President Biden could reduce FHA mortgage insurance premiums. Here’s what it means for you
Many mortgage pros believe President Biden will cut FHA mortgage insurance premium (MIP) rates. Here’s what that means for you.
Many mortgage pros believe President Biden will cut FHA mortgage insurance premium (MIP) rates. Here’s what that means for you.
Credit score talk is all over the place these days, from online forums to the office break room. Thatâs because your credit score affects just about every aspect of your life: your ability to get…
The post What Is the Average Credit Score in America? Find out Where You Stack Up. appeared first on Crediful.
PennyMac, the nation’s largest mortgage aggregator, posted net profits of $452.8 million in the fourth quarter of 2020.
The post PennyMac posts strong profits in Q4 despite MSR losses appeared first on HousingWire.
Todayâs mortgage rates stay at record lows | December 14, 2020 Fox Business
Bank statement loans can help self-employed mortgage borrowers qualify for a bigger home loan. Here’s how to find a safe, low-rate bank statement loan.
What Is a Mortgage? Everything to Know About Home Loans Credible News
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30-year mortgage rates chart with average 30-year rates since 1972. Rates have been dropping, but can they go lower still? Find out here.
Posted To: MND NewsWire
The interest rates on 30-year fixed rate mortgages originated in December reached an all-time low in ICE Mortgage Technology’s (formerly Ellie Mae’s) records, an average of 2.93 percent and a 4-basis point decline from the November rate. The company, in its monthly Origination Insight Report , said the note rate for all three loan types it tracks, FHA, Conventional, and VA, were all below 3.0 percent for the second straight month. FHA and Conventional loans dropped to 2.94 and 2.96 percent, respectively. Each averaged 2.99 percent the prior month. The VA rate fell from 2.72 to 2.66 percent. Refinances continued to dominate at 60 percent of originations , down 1 percentage point from November but up from 46 percent a year earlier. The outsized share was skewed toward conventional loans at 68…(read more)
Refinance activity is still going strong thanks to low-interest rates, according to the December Origination Insight Report from ICE Mortgage Technology. With interest rates down to their lowest level, the share of refinances remained high at the end of 2020. Of the total closed loans, refinances accounted for 60% while purchase loans remained at 39% … [Read more…]