Mortgage News and Rate Updates
4 Reasons Fall May Be the Best Time To Buy a House
Fall’s certainly the season for pumpkin-carving, hayrides, and apple cider tasting, but more importantly? It’s also a great time to buy a house. Both the current market and historical trends point to good home-buying conditions for Americans this fall. From…
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Mortgage Applications Drop as Rates Hit Survey Low
Mortgage activity ticked down this week, with total applications dropping 4.8%, according to the Mortgage Bankers Association. Purchase loan activity was actually up 2% for the week, but refinances dipped 7%. They’re still 52% higher than one year ago. The…
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What Is an Appraisal Waiver?
If you’re refinancing your mortgage loan, you might qualify for an appraisal waiver. This allows you to skip the appraisal process, as well as the fees that come with it. Appraisal waivers are only available on conventional loans, so if…
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Mortgage Applications Rise, Despite Increasing Interest Rates
Mortgage applications jumped last week, rising nearly 7% over the previous week and 18% over the year. Refinance loan activity rose the most, with an 18% jump, while purchase applications increased 13%. Refinances are now 86% higher than the same…
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Mortgage Applications Drop but Activity Remains Strong
Total mortgage applications were down this week, even as mortgage rates held steady near record lows. Overall applications dropped 2.5%, while refinances dipped 4%, and purchase loan activity fell 12%. Meanwhile, rates on 30-year, fixed-rate loans stayed put at 3.07%. …
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Purchases, Refis Jump as Rates Dip Again
Mortgage activity jumped over Labor Day weekend, with refinances rising 3% over the week, and purchase loans up a slight 0.2%. Both are still up considerably over the year. According to Joel Kan, the uptick was due to dropping mortgage…
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6 Mistakes Homeowners Make When Refinancing a Mortgage
It may seem like everyone is refinancing their mortgages these days — and it’s no wonder why. Historically low rates have been making headlines throughout the year. The chance to lower your monthly mortgage payment is probably appealing, and you…
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Refis, Mortgage Rates Drop, While Purchase Loans Rise
Despite a drop in mortgage rates this week, overall mortgage activity declined 6.5% over the previous week. According to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA), refinance activity dipped 10% — its lowest level since…
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Why Larger Homes Are on the Rise
There’s been a lot of talk about small properties lately. Granny flats, accessory dwelling units, tiny houses, and in-law suites — they’ve all been making major headlines in recent years, especially as home prices crept up and the Marie Kondo-inspired…
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Mortgage Rates Rise, Sending Applications Down
Mortgage applications fell this week, dropping 3.3% from the week prior, according to the latest survey from the Mortgage Bankers Association. Refinances fell the most, dipping 5% over the week, while purchase applications dropped 1%. Both types of activity are…
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