Fannie Mae and Freddie Mac’s 0.5% refinance fee is delayed until December 1. But to avoid the fee and higher refinance rates, you need to apply sooner than that.Continue reading
In the second quarter of 2020, the U.S. housing market hit an all-time high of $32.8 trillion, per The Federal Reserveâs Flow of Funds Report, as referenced in the latest Monthly Chartbook from the Urban Institute. That was up from roughly $32.4 trillion in the first quarter of 2020, thanks to an increase in home [&hellip
The post Value of U.S. Housing Market Hits Another All-Time High first appeared on The Truth About Mortgage.Continue reading
Want to make sure your home grows in value? Then buy a house in the South. According to new analysis, thatâs where home values will appreciate the most in 2020.Continue reading
Tons of people are moving during coronavirus. Home buying numbers are up 21% from last year. Considering a move? Here’s what to know.Continue reading
Editor’s note: This article was originally published on June 10, 2020, and updated on July 28, 2020, with the latest Fed forecasts Don’t wait on the Fed for lower mortgage […]Continue reading
You were all set to buy that new car or house. You may have even picked out the cherry-red convertible or the Cape Cod with the spacious yard — until your bank stopped you in your tracks.
Your loan has been denied, and now you’re not sure what to do.
It’s a pretty common scenario, and unfortunately, there isn’t always a quick solution.
Mortgage Rates Brace For Potential Impact Mortgage News DailyContinue reading
Thanks to another year of stellar home price appreciation, the 2021 conforming loan limit will increase to $548,250, per the Federal Housing Finance Agency (FHFA). This is the maximum loan amount for mortgages that can be acquired by Fannie Mae or Freddie Mac, known as conforming mortgages. The figure is up from $510,400 for mortgages [&hellip
The post 2021 Conforming Loan Limit Rises to 8,250 first appeared on The Truth About Mortgage.Continue reading
It makes sense that the mortgage industry would see its best quarter in history during a global pandemic. Okay, it doesnât make sense, but thatâs what happened anyway, per the latest Mortgage Monitor report from Black Knight. Mortgage Lenders Originated $1.1 Trillion in Home Loans During the Second Quarter Mortgage lenders experienced best quarter in [&hellip
The post Mortgage Lending Volume Hits Highest Level on Record Despite COVID-19 first appeared on The Truth About Mortgage.Continue reading
While 30-year fixed mortgage rates tend to steal all the headlines, 15-year fixed mortgage rates quietly reached record lows this week as well, per Freddie Macâs weekly survey. This morning, Freddie announced that the 30-year fixed fell to a new record low 2.65%, down from 2.67% last week. That was the first record low of [&hellip
The post 15-Year Fixed Mortgage Rates Just Hit Record Lows: Should You Consider One? first appeared on The Truth About Mortgage.Continue reading