December 30, 2024
Enhancements to current capabilities that can both find new customers and secure better outcomes for them lie at the heart of what technology can offer the mortgage industry in 2025 — and where investment may flow. After a dry spell… Continue Reading…
Pending home sales rose 2.2% in November, marking the fourth consecutive month of increases and the highest level since February 2023, according to a National Association of REALTORS® (NAR) report released Monday. The Midwest, South and West experienced month-over-month gains… Continue Reading…
National Averages of Lenders’ Best Rates – New Purchase Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.99% -0.03 FHA 30-Year Fixed 6.28% No Change VA 30-Year Fixed 6.54% No Change 20-Year Fixed 6.93% -0.05 15-Year Fixed 6.26% +0.01… Continue Reading…
The states with the cheapest 30-year new purchase mortgage rates Friday were New York, California, Florida, South Carolina, Tennessee, Colorado, and Washington. Those seven states registered averages between 6.88% and 6.97%. Meanwhile, the states with the highest averages on Friday… Continue Reading…
Refinance volume is only a fraction of what it was three years ago when mortgage rates plummeted to historic lows, but borrowers have returned in greater numbers this year. Recent data from CoreLogic shows that $347 billion in refinances were… Continue Reading…
If the down payment is your biggest blocker to buying a house, we’ve got good news. Yahoo Finance has hand-picked the best home loan lenders specializing in low- and no-down-payment mortgages. As you’ll see, you have some excellent choices. Each… Continue Reading…
What’s going on here? US pending home sales continued to climb in November, surprising many as buyers navigated high mortgage rates. What does this mean? November marked the fourth consecutive month of growth in contracts to buy previously owned homes,… Continue Reading…
Mortgage costs stayed stubbornly high in 2024, with 30-year fixed rates holding well above 6% for most of the year. Unfortunately for buyers, 2025 isn’t looking much better. The Federal Reserve has been cutting interest rates, making the cost of… Continue Reading…
Hey, TCPAWorld! The District of Arizona just granted a motion to compel arbitration that you should know about! See generally MacDonald v. Rocket Mortgage LLC, No. CV-23-02558-PHX-KML, 2024 WL 5200480 (D. Ariz. Dec. 23, 2024). This one highlights the importance… Continue Reading…
When you’re thinking about buying a home or refinancing your current mortgage, understanding today’s mortgage rates is essential. Recently, mortgage rates have shown both signs of decrease and increase across various loan types. As of today, the 30-year fixed mortgage rate is… Continue Reading…