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.
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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)
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Mortgage rates climb higher to 2.97%
The average mortgage rate for a 30-year fixed loan is now just 3 basis points away from 3%, after a 16 basis point jump according to Freddie Mac.
The post Mortgage rates climb higher to 2.97% appeared first on HousingWire.
6 First Time Home Buying Mistakes I Made When I Bought My First House
Do you want to avoid common home buying mistakes? I bought a house when I was only 20 years old and made a lot of mistakes!
Mistakes I Made When I Bought My First House At The Age of 20
Are you thinking about buying a house? Do you want to avoid common home buying mistakes? I bought my first house when I was only 20 years old. Even though that was a little over 11 years ago, I have looked back many times and wondered how I did it. I made so many first […]
The post Mistakes I Made When I Bought My First House At The Age of 20 appeared first on Making Sense Of Cents.
What Is Redlining?
Homeownership is a major goal for many people. Not only is a house the biggest purchase many will ever make, but owning a home is a way to build andâ¦
The 5 Best Mobile Home Loans of 2021 – Investopedia
The 5 Best Mobile Home Loans of 2021 Investopedia
The Golden Rule Doesnât Apply in Marketing Anymore!
For years, the Golden Rule has been applied to the realm of marketing and selling. Treating people like you would like to be treated seems not only morally righ
Buying Land to Build a House
So many people imagine building their dream home in an ideal location. Finding that location and buying land to build a house is the first step in fulfilling this dream. Paying for this lot with cash is the ideal scenario but with lot prices climbing into the hundreds of thousands of dollars range, most buyers […]
The post Buying Land to Build a House appeared first on RealtyBizNews: Real Estate News.
Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season
Thomas A. Ferrara/Newsday RM via Getty Images)Mortgage rates reached their highest level since November last week, cooling off home purchase and refinance applications ahead of the all-important spring selling season.
The post Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season appeared first on Real Estate News & Insights | realtor.com®.