28 Stats That Sum Up the American Housing Market
See the numbers behind how Americans rent, buy, sell and even think about home.
Renting
Mortgage Rates Today, January 8, 2021 | Key rate advances – Bankrate.com
Mortgage Rates Today, January 8, 2021 | Key rate advances Bankrate.com
Early Payment Default (EPD) Overview
In the mortgage industry an Early Payment Default (EPD) is a mortgage loan that goes 90+ days delinquent or into a default status in its first year. Early Payment Default (EPD) is one of the strongest indicators of possible mortgage fraud. Mortgage industry investors are very concerned with identifying EPDs and performing quality control checks to determine if mortgage fraud has occurred.
First Time Home Buyer Programs for Veterans
Numerous programs exist to help veterans and service members who are first-time buyers with their closing costs and other expenses.
Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows
Mortgage rates can be pretty volatile. Just like stocks, they can change daily depending on whatâs happening in the economy. Beyond that, mortgage rates can move based on news that doesnât involve a report on the economic calendar, such as a jobs report, GDP, housing starts, inflation, etc. Even if there isnât a direct financial [&hellip
The post Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows first appeared on The Truth About Mortgage.
Does a Refinance Require an Appraisal?
Mortgage Q&A: âDoes a refinance require an appraisal?â A reader recently asked if they needed an appraisal to refinance their existing mortgage, knowing they can often add weeks to the loan process. As with anything in the mortgage realm, the answer is it depends. Mainly, it depends on the type of loan you plan to [&hellip
The post Does a Refinance Require an Appraisal? first appeared on The Truth About Mortgage.
Why Are Mortgage Rates Different?
Mortgage rate Q&A: âWhy are mortgage rates different?â Why is the sky blue? Why are clouds white? Why won’t your neighbor trim their tree branches? These are all good questions, and ones that often puzzle even the most savvy of human beings. First things first, take a look at how mortgage rates are determined to [&hellip
The post Why Are Mortgage Rates Different? first appeared on The Truth About Mortgage.
Whatâs the Best Mortgage for First Time Buyers?
If youâre new to real estate, or preparing to make an offer on your first home, you might be wondering what mortgage is best for a novice home buyer. While both seasoned homeowners and first-time buyers may wind up with the same exact home loan, there are additional options to consider if youâve never bought [&hellip
The post Whatâs the Best Mortgage for First Time Buyers? first appeared on The Truth About Mortgage.
Home Prices Are Expected to Rise Another 10% by Next November
If youâre an existing homeowner, get excited, very excited. A new forecast from Zillow says home prices are going to rise 10.3% from this November until November 2021. Thatâs on top of the already stellar growth realized since around 2012, when home prices seemed to bottom and begin their meteoric and historic ascent. Those fortunate [&hellip
The post Home Prices Are Expected to Rise Another 10% by Next November first appeared on The Truth About Mortgage.
Why I’m Grown-Up and Employed, but Still Need Mom to Co-Sign on My Home
Every time I’ve bought or rented a home, I was told that I needed a co-signer. Here’s why this embarrassing scenario is all too common.
The post Why I’m Grown-Up and Employed, but Still Need Mom to Co-Sign on My Home appeared first on Real Estate News & Insights | realtor.com®.