Today, Zillow announced its “1% Down Payment” loan program, making them the latest lender to join the near-zero down fray. The move comes as mortgage… Read More »Zillow Home Loans Launches a 1% Down Mortgage
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
While Fed rate hike forecasts indicate the worst is behind us, mortgage rates are still going up. In fact, they hit a new 52-week high… Read More »Why Are Mortgage Rates Still Going Up If the Fed Is Done Hiking?
With mortgage rates exceeding 7% again and home prices reaching new heights, some critics are sounding the alarm. The argument is that we’ve got an… Read More »Today’s Housing Market Risk Factors: Is Real Estate in Trouble?
In a clear sign of the times, Zillow has announced a partnership to syndicate new-construction listings on Redfin. This means home shoppers will see more… Read More »Zillow and Redfin Join Forces to Push More New Construction Home Sales
Has residential housing supply finally bottomed? Are we finally going to see more single-family homes hit the market, after years of slim pickings? Perhaps, if… Read More »Big Jump in Homeowners Saying They’ll Sell in the Next Three Years
More news on the mortgage rate lock-in effect, this time from Zestimate creator Zillow. The company conducted a survey and found that homeowners with a… Read More »Zillow Says Homeowners Twice as Likely to Sell If Their Mortgage Rate Is Above 5%
While bulls and bears continue to argue the health of the housing market, a new report revealed that most existing homeowners are in a really… Read More »Nearly Half of Homeowners with a Mortgage Are Equity Rich
Another day, another affordable home loan program launches, this time “OneDown” from Guaranteed Rate. As the name implies, you only need to put 1% down… Read More »Guaranteed Rate OneDown: The Latest 1% Down Mortgage + $1,000 Toward Lender Fees
You may have heard the phrase mortgage rate lock-in effect lately. As a quick refresher, it’s a homeowner’s unwillingness to give up an ultra-low mortgage… Read More »The National Average Mortgage Rate Lock-In Effect Is Worth $55,000
It’s been a tough year for the mortgage industry, with origination volume down substantially from the boom years of 2020 and 2021. Even 2022 was… Read More »Carrington Mortgage Launches a 40-Year Mortgage to Tackle Affordability Concerns