The post A Guide to Seller-Paid Mortgage-Rate Buydowns appeared first on Weekly Real Estate News.
A Guide to Seller-Paid Mortgage-Rate Buydowns
Weely Real Estate News
Are we seeing a mortgage rate lockdown?
Source: Housing Wire — The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. […]
Housing Wire
Mortgage apps decline as rates hit the highest level in six months
Higher mortgage rates caused by the debt ceiling drama and resilient inflation reduced demand for home loans last week, affecting the already depressed refinancings in particular, according to the latest Mortgage Bankers Association (MBA) data. The […]
Housing Bubble
Wells Fargo lays off hundreds of its mortgage bankers
The layoffs impacted some of the bank’s top performers – including bankers who exceeded $100 million in loan volumes last year, CNBC says. In an email, a Wells Fargo spokesperson tells FinTech Futures that the “displacements” are part of […]