Is This as Good as Mortgage Rates Get For Now?
Well, it’s been over a week since the Fed cut rates and mortgage rates went up. While this may have come as a surprise to… Read More »Is This as Good as Mortgage Rates Get For Now?
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.
Mesa Wants to Reward You for Every Dollar You Spend on Your Home
There is apparently a “home cost crisis,” and a new fintech company called Mesa is looking to solve that. It’s no secret that home prices… Read More »Mesa Wants to Reward You for Every Dollar You Spend on Your Home
Fed Rate Cut, But Mortgage Rates Up: What Gives?
Anyone who works in the industry probably saw this coming. But those who don’t might be left scratching their head. Yesterday, the Fed finally pivoted… Read More »Fed Rate Cut, But Mortgage Rates Up: What Gives?
Mortgage Rates Could Fall Another Half Point Just from Market Normalization
It’s been a pretty good year so far for mortgage rates, which topped out at around 8% last year. The 30-year fixed is now priced… Read More »Mortgage Rates Could Fall Another Half Point Just from Market Normalization
UWM Launches KEEP to Recapture Prior Mortgage Clients for Its Broker Partners
I’ve said for a while that the mortgage recapture game was going to ramp up and get more aggressive. Customer retention has always been a… Read More »UWM Launches KEEP to Recapture Prior Mortgage Clients for Its Broker Partners
Surge in FHA Loans with Piggyback Second Mortgages Could Spell Future Problems
A recent report from CoreLogic revealed that “piggybacked purchase loans” for FHA borrowers reach a new high in June of this year. While piggybacked home… Read More »Surge in FHA Loans with Piggyback Second Mortgages Could Spell Future Problems
The Hidden Problem with FHA Loans
If you’re thinking about purchasing a property, you’ve likely sifted through available home loan options to determine what’s best. There are lots of loan types… Read More »The Hidden Problem with FHA Loans
New Study Says Mortgage Brokers Save Consumers More Than $10K
If you’re looking to save money on your next mortgage, a mortgage broker might be able to help. A firm by the name of Polygon… Read More »New Study Says Mortgage Brokers Save Consumers More Than $10K
How Does Real Estate Commission Work Now?
In the not-so-distant past, aka before August 17th, 2024, real estate commissions worked a lot differently. Or at least the rules governing them did. Back… Read More »How Does Real Estate Commission Work Now?
I Refinanced My Mortgage Without Making a Single Phone Call
In recent years, new technologies have been rolled out to increase efficiency, lower costs, and improve the borrower experience during the home loan process. For… Read More »I Refinanced My Mortgage Without Making a Single Phone Call