Mortgage Rates Continue Downward Trend But Just Not Enough

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In: Mortgage News

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Mortgage rates continued their downward trend this week amid signs that the US economy is cooling down due to monetary policy tightening.  However, recent markdowns have not been enough to convince borrowers to take out a home loan. Danielle Hale,Continue Reading

Using Customer Behavioral Data To Get Ahead Of A Unstable Market

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In: Home Equity News

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Mortgage rates continue to decline as interest rates rise. This has resulted in a highly competitive market, and lenders recognize the importance of retaining existing customers in this tough market.  But today, retaining current customers means understanding their behavior, andContinue Reading

Rising Rates And Declining Demands Resulting In Housing Market Slowdown – Freddie Mac Report

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In: Realtor News

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Freddie Mac (OTCQB: FMCC) said today that the current downturn in the housing market will continue due to reduced demand.  In a new quarterly forecast, the company’s chief economist indicated that mortgage interest rates that doubled last year were aContinue Reading

Mortgage Interest Rates Goes Above 6% For The First Since 2008

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In: Mortgage News

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The most popular mortgages in the United States now have an average interest rate above 6%, the first time since 2008 that number has been exceeded. According to data from the Mortgage Bankers Association (MBA), average interest rates have doubledContinue Reading

Many Home Buyers Apply For Family Backed Mortgages As Interest Rate Hikes

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In: New Home Mortgage News

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It’s not the best time to buy a home, with home prices hovering near all-time highs and mortgage rates continuing to rise.  The average mortgage rate on a 30-year loan was 5.54% on July 21, according to St. Louis FedContinue Reading

Will the Mortgage Interest Rates Hit 5% mark Soon?

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In: New Home Mortgage News

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Last updated on October 2nd, 2023 at 08:19 pmFor as long as a decade, American property holders became used to mortgage rates that once would have been unbelievably low. The rate on a 30-year loan began with a three orContinue Reading

Houston Housing Market Could be Impacted Due To Rising Interest Rates

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In: Realtor News

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The Houston region experienced record home deals in 2021, and business analysts and land agents accept the market will stay solid this year regardless of the Federal Reserve’s arrangement to begin bringing financing costs up in March. The interest forContinue Reading

2021 Saw Both High And Low Borrowing Records

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In: Mortgage News

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Last updated on March 20th, 2023 at 09:54 pmAccording to estimates by the Mortgage Bankers Association, in the year 2021, $1.61 trillion was issued for purchase loans by mortgage lenders. In 2020 the figure was $1.48 trillion. The mortgage boomContinue Reading

The Average Interest Rate on Mortgage Stayed Constant for the Week

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In: Mortgage News

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This week Freddie Mac reported that the average rate on the 30-year fixed-rate home loan dropped down from 3.11% the previous week to 3.10% last week, the rate was 2.71% in 2020. There was a dip in the average rateContinue Reading

Which Direction Would the Mortgage Rates Move With The Onset Of New COVID Variant?

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In: Mortgage News

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Even in the midst of market volatility and economic threats and the COVID variant, the US mortgage rates increased this week and remained relatively stable. According to the latest Primary Mortgage Market Survey of Freddie Mac the first weekend ofContinue Reading