With low for-sale inventory keeping home price appreciation in many markets at record highs, the jump in FHA purchase applications is potentially a sign that more first-time buyers are finding purchase options despite the high prices. Continue reading
Homeowners looking to refinance their mortgages could have an easier time getting a lower rate, with Fannie Mae and Freddie Mac’s federal regulator eliminating a 50-basis point refinancing fee that was intended to help the mortgage giants cover at leas… Continue reading
Last week’s dip in mortgage rates boosted applications for purchase loans and revived interest in refinancing, according to a weekly survey of lenders by the Mortgage Bankers Association. Continue reading
While most mortgage executives continue to see direct-to-consumer lenders like Rocket Mortgage as their biggest competition, mortgage brokers are seen as an increasingly worthy rival. Continue reading
The MBA’s Weekly Mortgage Applications Survey showed requests for loans were up 2.1 percent on a seasonally adjusted basis during the week ending May 7 compared to the week before. Continue reading
The Housing Trust Fund is funded by a fee on Fannie Mae and Freddie Mac and devoted to affordable housing for low- and extremely low-income households. Continue reading
Mortgage experts Ann Thompson and Christian Wallace share how the pandemic changed the mortgage market and what it means for today’s consumers. Continue reading
Chase Home Lending Chief Marketing Officer Amy Bonitatibus said the change would help Chase better focus on “existing customers.” Continue reading
There’s no rhyme or reason in the world why the homebuying and selling process should be so archaic, inefficient and painful for consumers. Whoever can race to address these issues first will dominate the future of the real estate business. Continue reading
Knowing your mortgage interest rate could save you a lot of money in the long run. Continue reading