Weely Real Estate News
Real Estate Rebound: Demand for New Mortgages Jumps 28% in One Week
The post Real Estate Rebound: Demand for New Mortgages Jumps 28% in One Week appeared first on Weekly Real Estate News.
Mortgages
Weely Real Estate News
2022 marked the end of cheap mortgages and now the housing market has turned icy cold
Source: NPR — Evan Paul and his wife entered 2022 thinking it would be the year they would finally buy a home. The couple — both scientists in the biotech industry — were ready to […]
Weely Real Estate News
Thousands could miss out on mortgages due to rising energy costs – research
Source: Mortgage Introducer — A recent study has shown that the rising cost of energy could lead to thousands of applicants missing out on mortgages due to its impact on their affordability. Data analysis […]
Weely Real Estate News
America Mortgages Announces a Way to Obtain US Mortgages based on Rental Income Only
Source: EIN News — America Mortgages, the leader in U.S. mortgage originations launched a non-QM lending program for non- SINGAPORE, September 21, 2022 /EINPresswire.com/ — America Mortgages, Inc., the leader in U.S. mortgage loan originations for […]
Weely Real Estate News
“Bank of Mom and Dad” Increasingly Turning to Reverse Mortgages for Downpayment Gifts
Source: Storeys — The “Bank of Mom and Dad” — older homeowners who dip into their own wealth to help their Millennial-aged kids rustle up a home downpayment — has long been a presence […]
Weely Real Estate News
Will Mortgages Get Less Expensive in 2023?
Source: The Motley Fool — There’s a reason so many potential home buyers have struggled to become property owners this year. Between limited inventory and soaring home prices, affordability issues and a lack of choices have […]
Weely Real Estate News
85% of Homeowners with Mortgages Have a Rate Far Below Today’s Level, a Factor Prompting Many to Stay Put
Source: Business Wire — Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%, according to a new report from Redfin (redfin.com), the technology-powered real […]
Weely Real Estate News
Commercial Mortgages: Why apartment rental rates keep growing
Source: Richmond Times Dispatch — Martha and the Vandellas probably were not singing about financial markets in their 1965 hit “Nowhere to run … nowhere to hide,” but the song describes the feeling in […]
Weely Real Estate News
Adjustable rate mortgages are back
Source: Maine Public — ARI SHAPIRO, HOST: With mortgage rates up sharply, a lot more homebuyers are turning to adjustable-rate loans. These can be more affordable – at least at first – but they come […]
Loan Markets
Independent Mortgage Banks See Big Drop in Revenue & Profits
IMBs reported a net gain of $223 per originated loan in 1Q 2022, down from $1,099 per loan in the previous quarter. KEY TAKEAWAYS Average pre-tax production profit was 5 basis points (bps) in the […]