Seems pretty clear now that it doesn’t matter what economic data shows up between now and next week. Mortgage rates aren’t going to improve by… Read More »Mortgage Rates Are in a Holding Pattern Until After the Election
Figure Lending has unveiled a new piggyback loan at a time when housing affordability has rarely been worse. Call it a sign of the times,… Read More »Figure Launches a Piggyback Second Mortgage
I wanted to take a moment to talk about the types of sellers that exist in the housing market. There are typically two types of… Read More »Would-Be Sellers vs. Must-Sell Sellers
I often try to find silver linings in bad situations. The latest issue facing prospective home buyers is a return to 7% mortgage rates, up… Read More »Home Buyers: Use High Mortgage Rates as an Excuse to Get a Lower Price
Both Fannie Mae and Freddie Mac announced newly expanded appraisal waivers to reduce costs and help more first-time home buyers purchase a property. The pair… Read More »Fannie and Freddie Expand Appraisal Waivers to Even More Home Buyers
We’re currently in a strange sort of housing crisis where existing homeowners are in a fantastic spot, but prospective buyers are mostly priced out. The… Read More »The Second Mortgage Sales Pitch Is Coming, Be Ready
Another fintech has been quietly growing in the mortgage space, looking to solve the age-old “buy before you sell” conundrum. A major challenge for prospective… Read More »Calque Looks to Solve the Buy Before You Sell Problem
With mortgage rates surging higher again, somewhat unexpectedly, a thought came to my mind if you’re currently home shopping. A couple years ago, I threw… Read More »Use a Higher Mortgage Rate When Shopping for a Home to Stay Within Budget
When the housing market crashed in the early 2000s, new mortgage rules emerged to prevent a similar crisis in the future. The Dodd-Frank Act gave… Read More »Is It Time to Bring Back the Mortgage Prepayment Penalty?
Mortgage Q&A: “Do mortgage payments increase?” Wondering why your mortgage keeps going up? While this sounds like a no-brainer question, it’s actually a little more… Read More »Do Mortgage Payments Increase? Here Are 4 Ways They Can Get More Expensive
