Tag Archives: mortgage

Mortgage rate projected to top 4% in 2022 as Fed tapering plan nears

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The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks. Continue reading →

‘OK Boomer’: Older homebuyers make gains as millennials struggle

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Baby boomers made gains over first-time homebuyers in the decade before the pandemic, growing to 24 percent of recent home purchases in 2019, according to a new analysis from Zillow. Continue reading →

Mortgage rates continue their ascent onward into mid-October

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Rates creeped upward once again across all major mortgage types, part of a rise from their all-time lows earlier this year, according to Freddie Mac’s weekly lender survey. Continue reading →

Foreclosures remain low as banks start to churn out post-ban filings

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The number of foreclosed properties rose 34 percent in the third quarter of the year, but remained below their typical historical levels. Continue reading →

Keller Mortgage lays off 150 new employees following hiring spree

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After nearly doubling the company’s payroll to 1,000 employees, Keller Williams’ lending arm has laid off 150 new recruits, close to one-third of its recent hires. Continue reading →

More lenders jumping the gun on historic Fannie, Freddie loan limits

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Rocket Mortgage and United Wholesale Mortgage — the nation’s top two lenders — and at least five others are raising conforming loan limit to $625,000 ahead of an official FHFA announcement. Continue reading →

Mortgage rates for home loans hit highest levels since June

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Purchase loan applications rose 2 percent week over week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, released Wednesday. Continue reading →

Mortgage delinquency rates approach pre-pandemic levels

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Total delinquency rates dropped 4.2 percent in July, 2.3 percentage points lower than the 6.5 percent observed in July 2020, according to new data released Tuesday by CoreLogic. Continue reading →

Homeowners slam brakes on refinancing as mortgage rates rise

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Prospect of higher monthly mortgage payments for homebuyers and impact on affordability also a concern, according to an analysis of mortgage pipeline data by Black Knight. Continue reading →