Renting

Zillow Will Now Buy Your Home for Its Zestimate Price

Zillow appears to be putting its money where its mouth is by offering to buy properties at their Zestimate price. No longer is the Zestimate just a number you can fantasize about, assuming your home qualifies for the company’s iBuying program known as Zillow Offers. The Zestimate Turns 15 Years Old Zillow introduced the Zestimate [&hellip

The post Zillow Will Now Buy Your Home for Its Zestimate Price first appeared on The Truth About Mortgage.

Berkeley considers ending single-family zoning by December 2022

Berkeley is the latest city looking at opening up exclusive neighborhoods to more housing as the region struggles with exorbitant rents and home prices and increasing homelessness.

Lender credits: How a mortgage lender can pay your closing costs

Lender credits let the mortgage lender pay closing costs, while the borrower pays a higher interest rate. Find out if lender credits are worth it here.

Delinquency Rate Lowest in COVID Era; but Lingering Risks Remain

Posted To: MND NewsWire

Loan performance continued to improve in January although the number of delinquencies remains significantly elevated from pre-pandemic levels. Black Knight’s first look at the month’s loan performance data has both good news and some that is disquieting. The good news is a 121,000-loan decline in the number of loans that are 30 or more days past due but not in foreclosure when compared to the prior month. This reduced the national delinquency rate to 5.85 percent, the first time the rate has been under 6 percent since the pandemic hit in March 2020. The number of seriously delinquent loans, those 90 or more days past due but not in foreclosure, was reduced by 56,000 loans. Black Knight includes loans that are in active forbearance plans in its delinquency numbers if they are non-current. However…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Texas freeze, rate jump drive a week of stalled mortgage app activity

Severe winter weather and another hike in mortgage rates stifled loan volume for the week, according to the Mortgage Bankers Association.

Mortgage and refinance rates today, February 23, 2021

Today’s mortgage and refinance rates  Average mortgage rates rose again yesterday. And the rise was sharper than looked likely first thing that morning. When we say that markets can turn […]

Highest Mortgage Rates Since June 2020

As of today, you’d have to go back to June 2020 to see higher mortgage rates. This is courtesy of an ongoing move in the bond market that has longer-term rates/yields surging higher at the quickest pace since the pandemic began. The broader bond market has actually been signalling this sort of move since late last summer, but it wasn’t an issue for mortgage rates for a variety of reasons. Now that the mortgage market has mostly exhausted its protective cushion against broader bond market volatility, when the broader bond market has a bad day, so do we. It goes without saying that today was bad. Just look at the scoreboard , after all. But it also tried to be good. Bonds battled back from their worst levels quite well by the early afternoon. This was especially true for mortgage-backed bonds

Mortgage Application Volume Continues Decline

Posted To: MND NewsWire

The volume of mortgage applications for both home purchase and refinancing fell for the third straight time during the week ended February 19. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of that volume, dropped 11.4 percent on a seasonally adjusted basis. It was the largest single week decline since the week ended April 3, 2020. On an unadjusted basis the index was down 10.0 percent. The Refinancing Index decreased 11 percent from the previous week but was still 50 percent higher than the same week one year ago. The refinance share of mortgage activity decreased to 68.5 percent of total applications from 69.3 percent the previous week. The seasonally adjusted Purchase Index dropped 12 percent and was 8 percent lower before adjustment. Activity was 7 percent…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Fry’s Electronics Is Closing, Another Retail Victim of Pandemic – The New York Times

Fry’s Electronics Is Closing, Another Retail Victim of Pandemic  The New York Times