You’ve heard the news. President Trump announced a freeze on the expected 25-basis point FHA premium cut just a week or so after it was… Read More »The Pros and Cons of Trump’s FHA Premium Cut Freeze
My friend asked me the other day if I’d rather have a low mortgage rate or pay a lower price for a home. I paused… Read More »Would You Rather Have a Low Mortgage Rate or Pay a Lower Price for a Home?
Let’s get political – just kidding. Let’s talk about data that involves presidential elections and mortgage rates, more specifically, what happens to rates during an… Read More »Mortgage Rates vs. Presidential Inaugurations: Is There a Correlation?
Well, another year has passed, and not just any year. Some have referred to 2016 as the worst year ever, though I’m a little more… Read More »2017 Mortgage and Real Estate Predictions
Just when you thought things were cooling off, home prices surprised us with yet another killer year. Tomorrow, Zillow will release the November edition of… Read More »Home Prices Rise at Fastest Pace Since 2006
Fannie Mae and Freddie Mac have launched a new loan modification program for troubled mortgages known as “Flex Modification.” In a nutshell, the new flexible… Read More »Fannie and Freddie Launch Flex Modification Program: No Paperwork Required in Some Cases
Fairway Independent Mortgage Corp. plans to launch a new smartphone app designed to make the home loan process a lot faster (and easier). The company… Read More »Fairway Mortgage App: Close Your Mortgage with Your Phone
You may remember GMAC Bank, which was taken down by its fateful mortgage arm Residential Capital (ResCap) before eventually requiring a government bailout. It wasn’t… Read More »Ally Home Loans: Bank Now Offers Retail Mortgages to Its Customers
Caliber Home Loans out of Irving, Texas wants to close your mortgage faster than anyone else, and thinks it can accomplish the feat in less… Read More »Caliber Home Loans Unveils Ultimate Homebuying Experience: Close Your Mortgage in 10 Days
I typically refer to the 30-year fixed mortgage as a set-it-and-forget-it type of mortgage because it’s fixed for the entire duration of the loan. The… Read More »Is the 30-Year Fixed Mortgage Actually a Lot of Work?
