Soaring rates baffle economists, frustrate housing leaders
Economists are scratching their heads, and housing industry leaders are venting their frustrations as mortgage rates continue a relentless climb to new heights not seen in more than 2 decades
by Matt Carter Oct 4
Are ARMs and 40-year mortgage loans good deals for buyers?
Opinion
Focusing exclusively on monthly payments can mean borrowers lose sight of the advantages, and drawbacks, of various loan products
by Bernice Ross May 30
Mortgage demand hits lowest level since 1997 as rates continue to rise
Thirty-year, fixed-rate loans hit 6.982% on Oct. 13, a new 2022 high, according to an Optimal Blue Mortgage Market index. According to an index by Mortgage News Daily, rates were at 7.15%
by Matt Carter Oct 19
Mortgage demand stalls as rates climb toward 7% on Fed moves
Rates for borrowers with credit scores below 680 making down payments of less than 20 percent climbed past 7% on Monday, according to Optimal Blue
by Matt Carter Sep 28
Demand for refinancing ticks up slightly as mortgage rates plateau
Purchase loan applications continue to be weaker 'due to the combination of much higher mortgage rates and the worsening economic outlook,' said MBA forecaster Joel Kan
by Matt Carter Jul 13
Homebuyers showing 'some resiliency' to higher rates
Demand for purchase mortgages increases for a second week in a row, but borrowers are increasingly turning to adjustable-rate loans
by Matt Carter May 11
Housing affordability races toward levels not seen since 2006 bubble
If mortgage rates rise by another half a percentage point — or if home prices go up another 5% — affordability will hit the worst levels on record, Black Knight warned on Monday
by Matt Carter May 2
Mortgage rates climb to highest level since 2009
Demand for purchase mortgages was down 17 percent last week compared to the same time a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association on Wednesday
by Matt Carter Apr 27
It's the end of the road for LIBOR mortgages
Regulators spell out rules for transitioning ARM borrowers to other indexes by 2023
by Matt Carter Dec 7
How to begin financing investment properties
Turning homebuyers into investors can mean more financial security for them and more business for agents. But especially less-experienced investors may need help getting started
by Jim Dalrymple II Jul 15
Redfin Mortgage expands to Pennsylvania, targets other states
The company already operates in Texas, Illinois and the District of Columbia
by Marian McPherson Jan 11
Could NAR’s ‘BRED mortgage’ breed more equity for homeowners?
Association’s proposal disrupts current mortgage structures with product intended to give homeowners ways to build equity faster
by Amy Tankersley Oct 15
The mortgage process feature that will land you more business
It takes more than great customer service to beat your competition
by Dave Sims Apr 9
Save money on your mortgage in 2013
by Jack Guttentag Jan 2
How, when and why to take a reverse mortgage
by Jack Guttentag Aug 27