While lower mortgage rates have reinvigorated hope for the stalling housing market, 2025 might not wind up much better than 2024. Sure, lower interest rates… Read More »Home Purchase Lending Expected to Be Lackluster in 2025 Despite Lower Rates
There is apparently a “home cost crisis,” and a new fintech company called Mesa is looking to solve that. It’s no secret that home prices… Read More »Mesa Wants to Reward You for Every Dollar You Spend on Your Home
Want to lower your mortgage rate without a traditional refinance? Look into a “mortgage rate modification,” which does just that. Instead of having to contact… Read More »You Could Try a Mortgage Rate Modification Instead of a Refinance
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
