Buyers reemerge with more purchasing power
REALTOR Magazine Despite high unemployment numbers, nearly two-thirds of buyers recently surveyed say they’ve been able to save more money for their down payment due...
Category : Mortgage
Millennial mortgage activity increases during peak of home-buying season
Mortgage Professional America | Candyd Mendoza Not even a nationwide lockdown could stop millennials from securing the lowest average interest rate on 30-year mortgages in...
FICO’s new credit index may help more borrowers qualify for a mortgage
REALTOR Magazine Fair Isaac Corp., the creator of the widely used FICO credit score, released a new credit index this week that could help more...
Mortgage demand spikes to 11-year-high as rates are historically low
CNBC | Diana Olick Buyers are rushing back into the housing market, enticed by record low mortgage rates and a pandemic-induced need to nest like...
What to know about 2020 VA loan changes
If you work with military members or veterans, take a look at this article outlining the changes to VA loans for 2020. Changes include no...
Report: consumer house-buying power is the highest it’s been since 1991
HousingWire | Alcynna Lloyd In June, consumer home-buying power increased by 12.2 percent from the previous year. In June, home prices fell 2.2%, declining 4.6%...
Study: 20 percent down payment myth persists
RISMedia | Odeta Kushi According to a recent study, about 19 million millennials in the 31 largest metropolitan areas are able to afford a home,...
U.S. expanding FHA-backed loans for condominiums
The Department of Housing and Urban Development recently finalized new Federal Housing Authority condominium loan policies that vastly expand the scope of condo purchases that...
Homeowners could benefit from refinancing with current rates
REALTOR Magazine A recent sharp drop in mortgage rates hasn’t unlocked savings just for those looking to purchase a home—homeowners may also benefit. About 5.9...
Share of borrowers with interest rates under 5% is growing
According to a report from LendingTree, 85 percent of borrowers received rates lower than five percent. This is positive news for those looking to purchase...