Top Illinois Mortgage Lenders
There was a new top mortgage lender in Illinois in 2022, per the latest HMDA data. And it was Chicago’s very own Guaranteed Rate, which… Read More »Top Illinois Mortgage Lenders
Why Are Mortgage Rates Different?
Mortgage rate Q&A: “Why are mortgage rates different?” Why is the sky blue? Why are clouds white? Why won’t your neighbor trim their tree branches?… Read More »Why Are Mortgage Rates Different?
CFPB: Choosing a Cheaper Mortgage Lender Could Save You $100 a Month
You’ve heard it a million times, but I’ll say it again. It pays to shop around for your mortgage. Freddie Mac told us a while… Read More »CFPB: Choosing a Cheaper Mortgage Lender Could Save You $100 a Month
Why Are Mortgage Rate Spreads So High Right Now?
If you haven’t heard, the 30-year fixed has once again surpassed 7%, at least by some accounts. After settling in around 6.5% in early May,… Read More »Why Are Mortgage Rate Spreads So High Right Now?
Movement Mortgage Launches Zero Down FHA Loan
As housing affordability wanes, mortgage lenders have gotten increasingly creative to help borrowers qualify. The latest innovative product is “Movement Boost,” a zero-down FHA loan… Read More »Movement Mortgage Launches Zero Down FHA Loan
Rocket Mortgage ONE+: The Latest 1% Down Home Loan Program
Rocket Mortgage is the latest company to offer a 1% down payment mortgage to address ongoing affordability concerns. The new program, coined “ONE+,” offers a… Read More »Rocket Mortgage ONE+: The Latest 1% Down Home Loan Program
What Is the Mortgage Rate Lock-In Effect?
Those looking to buy a home, along with existing owners, may have come across the term “mortgage rate lock-in effect” lately. It’s a relatively new… Read More »What Is the Mortgage Rate Lock-In Effect?
Temporary vs. Permanent Mortgage Buydowns: Which to Choose and Why
Mortgage rates aren’t so low these days. In fact, they’ve basically doubled since early 2022. While this clearly isn’t great news for aspiring home buyers… Read More »Temporary vs. Permanent Mortgage Buydowns: Which to Choose and Why
Top Mortgage Lenders in 2022: Rocket Squeaks Past UWM for #1 Spot
Last year, Rocket Mortgage was the top mortgage lender in the nation, per the latest HMDA data. While that wasn’t a big surprise, as they’ve… Read More »Top Mortgage Lenders in 2022: Rocket Squeaks Past UWM for #1 Spot
27 States Oppose New Fannie/Freddie Mortgage Fees That Appear to Punish High FICO Score Borrowers
Those new mortgage fees you’ve probably heard about are causing quite a stir. So much so that Pennsylvania State Treasurer Stacy Garrity sent a letter… Read More »27 States Oppose New Fannie/Freddie Mortgage Fees That Appear to Punish High FICO Score Borrowers