Mortgage News

Aug. 3, 2022

Mortgage Rates Rebounding Aggressively | 8-3-2022

Mortgage Rates Rebounding Aggessively

 

 

Mortgage Rates Rebounding Aggressively

 

Rates Rebounding Aggressively After Hitting Lowest Levels Since April All of the above is a product of the same environment where the underlying mortgage bond market is making it much easier for rates to make big moves. Unique market ...

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Posted in Mortgage News
May 14, 2022

Mortgage Purchase Volume Has Another Strong Week

Mortgage Purchase Volume Has Another Strong Week

 

 

Purchase Volume Has Another Strong Week Mortgage application volume continued its recovery last week driven by a second strong increase in purchasing activity. The seasonally adjusted Purchase Index increased 5 percent on both a seasonally adjusted and an unadjusted basis. "Despite ...

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Posted in Mortgage News
May 4, 2022

Fed raises interest rates by 0.50%, largest move since 2000

Fed Raises Interest Rates by 0.50%

Largest move since 2000

 

 

Fed raises interest rates by 0.50%, largest move since 2000

 

Fed raises interest rates by 0.50%, largest move since 2000 Fed raises rates by 50 basis points, will begin shrinking balance sheet June 1 ...

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Posted in Mortgage News
May 4, 2022

40% More Income Needed To Afford Home In The Sunbelt

40% More Income Needed To Afford Home In The Sunbelt

 

 

40% More Income Needed To Afford Home In The Sunbelt

 

Pandemic Homebuyers Flocked to the Sun Belt for Better Prices. Now, You’ll Need 40% More Income to Afford a Home There. Homes are much less affordable than ...

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Posted in Mortgage News
May 2, 2022

30 Year Fixed Mortgage Rates Now Over 5.5%

30 Year Mortgage Rates Now Over 5.5%

 

 

 

30 Year Fixed Mortgage Rates Now Over 5.5%

 

30yr Fixed Mortgage Rates Now Over 5.5% The hits keep coming for mortgage rates in 2022. Not since the early 80s have rates risen as quickly as they ...

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Posted in Mortgage News
April 13, 2022

Mortgage Delinquencies Rose For First Time In 9 Months

Mortgage Delinquencies Rose For First Time In 9 Months

 

 

Mortgage Delinquencies Rose For First Time In 9 Months

 

Mortgage delinquencies rose for the first time in 9 months. Here’s what that means for the housing market. More homeowners are late on their mortgage payments. Indeed, in February ...

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Posted in Mortgage News
April 13, 2022

How Much Income Do Homebuyer's Need

How Much Income Do Homebuyer's Need

 

 

 

How Much Income Do Homebuyers Need?

 

How much income do homebuyers usually come to the table with? The median household income in America is about $68,000, according to the Census Bureau — but that may not be enough ...

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Posted in Mortgage News
March 28, 2022

Mortgage Rates Flirt With 5%

Mortgage Rates Flirt With 5%

 

 

 

Mortgage Rates Flirt With 5%

Uneventful Start This Week as Rates Flirt With 5% Last week's big news was the rapid jump in rates. In fact, it was right in line with the worst week in decades in terms of the ...

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Posted in Mortgage News
March 15, 2022

Mortgage Rates Explode

Mortgage Rates Explode

 

 

Mortgage Rates Explode Higher!

 

Mortgage Rates Explode Higher. Anything Quoted Before Right Now is LONG Gone If you received a mortgage rate quote any time in the past few days or weeks, unless it was at the end of the business day on Monday ...

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Posted in Mortgage News
Feb. 14, 2022

Investor Cash Flow Loans Are Back

Investor Cash Flow Loans Are Back

 

Investor Cash Flow Loan Slide Show

 

Investor Cash Flow Loan Transcription:

Good morning. My name is Brenden Rendo and I'm with The Homes in Orlando Team at NextHome Neighborhood Realty. And again this is my associate, Jospeh Dionne of Appli Home ...

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Posted in Mortgage News