Many experts project mortgage interest rates to swing for new highs. Since the election, the trend has been up, and the numbers show.So before new norms kick in, many homeowners and investors are looking for the possibility to refinance, despite current market pressures. Taking advantage of Read more
So How Do You Compare Lenders?
You’ve been advised: compare lenders first before making a transaction with one. It makes perfect sense. Choosing the right people to originate your mortgage is easily as important as nailing down the right mortgage program.But how do you actually compare lenders? Do you simply search online and Read more
PMMS: Rates Drop for Second Consecutive Week
For the second week straight, mortgage interest rates declined, according to the latest Freddie Mac Primary Mortgage Market Survey. The report has shown the 10-year Treasury yield rise by 5 basis points for the week ending July 27, 2017 while the 30-year fixed-rate mortgage dropped by 4 basis points Read more
Mortgage Delinquency Plunges, Prepayments Soar
Jacksonville, Florida -- Black Knight Financial Services’ data show a downward shift of mortgage delinquencies in May 2017 following April’s uptick. It fell 7.13 percent month-over-month, according to BKFS’ First Look data.Prepayment activity also increased, soaring up 23 percent from the Read more
Previously-Owned Home Sales Up in May
The sales of existing homes have ticked up 1.1 percent over a month, contrary to market expectations of a 0.5 percent decline. This recent data was released by the National Association of Realtors. Report Highlights Seasonally Adjusted Annual RateOn the seasonally adjusted annual Read more
