Mortgage Applications Climb 2.2% in the Week Ending November 18

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In: New Home Mortgage News

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The Mortgage Bankers Association (MBA) reported that mortgage applications rose 2.2 percent in the week ending Nov. 18, with results adjusted for the Veterans Day holiday. The MBA Composite Market Index measures the number of mortgage applications nationwide.  For theContinue Reading

Does Current Home Prices Bring Relief To Homebuyers?

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In: New Home Mortgage News

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There is a terrible house price adjustment in the US. It may sound like déjà vu, but the causes of the recent housing market booms and busts are different from those of the 2000s.  This time, the American financial systemContinue Reading

Home Building Sentiments Continue to Drop in October

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In: Mortgage News

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According to a report released Thursday by the U.S. Census Bureau and the U.S. Census Bureau, the number of new home starts in October continued to decline, reflecting a downward trend in homebuilder sentiment, resulting in a seasonally adjusted annualContinue Reading

UWM Expands Temporary Rate Buydowns

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In: New Home Mortgage News

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United Wholesale Mortgage (UWM) this week extended its temporary waiver offer amid high-interest rates and stiff competition. The Detroit-based lender now pays borrowers a 3 percent down payment for the first year of the loan, compared to the maximum rateContinue Reading

VA Home Loans-What Are the Benefits?

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In: New Home Mortgage News

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Military service is often a lifelong commitment for both military personnel and their families, so the least Dad’s government can do is help them find affordable housing.  Because Veterans Day got me thinking about the military, today I’m going toContinue Reading

Rocket Mortgage Expands Manufactured Home Financing Options

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In: New Home Mortgage News

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Rocket Mortgage is now expanding home loan options in a rapidly shrinking industry by offering traditional loan options to buyers looking to purchase or refinance a manufactured home. Borrowers said Wednesday they could use the loan to finance a homeContinue Reading

Top 5 Things To Consider Before You Go Home Shopping

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In: New Home Mortgage News

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Finding a home can be overwhelming for anyone from first-time buyers to veterans. There are so many things to consider: square footage, property, location, bedroom, bathroom, mortgage interest, property tax – the list goes on!  Before you start shopping forContinue Reading

Some Homebuyers See Potential In The Distrustful Housing Market

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In: New Home Mortgage News

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Steadily rising home prices and fluctuating mortgage rates have created the cheapest housing market in decades, but few consumers believe now is the right time to buy a home. According to Fannie Mae’s recent Home Buyer Sentiment Index, 19 percentContinue Reading

Home Prices in August Gets The Biggest Monthly Decline Since 2009-Black Knight Report

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In: Mortgage News

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Home prices are now experiencing their biggest monthly decline since January 2009, according to the latest report from Black Knight’s Mortgage Monitor. Median home prices fell 0.98% in August, slightly better than July’s 1.05% decline.  Nationally, the median home priceContinue Reading

Buyers Can Shop Around And Save In This Volatile Mortgage Market

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In: New Home Mortgage News

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This week, the 30-year mortgage rate rose 40 basis points to an average of 6.70%, the highest since 2007, according to the latest Freddie Mac weekly survey data. The research also shows a wide range of interest rates, so homeContinue Reading