Mortgage News
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.Record Home Purchase Activity Expected in 2021 Despite Higher Mortgage Rates
While mortgage rates are projected to be slightly higher next year, home purchase activity should hit a new record high, per the latest forecast from the Mortgage Bankers Association (MBA). The group said it expects purchase loan origination volume to ... Read More »
Will Mortgage Rates Go Up or Down If Trump/Biden Wins the Election?
As everyone knows, we have a very important U.S. presidential election just around the corner. In fact, it’s now less than three weeks away. It could be the biggest in U.S. history, at least in terms of drama and friction, ... Read More »
Costco Mortgage Review: What Don’t They Do?
Costco, the well-known mega wholesaler that runs a chain of membership warehouses internationally, rolled out it’s so-called “Mortgage Services” back in 2011. Now known as “The Mortgage Program,” their lending partners have funded nearly 200,000 mortgages worth more than $51 ... Read More »
Redfin: 2020 Home Sales Will Be Highest Since 2006
While 2020 continues to surprise us, somehow, someway, home sales are expected to hit their highest point since 2006 this year. This, despite an ongoing worldwide pandemic and a contentious U.S. presidential election that’s less than a month away. You’d ... Read More »
What Will Happen When the CARES Act Forbearance Option Ends?
While it’s still possible to request forbearance via the CARES Act if you’re having trouble making mortgage payments, this option will eventually come to an end. Oddly, it’s not even known when that date is, at least when it comes ... Read More »
The Mortgage Broker Comeback
Once left for dead, the mortgage broker is alive and well. And in fact, thriving. There are now more than 100,000 mortgage brokers in business, per the latest jobs report from the U.S. Bureau of Labor Statistics, an increase of ... Read More »
UWM Offering 50 Basis Point Discount on VA Streamline Loans Through Veterans Day
United Wholesale Mortgage continues to bring the heat, this time shaving 50 basis points off streamline VA loans from now until Veterans Day on November 11th. The move will make it even cheaper for veteran homeowners to refinance their existing ... Read More »
Two Things Working in Favor of Even Lower Mortgage Rates This Year
While recent home buyers and existing homeowners have enjoyed a period of extremely low mortgage rates this year, some pundits are starting to warn that the party could be coming to an end. It’s only natural to question something that ... Read More »
United Wholesale Mortgage Going Public
Despite the ongoing pandemic, it’s turning out to be a very good time for companies to go public, especially mortgage lenders, which are seeing record volumes thanks to über-low mortgage rates. The latest announcement comes from United Wholesale Mortgage, the ... Read More »
Zillow Homes: Zillow Launches a Real Estate Brokerage
Zillow has officially launched a real estate brokerage, known as “Zillow Homes.” The move is intended to “simplify and streamline” the company’s Zillow Offers platform, which up until now relied upon outside real estate brokerages to manage its iBuying transactions. ... Read More »
