Housing Wire

MAY 3, 2023

The Federal Reserve affirmed on Wednesday that its next key federal funds rate hikes will depend on incoming data. In turn, economists and housing industry experts have now turned their attention toward the June meeting, as that decision will dictate the future movement of mortgage rates.

Mortgages 399

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage 399

Housing Wire

MARCH 10, 2023

A host of nonbanks and traditional depository lenders, such as banks and credit unions, as well as a growing number of fintech firms continue to ramp up efforts and product lines to meet that demand. Toohig added that the interest rate on a HELOC is normally variable, “usually prime, plus 1.5 to 2 points.” billion in 2021 to $9.6

Equity 369

Equity Marketing Debt-to-income ratio Lending 369

Marco Santarelli

APRIL 26, 2023

During times of economic growth and prosperity, interest rates tend to be higher as lenders seek to capitalize on favorable conditions. Conversely, during periods of economic downturn or recession, interest rates tend to be lower as the government and central banks attempt to stimulate borrowing and spending to jumpstart the economy.

Marketing 52

Marketing Debt-to-income ratio Fixed-rate mortgage Banks 52

Housing Wire

AUGUST 7, 2023

While banks also have the capacity to make loans and hold them on their balance sheets, the majority sell most or all of their loans to secondary providers. is one of the few places in the world where you can get a fixed-rate mortgage amortized over 30 years. Fixed-rate mortgages provide stability and predictability.

Closing 368

Closing Fixed-rate mortgage Debt-to-income ratio Lending 368

Redfin

JULY 11, 2023

The interest rate and term length determine the amount of your monthly payments. What are the different types of mortgages? When considering mortgage options, it’s important to understand the different types available. To improve your chances of getting approved for a mortgage, there are a few key considerations.

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Redfin

SEPTEMBER 27, 2021

Shopping for a mortgage, you might encounter lenders who pre-qualify you for a higher loan amount than you expected. Many lenders work with standard debt-to-income ratio calculations which don’t take into account other costs of home ownership. The first step is understanding how much you can afford to spend on a mortgage.

Debt-to-income ratio 70

Debt-to-income ratio Closing costs Loans Title 70

HomeLight

JUNE 22, 2023

Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts. That’s because lenders will also look at your debt-to-income ratio, or DTI. That number will be your debt-to-income ratio.

Debt-to-income ratio 86

Debt-to-income ratio Mortgages FHA loan Loans 86