Sharp Drop in Rates Spark Jump in Applications

The combination of lower mortgage rates and an unusually slow end to 2018 caused mortgage applications to surge to start this year. Overall volume jumped 23.5 percent last week from the previous week,...

Industry Terminology: Forbearance vs. Deferment

During this novel coronavirus (“COVID-19”) pandemic, the Newrez family of companies is committed to helping our customers, including offering alternate payment programs as allowed by loan owners/inves...

Industry Terminology: Loan Modification

What is Loan Modification? Simply put, loan modification refers to any change or alteration that a lender makes to a loan. A loan modification could include a reduction in the interest rate, an increa...

11 Frequently Asked Home Appraisal Questions

The Home Appraisal Process You may be wondering, how is an appraisal and appraiser scheduled? While you as the borrower are typically responsible for paying the appraisal fee, the lender typically ord...

A History of Mortgage Rates

Inflation and Mortgage Rates In 1971, the average mortgage rate was 7.31% - a rate that may seem relatively high compared to today’s rates. However, in 1974 the average annual rate of inflation began ...

Home Prices Still Increasing?

The views about the direction of home prices diverged slightly in September, as those reported in the S&P CoreLogic Case Shiller indices slowed for the second month in a row while those from the F...

Housing Market is Expected to Stabilize in 2019

Economic growth is expected to slow in 2019 leading to stabilized home sales and mortgage rates, according to Fannie Mae‘s economic and strategic research group.  A widening trade deficit and moderati...

When Will The Housing Market Slow Down?

Home Loan Options in 2022 When buying a home in 2022, first and repeat homebuyers have many tools at their disposal. From down payment assistance to Jumbo loans, lets dive into your home loan option...

Americans are on the Move: Here are the Top States for Home Buyers

States Seeing Promising Housing Market Forecasts The same Redfin report indicated that the South is expected to see the biggest increase in new home buyers with $1.09 trillion of home sales foreca...