This morning, the Job Openings and Labor Turnover Survey (JOLTS report) was released by the Labor Department. It revealed that the labor market wasn’t running… Read More »Why Are Lower Job Openings Good for Mortgage Rates?
Today, Zillow Home Loans announced its “1% Down Payment” loan program, making them the latest lender to join the near-zero down fray. The move comes… Read More »Zillow Home Loans Launches a 1% Down Mortgage
It’s been a rough month or so for mortgage rates. If we zoom out even further, it’s been a horrendous 18 months, with the 30-year… Read More »What Will It Take for Mortgage Rates to Fall Again?
Principal vs. Principle Attention loan officers, mortgage brokers, real estate agents, and so on The words “principal” and “principle” are two very different words They… Read More »It’s Mortgage Principal, Not Principle
While Fed rate hike forecasts indicate the worst is behind us, mortgage rates are still going up. In fact, they hit a new 52-week high… Read More »Why Are Mortgage Rates Still Going Up If the Fed Is Done Hiking?
With 30-year mortgage rates now above 7%, a refinance likely isn’t in the cards for most homeowners. In fact, the total number of refinance candidates… Read More »Options Other Than Refinancing Your Mortgage
At last glance, the 30-year fixed mortgage was back above 7%, depending on the data source. Prior to late July and early August, the popular… Read More »Why Are Mortgage Rates So High?
While the most advantageous reason to use a mortgage broker might be their ability to shop your rate with multiple lenders, you still need to… Read More »3 Reasons Why You Need to Compare Mortgage Brokers Too
With mortgage rates exceeding 7% again and home prices reaching new heights, some critics are sounding the alarm. The argument is that we’ve got an… Read More »Today’s Housing Market Risk Factors: Is Real Estate in Trouble?
In a clear sign of the times, Zillow has announced a partnership to syndicate new-construction listings on Redfin. This means home shoppers will see more… Read More »Zillow and Redfin Join Forces to Push More New Construction Home Sales
