Property Values Decline For Second Consecutive Month - Zillow Report

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In: New Home Mortgage News

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Home prices fell for the second straight month, according to Zillow’s latest market report, as mortgage payments continue to discourage buyers. Zillow also found that affordable markets remain competitive, with prices falling rapidly in both the more expensive and moreContinue Reading

Two Sides Of A Coin

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In: Mortgage News

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While the average long-term mortgage rate has not changed since last week. The economy shows improvement even while hospitalizations have increased due to the delta variant rising up.  Freddie Mac said that the average rate for a 30-year mortgage stayedContinue Reading

What Does It Mean When The Mortgage Rates Does Not Change?

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In: Mortgage News

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Last updated on December 26th, 2022 at 09:34 pmThe important mortgage rates remained unchanged today. Both the average 15-year fixed mortgage rates and average 30-year fixed mortgage rates both were steady.  While average rates for 5/1 adjustable-rate mortgages slumped. ComparativelyContinue Reading

Mortgage Rates Driver For The 1st Week Of May

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In: Mortgage News

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Last updated on May 16th, 2022 at 08:39 amIt is getting continuously difficult to predict mortgage rates. Depending on market sentiment, headlines, and other economic indicators they rise and fall. What could move markets this week? On Friday, the bigContinue Reading

Weekly Mortgage Demand Up

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In: Mortgage News

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Last updated on December 5th, 2022 at 10:05 pmLast week because of a sharp drop in mortgage interest rates resulted in homeowners and potential homebuyers rushing to their lenders. According to the Mortgage Bankers Association’s seasonally adjusted index, the totalContinue Reading

Mortgage volume skyrocketed

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In: Mortgage News

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Last updated on July 11th, 2022 at 09:33 amWith record-low interest rates, mortgage volume for government-backed loans shot up to a new record high in the third quarter of 2020 whereas default risk continued to decrease. Milliman Mortgage Default IndexContinue Reading

Thanksgiving holiday has left the Mortgage rates unchanged

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In: Mortgage News

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Last updated on February 2nd, 2021 at 05:52 pmMortgage rates paused for the Thanksgiving holiday, after sinking to another all-time low last week. This was the 13th record low this year.                  OnContinue Reading

After a lull around Election Day the mortgage demand picks up again

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In: Mortgage News

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Last updated on February 3rd, 2021 at 12:14 pmAccording to an industry report on Wednesday, homebuyer demand is rising once again after pausing around Election Day. Mortgage Bankers Association’s new assessment showed applications up 4% for the week, and 26%Continue Reading

How Federal Reserve Affect Mortgage Rate

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In: Mortgage News, Home Equity News, New Home Mortgage News, Refinance News

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Last updated on February 3rd, 2021 at 11:07 amThough the Federal Reserve does not have the ability to directly set mortgage rates, it does create the monetary policies that indirectly affect these rates.  The Fed’s policy rate applies to overnight loans between largeContinue Reading

Can lenders handle the refinance volume?

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In: Refinance News

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Last updated on February 3rd, 2021 at 11:05 amLOs, mortgage executives, and economists say all the conditions are right for a string of even bigger quarters, with refinancing driving a record of $ 1.1 trillion in originations in the secondContinue Reading