The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
The Fed has played a major role in consumer mortgage rates over the past decade and change. Back in 2008, they began purchasing hundreds of… Read More »How the Fed Could Benefit from Lower Mortgage Rates
It used to be that a 720 FICO score was all you needed to ensure you qualified for the lowest rate on a mortgage. At… Read More »Why You May Want a 780+ FICO Score When Applying for a Mortgage
A new survey from U.S. News & World Report found that nearly half of homeowners with adjustable-rate mortgages regret the decision. This is based on… Read More »Nearly Half of Homeowners Regret Their Adjustable-Rate Mortgage
Despite long being the #1 mortgage lender in the country, Wells Fargo has announced plans to shrink its mortgage business. The San Francisco-based bank said… Read More »Wells Fargo to Exit Correspondent, Shrink Mortgage Business, Focus on Bank Clients and Minority Borrowers
Another year has nearly passed, which means it’s time for the 2023 mortgage rate predictions. I think we can all agree that the 2022 predictions… Read More »2023 Mortgage Rate Predictions: All Eyes on Inflation
In a rather surprising move, United Wholesale Mortgage president and CEO Mat Ishbia is set to acquire the Phoenix Suns and Phoenix Mercury. The deal… Read More »Mortgage Broker Magnate Ishbia to Buy the Phoenix Suns and Mercury
While most homeowners probably don’t have a refinance on their radar (due to the big jump in interest rates), take note that fees for cash… Read More »Cash Out Refinance Fees Are Going Up in Early 2023
I think we all know 30-year fixed mortgage rates aren’t going back to 2%. Or even 3%. Those days seemed to have come and gone,… Read More »Mortgage Rates Below 5% Seem to Be the Sweet Spot for Home Buyers
It’s nearly 2023, which means it’s time for a fresh batch of mortgage and real estate predictions for the new year. My assumption is everyone… Read More »2023 Mortgage and Real Estate Predictions
A dollar ain’t worth what it used to be; just take a look at the newly released 2023 conforming loan limits. Yes, they will exceed… Read More »2023 Conforming Loan Limits Rise to $726,200
