2017 Mortgage and Real Estate Predictions
Well, another year has passed, and not just any year. Some have referred to 2016 as the worst year ever, though I’m a little more… Read More »2017 Mortgage and Real Estate Predictions
December 2016
Home Prices Rise at Fastest Pace Since 2006
Just when you thought things were cooling off, home prices surprised us with yet another killer year. Tomorrow, Zillow will release the November edition of… Read More »Home Prices Rise at Fastest Pace Since 2006
Median Mortgage Down Payment Rises to $500k in Manhattan
While everyone frets about rising mortgage rates, down payments continue to be the biggest hurdle to homeownership. This couldn’t be more true in Manhattan, where… Read More »Median Mortgage Down Payment Rises to $500k in Manhattan
Fannie and Freddie Launch Flex Modification Program: No Paperwork Required in Some Cases
Fannie Mae and Freddie Mac have launched a new loan modification program for troubled mortgages known as “Flex Modification.” In a nutshell, the new flexible… Read More »Fannie and Freddie Launch Flex Modification Program: No Paperwork Required in Some Cases
Sales Volume, Not Home Prices the Concern in a Rising Mortgage Rate Environment
A lot of homeowners are understandably worried that rising mortgage rates will dampen their home’s value, or make it more difficult to fetch a high… Read More »Sales Volume, Not Home Prices the Concern in a Rising Mortgage Rate Environment
Fairway Mortgage App: Close Your Mortgage with Your Phone
Fairway Independent Mortgage Corp. plans to launch a new smartphone app designed to make the home loan process a lot faster (and easier). The company… Read More »Fairway Mortgage App: Close Your Mortgage with Your Phone
Ally Home Loans: Bank Now Offers Retail Mortgages to Its Customers
You may remember GMAC Bank, which was taken down by its fateful mortgage arm Residential Capital (ResCap) before eventually requiring a government bailout. It wasn’t… Read More »Ally Home Loans: Bank Now Offers Retail Mortgages to Its Customers
Caliber Home Loans Unveils Ultimate Homebuying Experience: Close Your Mortgage in 10 Days
Caliber Home Loans out of Irving, Texas wants to close your mortgage faster than anyone else, and thinks it can accomplish the feat in less… Read More »Caliber Home Loans Unveils Ultimate Homebuying Experience: Close Your Mortgage in 10 Days
Some Prospective Home Buyers Would Give Up If Mortgage Rates Rise Another Half Point
Let’s talk about mortgage rates again, because let’s face it, they’re on everyone’s mind at the moment and they’ve been extremely volatile of late. Yesterday,… Read More »Some Prospective Home Buyers Would Give Up If Mortgage Rates Rise Another Half Point
Is the 30-Year Fixed Mortgage Actually a Lot of Work?
I typically refer to the 30-year fixed mortgage as a set-it-and-forget-it type of mortgage because it’s fixed for the entire duration of the loan. The… Read More »Is the 30-Year Fixed Mortgage Actually a Lot of Work?