2023 Mortgage and Real Estate Predictions
It’s nearly 2023, which means it’s time for a fresh batch of mortgage and real estate predictions for the new year. My assumption is everyone… Read More »2023 Mortgage and Real Estate Predictions
Mortgage News
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
2023 Conforming Loan Limits Rise to $726,200
A dollar ain’t worth what it used to be; just take a look at the newly released 2023 conforming loan limits. Yes, they will exceed… Read More »2023 Conforming Loan Limits Rise to $726,200
Mortgage Rates vs. CPI: Less Inflation = Lower Rates
While it seemed mortgage rates just couldn’t catch a break, a positive CPI report has led to a huge rally. This is one of the… Read More »Mortgage Rates vs. CPI: Less Inflation = Lower Rates
Mortgage Lenders Launch HELOCs as Home Equity Plummets By $1.3 Trillion
Despite massive drops in collective home equity, mortgage lenders continue to roll out new home equity line offerings. Yesterday, Black Knight reported that homeowners lost… Read More »Mortgage Lenders Launch HELOCs as Home Equity Plummets By $1.3 Trillion
UWM Becomes Top Mortgage Lender in the Nation
Similar to how Rocket Mortgage overtook Wells Fargo, United Wholesale Mortgage (UWM) has now risen above Rocket to become the nation’s top mortgage lender overall.… Read More »UWM Becomes Top Mortgage Lender in the Nation
When Will Mortgage Rates Go Back Down?
The million-dollar question: “When will mortgage rates go back down?” A lot of people have answers, but none of them are necessarily right. That makes… Read More »When Will Mortgage Rates Go Back Down?
loanDepot Digital HELOC Launched: Paperless Process and Funding in as Little as 7 Days
Direct lender loanDepot has launched a so-called “Digital HELOC” to help homeowners tap into their massive amounts of home equity. The Southern California-based company cited… Read More »loanDepot Digital HELOC Launched: Paperless Process and Funding in as Little as 7 Days
Rocket Rewards Loyalty Program Launched by Rocket Mortgage
The nation’s number one lender, Rocket Mortgage, has launched a new loyalty program called “Rocket Rewards.” Similar to other loyalty programs, consumers can earn rewards… Read More »Rocket Rewards Loyalty Program Launched by Rocket Mortgage
FICO 10 T and VantageScore 4.0 Approved for Fannie Mae and Freddie Mac Mortgages
Two new credit scores will be used if and when you apply for a mortgage backed by Fannie Mae or Freddie Mac in the near… Read More »FICO 10 T and VantageScore 4.0 Approved for Fannie Mae and Freddie Mac Mortgages
Home Prices Need to Fall 25%, But They Probably Won’t
A new report from Zillow revealed that home prices need to come down by about 25% to become affordable again. But chances are they won’t,… Read More »Home Prices Need to Fall 25%, But They Probably Won’t