Mortgage News
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.Top Mortgage Lenders by State in 2020: Rocket Claims 19 States and D.C.
Assuming you actually needed to be told, Quicken Loans (aka Rocket Mortgage) was the top residential mortgage lender in the United States last year. The company funded roughly $314 billion in home loans during what was a record year for ... Read More »
Thursday Is the Best Day to List Your House
Not that it matters much these days, but apparently Thursday is the best day to list your home for sale. This is the latest advice from iBuyer and home valuation company Zillow, which noted that 21% of properties are listed ... Read More »
The Housing Market Is Nuts, But Probably Has a Lot More Upside
Whether you’re an existing homeowner, or a desperately prospective one, you probably already know that the housing market is absolutely bonkers. The topics du jour are bidding wars, skyrocketing home prices, expensive lumber, and a lack of homes for sale. ... Read More »
Nation’s Top Wholesale Mortgage Lender Launches New Line of Adjustable-Rate Mortgages
Declaring that ARMs are back, United Wholesale Mortgage (UWM) has just rolled out a new line of adjustable-rate mortgages for its mortgage broker partners. The new offering from the nation’s largest wholesale mortgage lender includes a 5-, 7-, and 10-year ... Read More »
Quicken Loans Changes Name to Rocket Mortgage
In an effort to perhaps streamline its brand and create a little less consumer confusion, Quicken Loans announced today that it is officially changed its name to “Rocket Mortgage.” Going forward, you won’t see the old “Rocket Mortgage by Quicken ... Read More »
New Fannie/Freddie Refinance Option Drops Adverse Market Fee, Offers $500 Appraisal Credit
In an effort to undo some of the damage the Federal Housing Finance Agency (FHFA) basically caused itself, it’s throwing a bone to so-called low-income families to save on their mortgage. It all spurs from the adverse market fee the ... Read More »
Why Is the Housing Market So Hot?
Real estate Q&A: “Why Is the Housing Market So Expensive Right Now?” If you asked me this same question a few years ago, I would have had the same basic answer I’m about to explain. And since that time, home ... Read More »
Jim Cramer Just Paid Off His Mortgage with Bitcoin Gains
File this one under bizarre, for several different reasons. Mad Money host Jim Cramer disclosed yesterday that “he recently paid off a mortgage using profits from his investment in bitcoin.” He apparently purchased a significant amount of the cryptocurrency back ... Read More »
Are Mortgage Rates Going Down Again?
Just when you thought all hope was lost, mortgage rates appear to be going down again. It’s been a very tough start to 2021 with regard to mortgage rates, as the popular 30-year fixed climbed from around 2.75% to 3.35% ... Read More »
Higher Mortgage Rates May Exacerbate Already White-Hot Housing Market
You’ve seen the headlines – mortgage rates have jumped from recent all-time lows. And they’re seemingly on an upward spiral that can’t be stopped. Except, they’ve actually seen some improvement over the past few days, thanks in part to the ... Read More »
