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Showing posts from 2016

Mortgage lending boom? Equifax reports massive increase in home credit

Mortgage lending boom? Equifax reports massive increase in home credit : Contrary to some fears that the Consumer Financial Protection Bureau’s new disclosure rule would severely dampen mortgage lending in 2015, a new report from Equifax shows that exactly the opposite took place, as mortgage lending grew by a drastic margin in 2015.

Top 10 states where you should consider refinancing to save money

Hint: FL is on the list. Maybe you should consider refinancing? Top 10 states where you should consider refinancing to save money : Thinking about whether you should refinance or not? If all-time-low interest rates aren't enough to motivate you, here's a list of the top 10 states to save money by refinancing. And if you live in one of the hottest housing markets in America, the answer will likely be a resounding yes.

NAR: Inventory shortages push homeownership further out of reach

NAR: Inventory shortages push homeownership further out of reach : A lack of housing inventory continues to stifle the housing market, making it difficult for potential homeowners to get on the property ladder. And according to the latest quarterly report from the National Association of Realtors, the problem is not going to subside anytime soon, impacting more than first-time homebuyers.

Monday Morning Cup of Coffee: Risky home lending really on the comeback?

Monday Morning Cup of Coffee: Risky home lending really on the comeback? : Mortgages received plenty of attention this weekend, and not just during Super Bowl commercial breaks, with reports offering divided views of the markets, according to the various media platforms that published the copy. Despite the click-bait headlines, it's not time to panic.

MBA: Mortgages applications reverse trend, drop

MBA: Mortgages applications reverse trend, drop : After three weeks of steady increases, mortgage applications posted a drop, falling 2.6% from one week earlier. Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances dropped to its lowest level since October 2015.