News

VA Mortgage Lending Increases

The dollar volume of mortgages guaranteed by the Department of Veterans Affairs rose nearly 9% in the past fiscal year as interest-rate reduction refinancing loans surged nearly 75%. VA mortgages totaled $175.6 billion in the 12 months leading up to Sept. 30, 2019. While this marks an increase from the almost $161.3 billion in VA […]


Mortgage Rates Fall but Could Turn Direction on Trade News

Mortgage rates fell for the first time in four weeks, although given investor optimism over better economic news, it might be a blip, according to Freddie Mac. While rates on the 30-year fixed loan fell 9 basis points this past week, a different tracker released by Zillow rose 13 basis points in the same period. […]


Home-Price Gains Accelerated as Borrowing Costs Fell

Home-price growth is accelerating again. Give credit to this year’s plunge in mortgage rates. In the third quarter, the median price of an existing single-family home in the U.S. was $280,200, up 5.1% from a year earlier, the National Association of Realtors said in a report Thursday. By comparison, the annual gain in the second […]


Mortgage Rates Retreat for the First Time in 3 Weeks

After three weeks of increases, mortgage rates fell back this week — but it looks to be only a temporary decline. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slid to 3.69 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the […]


Cities Where VA Purchase Mortgages Surged Among Millennials

Since the Great Recession ended, the percentage of eligible first-time homebuyers who get loans through the Department of Veterans Affairs’ mortgage guarantee program has been higher than it was precrisis. The share of eligible first-time buyers using the VA program went from under one-third in 2007 to nearly three-quarters in 2016, according to the Consumer Financial Protection Bureau. There […]


Apple Donates to Affordable Housing in California

Tech giant Apple is planning to commit $2.5 billion to address affordable housing in California, adding to the list of tech companies that are putting up huge sums of money to deal with housing conditions in Silicon Valley and beyond. Part of Apple’s commitment includes $1 billion into an affordable housing investment fund, $1 billion to a […]


Investment Opportunities in an Unsteady Market?

The market for real estate, much like the broader market today, is unsteady. Investors are often faced with a choice of investing in lower-yield properties, or parking their funds in near-zero-rate liquid investments and taking a wait-and-see attitude for opportunities that may offer better yields. This kind of environment is particularly concerning, because with so […]


Make Digital Closing a Reality: Webinar

Make Digital Closing a Reality: The 5 Things You Need to Know NOVEMBER051:00 PM CST The promise of digital closing has not been fulfilled yet. While many lenders have digitally enhanced some parts of the mortgage process, the process itself often remains largely disconnected and painfully manual. Average production expenses are at a record high […]


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