SAN FRANCISCO – JANUARY 30: A for sale sign is seen on a single family home January 30, 2008 in … [+] Vallejo, California. According to the California Association of Realtors in December s...
Tag: mortgage
U.S. mortgage lenders gave crypto banks billions of dollars: Report
Join Our Telegram channel to stay up to date on breaking news coverage According to a Jan. 21 article in the newspaper, the Federal Home Loan Banks System (FHLB) of the United States is financing bill...
Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way — but economists warn consumers are still ‘not invincible’
Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way — but economists warn consumers are still ‘not invincible’ Refusing to let a good opportunity p...
House prices slumped by 10% in San Francisco, Redfin says — and prices are also falling in these cities
Even as mortgage rates come off of recent highs, buyer demand remains constrained. And that’s affecting home-list prices, according to a new report. The report by Redfin RDFN, +8.45%, which tracked ho...
Should I Pay Off My Mortgage Early?
Mortgage documents Whether you experience a sudden financial windfall or just find yourself with leftover cash in your budget each month, you might be wondering what to do with those extra funds. One ...
As mortgage rates fall, borrowing below 6% is becoming a ‘distinct possibility’ — here’s what to look for in the coming months
‘Scrap of hope’: As mortgage rates fall, borrowing below 6% is becoming a ‘distinct possibility’ — here’s what to look for in the coming months As inflation eases, mortgage rates are dropping once mor...
‘We can expect mortgage rates to go down’
Homebuyers may finally catch a break this year, says one expert, as signs of fading inflation could drive mortgage rates lower as soon as this month. “Mortgage rates have declined by almost a full per...
Mortgage refinance demand surges, as homeowners take advantage of lower interest rates
After rising at the end of the year, mortgage rates dropped sharply last week. That drove demand from current homeowners hoping to save on their monthly payments, but it did little to excite potential...
Increasing Interest Rates Continue To Drive Down Mortgage Demand
| Getty Images Key Takeaways Mortgage demand for purchases is down 41% year-over-year, and refinance demand is down 84% year-over-year. Housing prices are higher than a year ago, and experts believe t...
Wells Fargo Is Backing Out Of The Mortgage Market
(Photo by Robert Alexander/Getty Images) Getty Images Key takeaways Wells Fargo, the country’s third largest mortgage lender, is stepping back from the mortgage market. While not exiting it enti...
What’s up with Wells Fargo exiting their position as America’s top mortgage servicer and third largest originator?
This post originally appeared on The Basis Point: What’s up with Wells Fargo exiting their position as America’s top mortgage servicer and third largest originator? Wells Fargo is America’s largest mo...
A 1981-level mortgage rate shock has the housing market in a correction—these 7 leading research firms predict what’s next for rates
The Federal Reserve eventually quelled the inflationary run that took off in the 1970s, but only after the central bank’s aggressive rate hikes saw mortgage rates top 18% in 1981 and the housing...
Mortgage rates to double for nearly 800,000 homes this year
Some 1.4m households will renew their mortgages this year – Joe Giddens/PA Wire Almost 800,000 households are expected to see their mortgage rates more than double this year as they come off low...
Mortgage Demand Plunges As 2022 Ends
Getty Images Key takeaways After months of turbulence and interest rate hikes, mortgage demand declined during the holidays Total mortgage demand (measured by new mortgage applications) plunged 13.2% ...
Mortgage demand plunges, as interest rates rise
A ‘For Sale’ sign stands in a vacant lot near new homes in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images After a brief reprieve in the first half of December, mortgage interest...
‘2022 has been the scariest year of my adult and professional life’: One mortgage broker reveals how the housing slowdown upended financial security.
When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked. After a stunning rise in home sales amid ultra-low interest rates, “the market just went absolut...
‘I dug myself out of the paycheck-to-paycheck cycle’: Should I use my bonus to pay off my mortgage, put it in a savings account or Vanguard?
Dear Quentin, Over the last couple years I dug myself out of the paycheck-to-paycheck cycle, and I am making good money. I never learned about stocks, investing, etc. I do not have a 401(k) at work. M...
Second Mortgage vs. Home Equity Loan: Which Is Better?
Second Mortgage vs. Home Equity Loan: Which Is Better? Owning a home can yield valuable benefits, including the opportunity to accumulate equity in the property. Equity is the difference between what ...
Declining mortgage rates offer some buyers a sliver of hope as they face the ‘insurmountable wall’ of still-high prices and surging interest rates
Declining mortgage rates offer some buyers a sliver of hope as they face the ‘insurmountable wall’ of still-high prices and surging interest rates As winter sets in, temperatures are dropp...
Homebuyers are turning to all-cash offers to get around high mortgage rates
Frustrated by mortgage rates above 6%, a growing share of first-time homebuyers are opting to pay for their homes in cash to avoid high borrowing costs. In October this year, 32% of homes sold in the ...
Home Sales Plunge To Great Recession Levels As ‘Frozen’ Housing Market Adjusts To Elevated Mortgage Rates
Topline Existing home sales fell in November for a record 10th-consecutive month, according to data released Wednesday by the National Association of Realtors, as the housing market continues to be on...
Mortgage refinance demand surged 6%, as interest rates dropped
A property for sale in Monterey Park, California Frederic J. Brown | AFP | Getty Images Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it...
As mortgage rates decline for a fifth week, experts say the market has tipped ‘a bit further in favor of buyers’ despite continued ‘affordability hurdles’
‘A welcome development’: As mortgage rates decline for a fifth week, experts say the market has tipped ‘a bit further in favor of buyers’ despite continued ‘affordability hurdles’ Mortgage rates conti...
How Do Federal Reserve Interest Rate Hikes Hurt Your Retirement Savings?
getty The Federal Reserve just raised interest rates again and continues to take an assertive stand against historically high inflation numbers. What’s that doing to your investment portfolio? “Intere...
Mortgage demand inches higher as interest rates move lower
A For Sale sign appears in front of a house on Oak Street in Patchogue, New York, on May 17, 2022. Steve Pfost | Newsday | Getty Images After a month of declines, mortgage application volume is rising...
Mortgage rates drop after CPI inflation report
A prospective home buyer, left, is shown a home by a real estate agent in Coral Gables, Florida. Getty Images The average rate on the 30-year fixed mortgage dropped to 6.28% Tuesday, according to Mort...
Scammers are out to get your mortgage money and even your home. Here’s how to fight them off.
We’ve all seen the email scams: “This is a genuie request.” “Your lendar has detected an unpaid sum.” “I’m a prince and I need your help.” Digital fraud has become highly sophisticated and, according ...