The Hidden Danger of a Higher Mortgage Rate
Everyone knows mortgage rates aren’t as low as they used to be. Understatement of the decade there. But this doesn’t just equate to a higher… Read More »The Hidden Danger of a Higher Mortgage Rate
Big Jump in Homeowners Saying They’ll Sell in the Next Three Years
Has residential housing supply finally bottomed? Are we finally going to see more single-family homes hit the market, after years of slim pickings? Perhaps, if… Read More »Big Jump in Homeowners Saying They’ll Sell in the Next Three Years
Zillow Says Homeowners Twice as Likely to Sell If Their Mortgage Rate Is Above 5%
More news on the mortgage rate lock-in effect, this time from Zestimate creator Zillow. The company conducted a survey and found that homeowners with a… Read More »Zillow Says Homeowners Twice as Likely to Sell If Their Mortgage Rate Is Above 5%
Nearly Half of Homeowners with a Mortgage Are Equity Rich
While bulls and bears continue to argue the health of the housing market, a new report revealed that most existing homeowners are in a really… Read More »Nearly Half of Homeowners with a Mortgage Are Equity Rich
Guaranteed Rate OneDown: The Latest 1% Down Mortgage + $1,000 Toward Lender Fees
Another day, another affordable home loan program launches, this time “OneDown” from Guaranteed Rate. As the name implies, you only need to put 1% down… Read More »Guaranteed Rate OneDown: The Latest 1% Down Mortgage + $1,000 Toward Lender Fees
Homebuyer Assistance Programs: What’s Available These Days and Who Qualifies?
It’s no secret that homes just aren’t as affordable as they used to be. An unwelcome combination of significantly higher mortgage rates coupled with ever-higher… Read More »Homebuyer Assistance Programs: What’s Available These Days and Who Qualifies?
The National Average Mortgage Rate Lock-In Effect Is Worth $55,000
You may have heard the phrase mortgage rate lock-in effect lately. As a quick refresher, it’s a homeowner’s unwillingness to give up an ultra-low mortgage… Read More »The National Average Mortgage Rate Lock-In Effect Is Worth $55,000
Carrington Mortgage Launches a 40-Year Mortgage to Tackle Affordability Concerns
It’s been a tough year for the mortgage industry, with origination volume down substantially from the boom years of 2020 and 2021. Even 2022 was… Read More »Carrington Mortgage Launches a 40-Year Mortgage to Tackle Affordability Concerns
Wondering Where Home Prices Go Next? Look at Inventory, Not Mortgage Rates
There’s been a lot of speculation that home prices would crash as mortgage rates surged. The argument was especially convincing after the 30-year fixed climbed… Read More »Wondering Where Home Prices Go Next? Look at Inventory, Not Mortgage Rates
U.S. Bank Access Home Loan Offers Up to $12,500 in Down Payment Assistance and a $5K Lender Credit
The mortgage deals keep coming, the latest being the new “U.S. Bank Access Home Loan,” which comes with up to $12,500 in down payment assistance… Read More »U.S. Bank Access Home Loan Offers Up to $12,500 in Down Payment Assistance and a $5K Lender Credit