Mortgage News - Page 23

If buying a home is anywhere in your sights, you’ll probably want to act fast. According to a new forecast, average mortgage payments will jump nearly 10 percent by early next year.

Home equity topped $1 trillion in the U.S. last month, and American homeowners are certainly taking advantage of it. According to a new study, Home Equity Lines of Credit (HELOCs) are becoming especially popular – especially with Generation Xers and homeowners in the Midwest.

Congress just approved a partial rollback of the Dodd-Frank mortgage reform law. But the part that affect borrowers -- the collection of information to detect discrimination -- won't harm consumers who shop for mortgages online.

Rate shopping can save home buyers immensely on their mortgage loans, but apparently it doesn’t stop there. According to a new analysis from LendingTree, rate shopping in certain markets can save even more.

When it comes to buying a house, time is of the essence – at least according to Freddie Mac’s latest forecast. The GSE expects mortgage rates to jump nearly a half-percent by the end of 2019.

It looks like HELOCs are about to rise. According to a new survey, nearly half of all homeowners have a Home Equity Line of Credit on their radar, with 42 percent saying they’re somewhat, very or extremely likely to apply for one in the next 18 months.

Millennial home buyers seem to have pretty good credit. According to new home buying trends, not only are their credit scores rising, but they’re also qualifying for more conventional loans – products that are traditionally more difficult to get without stellar credit.

Good news for those who pay private mortgage insurance (PMI) premiums on their mortgage. They are still tax deductible -- for now.

Are you renting out your property on Airbnb? Soon, you might be able to count that income on your refinance application.

Want to buy a home but don’t want to deal with the time-consuming, tedious process? One new mortgage lender may have the solution for you.

Home renovations are the No. 1 reason homeowners take out HELOCS – or Home Equity Lines of Credit, but that doesn’t mean they’re popular by any means. In fact, according to a new survey, the majority of homeowners have never even heard of a HELOC – or the ways it can benefit their home and pocketbook.

If you’re looking to buy a home this year, you’ll likely want to act fast – at least that’s what an increasing number of Americans think. According to new data, the number of consumers who think now is a good time to buy is on the rise and likely won’t stay that way for long.

Inventory might be low, but that’s not stopping Millennials from upping their housing game. According to new data, Millennials are refinancing in droves month after month.

Despite rising home prices, American housing is actually quite affordable. According to new data, today’s home buyers actually have “historically high levels of house-purchasing power.”

Can you get a mortgage if you owe back taxes? Fannie Mae says you can, if you follow these tips.

It looks like 2018 is going to be another good year for housing. According to new data, mortgage applications were up the first week of the year, and last month, they jumped nearly 8 percent. Does that mean more competition's on the horizon?

The government shutdown might impact your government mortgage -- VA, FHA and USDA loan programs are all backed by the government and will be affected to some degree.

Homeowners are refinancing in droves. According to new data, refinances accounted for 40 percent of all closed loans in December, and on just conventional loans, the refinance share was nearly half.

Home buyers love the FHA loan's mortgage rates and small downpayment requirement. This year, FHA is loosening guidelines even more to prompt homeownership.