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
Compared to a year ago the refi applications have dropped sharply shows a new survey. The lenders warn that mortgage borrowers do not have much time to take advantage of the low refinance rate as it is a known factContinue Reading
Last updated on September 5th, 2022 at 09:11 pmAccording to data compiled by Bankrate, across the country, the mortgage rates are mostly up compared to last week. The market saw an increase in rates for 30-year fixed, 15-year fixed, andContinue Reading
As per a new survey from the country’s largest mortgage trade association, refinance applications rose, only once in eight weeks otherwise they have been continuously dropping, and the numbers are much lower than they were in 2020. With COVID-19 casesContinue Reading
For the first time in a month, the average rate of a 30-year fixed-rate mortgage dropped below 3%. And, rates on other loan types are even lower, giving homeowners reasons to celebrate and to lock in the best rate onContinue Reading
Today the rate on a 30-year fixed refinance dropped, providing homeowners an opportunity to refinance and take advantage of the historically low rate. According to Bankrate.com the average rate on a 30-year fixed mortgage dropped to 3.21% with an APRContinue Reading
According to the findings of a market report by fintech company, Maxex, since the start of 2021, refinance mortgages have declined steadily and the share of adjustable-rate mortgages has dropped for the first time in five months. The Atlanta-based firmContinue Reading
Today August 26, 2021, according to Bankrate’s latest survey. The economy, treasury bond rates, and demand are the factors driving mortgage rates which change all the time. The average interest rate for a home purchase for the term of 30Continue Reading
In a well-established mid-month trend, the active forbearance plans climbed up by 11,000 after declining for a fortnight. According to Black Knight’s latest report data, the overall increase of 11,000 was because of rising in plans among portfolio/PLS loans byContinue Reading
During the pandemic when more homeowners were trying to take advantage of historically low mortgage rates the adverse refinance fees made refinancing expensive, which will end on Aug. 1. Many politicians and people from the industry along with homeowners wantedContinue Reading
