Mortgage and refinance rates today, January 25, 2021
Today’s mortgage and refinance rates Average mortgage rates fell more than expected last Friday. And they’re now back within striking distance of the most recent all-time low, set early this […]
Today’s mortgage and refinance rates Average mortgage rates fell more than expected last Friday. And they’re now back within striking distance of the most recent all-time low, set early this […]
Best Mortgage Lenders for FHA Loans 2021 â Forbes Advisor Forbes
Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday. It was only a small increase. And rates remain in uberlow territory. But it ended an eight-working-day run without […]
Posted To: MND NewsWire
The interest rates on 30-year fixed rate mortgages originated in December reached an all-time low in ICE Mortgage Technology’s (formerly Ellie Mae’s) records, an average of 2.93 percent and a 4-basis point decline from the November rate. The company, in its monthly Origination Insight Report , said the note rate for all three loan types it tracks, FHA, Conventional, and VA, were all below 3.0 percent for the second straight month. FHA and Conventional loans dropped to 2.94 and 2.96 percent, respectively. Each averaged 2.99 percent the prior month. The VA rate fell from 2.72 to 2.66 percent. Refinances continued to dominate at 60 percent of originations , down 1 percentage point from November but up from 46 percent a year earlier. The outsized share was skewed toward conventional loans at 68…(read more)
Mortgage rates set 14th record low of the year, driving even more refinance demand CNBC
Can I get a new home loan after a forbearance or bankruptcy? Los Angeles Times
Posted To: MND NewsWire
The Acting Secretary of the Department of Housing and Urban Development (HUD) has announced an extension of the deadline for borrowers with FHA mortgage loans to apply for and receive forbearance. Matthew Ammon said up to six months of deferred or reduced mortgage payments may be available to homeowners financially impacted by the pandemic who request it by March 31, 2031. An additional six-month extension to the initial forbearance term is possible. Ammon said, “On the first day of his new Administration, President Biden took immediate actions to stem the economic devastation experienced by the nation’s hardworking families because of the pandemic. Today’s extension supports the President’s direction by providing more time for homeowners to seek mortgage payment relief.” The changed timeline…(read more)
Check out these common types of home loans and whom they’re suited for so you make the right choice.
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It might seem harder to close on a mortgage during the COVID-19 pandemic. But new rules have made parts of the closing process easier than ever.