Equity Fixed-rate mortgage Industrial Principal 
Housing Wire
MAY 3, 2022
Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. homeowners.
Housing Wire
JUNE 1, 2022
Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. homeowners.
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Housing Wire
JUNE 15, 2022
In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. “Not The mortgage industry is different from 14 years ago.
Realtor.com
JULY 5, 2021
More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices. Those lower monthly payments, instead of traditional 30-year fixed-rate mortgages, are proving to be a strong lure for buyers looking to afford a home in the white-hot housing market.
Housing Wire
DECEMBER 11, 2023
After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. When interest rates hovered around 8%, it really hurt affordability,” Steinway said. There is a lot more inquiry for home equity line credit. Some borrowers are even getting quoted in the 6% range.
Realtor.com
JULY 5, 2021
More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices. Those lower monthly payments, instead of traditional 30-year fixed-rate mortgages, are proving to be a strong lure for buyers looking to afford a home in the white-hot housing market.
Toronto Realty Blog
JUNE 20, 2022
It’s impossible to satisfy every individual, every industry, and every market segment and/or participant. So what was it like “back in my day,” as some of our parents would say, when interest rates were sky-high? monthly payment, how much, on average in the first year, was principal being paid down? $7.
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