Saturday, 23 November, 2019

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Category: The Mortgage Reports


Renters make sacrifice to make due Rents largely remained static last month, but according to a new analysis, about a quarter of renters are still having problems affording their payment. Many are even picking up extra work to make due. Verify your new rate (Nov 22nd, 2019) Renters have an affordability problem According to RentCafe, the national rent clocked in Read more…


What’s driving mortgage rates; forecast today? Average mortgage rates moved down yesterday, as we predicted. It was the latest in a series of modest falls that together add up to a worthwhile drop. If it weren’t for the three-year lows we saw recently, we’d all be celebrating this morning’s exceptionally attractive rates. Like all such periods of improvement, this one Read more…


Digital is good, but not always better When you think “mortgage,” you probably picture a stuffy loan office and a mile-high mountain of paperwork. And it’s true. Lenders require an awful lot of documentation to verify that you can afford your mortgage. That’s why it takes over a month on average to close a home purchase or refinance. But some Read more…


Low levels of foreclosure The national rate of foreclosure has officially hit its lowest point in at least 20 years. And overall underwater mortgages? Those are down, too, according to new data. Verify your new rate (Nov 21st, 2019) Foreclosures hit record low According to new data from CoreLogic, the number of mortgages in some stage of foreclosures is just Read more…


The one trick to never being mortgage-delinquent Mortgage delinquencies are on the rise, and markets are worried. A new study shows that about 1% of people aren’t making their mortgage payments on time. This is a far cry from crisis levels. But what if delinquency numbers go up? Not paying your mortgage can mean late fees, ruined credit, and at Read more…


HELOCs are heading out Americans are sitting on unprecedented levels of home equity — $6.3 trillion, to be exact — but they don’t seem to be tapping it. In fact, according to a new analysis, the use of HELOCs has hit its lowest point in 15 years. Verify your new rate (Nov 20th, 2019) No need for HELOCs According to Read more…


Generation gap On the hunt for the best place to buy a home? It might be Grand Rapids, Memphis, or even Tucson — but according to a new study, it all depends on your generation.  Verify your new rate (Nov 19th, 2019) Where Millennials should buy a home A new analysis from Realtor.com rounded up the best places for Millennials, Read more…


Overview Founded in 2003, CrossCountry is one of several companies that have entered the mortgage market in the 21st century. However, unlike many of those, CrossCountry is not wholly driven by technology. It is rapidly building a branch network, and aims to help borrowers build strong relationships with loan officers. Branches in 37 states make face-to-face communication possible for many. Read more…


Overview Founded in 2003, CrossCountry is one of several companies that have entered the mortgage market in the 21st century. However, unlike many of those, CrossCountry is not wholly driven by technology. It is rapidly building a branch network, and aims to help borrowers build strong relationships with loan officers. Branches in 37 states make face-to-face communication possible for many. Read more…


Overview Founded in 2003, CrossCountry is one of several companies that have entered the mortgage market in the 21st century. However, unlike many of those, CrossCountry is not wholly driven by technology. It is rapidly building a branch network, and aims to help borrowers build strong relationships with loan officers. Branches in 37 states make face-to-face communication possible for many. Read more…


FHA mortgage insurance isn’t going anywhere Ben Carson recently announced that there won’t be any changes to FHA mortgage insurance in 2020. That’s either good news or bad, depending on how you look at it. The bad news? Your FHA mortgage insurance premium won’t be going down — or going away — any time soon. But the good news is Read more…


What’s driving mortgage rates today? Average mortgage rates didn’t move yesterday, owing to the Veterans Day holiday. So they remain high by comparison with the last three months but remarkably low by almost all other standards. There were small falls in stock markets (which were open) yesterday but they seem to be heading upward now. So those rates start this Read more…


What’s driving mortgage rates today? Average mortgage rates didn’t move yesterday, owing to the Veterans Day holiday. So they remain high by comparison with the last three months but remarkably low by almost all other standards. There were small falls in stock markets (which were open) yesterday but they seem to be heading upward now. So those rates start this Read more…


What’s driving mortgage rates today? Average mortgage rates didn’t move yesterday, owing to the Veterans Day holiday. So they remain high by comparison with the last three months but remarkably low by almost all other standards. There were small falls in stock markets (which were open) yesterday but they seem to be heading upward now. So those rates start this Read more…


Experts predict low rates in 2020. Should you trust them? The season for mortgage rate predictions has started. Economists are stirring their tea leaves — and adjusting their computer models — in an effort to tell us what lies ahead. The predictions so far look promising. Most experts and leading agencies forecast rates below 4% throughout 2020. But mortgage rate Read more…