Lending

Lending (1219)

Mortgage Rates Climb Above 6% for First Time Since 2008

Persistent inflation has led long-term U.S. interest rates to a peak unseen since the housing crisis. So reports CNN. Read more...

Bodnar of MMG: A Big Development, A Big Week Ahead

"The 10-yr Note yield approached an important ceiling of resistance," says Bill Bodnar of the Mortgage Market Guide (MMG). "In the coming week the Fed may determine which side of this important level rates will resides. This is a big moment for mortgage and housing." Read more...

'Zero-Down' Mortgages Spread as Banks Eye Racial Inequity

“Zero down payment” mortgages have been proliferating recently, as lenders including Bank of America, JPMorgan Chase and TD Bank offer such programs amid efforts to address racial inequity. So reports Axios. Read more...

Mortgage Demand Is Down 23% from a Year Ago: MBA

According to the Mortgage Brokers Association’s seasonally adjusted index, mortgage loan applications fell 23% year-over-year for the week ending September 2. So reports USA Today. Read more...

Rocket Mortgage, UWM Lift Conforming Loan Limits Early

First, Rocket Mortgage, and then, United Wholesale Mortgage, have each raised their conforming loan limits to $715,000. So reports the Los Angeles Daily News. Read more...

Mortgage Rates Touch Fresh 14-Year High

U.S. long-term mortgage rates have climbed to their highest point since 2008. So reports CNN. Read more...

Bodnar of MMG: Headline Risk Ahead

"After six weeks of moving higher, rates have stabilized despite more tough talk from a Fed Member and Europe raising rates by .75%," says Bill Bodnar of the Mortgage Market Guide (MMG).  Read more...

Bodnar of MMG: Pain Predicted, Pain Underway

On Friday August 26th, Fed Chair Jerome Powell said there would be "PAIN." And pain there has been, says Bill Bodnar of the Mortgage Market Guide (MMG). Read more...

BoA Launches Zero-Down-Payment Mortgages to Help Minorities

Bank of America has rolled out mortgages with zero down payment and zero closing costs in certain cities, part of a bid to increase homeownership in Black and Hispanic/Latino neighborhoods. So reports NBC. Read more...

Mortgage Rates Spike More Than Half a Point in Two Weeks

U.S. long-term mortgage rates have continued their upward climb, giving homebuyers no break from affordability worries. So reports Yahoo! Money. Read more...

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