Why are mortgage rates going up? Biden, vaccines, and interest rates
Mortgage rates moved up last week, and it looks like they’ll keep rising in 2021. But how high will rates go? Should you try to lock in now?
Mortgage rates moved up last week, and it looks like they’ll keep rising in 2021. But how high will rates go? Should you try to lock in now?
Due to coronavirus, there are new rules for self-employed home buyers who want to use FHA loans. Learn about new lending rules here.
Posted To: MND NewsWire
Fannie Mae said that the standardization of servicing standards that followed the 2008 housing crisis appears to have helped the industry manage the recent flood of COVID-19 forbearance plans. The company included a series of questions about forbearance management in its September Lender Sentiment Survey and has now released a special report on the responses. Servicers had to move quickly to implement the forbearance programs, which were first announced by the GSEs Fannie Mae and Freddie Mac and by FHA but were then expanded and mandated by Congress under the CARES Act. They also had to manage the loans in forbearance, continue remittances to investors, and make insurance and tax payments out of escrow accounts. As the plans had three-month terms, borrowers had to be contacted to do renewals…(read more)
Mortgage applications jumped 16.7% after a 4.2% drop last week, according to the Mortgage Bankers Association. The jump underlines the seasonality behind last week’s decrease, as well as the expectation of additional fiscal stimulus from the incoming administration.
The post New-year optimism reflected in mortgage applications jump appeared first on HousingWire.
See the numbers behind how Americans rent, buy, sell and even think about home.
Mortgage Rates Today, January 8, 2021 | Key rate advances Bankrate.com
Are you ready to buy a home? Youâre not aloneâin 2019, more than five million people bought an existing home. And that doesnât even include the number of people who purchased new construction. The point is, the housing market is always bustling and busy. And if itâs your first time buying a home, it might seem a… Read More
The post How Much Cash Do You Really Need to Buy a Home? appeared first on Credit.com.
There are local programs for first-time homebuyers in every city in California. This article takes a look at the requirements and provides links to the homebuyer program page for every metropolitan city in California. Get Pre-Approved for a Mortgage and Check Rates CalHFA defines a first-time home buyer as someone who has not owned a […]
The post First-Time Homebuyer Programs in California appeared first on The Lenders Network.
A home equity loan can allow you to access large sums of money without selling your home. Using your home as collateral, you can get a loan to finance anything you want or need â…
The post Home Equity Loan: What Is It and How Does It Work? appeared first on Crediful.
More students have student loan debt, and their total debt is larger than ever before. Would it be worthwhile to roll student loan debt into a mortgage?
The post Should You Roll Your Student Loan Debt Into Your Mortgage? appeared first on Bible Money Matters and was written by Melissa. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.