Surprise existing-home sales gain caps best year since 2006
Sales of previously owned homes increased unexpectedly in December, capping the best year for the housing market since 2006 as historically low mortgage rates helped power demand.
Refinance
What is a home equity loan and how does it work?
A home equity loan lets you cash-out your equity without replacing your current mortgage. Learn how home equity loans and home equity lines (HELOCs) work.
The VA plans to help 60K veterans cover missed mortgage payments
If its proposal is accepted, the VA plans to offer mortgage relief for up to 60,000 VA loan holders who are struggling financially due to COVID.
MBS RECAP: Calm Week Ends on an Even Calmer Note
Posted To: MBS Commentary
Calm Week Ends on an Even Calmer Note It's rare to see non-holidays Fridays in January be quite as underwhelming as today turned out to be. Bonds remained locked perfectly inside prevailing trends. That's a good thing in this case as it meant moderate gains for both MBS and Treasuries. Volatility risks increase next week with a bigger slate of economic data, but we'll wait to get too excited about that until it actually proves capable of moving the needle. Today's video discusses what might be required for 10yr yields to break below 1.0%. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Existing Home Sales 6.76m vs 6.55m f'cast, 6.71m prev Markit Composite PMI 58.0 vs 55.3 prev Market Movement Recap 08:35 AM Markets trading ' risk-off…(read more)
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Can I Get a Home Loan with Bad Credit?
While a 20% down payment and a great credit history make buying a home easiest, there are ways to get approved for a home loan without them those golden assets. Programs, such as Federal Housing Administration or FHA loans, Veteranâs Administration or VA loans and United States Department of Agriculture or USDA loans can help those without… Read More
The post Can I Get a Home Loan with Bad Credit? appeared first on Credit.com.
VA Home Loans: Everything You Need to Know
If you are a service member or veteran that is interested in buying a home, then you should definitely take advantage of the benefits offered through a VA home loan. Through this program, veterans and…
The post VA Home Loans: Everything You Need to Know appeared first on Crediful.
Bank of America’s home lending business takes a hit in Q4
Bank of America (BofA), which has been deemphasizing its home lending business for many years now, has released its fourth quarter results. The second-largest US bank reported that it originated $13.7 billion of product in Q4 2020, a 2.2% gain from the previous quarter. BofA saw its home lending plunge by 38.2% year over year. … [Read more…]
3 Refinancing Mistakes That Can Cost You Money
Mortgage rates are currently very low, but you can’t expect them to stay that way forever. If you bought a home within the last five to seven years and you’ve built up equity, you might be thinking about refinancing. A refinance can … Continue reading →
The post 3 Refinancing Mistakes That Can Cost You Money appeared first on SmartAsset Blog.
Allyâs diversification efforts starting to pay off
The auto finance company, which had stumbled in forays into the credit card business, is now seeing rapid growth in mortgage and unsecured consumer lending.
2021 Conforming loan limits range from $548K to over $1 million
Conforming loan limits for 2021 rose more than 7% across the United States. Freddie Mac and Fannie Mae loans now go up to $548K in most counties.