The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
A credit union out of Cheyenne, Wyoming has launched a crowdfunded, zero down mortgage loan for its customers. It comes at a time when still… Read More »Crowdfunded Zero Down Mortgage Launched as Housing Market Peaks
With all the talk of a housing market crash, there’s not a lot of data to support it. Sure, home price gains have moderated significantly… Read More »Why Homeowners Aren’t Selling
Now that interest rates have resumed their upward climb, do we have to worry about 8% mortgage rates next? Back in July, I questioned if… Read More »Watch Out for 8% Mortgage Rates
The topic du jour lately has been a housing market on the edge of disaster. But no one can quite agree whether it’s an affordability… Read More »Housing Crash Imminent? The National LTV Is Below 30%
This week, Bank of America unveiled a zero down mortgage option as part of their Community Homeownership Commitment. In short, they want to help more… Read More »Bank of America Launches a Zero Down Mortgage
Sound the alarm. A severe housing downturn may now be in the cards in the United States. That is, if you believe the latest commentary… Read More »A Severe Housing Downturn Is Now Possible
A new shock poll (I just wanted to utter that phrase) found that half of Americans don’t even know what the word “mortgage” means. The… Read More »Half of Americans Don’t Even Know What a Mortgage Is?
If you’ve paid attention lately, you may have noticed that mortgage rates dropped by a sizable amount over the past week. And today, Freddie Mac… Read More »Why Did Mortgage Rates Drop So Much This Week?
Lately, I’ve been hearing a lot about a “housing correction,” which at first glance looks and sounds kind of bad. Not as bad as say… Read More »What Is a Housing Correction? And Are We In One Now?
Yes, adjustable-rate mortgages are still available, even though your lender may have hidden them from you for the past few years. Ultimately, ARMs just didn’t… Read More »Can You Still Get an Adjustable Rate Mortgage?
