Mortgage News

The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.

One in Five Prospective Buyers Searched Outside Their Metro for a Home

One in Five Prospective Buyers Searched Outside Their Metro for a Home
August 17, 2017 No Comments »

They say affordability is at near-record levels, yet the number of prospective buyers looking outside their own metro is rising, per a recent report from Redfin. The company noted that 21% of Redfin users “searched mostly” for properties outside their ... Read More »

Millennials Favor Conventional Mortgages Over FHA

Millennials Favor Conventional Mortgages Over FHA
August 10, 2017 No Comments »

I’ve got more Millennial mortgage data for you, courtesy of the monthly Ellie Mae Millennial Tracker. This is a heavily watched group because they’re expected to carry the housing market to the next stage, hopefully higher. While the word Millennial ... Read More »

Low Down Payment Home Purchases Hit Seven Year High

Low Down Payment Home Purchases Hit Seven Year High
August 7, 2017 No Comments »

In what seems like yet another troubling sign that we’re returning to the fast and loose times seen a decade ago, Black Knight Financial Services reports that low down payment purchase mortgage lending hit a seven-year high last month. The ... Read More »

1% Down Payment Mortgages Come Under Fire

1% Down Payment Mortgages Come Under Fire
August 3, 2017 No Comments »

While we’ve come a long way since housing bottomed, the memories of how we got there still don’t feel very distant. A lot of things contributed to the complete breakdown of the real estate market, with exotic financing being one ... Read More »

Home Sellers Making the Most Money Since 2007

Home Sellers Making the Most Money Since 2007
July 31, 2017 No Comments »

If you’re wondering if it’s a good time to sell a house, look no further than the ATTOM Data Solutions report released last week. The company’s Q2 2017 U.S. Home Sales Report found that the average price gain for home ... Read More »

Ally Home Launches Price Match Guarantee for Mortgages

Ally Home Launches Price Match Guarantee for Mortgages
July 26, 2017 No Comments »

Mortgage industry newcomer Ally Home is getting into the price match game with its just launched promotion called, you guessed it, “Price Match Guarantee.” If you’re not familiar, Ally Home got into the mortgage business late last year, essentially rising ... Read More »

For Some Reason, Homeowner Regrets Are on the Rise

For Some Reason, Homeowner Regrets Are on the Rise
July 19, 2017 No Comments »

Despite the red-hot real estate market, more Americans are regretting their home purchases, per a new Trulia survey. It’s a bit odd because home prices have been rocketing higher throughout much of the nation since they bottomed in 2012. So ... Read More »

Millennials Seem to Like Adjustable Rate Mortgages

Millennials Seem to Like Adjustable Rate Mortgages
July 11, 2017 No Comments »

It’s not just avocado toast. A new anecdotal report from the WSJ reveals that Millennials who are buying homes are increasingly choosing adjustable-rate mortgages to get the job done. While the data isn’t definitive by any stretch, John Walsh, the ... Read More »

Redfin Now: Get an Offer on Your Home Within 24 Hours

Redfin Now: Get an Offer on Your Home Within 24 Hours
July 7, 2017 No Comments »

Are you the impatient type? Well, have I’ve got news for you. A new service dubbed “Redfin Now” will get you a “top offer” for your property within 24 hours of it being viewed. That’s pretty fast. Instead of dealing ... Read More »

Better Mortgage: They’ll Give You $1000 If You Can Find a Lower Price

Better Mortgage: They’ll Give You $1000 If You Can Find a Lower Price
June 29, 2017 No Comments »

Worried about whether you’re getting the best deal on your mortgage? You may want to take a look at Better Mortgage, which is actually encouraging borrowers to shop around. They’re so confident that they’ve got some of the best rates ... Read More »