Allow Me to Introduce You to the 5% Mortgage Rate
For those new to mortgages, the number five might feel a bit foreign. Over the past decade and even longer, rates on the popular 30-year… Read More »Allow Me to Introduce You to the 5% Mortgage Rate
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.
Are We Near the Peak of the Current Housing Cycle?
They say real estate is cyclical, much like the stock market and the wider economy. It ebbs and flows, goes up and down, experiences booms… Read More »Are We Near the Peak of the Current Housing Cycle?
Are the Housing Bears Being Too Rational?
Now that 30-year fixed mortgage rates are flirting with 5%, there’s been quite the uptick in housing bubble chatter. The basic reasoning is because interest… Read More »Are the Housing Bears Being Too Rational?
Figure’s Crypto Mortgage: Purchase a Home with Nothing Down While You Continue to HODL
For the individual who eschews fiat currency, but still needs a mortgage, look no further than Figure. The company originally came onto the scene by… Read More »Figure’s Crypto Mortgage: Purchase a Home with Nothing Down While You Continue to HODL
Mortgage Rates Have Jumped. Just How Bad Is It?
In a word, bad. At least in terms of historic interest rate moves, which have rarely rivaled the massive increases we’ve seen in such a… Read More »Mortgage Rates Have Jumped. Just How Bad Is It?
Nation’s Largest Wholesale Lender Now Offering Bank Statement Loans
What year is it? 2006? The nation’s largest wholesale mortgage lender, United Wholesale Mortgage, has just announced the availability of bank statement loans. Does this… Read More »Nation’s Largest Wholesale Lender Now Offering Bank Statement Loans
UWM Offering No-Cost Appraisals on Home Purchase Loans
In an effort to make loan closings even faster, United Wholesale Mortgage (UWM) is offering an appraisal credit on home purchase loans submitted through March… Read More »UWM Offering No-Cost Appraisals on Home Purchase Loans
Why You May Want to Act Fast If Taking Out a Mortgage on a Second Home or Expensive Property
If you own a second home or hold a high balance loan amount, you may want to refinance sooner rather than later. That’s assuming you… Read More »Why You May Want to Act Fast If Taking Out a Mortgage on a Second Home or Expensive Property
2022 FHA Loan Limits: Floor Rises to $420,680, Ceiling to $970,800
Similar to the FHFA, the U.S. Department of Housing and Urban Development (HUD) announces maximum loan limits each year for FHA loans. Today, they unveiled… Read More »2022 FHA Loan Limits: Floor Rises to $420,680, Ceiling to $970,800
2022 Conforming Loan Limit Jumps to $647,200
This morning, the 2022 conforming loan limits were officially announced by the FHFA, with the baseline limit hitting a whopping $647,200. Prior to this announcement,… Read More »2022 Conforming Loan Limit Jumps to $647,200