Tag Archives: news
Mortgage refis boom with rates near record lows
The 30-year, fixed-rate mortgage fell this week to just above its all-time lowest level. And people already are taking advantage, flooding mortgage companies with refinance applications. The benchmark 30-year fixed averaged 3.52% this week. The record … Continue reading
Good day to refinance, due to bond plunge
Mortgage rates are at or near record lows. It’s a good time to refinance a mortgage, especially if you got your mortgage more than 5 years ago and you haven’t refinanced since then. Mortgage rates have fallen along with the yield on the 10-year Treasur… Continue reading
Brexit drives mortgage refinancing boomlet
Lenders say they have seen an increase in refinance applications since the United Kingdom voted to exit the European Union. Continue reading
Lock your mortgage rate ASAP, lenders say
Lock your mortgage rate now because today’s rate plunge might not last long. That’s today’s advice from mortgage brokers and loan officers. Continue reading
For every 10 new households formed, 6 homes are built. How’s that working out?
More than a million dwellings needed to be built last year just to keep up with the new households that were created. Yet only 620,000 new housing units were completed, meaning that the nation fell short by 430,000 homes. And that’s just in 1 year. So … Continue reading
Homebuyers can thank our friends overseas
Mortgage rates are at their lowest levels in about 3 years. Many factors are pushing down on mortgage rates. I’m gonna zero in on what’s going down in Europe. Continue reading
Sometimes the Fed zigs and mortgages zag
The Federal Reserve’s rate-setting actions don’t always affect mortgage rates the way you would expect. Continue reading
You’re normal if you spend big before a mortgage
If you have sold a house and bought another, or if you have refinanced a mortgage, you probably have ignored a universally given piece of financial advice. And you know what? You’re fine. You’re perfectly normal. And I’m gonna stop giving that advice. … Continue reading
It really is easier to qualify for a loan
If you’re eager to buy a house, go ahead and seek a mortgage preapproval, even if you have imperfect credit. Maybe you’ll be pleasantly surprised. Continue reading
New mortgage docs are actually being read
More mortgage borrowers are reviewing their loan disclosures before they close on their homes, according to a survey conducted by the lobbying group for the title insurance industry. 2 new disclosures The survey implies that federal regulations that we… Continue reading