Mortgage Industry News

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

nytimes.com - Sam Roberts - Gene Freidman, 'Taxi King' Who Upended His Industry, Dies at 50
Gene Freidman, 'Taxi King' Who Upended His Industry, Dies at 50
The New York Times

Gene Freidman, a cabdriver's son who schemed his way to become the nation's biggest taxi mogul and came to personify both the inflated ascent of the industry in New York City and its crushing financial collapse, died on Sunday in Manhattan. He was…

dailymail.co.uk - Stephen Johnson - The suburbs where it doesn't take long to raise house mortgage deposit
The suburbs where it doesn't take long to raise house mortgage deposit
Mail Online

Houses are still available for less than $200,000 in parts of regional Australia Worker on average, full-time salary of $90,300 can save for deposit in two years Median prices still affordable in pockets of Queensland, Tasmania, far west NSW…

cnn.com - Jennifer Yellin - How to refinance your mortgage | CNN Underscored
How to refinance your mortgage | CNN Underscored
CNN

(CNN) — While the historic low mortgage rates we saw in 2020 appear to be gone, the 30-year fixed rate mortgage is still hovering a little above 3%, which means it's not too late to lock in a lower monthly mortgage payment for potentially…

dailymail.co.uk - Stephen Johnson - The ridiculous time it takes to save for mortgage deposit in Australia
The ridiculous time it takes to save for mortgage deposit in Australia
Mail Online

Credit ratings agency Moody's Investors Service worried about affordability Sydney's median house price rose by 28.9 per cent in a year to $1.312million Someone earning average salary of $90,329 would take 14 years to save deposit Australian real…

express.co.uk - Phoebe Cornish - Mortgage rates: How to lock in your mortgage and secure low rates before they rise
Mortgage rates: How to lock in your mortgage and secure low rates before they rise
Express.co.uk

A booming property market has led to ‘rock-bottom' mortgage rates since the start of the pandemic, though a recent announcement from the Bank of England 's governor has sparked fears this will soon end. Money Saving Expert Martin Lewis has…

time.com - Current Mortgage Interest Rates, October 25, 2021 | Rates Climbed | NextAdvisor with TIME
Current Mortgage Interest Rates, October 25, 2021 | Rates Climbed | NextAdvisor with TIME
Time

A number of principal mortgage rates all crept higher today. Both 30-year fixed and 15-year fixed mortgage rates inched upward. We also saw no change in the average rate of 5/1 adjustable-rate mortgages (ARM). The average 30-year fixed-rate…

time.com - Current Mortgage Refinance Rates, October 25, 2021 | Rates Rise | NextAdvisor with TIME
Current Mortgage Refinance Rates, October 25, 2021 | Rates Rise | NextAdvisor with TIME
Time

Today, multiple notable mortgage refinance rates moved higher. Both the 15-year fixed and 30-year fixed saw their mean rates rise. The average rate on 10-year fixed refinance mortgages also increased. Refinancing rates are constantly changing.

nationalmemo.com - Alex Henderson - More Than Your Mortgage': Coal Fuels Skyrocketing Electric Cost In West Virginia
More Than Your Mortgage': Coal Fuels Skyrocketing Electric Cost In West Virginia
National Memo

Reprinted with permission from Alternet Centrist Democratic Sen. Joe Manchin, not unlike former President Donald Trump, has been unwavering in his support of fossil fuels — which he obviously believes plays well with West Virginia voters.

time.com - Mortgage Rates Hit a New 6-Month High of 3.22%. 6 Ways a Refinance Can Still Make Sense
Mortgage Rates Hit a New 6-Month High of 3.22%. 6 Ways a Refinance Can Still Make Sense
Time

Last week, the average 30-year fixed-rate mortgage rose slightly by 0.01% to 3.22%—a six-month high for this interest rate benchmark. The slow rate increase aligns with what experts predict for late 2021. Mortgage rates are still favorable…

express.co.uk - Rebekah Evans - Rishi Sunak faces 'moment of truth' to issue mortgage support - 'now is the time!'
Rishi Sunak faces 'moment of truth' to issue mortgage support - 'now is the time!'
Express.co.uk

Mortgages, the executive has argued, must be on the agenda in the Chancellor's upcoming statement - which is set to address a number of important financial issues.When speaking exclusively to Express.co.uk, Matt Coulson, Founder and Director of…

postintrend.com - Ankita Dixit - Bubble watch: California home prices 10%-14% too high
Bubble watch: California home prices 10%-14% too high
PostInTrend

“ Bubble Watch ” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: California home prices were 10% to 14% too high in the spring, by one Wall Street analysis. Source: Fitch Ratings' quarterly…

money.com - Leslie Cook - Daily Average Mortgage Rates Near 3.6% | October 25, 2021
Daily Average Mortgage Rates Near 3.6% | October 25, 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%…

forbes.com - Miriam Moore - Council Post: U.S. Housing Supply: Obstacles And Opportunities
Council Post: U.S. Housing Supply: Obstacles And Opportunities
Forbes

Miriam Moore is the President of Default Services at ServiceLink, a provider of transaction services to the mortgage and finance industries. The housing supply in the U.S. has been closely monitored for decades. There have been ebbs and flows, but…

independent.co.uk - Vicky Shaw - Housing market 'set to record its strongest year since 2007'
Housing market 'set to record its strongest year since 2007'
The Independent

Please enter a valid email address Please enter a valid email address I would like to be emailed about offers, events and updates from The Independent. Read our privacy notice The housing market is set to record its highest level of sales this year…

theguardian.com - Kalyeena Makortoff - Why are UK banks making so much money and why are their taxes being cut?
Why are UK banks making so much money and why are their taxes being cut?
The Guardian

UK banks have so far reported bumper profit rises in the third quarter, which they say reflects improving economic forecasts. Other sectors do not seem to be reaping the same benefits, particularly in light of the uncertainty linked to the Covid…

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