One of the things prospective home buyers and existing homeowners seem to care most about is mortgage rates. And for good reason – the interest rate you receive on your home loan dictates what you’ll pay each month, sometimes for as long as the next 30 years. That’s 360 months! The rate you receive can [&hellip
The post Use These Mortgage Charts to Easily Compare Rates first appeared on The Truth About Mortgage.
It seems mortgage rates keep moving lower and lower, and now some veterans and active duty military might be able to snag a 30-year fixed as low as 2.25%! Thatâs pretty unheard of. While it sounds too good to be true, it appears to be a reality thanks to United Wholesale Mortgageâs push to dominate [&hellip
The post Veterans Can Now Get Rates as Low as 2.25% on a 30-Year Fixed Mortgage first appeared on The Truth About Mortgage.
The COVID-19 pandemic has shaken up all areas of the U.S. economy in a number of ways, and the mortgage industry has been no exception. Since the start of the pandemic, the number of mortgages in forbearance have increased significantly â due, in major part, to the high unemployment numbers as well as the federal […]
The post Mortgages in Forbearance Fell in January 2021 appeared first on The Simple Dollar.
SitusAMC has completed its acquisition of Street Resource Group (SRG), expanding the proptech firm’s warehouse lending technology offering. The deal will see SitusAMC combine its existing ProMerit system with SRG’s warehouse loan system (WLS) to support more than 60 of its clients representing approximately $3 trillion in loan funding during 2020. While financial details of the transaction … [Read more…]
Today’s mortgage and refinance rates Average mortgage rates soared yesterday, rising by a greater amount than we’ve seen in a long time. Of course, they’re still very low in a […]
Rising rates have been on the menu for months, but the drama kicked into a higher gear this week. Maybe you heard about this? We’ve certainly been discussing it in recent newsletters ( especially last week’s ). The rising rate narrative hit the mainstream this week as it was widely credited for doing damage to the stock market. Perhaps you even caught one of Thursday’s many mortgage rate headlines citing the spike in Freddie Mac’s weekly mortgage rate survey. Freddie reported a jump in 30yr fixed rates from 2.81 to 2.97, their biggest in nearly a year. Unfortunately, Freddie was low last week and they’re WAY low this week. This is a common problem when things are this volatile. Although their survey is published on Thursdays, most of the responses are in by Monday. As such, their numbers didn
Only in Alaska do single women pay lower mortgage rates than single men, according to an analysis of the most recent HMDA data.
The post Women pay higher mortgage rates in 49 states appeared first on HousingWire.
US mortgage rates rose for the second consecutive week, hitting a six-month high, according to Freddie Mac. Freddie Mac chief economist Sam Khater said that this week’s uptick in mortgage rates is a result of growing optimism about the economy’s recovery from the pandemic. The average rates for a 30-year fixed mortgage climbed 16 basis … [Read more…]
Today’s mortgage and refinance rates Average mortgage rates nudged higher yet again yesterday. Of course, these rates remain exceptionally low by historical standards and are at dream levels for most. […]