Earlier last week, Seattle-based retail conglomerate Amazon, owned by tech overlord Jeff Bezos, released a teaser on its website hinting a possibility that the giant is entering the real estate industry.In the website’s Home and Business Services page, a section mainly dedicated to connecting Read more
30Y FRM Rate Remains at 4 Percent Range
The 30-year fixed-rate mortgage rate remains steady within the 4 percent range according to the latest Primary Mortgage Market Survey (PMMS) by Freddie Mac. The hold is attributed to the mixed economic reports in the past few weeks. The Report An increase of 8 basis points were recorded for the Read more
Ellie Mae: Lenders Speed Up Loan Processing
According to the most recent Ellie Mae Originations Insight Report, purchase loans continue its second month soar to record a 63 percent increase in purchase originations. This is an increase from February’s 57 percent and January’s 53 percent. This has been the highest in the book since July last Read more
Rates Inch Higher Post French Election
Mortgage rates inched higher after France’s presidential elections. The 30-year fixed-rate mortgage is quoted at 4.125 percent on top-tier scenarios while other lenders may offer rates at 4 percent, though with higher upfront costs. What is going on? If you’re one of the majority, you probably Read more
More Credit Access Driven by New Jumbo Lending Programs
Mortgage credit availability increased in March, per a report released by the Mortgage Bankers Association on April 6, Thursday. Quantitated by the Mortgage Credit Availability Index (MCAI), the release reported an increase of 3.2 percent from the previous month’s numbers. The Report March showed Read more
