With rates at their highest in more than two decades, home buyers are looking for any way to lower their monthly payment.
The post Is Your Next Mortgage 7% or 8%? Depends If You Shop Around. appeared first on Real Estate News & Insights | realtor.com®.
Author: Ben Eisen
Rising Rates Make It Harder To Help Distressed Homeowners. Regulators Are Trying To Fix That.
FHA proposes a plan where borrowers could get back on track while keeping super-low interest rates.
The post Rising Rates Make It Harder To Help Distressed Homeowners. Regulators Are Trying To Fix That. appeared first on Real Estate News & Insights | realtor.com®.
New Appetite for Mortgage Bonds That Sidestep Fannie and Freddie
Wall Street firms are again packaging and selling mortgages that the government-backed firms can’t or won’t back.
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Mortgage Originations Are on Pace for Best Year Ever
In spite of the COVID-19 pandemic, Americans are poised to take more mortgages this year than they did even during the run-up to the 2008-09 financial crisis.
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Dearth of Credit Starves Detroit’s Housing Market
Lenders shun the city’s low-priced properties, making it hard for Black residents to access homeownership. The city of nearly 700,000 saw barely 1,700 mortgages made last year.
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Refinancing Your Mortgage? Those Rock-Bottom Interest Rates Aren’t for You
Homeowners are rushing to refinance at record-low interest rates. Many are finding that lenders have reserved their best rates for buyers.
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