Demand saw 25 percent above ‘pre-pandemic levels’ as eager buyers entered the summer market during state re-openings. Redfin reported that purchase applications for mortgages had a nine-week consecutive gain by the end of June, making it the highest it’s been in 11 years...
Plenty has changed in 2020. In the financial world, recent pandemic limitations pushed digitization to meet the high demand for continuing existing and new transactions; in fact, 82 percent of financial institutes expect to increase their use of technology....
Home equity is a leading factor in the housing market. Currently, homeowners today have more value in their homes, than what they owe....
The conditions were set for a very competitive housing market. Mortgage rates, housing inventory and unemployment rates were all at record lows. And then COVID-19 changed everything. ...
A lot has happened this week since the coronavirus (COVID-19) outbreak turned pandemic. There's plenty of commotion going around due to uncertainty of how things will pan out. How does something like the COVID-19 have any relevance to the real estate and mortgage industries?...
It was just announced that coming this summer, FICO will be changing the formula for how credit scores are calculated. With about 90 percent ...
The new decade is in full force and the industry already has new shifts in place and emerging new trends. What do the...
Just before the end of November, the Federal Housing Finance Agency (FHFA) announced new maximums for 2020 conforming loan limits on mortgages...
Buyers aren't the only ones who can benefit from low mortgage rates. Homeowners can also take advantage. Whether 'to refinance or not?' is a common question when mortgage rates are low....
Interest rates continue to drop, mortgages are holding a historical low, wage growth is slowly increasing while unemployment percentages remain low, consumerism is healthy and the economy is at a strong point – the housing market is booming! Except, it isn’t.So what’s the deal? ...
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