Mortgage Rates Not Impressed by Market Volatility

Mortgage rates are based on mortgage-backed securities (MBS), which are essentially bonds.  Conventional wisdom holds that stocks and bonds supplement one another, and that as "money moves in" to one ...

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...

The Right Kind of Investing for Millennials in 2021

What Millennials Face Millennial households are earning more than ever before, even after accounting for inflation. They are more likely to have a degree than past generations, and they have more tech...

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,...

Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate

Consider a Fixed-Rate Mortgage Fixed-rate mortgages are the most common loan option among borrowers. The rate stays the same throughout the life of the loan, meaning the monthly mortgage payment does...

Can You Qualify for a Jumbo Loan With Damaged Credit? Consider Newrez’s SmartEdge

What is a Non-Qualified Mortgage (Non-QM Mortgage)?  Non-qualified mortgages = non-traditional borrower options. Non-traditional means that the qualifying guidelines and loan terms are less restrictiv...

Homebuilder Sentiment Higher in January

The downturn in mortgage interest rates that began in November finally has homebuilders feeling better. Builder sentiment rose 2 points to 58 in January on a monthly index from the National Associatio...

Housing Demand is Strong Again. Will it be Temporary?

After ending 2018 in a serious slump, demand for housing is suddenly soaring again, thanks to a drop in mortgage rates that could be temporary. The average rate on the 30-year fixed mortgage rose thro...

Mortgage Rates On the Rise Read This Before You Refinance

What is a Good Mortgage Rate? The answer to that question can vary depending upon everything from your personal financial situation to current housing market conditions. Of course, the adage, “the low...