Before you panic, take comfort in the fact that mortgage rates probably won’t do too much in 2017, just as they haven’t in recent years,… Read More »2017 Mortgage Rates Are Expected to Stay in the 4% Range
One of the most common reasons why a mortgage doesn’t actually close has do with the appraised value, and more specifically, a low appraisal. One… Read More »These Are the States Where Low Appraisals Are Most Common
Whoa. In an unexpected turn of events, online real estate brokerage Redfin has launched a new mortgage service called, you guessed it, “Redfin Mortgage.” Well,… Read More »Redfin Mortgage Now Available in 20 States and DC
Black Knight Financial Services is apparently working on its own “mortgage-specific FICO score” to better determine individual mortgage borrower risk, instead of simply looking at… Read More »Black Knight Is Working on Its Own Mortgage Credit Score
You’ve heard the news. President Trump announced a freeze on the expected 25-basis point FHA premium cut just a week or so after it was… Read More »The Pros and Cons of Trump’s FHA Premium Cut Freeze
My friend asked me the other day if I’d rather have a low mortgage rate or pay a lower price for a home. I paused… Read More »Would You Rather Have a Low Mortgage Rate or Pay a Lower Price for a Home?
Let’s get political – just kidding. Let’s talk about data that involves presidential elections and mortgage rates, more specifically, what happens to rates during an… Read More »Mortgage Rates vs. Presidential Inaugurations: Is There a Correlation?
A new report from Trulia reveals that homes are falling out of escrow at a much higher rate than normal, a sign that the real… Read More »More and More Homes Are Falling Out of Escrow
Well, here’s some good news to offset those higher mortgage rates. The Department of Housing and Urban Development (HUD) wasted no time in announcing another… Read More »FHA Lowers Annual MIP by 25 Basis Points
What a difference five years make…a new report from Zillow revealed that the national housing market ended 2016 worth a whopping $29.6 trillion. It’s now… Read More »The U.S. Real Estate Market Is Now Worth $30 Trillion