Are High Mortgage Rates Here to Stay?
Today was a rough day for mortgage rates as the market digested the Fed’s latest outlook, which confirmed its inflation fight is far from over.… Read More »Are High Mortgage Rates Here to Stay?
What Is Cash to Close?
When you take out a mortgage, whether it’s a refinance or a home purchase, you may come across the phrase “cash to close.” Virtually all… Read More »What Is Cash to Close?
Former Ginnie Mae Boss Makes the Case for a Zero Down FHA Loan
Past Ginnie Mae president Ted Tozer has argued that the FHA should lower or completely eliminate its current 3.5% down payment requirement. He discussed the… Read More »Former Ginnie Mae Boss Makes the Case for a Zero Down FHA Loan
Why Are There No Homes for Sale?
At last glance, 30-year fixed mortgage rates were sitting above 7%. Despite this, there are virtually no homes for sale. One would assume that after… Read More »Why Are There No Homes for Sale?
Who Are All the People Involved in the Home Loan Process?
One interesting aspect of the home loan process is the sheer number of individuals you’ll work with along the way. You don’t just speak to… Read More »Who Are All the People Involved in the Home Loan Process?
Guaranteed Rate Launches a 5 Minute Approval for Mortgages
How fast is fast enough? Ask Guaranteed Rate, which just launched “5 Minute Approval” for mortgage applications. This new “innovation” from the Chicago-based mortgage lender… Read More »Guaranteed Rate Launches a 5 Minute Approval for Mortgages
Roam: New Assumable Mortgage Platform Allows Home Buyers to Snag Mortgage Rates as Low as 2%
A new startup called “Roam” has launched a service to make assuming a mortgage painless. The company is backed by some prominent real estate figures,… Read More »Roam: New Assumable Mortgage Platform Allows Home Buyers to Snag Mortgage Rates as Low as 2%
The Silver Lining of High Mortgage Rates
I don’t think it would be much of a stretch to assume nobody likes high mortgage rates. They make it more difficult for prospective home… Read More »The Silver Lining of High Mortgage Rates
Homeowners Can Now See How Much They’ll Make Renting a Room on Airbnb
If you peruse real estate listings on Realtor.com, you might come across a new Airbnb integration. This week, the two companies announced a collaboration that… Read More »Homeowners Can Now See How Much They’ll Make Renting a Room on Airbnb
Fannie Mae Chief Economist Calls Current Housing Market Unusual, Doesn’t Expect It to Change Anytime Soon
It’s time to check in on the state of the housing market. At last glance, mortgage rates were still above 7%, though they did see… Read More »Fannie Mae Chief Economist Calls Current Housing Market Unusual, Doesn’t Expect It to Change Anytime Soon