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Mortgage Demand Slips Again Over Labor Day Weekend

Mortgage Demand Slips Again Over Labor Day Weekend

Saturday, 17 September 2022
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Across both refinances and home purchases, demand for mortgages has continued its downward trend, according to the Mortgage Bankers Association. Read more...
Mortgage Rates Climb Above 6% for First Time Since 2008

Mortgage Rates Climb Above 6% for First Time Since 2008

Saturday, 17 September 2022
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Persistent inflation has led long-term U.S. interest rates to a peak unseen since the housing crisis. So reports CNN. Read more...
Bodnar of MMG: A Big Development, A Big Week Ahead

Bodnar of MMG: A Big Development, A Big Week Ahead

Saturday, 17 September 2022
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"The 10-yr Note yield approached an important ceiling of resistance," says Bill Bodnar of the Mortgage Market Guide (MMG). "In the coming week the Fed may determine which side of this important level rates will resides. This is a big moment for mortgage and housing." Read more...
'Zero-Down' Mortgages Spread as Banks Eye Racial Inequity

'Zero-Down' Mortgages Spread as Banks Eye Racial Inequity

Saturday, 10 September 2022
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“Zero down payment” mortgages have been proliferating recently, as lenders including Bank of America, JPMorgan Chase and TD Bank offer such programs amid efforts to address racial inequity. So reports Axios. Read more...
Mortgage Demand Is Down 23% from a Year Ago: MBA

Mortgage Demand Is Down 23% from a Year Ago: MBA

Saturday, 10 September 2022
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According to the Mortgage Brokers Association’s seasonally adjusted index, mortgage loan applications fell 23% year-over-year for the week ending September 2. So reports USA Today. Read more...
Rocket Mortgage, UWM Lift Conforming Loan Limits Early

Rocket Mortgage, UWM Lift Conforming Loan Limits Early

Saturday, 10 September 2022
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First, Rocket Mortgage, and then, United Wholesale Mortgage, have each raised their conforming loan limits to $715,000. So reports the Los Angeles Daily News. Read more...
Mortgage Rates Touch Fresh 14-Year High

Mortgage Rates Touch Fresh 14-Year High

Saturday, 10 September 2022
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U.S. long-term mortgage rates have climbed to their highest point since 2008. So reports CNN. Read more...
Bodnar of MMG: Headline Risk Ahead

Bodnar of MMG: Headline Risk Ahead

Friday, 09 September 2022
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"After six weeks of moving higher, rates have stabilized despite more tough talk from a Fed Member and Europe raising rates by .75%," says Bill Bodnar of the Mortgage Market Guide (MMG).  Read more...
Bodnar of MMG: Pain Predicted, Pain Underway

Bodnar of MMG: Pain Predicted, Pain Underway

Tuesday, 06 September 2022
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On Friday August 26th, Fed Chair Jerome Powell said there would be "PAIN." And pain there has been, says Bill Bodnar of the Mortgage Market Guide (MMG). Read more...
BoA Launches Zero-Down-Payment Mortgages to Help Minorities

BoA Launches Zero-Down-Payment Mortgages to Help Minorities

Tuesday, 06 September 2022
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Bank of America has rolled out mortgages with zero down payment and zero closing costs in certain cities, part of a bid to increase homeownership in Black and Hispanic/Latino neighborhoods. So reports NBC. Read more...

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