News

Mortgage Applications Fall As Mortgage Rates Tick Up

In what may be a sign of just how sensitive borrowers are to fluctuations in mortgage rates, the Mortgage Bankers Association revealed mortgage applications declined further for the week ending on April 5, 2019, following a slight uptick in mortgage rates. Per the latest data from the MBA’s weekly Mortgage Applications Survey, on an unadjusted basis, the Market Composite Index retreated 5.6% from […]


Borrowers Are Raising Their Mortgage Rate To Cash Out Equity

For several months now, cash-out refinances have been eating up a greater share of overall refi volume, and it appears the trend isn’t about to slow down anytime soon. The latest report from Black Knight reveals that of the 483,000 refinances originated in the fourth quarter of 2018, 82% were cash-outs – the largest share since it […]


Spring Buyers Gear Up As Mortgage Rates Hover Near Recent Lows

After experiencing their biggest one-week drop in about 10 years, U.S. weekly mortgage rates held steady, with the 30-year fixed-rate at 4.08 percent, Freddie Mac announced on Thursday. Points for the week of April 4 were 0.5 percent. During the same period last year, the 30-year rate was 4.4 percent. Lower mortgage rates have led to a spike in overall […]


3 Ways Mortgage Technology Will Fundamentally Change The Loan Officer

Loan officers producing upwards of $30 million in a year already know what it takes to succeed. They also know as technology revolutionizes the industry, it can push their business to the next level. Those named to National Mortgage News’ 2019 Top Producers were asked to pinpoint a technology or innovation with the potential to fundamentally change […]


Trump Calls On Federal Reserve To Lower Interest Rates

The Federal Reserve, which has increased interest rates numerous times in the last few years, recently signaled that it does not plan to increase interest rates any more for the remainder of this year. But if it was up to President Donald Trump, the Fed would be cutting interest rates instead. Trump, speaking to reporters Friday morning, called on the […]


Has a Housing Downturn Commenced?

A housing downturn has begun, according to researchers at Trulia. However, there’s no need to panic—this downturn will likely emerge quite differently from the one a decade ago, the researchers say. What’s signaling the current downturn beginning to take shape is primarily declining sales volume. This is typical of housing downturns. First sales decline, then prices […]


Average Home Listing Price Reaches All-Time High

In March, the average American home listing price reached $300,000 for the first time ever, according to Realtor.com’s Housing Trend Report. “The typical U.S. home list price has set a new high right on the cusp of the spring homebuying season, and despite a slowing growth rate, home prices will likely continue to set new records later this […]


Single Women Buying Houses At Double The Pace Of Single Men

All the single ladies, put your hands (and your house keys) up. Despite earning less, single female homebuyers double that of single men, according to the National Association of Realtors. The 18% share of single women who purchased a primary residence between July 2017 and June 2018 outpaced the 9% share of single male homebuyers. About […]


Mortgage Applications Surge

The recent precipitous drop in interest rates drove a sizable increase in mortgage applications for the week ending on March 29, 2019, according to the newest data from the Mortgage Bankers Association‘s weekly Mortgage Applications Survey. On an unadjusted basis, the Market Composite Index climbed a whopping 18.6% from the previous week. MBA Vice President of Economic and Industry Forecasting […]


Zillow Is Now A Mortgage Lender

Zillow has owned a mortgage company for approximately six months, having purchased Mortgage Lenders of America in November 2018, but now, the online real estate giant has truly become a mortgage lender as well. Zillow announced Tuesday that it is launching its own mortgage lending operation, which it is calling Zillow Home Loans. For years, prospective homebuyers could search for […]