The mortgage industry can be a little bit old school. Similar to how the stock market used to operate in sixteenths, and later eighths, mortgage… Read More »UWM’s Exact Rate Lets Borrowers Choose Exact Mortgage Rates
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
The latest weekly Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA) revealed that 7.80% of outstanding home loans were in forbearance. That… Read More »Homeowners in Forbearance Plans Have Lower Credit Scores, Higher DTI Ratios
One of the trickiest aspects of homeownership is unloading an existing property while acquiring a replacement. Aside from being stressful, it can also be difficult… Read More »Knock Home Swap: Buy, Sell, a Get a Mortgage with Just One Company
Thanks to a newly released SEC Form S-1 associated with their upcoming initial public offering (IPO), we now know a lot more about closely held… Read More »A Look Inside the Books of Rocket Companies, Inc.
While the housing market has been coming up roses lately, even in the face of COVID-19, it might turn out to be a short-lived affair… Read More »Now Home Prices Are Expected to Fall By 2021 Thanks to COVID-19
After some uncertain months while COVID-19 first emerged, home buying has become hot again. Super-hot. In fact, homes are being scooped up at the fastest… Read More »Record Number of Home Buyers Searching Outside Their Own City as Properties Fly Off the Shelf
It seems mortgage rates keep moving lower and lower, and now some veterans and active duty military might be able to snag a 30-year fixed… Read More »Veterans Can Now Get Rates as Low as 2.25% on a 30-Year Fixed Mortgage
You’re probably pretty stoked about the record low mortgage rates currently available with most banks and lenders nationwide. What’s not to like about an interest… Read More »Mortgage Rates Should Be Lower, Here’s Why They Aren’t
Another week, another record low for mortgage rates. It’s all becoming rather humdrum at this point. Really, how excited can you get about a record… Read More »The 30-Year Fixed Just Hit a New Record Low, What Should You Do?