January 2, 2025
Four-minute read What are mortgage rates and how are they calculated? A Complete Guide The basics of mortgage rates: Key factors explained The real estate market of Monmouth and Ocean counties, hampered by a lack of inventory for the past… Continue Reading…
Images by Getty Images; Illustration by Hunter Newton/Bankrate The average 30-year fixed mortgage rate will spend most of the year in the 6s, with a short-lived spike above 7 percent, but never getting below 6 percent. — Greg McBride, Bankrate… Continue Reading…
Wood Markets News US Mortgage Loans in Forbearance Increase for Sixth Consecutive Month in November End Use Posted on January 1, 2025 On December 23, the Mortgage Bankers Association (MBA) released its monthly Loan Monitoring Survey for November. As of… Continue Reading…
An international insurance services provider is closing 2024 with an acquisition bolstering its mortgage credit risk offerings. New York-based Amynta Group announced plans to purchase the credit division of Crum & Forster. The latter company is a subsidiary of Fairfax… Continue Reading…
2024 ended with Mortgage rates high and today those rates are still hovering at an average of anywhere from six to eight percent. The federal reserve made its 3rd and final rate cut of 2024 on December 18th. Many hoped… Continue Reading…
January 1, 2025
The housing market has been a rollercoaster for buyers and sellers alike. Mortgage rates, which hovered near 8% in late 2023, dipped to 6.7% by the end of 2024 following multiple cuts to the federal funds rate from the Federal… Continue Reading…
©Jesus Aranguren/AP/Shutterstock For homeowners, a mortgage is likely the biggest expense in their lives — and it’s attached to their biggest asset. It’s natural to want to own that asset outright, says money expert and influencer Tiffany Aliche, but that… Continue Reading…
Shares of New York Mortgage Trust (NYMT) have gained 0.3% over the past four weeks to close the last trading session at $6.06, but there could still be a solid upside left in the stock if short-term price targets of… Continue Reading…
Mortgage rates are a hot topic for anyone looking to buy a home or refinance an existing mortgage. As of January 01, 2025, the average mortgage rate for a 30-year fixed loan is 7.01%. This rate is a significant factor… Continue Reading…
Mortgage rates have climbed to near 7%, perplexing many homebuyers and market observers, especially after recent Federal Reserve rate cuts. You’d think that after the Federal Reserve (the Fed) lowered interest rates, mortgages would get cheaper, but that’s not what’s happening. It’s… Continue Reading…