Mortgage Industry News

A collection of Mortgage latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

businessinsider.com - Molly Grace - BMO Mortgage Review 2024
BMO Mortgage Review 2024
Business Insider

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product…

bbc.co.uk - Kevin Peachey - Mortgage competition hots up as interest rates decision looms - BBC News
Mortgage competition hots up as interest rates decision looms - BBC News
BBC

Competition between mortgage lenders has intensified ahead of a key decision on interest rates by the Bank of England. A host of lenders have made reductions to the cost of new fixed-rate mortgages in recent days. Brokers expect further cuts to…

seekingalpha.com - ADS Analytics - The New 9.125% Bond From Mortgage REIT New York Mortgage Trust (NASDAQ:NYMTI)
The New 9.125% Bond From Mortgage REIT New York Mortgage Trust (NASDAQ:NYMTI)
Seeking Alpha

In this article we take a look at the mortgage REIT New York Mortgage Trust (NYMT). Specifically, we discuss the company's strategy shift as well as highlight its new bond issue - the 9.125% 2029 bond (NASDAQ: NYMTI). We view the bond as very…

businessinsider.com - Molly Grace - Mortgage Interest Rates Today, July 13, 2024 | Rates Dip as Multiple Fed Cuts Become More Likely
Mortgage Interest Rates Today, July 13, 2024 | Rates Dip as Multiple Fed Cuts Become More Likely
Business Insider

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product…

cbsnews.com - Matt Richardson - 3 smart mortgage rate moves to make with inflation cooling
3 smart mortgage rate moves to make with inflation cooling
CBS News

News this week that the inflation rate dropped again in June – the third consecutive month when it did so – was welcome for millions of Americans, but perhaps most so for homebuyers. Those looking to buy a home in recent years have…

seekingalpha.com - American Institute For Economic Research - Mortgage Rates Are Likely To Decline In The Near Future
Mortgage Rates Are Likely To Decline In The Near Future
Seeking Alpha

Anyone shopping for a house can attest that mortgage rates remain high in the U.S. In June 2024, the 30-year fixed rate mortgage rate was around 6.9 percent. For comparison, it was around 3.6 percent in January 2019, just prior to the pandemic.

cbsnews.com - Jake Safane - When does a no-down-payment mortgage make sense? Experts weigh in
When does a no-down-payment mortgage make sense? Experts weigh in
CBS News

Between rising home prices and today's high mortgage rates, buying a home has gotten very expensive. 'Today's home affordability is the worst we've seen since the early '80s,' says Neil Christiansen, branch manager and certified mortgage advisor at…

lifehacker.com - Meredith Dietz - Here's What Happens When You Miss a Mortgage Payment
Here's What Happens When You Miss a Mortgage Payment
Lifehacker

Missing a mortgage payment can be a stressful and potentially costly situation. If you're struggling to make your monthly mortgage payments, understanding the consequences and knowing how to navigate this challenge is crucial for homeowners. If you…

bhg.com - Aksha Mittapalli - Zombie Mortgages Are Haunting Homeowners-Here's What to Know If You're One of Them
Zombie Mortgages Are Haunting Homeowners-Here's What to Know If You're One of Them
Better Homes & Gardens

Buying a house is likely the biggest and most important purchase you'll make in your life. Unfortunately, most people can't afford to accomplish this long-standing goal these days —mortgage rates have been soaring since 2020, and taking out…

express.co.uk - Rory Poulter - Labour's minimum wage increase 'threatens higher mortgages for millions'
Labour's minimum wage increase 'threatens higher mortgages for millions'
Express.co.uk

High Street banking giant HSBC has predicted Labour plans to raise the minimum wage could lead to interest rates being higher in the long term. Separately, City experts believe Taylor Swift's 10 UK concerts in June could have driven up inflation…

theepochtimes.com - Jana J. Pruet - Average 30-Year Mortgage Rate Dips Slightly
Average 30-Year Mortgage Rate Dips Slightly
The Epoch Times

The average rate on new 30-year fixed-rate mortgage loans dropped slightly for the week ending July 11, bringing modest relief to buyers facing record-high home prices. Mortgage buyer Freddie Mac said the interest rate fell to 6.89 percent, down…

foxbusiness.com - Christopher Murray - Home prices hit another high, mortgage rates fall slightly: Freddie Mac
Home prices hit another high, mortgage rates fall slightly: Freddie Mac
Fox Business

Mortgage rates continued their wave-like fluctuations, dropping slightly from last week when rates averaged closer to 7%. A 30-year, fixed-rate mortgage averaged interest rates of 6.89% as of July 11, Freddie Mac reported. Rates currently average…

foxbusiness.com - Angela Mae - Today's mortgage rates plummet for 15- and 30-year terms | July 12, 2024
Today's mortgage rates plummet for 15- and 30-year terms | July 12, 2024
Fox Business

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as 'Credible' below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders, all opinions are…

fastcompany.com - Lance Lambert - Housing analyst who predicted the 2008 home price crash weighs in on the current market
Housing analyst who predicted the 2008 home price crash weighs in on the current market
Fast Company

Want more stories from Lance Lambert's ResiClub in your inbox? Subscribe to the free, daily ResiClub newsletter. Years before the housing bubble burst in 2008, housing analyst Bill McBride began chronicling the troubles in the U.S. housing market…

housingwire.com - Flávia Furlan Nunes - Q2 mortgage volumes improve at Wells Fargo, JPMorgan and Citi
Q2 mortgage volumes improve at Wells Fargo, JPMorgan and Citi
HousingWire

Wells Fargo, JPMorgan Chase and Citi opened the second-quarter earnings season in the mortgage space on Friday by showing strong increases in sales volumes from April to June compared to the previous quarter. But it was not enough to bring home…

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