mortgage data According to the recent National Housing […]
What’s the mortgage and real estate forecast for 2018? MBA says home buying will pick up, but for now, sellers are still in control.
4 U.S. cities ranked among world’s most affordable Houston, Texas has some of the most affordable housing in the world. According to Bloomberg’s recent Global City Housing Affordability Index, it’s one of just four U.S. cities to make the top 10 list. The index considers average housing cost as a percentage of monthly income. The world’s most […]
October 23, 2017 in Mortgage News
Mortgage rates fell slightly again, leaving analysts, investors and borrowers wondering when they are going to begin what most believe to be an inevitable move higher.
The South takes the cake If you’re looking to buy a home in this fall, you might want to consider heading south. According to Ten-X’s fall 2017 Top Single-Family Housing Markets Report, that’s where the majority of the nation’s strongest markets lie. In fact, the Lone Star State alone claimed the top three spots. Texas […]
October 19, 2017 in Mortgage News
Making your mortgage payment just got easier — if you have a Freddie Mac loan. But this innovation is likely to become popular with all lenders.
October 17, 2017 in Mortgage News
P2p mortgage lending is big news. Peer-to-peer lending has come to the mortgage industry.
When it comes to the appreciation value of a home, single men see a better return than single women.
Building is up, but so is buyer demand. Is increased construction spending by builders enough to alleviate price increases?
October 11, 2017 in Mortgage News
Fannie Mae just unveiled surprising new rules for home buyers and refinancing homeowners with student loans. Many formerly turned-down applicants will be approved this year.
October 6, 2017 in Mortgage News
Buying a condo in a college town can be cheaper then renting through the school. Compare school housing to the “for sale” market before you commit.
October 3, 2017 in Mortgage News
Mortgage lenders could afford to be picky when interest rates were low and business was booming. Today, they have to be less picky to keep business coming in. That could be good for anyone buying a home right now.
Mortgage rates are poised to move in September. Rates are low, but they may not stay that way for long. Analysis and advice.
September 19, 2017 in Mortgage News
Rates are low, but how long will they stay that way? Freddie Mac says: not very much longer.
September 4, 2017 in Mortgage News
Natural disasters frequently affect real estate markets where they occur. But Hurricane Harvey’s impact could be far more wide-reaching.
Mortgage rates are poised to move in September. Rates are low, but they may not stay that way for long. Analysis and advice.
Veterans have access to low VA mortgage rates, but too often, they choose another loan type. Correcting myths deter eligible veterans from the benefit.
New mortgage credit guidelines can help you qualify for a home loan if you have liens or judgments in your credit history.
June 26, 2017 in Mortgage News
Low income home buying is possible, even if you are not looking in one of the 50 most affordable markets. Qualification strategies that work in any region.
June 20, 2017 in Mortgage News
Mortgages are on their way to being 100% paper-free. Consumers are loving new processes put in place by the nation’s largest lending agencies.
June 13, 2017 in Mortgage News
A recent Fannie Mae survey shows a shift in consumer attitudes about mortgage rates. Twelve months from now, say survey takers, rates could be lower.
The majority of consumers now think getting a mortgage isn’t that hard. That’s a marked change from just a few years ago.
February 16, 2017 in Mortgage News
Falling foreclosure rates are good for the real estate market. Here’s how they affect home prices and the homebuying experience.
A Federal Reserve survey shows mortgage lenders making it drastically easier to get mortgage-approved. Been denied for a mortgage in the past? It’s time to re-apply.
February 7, 2017 in Mortgage News
Mortgage applicants enjoy access to more information than ever before. Use these six tools to make the best decision about your mortgage.
June 25, 2016 in Mortgage News
The bottom fell from U.S. mortgage rates after Britain voted to leave the European Union. “Brexit” is creating one of the best days for rates in history.
July 1, 2015 in Mortgage News
The new TILA-RESPA Integrated Disclosures (TRID) is changing the way homes are financed. Will the mandatory 3-day “waiting periods” affect your closing?
December 17, 2013 in Mortgage News
Foreclosures sell for an average discount of 17%, but foreclosed homes are getting harder to find. Here’s where to look, and how to get the best mortgage deals.
October 6, 2008 in Mortgage News
When foreign national buyers consider investing in U.S. real estate, they often focus on projects set to deliver 2-4 years out as opposed to projects that are ready to deliver today. Considering the path of the world’s economy , this long-term investment strategy may be a bit short-sighted. For non-U.S….
April 23, 2008 in Mortgage News
As the dollar slides against the world’s currencies, foreign national buyers are flocking to U.S. housing market for second homes and investment properties. Looking at the graph, it’s not hard to see why. Since September 2007, a European’s cost to buy a $300,000 property in the United States has fallen…
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)