Category Archives: Mortage/ Finance News

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Mortgage Rates Surprise By Nearing 2017 Low

Daily Real Estate News | Friday, April 07, 2017 The 30-year fixed-rate mortgage dropped lower for the third consecutive week and neared its low for 2017, Freddie Mac reports in its weekly mortgage market survey. “The 10-year Treasury yield was … Continue reading

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Millennials Want Home Equity Access

Daily Real Estate News | Tuesday, April 04, 2017 Homeowners are tapping into equity at the fastest rate in eight years, thanks to rising home prices. And millennials are leading the pack of those who are cashing in. In 2016, … Continue reading

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Mortgage Rates Got Cheaper This Week

Daily Real Estate News | Friday, March 31, 2017 For the second consecutive week, average mortgage rates fell, lowering the borrowing costs of buyers. “The 10-year Treasury yield remained relatively flat this week,” says Sean Becketti, Freddie Mac’s chief economist. … Continue reading

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Borrowers Face Higher Mortgage Rates

Daily Real Estate News | Friday, March 17, 2017 For the second consecutive week, mortgage rates were on the rise. “As expected, the [Federal Reserve’s Federal Open Market Committee] announced its first rate hike of 2017 and hinted at additional increases … Continue reading

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Mortgage Rates Move Lower This Week

Daily Real Estate News | Friday, March 03, 2017 Mortgage rates broke a monthlong holding pattern and inched lower this week. “The 10-year Treasury yield remained relatively flat this week, while the 30-year mortgage rate fell 6 basis points to … Continue reading

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FHA Strong Enough for MIP Cut, Analysis Suggests

Daily Real Estate News | Friday, February 24, 2017 Is now a good time for FHA to reduce hurdles to homeownership with a lower mortgage insurance premium? NAR says yes, but the Trump administration and some members of Congress aren’t … Continue reading

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Survey: Despite TRID, Closing Hiccups Persist

Daily Real Estate News | Friday, February 17, 2017 More than half of lenders last year gave loan estimates to home buyers that later had to be revised before closing, according to a new survey released by ClosingCorp, a provider … Continue reading

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The Big Down Payment Myth

Daily Real Estate News | Wednesday, February 15, 2017 Having the spare capital to put 20 percent down on a home purchase is great, but it’s certainly not the norm. Still, many people think it is and that belief may … Continue reading

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Lenders Aim for 21-Day Closing Window

Daily Real Estate News | Friday, January 13, 2017 In an era of bloated closing times, some lenders are looking to quicken the pace it takes to get a buyer to the settlement table. Some lenders are retooling operations and … Continue reading

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