Driven by last week’s Fed rate hike, both purchase and refi apps tailed off week-over-week, as fixed-rate mortgages advanced beyond the 4% mark, pricing many first-time buyers out of the market.
Read More »Zeenat Sidi Tapped to Lead loanDepot’s New mello Unit
Fintech vet with more than 25 years of experience to serve as President and COO of new mello operating unit, which will complement loanDepot’s mortgage and servicing operations platform.
Read More »Following the Growth of Home Prices, Tappable Equity Grows Too
According to a new report, the market holds $10 trillion in tappable equity, up 35% from last year.
Read More »Booming Market Furthers Rise in Homeowner Equity
Due to a steep rise in home values, nearly one-half of mortgage holders are now in an equity-rich position.
Read More »Home Equity Rate Forecast for 2022
The Federal Reserve has already signaled that rising rates are on the horizon for 2022, but Bankrate has released a new forecast predicting that rates will be adjusted at least twice this ...
Read More »Homeowners Gain Nearly $225K in Equity Over the Past Decade
Homeowners in metro areas are likely to have accumulated enough equity in the past 10 years to purchase a single-family home.
Read More »How Much Equity Have Homeowners Gained This Year?
Homeowners have seen their equity grow in excess of 30% over the last year, giving some borrowers a crutch against foreclosure.
Read More »How Do Millennials Use Home Equity?
Millennials typically forge their own path in life, bucking the trends and norms of their parents—and now that they are in the prime home-buying time of their lives, their views on ...
Read More »Homeowners Have Gained $2.9 Trillion in Equity
Data analyzed by CoreLogic has found the share of homes in negative equity fell to 2.3% in the second quarter of 2021 the lowest share in at least 12 years.
Read More »Homeownership: Asset That ‘Keeps on Giving’
Price jumps that helped sellers earn big profits also led to equity improvements not seen in years, according to analysts.
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