“We see a little bit of pickup but not like you normally would because of seasonality,” Overfelt added. If rates continue to drop, some LOs expect a small ‘bump’ in cash-out refis... Read more »
FHA mortgage rates are typically higher than conventional mortgage rates, but they can be a good option for borrowers with lower credit scores or smaller down payments. The minimum credit score for... Read more »
Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. The bank received Matter... Read more »
Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation. 2022 was a historic year for housing as we had the most significant... Read more »
Mortgage rates continued their downward trajectory this week as the 10-year Treasury yield dropped below 4.2% for the first time since September, according to new data from Freddie Mac. The 30-year, fixed... Read more »
CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. The... Read more »
The mortgage landscape in the United States is experiencing a significant shift as the contract rate on a 30-year fixed mortgage recently hit a four-month low, standing at 7.17% in the week... Read more »
Mortgage rates are influenced by many factors, such as the supply and demand of housing, the economic conditions, the monetary policy, and the expectations of the market. It is hard to predict... Read more »
When individual mortgages are originated by lenders like banks or credit unions, they maybundle groups of these mortgages together into financial vehicles called mortgage-backedsecurities (MBS) that are then sold to investors on... Read more »
Freddie Mac rolled out standardized subordinate lien documents for subordinate mortgages offered by down payment assistance (DPA) providers to facilitate easier and greater use of DPA program. Historically, subordinate-lien documents for various... Read more »