OHIO-BASED “LOWER” GOES UNDER ANOTHER ROUND OF LAYOFFS AMIDST RISING MORTGAGE RATES

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In: Realtor News

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Ohio-based mortgage lender Lower last week made a series of layoffs affecting 6 percent of its workforce due to market conditions, a company spokeswoman said. Lindsay LeBert, the company’s director of communications, said in an email to HousingWire that “thereContinue Reading

6% Dip In Mortgage Transactions Predicted In 2022 Due To Rising Rates

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In: Mortgage News

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Mortgage activity is set to drop six percent in 2022 as rising inflation and interest rates put pressure on potential homeowners. Broker Henry Dannell released data this week mentioning the housing market has fallen from its 2021 highs and interestContinue Reading

Top 3 Reasons For Refinancing Your Current Mortgage In spite Of Rising Rates

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In: Refinance News

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Home loan refinancing is very popular in the heart of the pandemic as interest rates have fallen to recent record lows.  But things have changed now and it costs more to get a refinance loan. In fact, as of JulyContinue Reading

It is Cheaper To Rent Than Buy Due To Rising Mortgage Rates

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In: Realtor News

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People in three-quarters of the 50 largest housing markets would rather continue to rent than become first-time home buyers, according to a new analysis from Realtor.com.  Researchers say the transition will occur in the first half of 2022 when mortgageContinue Reading

Steps Towards Affordable Homeownership Despite of Rising Rates

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In: Mortgage News

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Taking out a mortgage is now much more expensive than it was recently. While mortgage rates plummeted during the pandemic and it was possible to obtain a 30-year fixed-rate loan with an interest rate of less than 3%, interest ratesContinue Reading

Are Rising Mortgage Rates Related To Inflation

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In: Mortgage News

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Last updated on December 26th, 2022 at 09:35 pmAccording to the U.S. Bureau of Labor Statistics, last month in the United States, the average rate of a 30-year mortgage costs a bit more than 3 % because the rate ofContinue Reading