Millennials are refinancing in waves â especially older ones
Thanks to record-low mortgage rates, refinancing activity has jumped in recent weeks â especially with older-aged Millennials.
Thanks to record-low mortgage rates, refinancing activity has jumped in recent weeks â especially with older-aged Millennials.
President Biden and Democrats in Congress have backed plans to subject a broader array of companies to Community Reinvestment Act requirements. But thereâs no guarantee such reforms will happen.
Posted To: MND NewsWire
The Mortgage Bankers Association (MBA) estimates that applications for the purchase of newly built homes rose only 0.2 percent from November to December, however, those applications were up 42.2 percent compared to December 2019. The information comes from MBA’s monthly Builder Application Survey (BAS) and was not adjusted for typical seasonal patterns. Based on those mortgage applications and assumptions regarding market coverage and other factors, MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 876,000 units in December 2020. This is an increase of 5.9 percent from the November pace of 827,000 units. On an unadjusted basis, there were an estimated 59,000 new home sold during the month, unchanged from the same level in November. “The new home…(read more)
The acronyms of real estate can be overwhelming. Hereâs a list of the ones you’re likely to run into when buying or selling a house.
The post Acronyms of Real Estate: What Homebuyers Need to Know appeared first on Homes.com.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. It was a small drop but it inches them further toward the all-time low, though there’s still a way […]
A new fee will be added to conventional mortgage refinances on September 1. Will this mean higher refinance rates? For some, it’s likely.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. And that was a pleasant surprise because they’d looked likely to rise again first thing â and also because […]
US mortgage rates tumble to a record low â and may be headed lower The Boston Globe
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.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. They haven’t fallen since Jan. 4 so they’re some way above the all-time low. But they’re still within the […]