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?
If you’ve got a home equity line of credit (HELOC), payment relief may finally be here. The Fed is expected to “pivot” today, meaning they’ll… Read More »Why You Probably Don’t Want to Lock Your HELOC
What a difference a year makes. While the mortgage industry has been purchase loan-heavy for several years now, it could finally be starting to shift.… Read More »Rate and Term Refinances Are Up a Whopping 300% from a Year Ago
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
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
Lately, savings accounts have been paying a pretty solid return. Companies like Capital One and Discover have been offering over 4% APY. It’s not necessarily… Read More »I Pay My Mortgage Around the 15th of Every Month
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 latest monthly national housing survey from Fannie Mae revealed an interesting contradiction. Last month, a new survey-high 39% of respondents said they expect mortgage… Read More »More Consumers Think Mortgage Rates Will Go Down and That Home Prices Are Going to Fall
The other day I noticed that mortgage rates were being advertised at some really low levels. Many quotes in the mortgage rate table on my… Read More »It’s Not a Mortgage Rate Story Anymore
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
