Another day, another set of data that shows that Millennials are now officially in the housing market. Earlier this year, data from realtor.com showed that Millennials were responsible for more new mortgages in 2018 than any another generation. Now, new data from the same source shows that Millennials’ share of the mortgage market has only increased throughout this year. According to […]
We are gearing up for The Mortgage Collaborative‘s Summer Member Conference in Nashville! John LaBriola and Jeff Woltemath from Certified Credit will be there!
New York (CNN Business) Mortgage rates are lower than they’ve been in years, causing a tsunami of refinancing. The average rate on a 30-year fixed rate mortgage fell to 3.93% last week for loans of $484,000 or less — the first time those loans have been below 4% in nearly three years, according to the […]
The U.S. mortgage delinquency rate declined in May, according to the Home Price Index report from CoreLogic, a global property information, analytics and data-enabled solutions provider. Nationally, 3.6% of mortgages remained in some stage of delinquency, meaning 30 days or more past due, including homes in foreclosure. That’s down from 4.2% in May 2018. The foreclosure inventory rate, which measures […]
The Federal Reserve Bank of New York described U.S. home sales as “soft,” “anemic,” and “lackluster” in a Monday report. “Housing activity indicators remained soft in June,” the New York Fed said. “Existing home sales fell in June, while new home sales only partially rebounded. Single-family housing starts and permits remained anemic.” The report pointed to June’s existing home […]
Millennials run into several stumbling blocks on the path to homeownership. Most have to make sacrifices in order for it to be affordable. Many view mortgages as out of reach altogether given the amount of debt they have. Some will even have buyer’s remorse once they get a mortgage. But mortgages insured by the Department of Veterans Affairs offer qualified service […]
The conventional wisdom about Millennials is that they move (and move home) more frequently than older generations, and a new study from Porch will only reinforce that belief even further. Out of the 1,000 people surveyed, Millennials were found to move once every two years. Gen Xers moved about every four years and baby boomers stayed in the same place for […]
Home prices slipped in some of the costliest U.S. markets in the second quarter, a sign that would-be buyers are sitting out the competition for a scarcity of affordable properties. The median price for a previously owned single-family house increased 4.3% from a year earlier to $279,600, the National Association of Realtors said in a […]
Just three days ago, data from Black Knight showed that 8.2 million borrowers could save big on their mortgages thanks to the recent decline in mortgage interest rates, but rates have continued to fall all week. Now, the number of borrowers that could benefit from a refinance has jumped to nearly 10 million. The latest mortgage interest rate […]