Mortgage Industry News

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

financialpost.com - Barbara Shecter - Tougher mortgage stress tests could push homebuyers to credit unions
Tougher mortgage stress tests could push homebuyers to credit unions
Financial Post

There's a multi-million-dollar corner of Canada's financial system where a stringent “stress test” imposed by the Office of the Superintendent of Financial Services was never adopted. It's already attracting homeowners seeking an…

standard.co.uk - Charlotte Duck - Mortgage clinic: 'How much could I borrow to buy a rental property?'
Mortgage clinic: 'How much could I borrow to buy a rental property?'
Evening Standard

J ulie Ford, 46, is a consultant for the private rented sector who wants to invest in a buy-to-let property herself. She currently rents a three-bedroom house in Clifton, Bedfordshire, with her partner but would be buying the property as a…

housingwire.com - Sarah Wheeler - Homebuilders still need lower mortgage rates
Homebuilders still need lower mortgage rates
HousingWire

What is happening with homebuilders and the new home sales sector as we head into the spring housing market ? We have had some conflicting data points recently. On the one hand, cancelation rates have been rising. On the other hand, mortgage rates…

nj.com - Katherine Rodriguez | NJ Advance Media for NJ.com - Today's mortgage rates for January 27, 2023
Today's mortgage rates for January 27, 2023
nj

Looking for the most up-to-date mortgage rates to empower your purchasing or refinancing decisions? We've got you covered. Here, you can view today's mortgage interest rates, updated daily according to data from Bankrate, so you can have the most…

inews.co.uk - Paul Waugh - Homeowners with rocketing mortgages don't want to hear from Liz Truss
Homeowners with rocketing mortgages don't want to hear from Liz Truss
inews.co.uk

Whether intentionally or unintentionally, Boris Johnson certainly has a gift for grabbing a headline. From his surprise trip to Ukraine to fresh revelations about his close relationship with the BBC chairman Richard Sharp, the former Prime…

financialpost.com - Special to Financial Post - The pros and cons of a reverse mortgage to help pay off your debts
The pros and cons of a reverse mortgage to help pay off your debts
Financial Post

Are you running out of retirement savings? Do you have a lot of debt, but your monthly income is too low to afford the payments? Or maybe you own your own home and want to access the equity. If you're 55 or older, a reverse mortgage might seem like…

marketwatch.com - Aarthi Swaminathan - U.S. pending home sales rise 2.5% in December. Realtors say the housing market is in recovery mode.
U.S. pending home sales rise 2.5% in December. Realtors say the housing market is in recovery mode.
MarketWatch

The numbers: U.S. pending-home sales rose 2.5% in November, reversing a six-month losing streak, according to the monthly index released Friday by the National Association of Realtors (NAR). Pending home sales were down for six months in a row, as…

businessinsider.com - Matthew Fox - Lumber prices soar 13% as the housing market shows signs of a rebound
Lumber prices soar 13% as the housing market shows signs of a rebound
Business Insider

Lumber futures soared 13% on Friday as the housing market finally shows some signs of life. Pending home sales unexpectedly jumped 2.5% in December, its largest growth since October 2021. The average 30-year mortgage rate has steadily trended lower…

housingwire.com - Flávia Furlan Nunes - Top Fairway LO Dave Medina decamps for Movement Mortgage to spread his wings
Top Fairway LO Dave Medina decamps for Movement Mortgage to spread his wings
HousingWire

Top-producing loan officer Dave Medina and his team at the Temecula, California-based branch have left ​​ Fairway Independent Mortgage to join Movement Mortgage. The move, which marks the start of Movement's branch partnership…

theglobeandmail.com - David Leeder - Market movers: Stocks seeing action on Friday - and why
Market movers: Stocks seeing action on Friday - and why
The Globe and Mail

Please log in to bookmark this story. Create Free Account A look at North American equities heading in both directions American Express Co. (AXP-N) forecast full-year profit above Wall Street estimate on Friday, as the U.S. credit card company…

nationalmortgagenews.com - Maria Volkova - American Pacific Mortgage eyes further expansion
American Pacific Mortgage eyes further expansion
National Mortgage News

California-based American Pacific Mortgage continues to expand its market footprint, announcing Thursday an asset purchase of Lend Smart Mortgage, LLC Minnesota-based Lend Smart Mortgage has close to 30 branches nationwide, with its presence mainly…

cnbc.com - Kate Dore, CFP® - Rent prices have dropped the most in these 5 U.S. metros. Why it's cheaper to rent than buy in many markets
Rent prices have dropped the most in these 5 U.S. metros. Why it's cheaper to rent than buy in many markets
CNBC

Despite rising U.S. rental prices, competition is easing in some markets as inventory grows, according to a new report. At the end of the second half of 2022, the median U.S. rent was $2,305, a nearly 6% decline compared to the close of the first…

businessinsider.com - Molly Grace - Today's Mortgage and Refinance Rates: January 27, 2023 | Rates Dropped Again This Week
Today's Mortgage and Refinance Rates: January 27, 2023 | Rates Dropped Again This Week
Business Insider

Insider's experts choose the best products and services to help make smart decisions with your money (here's how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this…

reuters.com - John O'Donnell - Rising interest rates have a sting in the tail for Europe's banks
Rising interest rates have a sting in the tail for Europe's banks
Reuters

LONDON/FRANKFURT, Jan 27 (Reuters) - Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of rock-bottom interest rates as the U.S.

straitstimes.com - Homeowners facing 'double whammy' of higher home prices and rising mortgage rates: DPM Heng
Homeowners facing 'double whammy' of higher home prices and rising mortgage rates: DPM Heng
The Straits Times

SINGAPORE - Homeowners are facing the double whammy of higher home prices and rising mortgage rates, even after two rounds of property cooling measures in place, Deputy Prime Minister Heng Swee Keat said at the Real Estate Developers' Association…

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