Mortgage Industry News

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

cbc.ca - Jason Proctor - Half-billion dollar unregistered B.C. 'shadow' mortgage broker says he just met demand
Half-billion dollar unregistered B.C. 'shadow' mortgage broker says he just met demand
CBC

Share on Facebook Share on Twitter Share by Email A so-called unregistered 'shadow' mortgage broker responsible for securing more than half a billion dollars' worth of home financing through the use of altered tax and bank documents says there will…

wsj.com - Orla McCaffrey - Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season
Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season
Wall Street Journal

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 average rate on the 30-year fixed-rate mortgage rose to 2.81% in the…

bloomberg.com - Farnoosh Torabi - The Opportunity Costs of Paying Off Your Mortgage Early
The Opportunity Costs of Paying Off Your Mortgage Early
Bloomberg

The housing market has been on a tear in the last year. New home sales reached a 14-year record, as the pandemic and incredibly low interest rates led to a buying frenzy. The trend is continuing into 2021 with the National Association of Realtors…

cnbc.com - Diana Olick - Weekly mortgage application volume drops 11% as rates spike and Texas power outages hurt demand
Weekly mortgage application volume drops 11% as rates spike and Texas power outages hurt demand
CNBC

Published Wed, Feb 24 2021 7:00 AM EST Updated Wed, Feb 24 2021 7:00 AM EST Total mortgage application volume fell 11.4% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The average…

wsj.com - Katy McLaughlin - Should Retirees Pay Off Their Mortgage or Invest the Money? It Depends on the Math
Should Retirees Pay Off Their Mortgage or Invest the Money? It Depends on the Math
Wall Street Journal

These days, if you want to pay off your mortgage when you retire, you're going to take a lot of flak. That is because mortgage rates are currently at whistle-inspiring lows—the average rate across 30-year fixed loans in December was 2.93%…

theglobeandmail.com - The Canadian Press - CMHC says majority of mortgage deferrals have ended, risk of arrears could re-emerge
CMHC says majority of mortgage deferrals have ended, risk of arrears could re-emerge
The Globe and Mail

Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but the Canada Mortgage and Housing Corp. says the risk of these borrowers falling into arrears could re-emerge. The federal housing agency says in a…

bloomberg.com - Christopher Maloney - Mortgage Refinancing Applications Drop to Continue, Brean Says
Mortgage Refinancing Applications Drop to Continue, Brean Says
Bloomberg

Refinance applications down 11% compared to previous week Winter storm, holiday were main drivers of latest drop: Brean The double-digit decline in U.S. mortgage refinance applications reported by the Mortgage Bankers Association is due mostly to…

businessinsider.com - Ryan Wangman - Today's mortgage and refinance rates: February 24, 2021 | Rates rise
Today's mortgage and refinance rates: February 24, 2021 | Rates rise
Business Insider

Since last Wednesday, most mortgage and refinance rates have ticked up. Overall, rates are still at historic lows. Mat Ishbia, CEO of United Wholesale Mortgage, told Insider that you're probably going to get a preferable deal with a fixed-rate…

telegraph.co.uk - Sam Benstead - Scottish Mortgage slump offers rare chance to buy shares at discount
Scottish Mortgage slump offers rare chance to buy shares at discount
The Telegraph

Shares in Britain's largest investment trust have fallen sharply to a rare discount to the value of the stocks it holds, presenting a buying opportunity for long-term investors, according to experts. Enjoy unlimited access to all articles Get…

cnbc.com - Greg Iacurci - Biden administration may undo certain Trump-era mortgage rules
Biden administration may undo certain Trump-era mortgage rules
CNBC

Published Wed, Feb 24 2021 2:43 PM EST The Consumer Financial Protection Bureau issued a statement Tuesday saying it may reconsider mortgage standards (the General QM and Seasoned QM rules). The CFPB issued the rules in December, when Kathy…

buzzfeed.com - alexgurley - Netflix Has A New Show About Choosing Between A 'Marriage Or Mortgage' And I Don't Know What To Think
Netflix Has A New Show About Choosing Between A 'Marriage Or Mortgage' And I Don't Know What To Think
BuzzFeed

Netflix / Via youtube.com Or if you're like me, you're not sure how you're going to afford either. Netflix / Via youtube.com 'The best part of being a wedding planner is being able to create these huge moments for my couples,' Sarah says in the…

therealdeal.com - Alison Bushor - Texas Storm Freezes Residential Home Mortgage Market
Texas Storm Freezes Residential Home Mortgage Market
The Real Deal

BY ERIN HUDSON FEB 24, 2021 7:00 AM The snow storm in Texas froze the nation's mortgage market last week. The state saw a 40 percent decline in applications for purchase and refinance mortgages last week, dragging down the national volume of…

money.com - Leslie Cook - Today's Mortgage Rates Keep Climbing | February 24, 2021
Today's Mortgage Rates Keep Climbing | February 24, 2021
Money

The Federal Reserve. The Fed took swift action when the pandemic hit the United States in March of 2020. The Fed announced plans to keep money moving through the economy by dropping the short-term Federal Fund interest rate to between 0% and 0.25%…

businessinsider.com - Laura Grace Tarpley, CEPF - Today's mortgage and refinance rates in Arizona
Today's mortgage and refinance rates in Arizona
Business Insider

According to Zillow, the typical home value in Arizona is above the US national typical price of $269,039. The typical home value in Arizona is $315,554, and home values have increased 16.5% over the past year. You can get financial assistance from…

businessinsider.com - Laura Grace Tarpley, CEPF - Today's mortgage and refinance rates in Arkansas
Today's mortgage and refinance rates in Arkansas
Business Insider

According to Zillow, the typical home value in Arkansas is lower than the US national typical value of $269,039. The typical home value in Arkansas is $142,070, and home values have increased 6.7% over the past year. The Arkansas Development…

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