As experts predicted, mortgage rates are increasing. In order to understand what this means for you, it's important to first know why rates are projected to increase. At the end of February, mortgage rates hit well over three percent. What is happening?...
As of September 2020, CNBC reported that 26 percent of Americans took advantage of payment deferment plans. As of late, almost 4 million homeowners have left the home mortgage forbearance program....
After a historic year for the mortgage industry and high demand, a positive outlook for 2021 real estate remains. There are many factors to consider, and as Money.com says, expect the unexpected....
Both the FHFA and FHA announced loan limits will be increasing starting first of the year. What does this new limit mean for prospective home buyers and home owners?...
According to the Mortgage Bankers Association, there was an increase in mortgage applications to a 1.7 percent gain from the previous week, after consecutive declines. Positive mortgage activity plays into the surge of expensive home sales in the third quarter at a 41.5 percent increase....
The housing market has seen stable recovery, but a flood of foreclosures to hit the industry is in anticipation of 2021. About one-third of all Americans...
What is home equity and why do I need it? This is a common question, but an important one. Building equity is a large part of owning a home because it can build wealth over time. ...
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....
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