FHFA Drops a Bomb; Your Refi Just Got Much More Expensive! -Mortgage Daily News In what can only be described as a cash grab, Fannie and Freddie's regulator just announced a new tax on refinances. Granted, it's not technically a tax,…
Mortgage applications rise as loan demand remains strong. Glenn McCullom Mortgage applications increased 4.1% from one week earlier as consumers continued to pursue both purchases and refinancings even as conforming rates rose from their record lows, according to the…
The market has for the most part taken a nose dive the past 24-48 hours. We have seen rates on some programs go up almost a half point! There are so many varying opinions out there that it’s hard to…
THE FED RATE CUT HAS NOTHING TO DO WITH MORTGAGE RATES MBS Commentary | 12:28PM By: Matthew GrahamThe Fed announced an emergency rate cut of 50bps today (0.50%). Great! So your mortgage rate could be 0.5% lower, right?WRONG!And to…
New analysis: Spring homebuying season may be the last affordable one for some time. Aly J. Yale The Mortgage Reports Contributor February 10, 2020 - 1 min read If you’re looking to buy a home this year,…
Aly J. Yale The Mortgage Reports Contributor Rents rise again, especially on lower-priced properties Single-family rents continued their upward climb last month, notching a 3.1 percent jump over a year prior. According to new data, the spike was worse on the…
How hard is your Loan Officer working for You? In what appears to be a simple question, once you gain a little more knowledge it’s actually a very complex one. The reason is simple: Either your loan officer is simply…
A look back: What October meant for the housing market Aly J. Yale The Mortgage Reports Contributor November 4, 2019 - 1 min read An up and down housing market What did October do for the U.S. housing market? According to…
Survey says: Homeowners want to refinance — and it could save them $44,000 or more. Aly J. Yale The Mortgage Reports Contributor September 24, 2019 - 3 min read In August, refinance activity was up by 458 percent Mortgage rates have dropped…
BY: MATTHEW GRAHAM Mortgage Rates have generally been moving sideways for the past 2 weeks. This has accomplished a twofold goal of coming to terms with the strong gains seen in May as well as preparing for tomorrow's hotly-anticipated announcement from…
