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Tag Archives: Home Loans

Mortgage Rates Dip

The latest data from the FHFA indicates an overall fall in mortgage rates. But which mortgage indicator is trending higher? Click through to learn more.

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Millennials Aren’t Deterred by Sellers Market

It is no surprise that the home market has favored the seller this buying season, but what is interesting is how millennials have treaded the challenging and sometimes expensive market. Ellie Mae’s April Millennial Tracker showed steady increases in home loans among the demographic. Certain metropolitan areas saw a larger boom than others.

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CFPB Warns that Reverse Mortgage Advertisements Can be Deceiving

The Consumer Financial Protection Bureau (CFPB) issued a warning to consumers today about the misleading effects of reverse mortgage advertisements. The Bureau released results of a focus group study on reverse mortgage advertisements and found that many participants were left confused about the product. The study found that after viewing the ads, consumers did not understand that reverse mortgages were actual loans. Instead, they were left under the false impression that reverse mortgages are government-issued program that would help consumers stay in their home for the rest of their lives.

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