Inflationary concerns, spurred by continued labor and supply chain issues, forced mortgage rates to jump by 0.23% this week, as rates rose across all mortgage loan types.
Read More »Fannie Mae Launches Online Tool for Homebuyers
Preparing consumers for all stages of the mortgage and buying process, Fannie Mae announced the launch of HomeView, the company's new online homeownership education course. Available free of ...
Read More »What to Expect for Housing and Economy in 2022
Though not potentially as dramatic as 2020, 2021 was deemed another tumultuous year by housing experts. Fortunately, 2022 is on track and predicted to be more stable than ...
Read More »Now Is the Time to Readdress Conforming Loan Limits
In November, the Federal Housing Finance Agency announced its annual change to the conforming loan limit for loans purchased by Fannie Mae and Freddie Mac (GSEs). For 2022, it was announced that the limit increased by 18% to $647,200, ...
Read More »Jump in Rates Shutting Out Refi-Seekers
Despite overall mortgage app volume on the upswing to begin 2022, the rise in rates has dropped conventional refis to their lowest levels since January 2020.
Read More »Nationwide Home Price Slowdown on the Horizon in ’22?
Experts predict the expectation that mortgage rates will remain relatively low, offering attractive financing for homebuyers.
Read More »Rate Locks Down 35% Year-Over-Year
The latest Originations Market Monitor from Black Knight Inc, shows another big slowdown in momentum in December as rate lock volumes fell across the board, driven by a 22.5% drop in purchase loan locks. The report leverages daily rate ...
Read More »Vermont Remains Top State to Move To
Migration is essential to the American way of life—people move seeking different climates, better job opportunities, cost of living, or to be closer to family. Long gone are the days of ...
Read More »PennyMac Rebrands to Focus on the TPO Market
To further support its commitment to the wholesale channel, PennyMac debuts a new identity alongside company-wide rebranding endeavor.
Read More »Crypto Grows in Popularity to Fund Down Payments
Millennials own more crypto than other generation, and many are cashing in on the virtual currency as a means to pay for a down payment on their new home.
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