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

Among the nonbanks that either have or plan to introduce HELOC loan products are United Wholesale Mortgage , Rocket Mortgage , Guaranteed Rate , loanDepot and New Residential Investment Corp. The Fed report is a measure of loan balances, not originations.) “The rebranded as Rithm Capital ).

Equity 369

Equity Marketing Debt-to-income ratio Lending 369

Realty Biz

SEPTEMBER 30, 2023

Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Redfin

JULY 11, 2023

Whether you’re a first-time homebuyer in Los Angeles or you’re considering refinancing your home in Tampa , this guide is tailored to equip you with the knowledge and understanding necessary to navigate the mortgage process effectively. What is a mortgage? How does a mortgage work? What is PMI, and when is it required?

Pre-approval 59

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

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. They do this to reduce their risk and to free up their capital to process more loans. Fixed-rate mortgages provide stability and predictability.

Closing 368

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

Marco Santarelli

APRIL 26, 2023

The rising interest rates doubled mortgage interest rates in 2022, peaking at 7% in November. There was speculation that the Fed might not hike interest rates in the wake of turmoil in the banking industry. However, it continued its policy of raising short-term interest rates to combat inflation.

Marketing 52

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

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. Determine your debt to income ratio (DTI).

Debt-to-income ratio 70

Debt-to-income ratio Closing costs Loans Title 70