Home Mortgage and Temporary Warehouse
Mortgage match-ups: “Mortgage rates vs. the stock market.” With all the recent stock market volatility, you may be wondering what effect such events have on mortgage rates. Do mortgage rates go up if stocks go down and vice versa? Or do they move in relative lockstep? Let’s find out! Stocks and Mortgage Rates Follow the [&hellip
The post Mortgage Rates vs. the Stock Market first appeared on The Truth About Mortgage.
Source: thetruthaboutmortgage.com
Queue the panic. Mortgage rates have officially spiked and the media is all over it. Yep, the average rate on a 30-year fixed mortgage increased from 2.65% to 2.79% this week, per Freddie Macâs weekly survey. Freddie Mac Chief Economist Sam Khater noted in the weekly news release that mortgage rates have been under pressure [&hellip
The post Donât Freak Out About the Recent Mortgage Rate âSpikeâ first appeared on The Truth About Mortgage.
Source: thetruthaboutmortgage.com
The leading wholesale mortgage lender in the nation has brought the heat once again, this time offering 30-year fixed mortgage rates below 2% on FHA loans. United Wholesale Mortgage announced that borrowers can now lock in interest rates as low as 1.99% on FHA-backed loans via its popular Conquest program. The new Conquest for FHA [&hellip
The post United Wholesale Mortgage Now Offering FHA Loans with Rates Below 2% first appeared on The Truth About Mortgage.
Source: thetruthaboutmortgage.com
If youâve yet to enter the housing market, but are thinking of buying a home in 2021, thereâs a lot you need to know. As I once pointed out, this isnât your older siblingâs housing market. Not just anyone can get a mortgage these days. You actually have to qualify. But weâll get to that [&hellip
The post Buying a Home in 2021? 11 Tips to Get It Done! first appeared on The Truth About Mortgage.
Source: thetruthaboutmortgage.com
Welp, itâll be nice to close out 2020 and look ahead to a brand-new year that hopefully features a lot less drama and much more good news. While the housing market actually absorbed both the COVID-19 pandemic and the presidential election surprisingly well, we can probably thank the record low mortgage rates for that. And [&hellip
The post 2021 Mortgage and Housing Market Predictions first appeared on The Truth About Mortgage.
Source: thetruthaboutmortgage.com
Federal Reserve Gov. Lael Brainard said regulators are seeking to “understand the potential benefits and risks” from utilizing artificial intelligence in the financial services sector.
Source: nationalmortgagenews.com
Conventional loans have a few basic property standards, but no in-depth home condition requirements. You likely want a home inspection anyway.
Source: themortgagereports.com
Conforming loan limits for 2021 rose more than 7% across the United States. Freddie Mac and Fannie Mae loans now go up to $548K in most counties.
Source: themortgagereports.com
Mortgage rates moved higher today, but only a modest pace compared to yesterday (read more about yesterday’s rate rout HERE ). Over the past two days, the average rate quote for a top tier conventional 30yr fixed loan has risen by an eighth of a percent (.125%). Yesterday accounts for essentially all of the move, making it one of only a handful of days with as much upward movement in the past few years. Is an eighth of a point a big deal? Only you can answer that. It comes out to about $7/month for every $100k in loan amount. For some, it’s not a big deal, but for others it can make or break a transaction. Either way, everyone can agree it would be a bigger deal if we were to see additional examples of similar spikes in the near future. So will we? That’s definitely possible , but not necessarily
Source: mortgagenewsdaily.com
Posted To: Pipeline Press
Nearly two weeks into 2021 already? I was just getting used to saying “2020.” Now I have to add a syllable every time. “One.” There’s continued talk of companies like Finance of America , loanDepot , SoFi , and Homepoint going public, and if Caliber and AmeriHome will after delaying things in October. Many experts are predicting another strong housing market in 2021. “Strong” can mean either lots of volume, or price appreciation. Or both. “They” are forecasting increased demand from buyers who delayed purchasing homes due to the pandemic, from existing homeowners who need larger spaces to accommodate parents working from home, children attending school virtually, and from condo owners who are seeking to escape multifamily buildings for single…(read more)
Source: mortgagenewsdaily.com