Mortgage News
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.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 »
Zillow Will Now Buy Your Home for Its Zestimate Price
Zillow appears to be putting its money where its mouth is by offering to buy properties at their Zestimate price. No longer is the Zestimate just a number you can fantasize about, assuming your home qualifies for the company’s iBuying ... Read More »
You Can Now Request COVID-Related Mortgage Forbearance for Up to 18 Months
Some good news for homeowners struggling to make ends meet thanks to COVID-19, which as the name implies has been going on for a while now. The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, has ... Read More »
Real Estate Is Red Hot Because Mortgage Payments Are Still Cheap
If you’re scratching your head wondering why home prices continue to go up and up, consider the fact that it’s actually cheaper now than it was a year ago. It’s also less expensive to own a home today than it ... Read More »
The CEO of a Tech-Enabled Loan Servicer Believes We Might Be on the Cusp of Another Foreclosure Crisis
The co-founder and CEO of a so-called “tech-enabled residential mortgage servicer” named Valon (formerly Peach Street) has warned we could be on the brink of another foreclosure crisis. While real estate is flying high at the moment, it’s appears that ... Read More »
These Are the Top Reasons Home Buyers Haven’t Been Successful Lately
In case you haven’t been paying attention, the housing market is en fuego. This is actually nothing new. It’s been pretty red hot for years now, and home prices have risen consistently for about a decade since they bottomed around ... Read More »
The 2021 Housing Market Is Kind of Like the Toilet Paper Shortage
To say residential real estate is on fire would be a huge understatement. In fact, it’s so popular that we’re literally running out of homes. Simply put, there are too many home buyers and not enough properties for sale, nor ... Read More »
Don’t Freak Out About the Recent Mortgage Rate ‘Spike’
Queue the panic. Mortgage rates have officially spiked and the media is all over it. Yep, the average rate on a 30-year fixed mortgage increased from 2.65% to 2.79% this week, per Freddie Mac’s weekly survey. Freddie Mac Chief Economist ... Read More »
