Why Did Mortgage Rates Plunge This Week?
If you’ve been keeping track lately, you might be wondering why mortgage rates plunged this week. Last week was a totally different story, with a… Read More »Why Did Mortgage Rates Plunge This Week?
Mortgage News
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
I’ve been covering the mortgage industry since 2006, at a time when scores of banks and lenders were closing their doors after some very big boom years.
In fact, you can see my ongoing list of mortgage layoffs and closures if you’re curious just how many companies didn’t survive that period.
Fortunately, the climate has improved considerably since then, despite a big uptick in mortgage rates lately.
This too has led to companies merging or folding entirely, though this time around due to a lack of volume as opposed to an increase in loan defaults.
I strive to write compelling mortgage news stories, whether it’s the top lenders for a given year, a novel mortgage product, new loan limits, or a big policy change.
You can see all my latest mortgage news posts below.
What Happens to Mortgage Rates During a Government Shutdown?
It’s looking more likely that there will be a government shutdown beginning October 1st, which begs the question, what happens to mortgage rates? Do they… Read More »What Happens to Mortgage Rates During a Government Shutdown?
Frost Bank Re-Enters Mortgage Biz with a Zero Down Home Loan
Frost Bank, long absent from the mortgage industry, is back in the biz and rolling out a zero down home loan for its customers. The… Read More »Frost Bank Re-Enters Mortgage Biz with a Zero Down Home Loan
Home Prices Least Affordable in Over Three Decades
If you think home prices are too expensive, you wouldn’t be the only one. A new analysis from First American revealed that housing affordability is… Read More »Home Prices Least Affordable in Over Three Decades
Are High Mortgage Rates Here to Stay?
Today was a rough day for mortgage rates as the market digested the Fed’s latest outlook, which confirmed its inflation fight is far from over.… Read More »Are High Mortgage Rates Here to Stay?
Former Ginnie Mae Boss Makes the Case for a Zero Down FHA Loan
Past Ginnie Mae president Ted Tozer has argued that the FHA should lower or completely eliminate its current 3.5% down payment requirement. He discussed the… Read More »Former Ginnie Mae Boss Makes the Case for a Zero Down FHA Loan
Why Are There No Homes for Sale?
At last glance, 30-year fixed mortgage rates were sitting above 7%. Despite this, there are virtually no homes for sale. One would assume that after… Read More »Why Are There No Homes for Sale?
Guaranteed Rate Launches a 5 Minute Approval for Mortgages
How fast is fast enough? Ask Guaranteed Rate, which just launched “5 Minute Approval” for mortgage applications. This new “innovation” from the Chicago-based mortgage lender… Read More »Guaranteed Rate Launches a 5 Minute Approval for Mortgages
Roam Assumable Mortgage Platform Allows Home Buyers to Snag Mortgage Rates as Low as 2%
A new startup called “Roam” has launched a service to make assuming a mortgage painless. The company is backed by some prominent real estate figures,… Read More »Roam Assumable Mortgage Platform Allows Home Buyers to Snag Mortgage Rates as Low as 2%
Homeowners Can Now See How Much They’ll Make Renting a Room on Airbnb
If you peruse real estate listings on Realtor.com, you might come across a new Airbnb integration. This week, the two companies announced a collaboration that… Read More »Homeowners Can Now See How Much They’ll Make Renting a Room on Airbnb