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?
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
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?
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
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?
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
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
If you thought 2021 was bad, just in general, you might think 2022 is even worse, if the subject happens to be mortgage rates. They’ve… Read More »Why I Expect Mortgage Rates to Go Down Sometime Soon
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
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
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