Real Estate Marketing & Beyond

Tips for Obtaining a Mortgage During Retirement - You Need a Strategy

By Brian Kline | September 20, 2022

Housing, Mortgage, Real Estate

Black mortgage applicants still face discrimination, study finds

By Mike Wheatley | August 30, 2022

Aspiring Black homeowners still face more obstacles than other demographics in their pursuit of homeownership, a new report from the online loan marketplace LendingTree has found. The research found that the denial rate for Black mortgage applicants is almost twice as high as the nation’s average in the country’s 50 largest metropolitan areas. LendingTree based […]

Housing, Mortgage, News

Rising rates hurt buyers more than home price rises, economist says

By Mike Wheatley | August 26, 2022

Home buying is getting harder, with mortgage rates on the rise again this week. This Thursday, they hit an average of 5.55%, according to data from Freddie Mac. Mortgage rates are now almost double what they were one year ago, and the latest data highlights the impact the increases are having on the cost of […]

Cons of an Adjustable Rate Mortgage

Home Buying, Mortgage, US Real Estate

The Cons of an Adjustable Rate Mortgage

By Bill Gassett | August 24, 2022

Over the last few years, it has been an extreme seller's market characterized by low inventory and rising home prices. Home sellers have been in the driver's seat. Most homes listed for sale have experienced bidding wars, with sales prices far exceeding the asking price. It has been the ultimate nirvana for home sellers. Not […]

mortgage applications

Why Mortgage Applications Continue to Decline

By Anita Cooper | August 18, 2022

According to recent data, mortgage applications are at their worst in 22 years. Just a short time ago, it seemed everyone was in a rush to either buy a home or refinance, but now Americans have put the brakes on the housing market. There are several reasons for the dip in mortgage applications, including mortgage rates, inflation, […]

15 year mortgage

Why a 15-Year Mortgage is Better than a 30-Year Mortgage

By Ben Shepardson | August 17, 2022

Nearly 87% of people who buy homes finance their home purchases. While many choose 30-year loans, some choose a 15-year mortgage. Financing a home is the easiest way to buy a house. After all, it allows you to pay off your home for the next 15 to 30 years instead of saving enough money to pay cash for […]

Housing, Mortgage

Refinance applications jump on wild swings in mortgage rates

By Mike Wheatley | August 12, 2022

Mortgage rates last week rebounded, having dropped towards the end of July. As a result, mortgage demand was split, with refinancing applications moving higher while homebuyer applications fell, according to the latest data from the Mortgage Bankers Association. The data shows that the average contract interest rate for a 30-year fixed-rate mortgage with a conforming […]

Housing, Mortgage, Real Estate

Mortgage applications rise amid strong demand for ARMs

By Mike Wheatley | June 24, 2022

Mortgage applications surprisingly jumped 8% last week compared to the previous seven day period, boosted by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association. However, applications are still down 10% compared to one week ago. The MBA said that last week’s jump in mortgage rates may have actually increased homebuying demand, as consumers […]

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