Mortgage NewsAugust 14, 2019Millennials move to refinance as rates approach three-year lowsWith rates at three-year lows, Millennials are finally hopping on the refinance bandwagon. Refis accounted for 14 percent of all Millennial loans in June.
Mortgage RatesAugust 13, 2019Negative mortgage rates are real — and they might come to the U.S.Denmark is offering negative mortgage rates on 10-year loans. This is iron-clad proof that mortgage rates can go lower, despite a historic run downward.
Mortgage NewsAugust 13, 2019Buyers see less competition — especially in hotter marketsLow mortgage rates haven’t caused an uptick in demand just yet. In fact, according to new data, only about one in 10 buyers faces a bidding war in today’s market — a steep drop from last year, when 45 percent of buyers saw competition when bidding on a house.
VA RefinanceAugust 12, 2019How to tap into today’s VA refinance rates with almost no paperworkVA refinance rates are hitting new lows. How to capture a rate quickly with very little paperwork and effort.
Mortgage NewsAugust 12, 2019Looking for a profitable fix-and-flip? Buy near this grocery store chainWant high returns on that next fix-and-flip? Then buy a house near an ALDI grocery store.
Mortgage NewsAugust 8, 2019Homebuyers are heading out of town — and this city tops their listIt looks like buyers aren’t sticking close to home anymore. A full quarter of homebuyers are looking to move outside their metro area.
Mortgage NewsAugust 7, 2019Homebuying power is up, nearing all-time highsThe latest home sales data might not reflect it, but according to a new report, consumer homebuying power is almost at a record high.
FHA RefinanceAugust 6, 2019HUD slashes FHA cash-out refinance LTV limit. What you should do nowFHA is reducing its maximum loan-to-value from 85% to 80% for cash-out loans. Your strategy in light of this change.
Mortgage NewsAugust 6, 2019Undergrads say student loans will keep them from homeownership until 35According to a new study, half of undergrads with student loans plan to put off buying a house due to their student loans.
Mortgage NewsAugust 5, 2019Home prices slow for 14th straight month; one city sees prices decreaseHome prices continued their cooldown, logging just a 3.4 percent annual increase in May. It marks the 14th straight month that prices have slowed.
Mortgage RatesAugust 1, 2019Breaking: Mortgage rates fall toward 3-year lows as the U.S. plans new tariffs on Chinese goods
Federal ReserveJuly 31, 2019Mortgage rates hold to ultra-low levels after first Fed cut in 11 yearsMortgage rates hold to low levels as the Federal Reserve cuts rates for the first time since 2008.
Mortgage NewsJuly 31, 2019No big down payments here; survey shows most homebuyers pay 5% or lessBig down payments aren’t required to buy a home. In fact, according to a new survey, a large swath of homeowners paid less than $5,000 for theirs.
Mortgage NewsJuly 30, 2019Mortgage debt reaches new high; D.C. homeowners claim the mostAmerican mortgage debt has offficially reached a new high. According to recent data, Americans now hold more than $9 trillion in mortgage balances — up around $1 trillion from just three years ago.
Mortgage NewsJuly 29, 2019New bill could mean lower FHA mortgage insuranceIf a new House bill is passed through the Senate, first-time homebuyers could see lower up-front mortgage costs as a result.
Cash Out RefinanceJuly 19, 2019Homeowners refuse to tap into massive equity. Is that a mistake?Home equity is up and rates are down. But homeowners refuse to tap into equity for major financial goals like a college education or home improvements. Is that a mistake?
Real Estate NewsJuly 18, 2019Here’s the education level you need to afford a home in most U.S. citiesHigher degrees generally come with higher incomes, but it turns out they’re not a requirement for buying a home. In fact, according to a new analysis, a high school degree offers enough income to afford a home in nearly three-quarters of the country’s biggest cities.
Real Estate NewsJuly 17, 2019Housing market confidence is high; will it stay there?Confidence in the housing market remains near an all-time high. According to new data, consumers are especially optimistic about mortgage rates and home prices.
Mortgage RatesJuly 16, 2019Fed interest rate cuts to usher in new era for home buyersHome prices are high but there's hope for home buyers. Falling rates should make homeownership more affordable as the Fed seeks to cut rates in 2019.
