Subject: Mortgage rate gap among lenders wider than previously understood
Mortgage rate gap among lenders wider than previously understood
May 31st, 2023 at 1:00 pm EDTMortgage rate gap among lenders wider than previously understood A homebuyer taking out a $300K loan could end up overpaying by $1,200 a year — and even more if they're in the market for a jumbo, FHA or VA mortgage, according to a new ...
Rocket's new 1% down mortgage also picks up tab for PMI
May 23rd, 2023 at 1:00 pm EDTRocket's new 1% down mortgage also picks up tab for PMI In a bid to do more business with homebuyers, Rocket Mortgage is rolling out a new loan that lets low- and moderate-income borrowers buy houses with as little as 1 percent down — without havi ...
How to answer buyers’ most-asked mortgage questions
May 16th, 2023 at 1:00 pm EDTHow to answer buyers’ most-asked mortgage questions ...
Regulator rescinds new Fannie, Freddie fee for riskier borrowers
May 16th, 2023 at 1:00 pm EDTRegulator rescinds new Fannie, Freddie fee for riskier borrowers Mortgage lenders are breathing a sigh of relief after Fannie Mae and Freddie Mac’s federal regulator said Wednesday it’s backing down from plans to institute a new fee on mortgages ...
Unlock homeownership with down payment assistance programs
May 9th, 2023 at 1:00 pm EDTUnlock homeownership with down payment assistance programs One of the biggest financial hurdles to homeownership is the down payment. Even with lower down payment options like the FHA loan, the high price of homes in many markets — the U.S. median ...
Low inventory prevents prices from falling even further
May 2nd, 2023 at 1:00 pm EDTLow inventory prevents prices from falling even further While homeowners are staying put out of reluctance to lock in higher mortgage rates, the few homes on the market are drawing competition, according to a report released Friday by Redfin. The ex ...