Why You Probably Don’t Want to Lock Your HELOC
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
Rate and Term Refinances Are Up a Whopping 300% from a Year Ago
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
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
I Pay My Mortgage Around the 15th of Every Month
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
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
More Consumers Think Mortgage Rates Will Go Down and That Home Prices Are Going to Fall
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
It’s Not a Mortgage Rate Story Anymore
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
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
Researchers Says Don’t Wait on the Fed Rate Cut to Refinance Your Mortgage
A new paper from Yale professor Kelly Shue argues that consumers mistakenly wait to take out mortgages and other long-term loans when the Fed is… Read More »Researchers Says Don’t Wait on the Fed Rate Cut to Refinance Your Mortgage