Higher mortgage rates dim hope for a busy spring housing marketÂ
Higher mortgage rates have zapped mortgage demand to a 28-year-low, as buyers are now having second thoughts about purchasing homes.Â
Higher mortgage rates have zapped mortgage demand to a 28-year-low, as buyers are now having second thoughts about purchasing homes.Â
Youâve probably heard of HAMP, otherwise known as the Home Affordable Modification Program, which was very popular post-housing crisis. But what about AMP? Probably not. It stands for “Affordable Mortgage Program,” and is the loan program offered by Synovus Mortgage Corp. (a subsidiary of Synovus Bank) that may allow you to buy a home with… Read More »Synovus Mortgage Offering 100% Financing via Affordable Mortgage Program
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One of the more common problems young home buyers face these days is student loan debt, which can complicate a mortgage approval (and a successful home purchase). Lenders are well aware of this, as are home builders and the GSEs (Fannie Mae and Freddie Mac). To alleviate this issue, they recently eased guidelines related to… Read More »Lennar Offers to Pay Your Student Loans If You Buy a New Home
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Mortgage demand continued to decline last week, and just reached its lowest point in 25 years.
In an effort to make homeownership more affordable, the U.S. Department of Housing and Urban Development (HUD) is reducing fees on FHA loans. Specifically, HUD in conjunction with the Biden-Harris Administration will slash the annual mortgage insurance premium (MIP) by 30 basis points. The move is expected to save the average homeowner about $800, or… Read More »Annual Mortgage Insurance Premium on FHA Loans Reduced 30 Basis Points
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Mortgage applications declined 13.3% following expectations that the Fed will continue tightening its monetary policy through the summer.
Mortgage interest rates for Feb. 20 held steady MarketWatch
One of the largest mortgage lenders in Virginia that isnât a national brand goes by the name âMcLean Mortgage.â It’s ostensibly derived from the community of McLean, Virginia, which is located in the very north of the state just outside Washington D.C. Last year, the company managed to crack the top-10 list in the Old… Read More »McLean Mortgage Review: A Top-10 Virginia Mortgage Lender
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Today weâll check out Atlantic Bay Mortgage Group, a Virginia-based mortgage lender thatâs big on customer service. They pride themselves on their fantastic customer ratings, which might be a result of their 3:1 ratio of support to sales staff. Speaking of their employees, they’re also a top-rated company to work for, something that should promote… Read More »Atlantic Bay Mortgage Review: More Support, Less Sales, and the Latest Digital Tech
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The spread on mortgage rates between conforming and jumbo grew to 100 points this week. One LO said that homebuyers applying for jumbo loans historically would have paid in cash.