The Magic Mortgage Rate Is Now 6%
Ever since mortgage rates surged from their record lows in early 2022, economists have been attempting to figure out what specific rate would get the… Read More »The Magic Mortgage Rate Is Now 6%
UWM Launches Borrower-Paid Temporary Buydown for Refinances
The nation’s top mortgage lender has launched a new borrower-paid temporary buydown to drum up refinance business. It appears they’re doing so at a time… Read More »UWM Launches Borrower-Paid Temporary Buydown for Refinances
Firing Jerome Powell Won’t Benefit Mortgage Rates
Once again, there have been reports of President Trump threatening to fire Fed Chair Jerome Powell. But like the last time this happened, Trump has… Read More »Firing Jerome Powell Won’t Benefit Mortgage Rates
Here’s How Your Mortgage Payment Can Go Up Even If It’s Not an ARM
While adjustable-rate mortgages are mostly a thing of the past, homeowners are still receiving notices about monthly payment increases. But how is this possible if… Read More »Here’s How Your Mortgage Payment Can Go Up Even If It’s Not an ARM
The Past Month’s Mortgage Rate Rally Has Nearly Been Entirely Erased
What a difference a month makes. Mortgage rates were close to eight month lows about two weeks ago. Today? They’re only 17 basis points (0.17%)… Read More »The Past Month’s Mortgage Rate Rally Has Nearly Been Entirely Erased
Top Mortgage Lender UWM Invests $100M in Bilt Credit Card to Drive More Leads
Another big tie-up has been announced in the mortgage space, this time between the nation’s top mortgage lender and a credit card company. Bilt announced… Read More »Top Mortgage Lender UWM Invests $100M in Bilt Credit Card to Drive More Leads
Will Paying Rent on Time Really Make It Easier to Get a Mortgage?
You’ve heard the news. FHFA Director Bill Pulte has ordered Fannie Mae and Freddie Mac to begin accepting VantageScore credit scores immediately. The notice was… Read More »Will Paying Rent on Time Really Make It Easier to Get a Mortgage?
For Mortgage Rates, lt’s All Eyes on Labor at This Point
Somewhat amazingly, the 30-year fixed is once again priced back near 7% thanks to a hot jobs report. While many expected a soft report that… Read More »For Mortgage Rates, lt’s All Eyes on Labor at This Point
A Key Difference Between HELOCs and Home Equity Loans Could Matter Again Soon
A lot of people (even industry folks) speak about HELOCs and home equity loans interchangeably. As if they’re essentially the same thing and not even… Read More »A Key Difference Between HELOCs and Home Equity Loans Could Matter Again Soon
Robinhood Partners with Sage Home Loans to Offer Mortgage Rate Discounts to Gold Members
The popular trading platform Robinhood has teamed up with Sage Home Loans to offer big mortgage rate discounts to its Gold members. While Robinhood hasn’t… Read More »Robinhood Partners with Sage Home Loans to Offer Mortgage Rate Discounts to Gold Members