January 8, 2025
Consumer sentiment was relatively high in December, largely driven by expectations of declining mortgage rates in 2025. Last year at this time, consumers were feeling much better about the housing market compared to a year earlier. But as 2024 progressed,… Continue Reading…
Cincinnati-area home buyers and sellers can expect to see prices climb at a slower rate and mortgage rates come down slightly in 2025 as the market tilts slightly in buyers’ favor. That’s the consensus from a handful of Relators, mortgage… Continue Reading…
The Mortgage Calculator has introduced advanced tools to assist borrowers in exploring FHA loan options. With a powerful FHA mortgage calculator and access to tailored loan programs, borrowers can secure affordable financing with confidence. MIAMI, Jan. 7, 2025 /PRNewswire-PRWeb/ —… Continue Reading…
Rates on 30-year mortgage refinance loans edged up another 3 basis points Monday, pushing the average up to 7.15%. That’s just 4 basis points under the 7.19% reading notched on Dec. 24, which was the most expensive level for 30-year… Continue Reading…
January 7, 2025
The states with the cheapest 30-year new purchase mortgage rates Monday were New York, Florida, Texas, California, Georgia, Massachusetts, North Carolina, Pennsylvania, and Washington. The nine states registered averages between 6.72% and 6.96%. Meanwhile, the states with the highest averages… Continue Reading…
Marketing tactics Another big opportunity for the industry can come from refreshing its marketing efforts. Jonathan Scarpati, senior vice president of wholesale production at Finance of America, said that certain swings being made by industry can help, and FOA is… Continue Reading…
2024 was another tough year for the mortgage industry. Will 2025 be better? There are signs it could be. Originators can expect a busier year with increased purchase and refinance volume, according to forecasts. Yet, higher-than-expected interest rates and a… Continue Reading…
National Averages of Lenders’ Best Rates – New Purchase Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.99% +0.04 FHA 30-Year Fixed 6.28% No change VA 30-Year Fixed 6.52% +0.04 20-Year Fixed 6.98% +0.07 15-Year Fixed 6.20% +0.06 FHA… Continue Reading…
Last week, the labor department reported a seasonally adjusted annual rate of 211,000 unemployment claims — a lower-than-expected figure which signaled that “the labor market isn’t breaking,” according to Mohtashami. “For mortgage rates to go lower, we need to focus… Continue Reading…
The conventional wisdom about private mortgage insurance (PMI) has long been that borrowers should try to avoid it. PMI is a requirement for conventional mortgage borrowers who put down less than 20 percent on a home — and it’s just… Continue Reading…