Due to persistently high home prices, new homebuyers may shell out costly amounts for their mortgage payments, as a new study from LendingTree reveals that the average nationwide payment on a new mortgage has reached $2,317 a month.
Read More »Racial Wealth Gap Widening for Black Homeowners
According to a new Apartment List report, the Black homeownership rate currently stands at 44% nationwide, as white homeownership continues to exceed Black homeownership in each metro analyzed.
Read More »Homebuyers Retreat As Mortgage Rates Jump
As mortgage rates climb toward 7%, the decline in new listings of homes for sale has slowed since December. A new Redfin report examines why many homebuyers continue to pull back from their home search.
Read More »Homebuyers Compromise Priorities, Persevere Through Challenging Market
American homebuyers persevered through high prices and fierce competition in 2021 and 2022, but few landed their dream home as 80% reported compromising on their priorities, according to ...
Read More »ARMs Offer Largest Savings Since 2015
As mortgage rates surge at their fastest pace in decades, a new Redfin study revealed that homebuyers could save more than $15k over five years by taking out an adjustable-rate mortgage rather than a typical 30-year fixed-rate mortgage.
Read More »Flagstar Names Jim Linnane President of Distributed Retail Mortgage
Flagstar Bank has named Jim Linnane President of Flagstar's Distributed Retail Mortgage division. In this role, he will be responsible for strategy, profitability, sales, growth, recruitment, and operations ...
Read More »FHA Loans Are Gaining Popularity Among Millennial Homebuyers
Interest rates on FHA loans hit new lows in October, which is driving millennials to pursue homeownership with the helped of government-backed financing. Ellie Mae’s latest Millennial Tracker ...
Read More »Millennial Refinance Trends as Interest Rates Decline
The average interest rates on all 30-year notes fall and millennial homeowners are closing more refinance loans, but days-to-close rises.
Read More »The Latest on Forbearance Trends
As of August 10, the total number of loans now in forbearance dipped one basis point from 7.21% of servicers' portfolio volume the week before to 7.20%, according ...
Read More »Refunds on VA Loans Total More than $400M
An inspector general’s report found thousands of vets were improperly charged extra fees. Click through to read more.
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