Tag: Homeloan

Posted on 04/27/2021

Student debt holders and minorities tend to purchase lower-priced homes, leading to lost wealth accumulation over time, according to a new working paper, “Mind the Gap: Home Price Differences By Race and Student Debt.” The research, which evaluates purchase price differences among home buyers from January 2014 to December 2017, was conducted by Jessica Lautz, vice president of demographics...

Firsttimehomebuyers

Housingmarket

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Posted on 03/11/2021

FAQs for First-Time Homebuyers (and a Refresher Course for Others)

Buying your first home can feel like a whirlwind. From open houses to decorating, it is a time filled with a flurry of exciting activities. But it can also be a time of uncertainty. Some of the concepts and terms associated with the home-buying process can be confusing. Having this information on hand will give you the confidence that...

Posted on 09/01/2020

From HousingWire.com:“'Conventional refinance applications fell 11 percent and government refinance applications fell 6 percent, which pushed the total refinance index to its lowest weekly level since July,' said Joel Kan, MBA’s associate vice president of economic and industry forecasting.The refinance share of mortgage activity also fell to 62.6 percent last week from 64.6% the week before, according to the...

Posted on 03/02/2020

From HousingWire.com:Low mortgage rates drove the nation’s housing market potential to a two-year high in January, according to First American.Mark Fleming, the company’s chief economist, said the market potential for existing-home sales climbed to the highest level since January 2018.Fleming primarily attributes this growth to low financing costs and rising demand fueled by Millennial homeownership.“In 2020, 4.8 million Millennials...

Posted on 01/06/2020

We’re starting the year out on a low note, and that’s a good thing! According to the Freddie Mac Primary Mortgage Market Survey, the 30-year mortgage rate averaged 3.72 percent, which is lower than this week last year when the rate reach 4.51 percent. Sam Khater, Freddie Mac’s chief economist, attributes the stability in rates to improved economic data...

Posted on 12/09/2019

Both the Mortgage Bankers Association (MBA) and Freddie Mac are predicting continued good times for the housing market! The MBA recently predicted a strong finish for the year, forecasting that 2019 will be the best year for refinance loans since 2016, and the best year for purchase home loans since 2006.Freddie Mac followed this report with more good news,...

Posted on 11/25/2019

Mortgage delinquencies are at a 25-year low, according to the Mortgage Bankers Association (MBA). The Association attributes a strong labor market to borrowers being able to pay their bills on time and reported that mortgage delinquencies dropped to 3.97 percent last quarter. This is the lowest level of home loan delinquencies since the first quarter of 1995. MBA’s Vice...

Mortgage

Mortgageupdate

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