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
Nearly Half of Home Loan Applicants Paid Mortgage Points in 2022
A new analysis from Zillow revealed that nearly half of mortgage applicants opted to pay points when taking out a home loan last year. These… Read More »Nearly Half of Home Loan Applicants Paid Mortgage Points in 2022
Fannie Mae Is Predicting Much Lower Mortgage Rates by Year End
In its latest housing forecast, Fannie Mae has become much more optimistic with regard to mortgage rates. We’re talking 30-year fixed rates nearly 0.75% lower… Read More »Fannie Mae Is Predicting Much Lower Mortgage Rates by Year End
Mortgage Rate Shopping: 10 Quick Tips to Score a Better Deal on Your Home Loan
It’s time to talk mortgage rate shopping, which has become an absolute must in 2023. Simply put, you’ve got to be more proactive to get… Read More »Mortgage Rate Shopping: 10 Quick Tips to Score a Better Deal on Your Home Loan