The latest mortgage rate forecast from Fannie Mae is a good one, assuming you’re a prospective home buyer or an existing homeowner. The government-sponsored enterprise… Read More »Fannie Mae Now Expects Mortgage Rates to Be 30 Basis Points Lower By Year End
As always, it’s been hard to determine the path forward for mortgage rates. They’re never easy to predict, but since the new administration took over,… Read More »Mortgage Rates Appear to Be Falling as Recession Fears Rise
I’ve been saying for a year or two, maybe longer, that recapture was the next big thing in mortgage. Instead of going out and spending… Read More »Rocket Buying Nation’s Largest Loan Servicer Mr. Cooper to Reclaim Top Mortgage Lender Title
I’ve seen a lot of posts lately on social media talking about waiting for mortgage rates to drop before buying a home. Or conversely, NOT… Read More »Should I Wait for Mortgage Rates to Drop Before Buying a Home?
A sweeping change took place this morning that blocks non-permanent residents from taking out FHA loans. After conforming loans backed by Fannie Mae and Freddie… Read More »Non-Permanent Residents No Longer Eligible for FHA Loans
File this one under unintended consequences of a global trade war. When you start a trade war, or at least threaten one, unexpected things can… Read More »Mortgage Rates Could Go Up If Foreign Countries Dump Their MBS Holdings
Well, another year is in the books at the VA, and like prior years, Veterans United topped the list as the #1 VA loan lender… Read More »Veterans United the Top VA Loan Lender in 2024 for Third Straight Year
A couple weeks ago, I wrote about how mortgage rates hadn’t really done much since the U.S. presidential election took place. By not doing much,… Read More »Where Would Mortgage Rates Be Today If Kamala Harris Won?
Lately, mortgage rates have been pretty flat. They enjoyed a nice string of six or seven weeks where they tumbled down from around 7.25% to… Read More »If Mortgage Rates Don’t Move, They’ll Be Better in a Month
I’ve been a lot more active on social media over the past few years. And one of my observations is that everyone is looking to… Read More »If You Have a Mortgage, You Are Not Rich
