Mortgage Industry News
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Mortgage demand from homebuyers spikes 28%, and the average loan amount sets a record high
Published Wed, Dec 2 2020 7:00 AM EST Mortgage applications to purchase a home jumped 9% last week from the previous week and were 28% higher annually, according to the Mortgage Bankers Association. Applications to refinance a home loan fell 5% for…
A New Mortgage Refinancing Fee Begins Today. Here's What You Should Know
Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Record-low mortgage rates mean there has never been a better time to refinance your home loan.
Today's best mortgage and refinance rates: Wednesday, December 2, 2020
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always…
Renting? You're Still Paying a Mortgage…Just Not Your Own
Written by David Reed Posted On Monday, 30 November 2020 00:00 For those who invest in real estate, cash flow is king. Investors considering buying a rental property take into account how much rent can be charged compared to ownership costs. Those…
Opinion | What's Between 30 Million Americans and an Eviction Tsunami?
We've all been so concerned about the transition on Jan. 20 that many of us have forgotten another critical date for American democracy: Dec. 31. That's when the federal eviction moratorium — which has held the pandemic-related eviction…
Flagstar Bank to back trio of mortgage-tech startups
Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal, Stavvy and Real Key are the latest initiates to the companies' ongoing MortgageTech Accelerator program. This marks the second round of startups to…
Buying a home in Greater Boston isn't likely to get much easier in 2021
By Globe Staff,Updated December 2, 2020, 18 minutes ago Houses have been selling fast in the Boston area as more buyers seek larger spaces. SAUL LOEB/AFP via Getty Images If you thought 2020 was a tough year to buy a house, well, don't count on…
U.K.'s Hot Housing Market Highlights Covid's Two-Speed Economy
Few places expose the uneven economic impact of the U.K.'s Covid crisis more clearly than the property market. House prices have surged to new records and mortgage approvals are at the highest level since before the financial crisis as the affluent…
Here Are Today's Mortgage Rates, December 2, 2020 | Benchmark Rates Varied | NextAdvisor with TIME
Mortgage rates had no specific trajectory today. The average interest rate for a 30-year fixed mortgage was unchanged, however 15-year fixed-rate mortgages saw average rates drop. At the same time, average rates for 5/1 adjustable-rate mortgages…
Partial Retirement: An Inevitable Trend That Needs Support
People are living longer but they are not increasing the accumulated wealth needed to support a longer life of retirement. On the contrary, the swing from defined benefit to defined contribution pension plans has increased the population of those…
Current Mortgage Refinance Rates, December 2, 2020 | Rates Tick Lower | NextAdvisor with TIME
Today a few benchmark refinance rates went down. Both 15-year fixed and 30-year fixed refinances saw their mean rates slump. In addition, the average rate on 10-year fixed refinance also sank. Mortgage refinance rates are constantly changing.
Share of mortgage loans in forbearance ticks up for second week
Rising home prices take a toll on pending home sales U.S pending homes sale fell 1.1% in October – the second consecutive month the index has fallen as affordability strains the market, according to NAR. What's next for Rocket Pro TPO?
Release of PPP loan recipients data reveals troubling patterns
Following months of litigation between the Small Business Administration and news organizations seeking data about who benefited from pandemic relief programs, the agency on Tuesday night released a sweeping dataset of every small business that…
Flagstar backs mortgage fintechs that may help address capacity issues
Flagstar Bank's latest mortgage accelerator program is supporting technologies that predict the likelihood of home-loan approval for borrowers, automate document processing and analysis, and manage vendor interactions in the closing process. As a…
Mortgage rates historically low but you'll have to wait longer to close
RALEIGH, N.C. (WTVD) -- If the lure of low interest rates on mortgages has you ready to jump into the market or just to refinance, you'll need to exercise patience. This week, rates dipped as low as 2.5% on a 30-year fixed rate loan. With rates at…
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