Mortgage
Rates Hit New Low, While Mortgage Activity Stalls Out
Mortgage activity dropped again, this time falling 1.8% over the week. Refinance applications were down 2%, while applications to purchase a home fell 1%. On both counts, activity is still much higher than one year ago. According to Joel Kan,…
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Home Buying Demand Is Up: Here’s Why Sellers Should Act Now
Despite all that’s going on in the country and its economy, home buying demand is surging. In fact, according to the Mortgage Bankers Association, applications to purchase a home are now up 18% over the year. Home showing traffic has…
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Mortgage Activity Drops, While Rates Hold Steady
Overall mortgage activity slid this week, with refinances dropping 12% and purchase loan applications dipping 3%. It was the first time purchase activity declined in months. Compared to last year, though, the market is still going strong. Purchases are up…
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Mortgage Applications Jump as Rates Hit New Lows Again
Mortgage activity increased once again, with mortgage applications rising 8% over the week. Refinancing rose 10%, while purchase loan applications jumped 4%. Though a 4% jump sounds minimal, it was actually the ninth straight week of increases and the highest…
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Home Prices Are About to Rise; Here’s How to Buy Fast Before They Do
As home buying demand starts to pick back up, home prices have started to rise again. As of May 2020, the median national listing price was a whopping $330,000 — up 1.6% over last year and a new high for…
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What is Loan-to-Value Ratio?
Your loan-to-value (LTV) ratio is one of the many factors a mortgage lender considers when evaluating your loan application. Put simply, it’s a percentage that reflects the size of your mortgage as a total share of your home’s value. Here’s…
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Mortgage Activity Jumps, as Rates Hold Steady at Record Lows
Both home buying and refinancing demand jumped last week. According to the latest data from the Mortgage Bankers Association, total mortgage applications rose 9.3% over the week, with refis increasing 11% and purchase applications jumping 5%. It was the eighth…
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Mortgage Activity Drops Thanks to Waning Refis
Overall mortgage activity was down this week, thanks wholly to a steep drop in refinances. According to the latest data from the Mortgage Bankers Association, refinance applications were down 9% over last week. Purchase loan activity, on the other hand,…
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Purchase Loan Applications Rise for Fifth Straight Week
Mortgage activity fell slightly this week, with overall applications dropping 2.6%. Refinances were down 6%, while purchase loans actually increased the same amount. Purchase loan applications have been steadily rising over the last month. Six weeks ago, they were 35%…
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8 Questions You Need to Ask Before Making an Offer on a Home
Finding that dream house is only the first step. If you want that home to be yours, you also need to impress the seller, out-best other buyers, and make a right-sized offer to get you there. Are you considering making…
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