Tag: Mortgage News

June 25, 2021 Marcus Terry 0 Comments

If you’re scratching your head wondering why home prices continue to go up and up, consider the fact that it’s actually cheaper now than it was a year ago. It’s also less expensive to own a home today than it was back in 2019, 2018, 2008, 2007, 2006, 2005, and even during parts of 2004. [&hellip

The post Real Estate Is Red Hot Because Mortgage Payments Are Still Cheap first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

Real estate Q&A: “Why Is the Housing Market So Expensive Right Now?” If you asked me this same question a few years ago, I would have had the same basic answer I’m about to explain. And since that time, home prices have surged much, much higher, which basically tells me the same fundamentals have been [&hellip

The post Why Is the Housing Market So Hot? first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

You’ve seen the headlines – mortgage rates have jumped from recent all-time lows. And they’re seemingly on an upward spiral that can’t be stopped. Except, they’ve actually seen some improvement over the past few days, thanks in part to the recent stock market rout, coupled with an easing in the 10-year bond yield. Still, the [&hellip

The post Higher Mortgage Rates May Exacerbate Already White-Hot Housing Market first appeared on The Truth About Mortgage.

June 24, 2021 Marcus Terry 0 Comments

In an effort to undo some of the damage the Federal Housing Finance Agency (FHFA) basically caused itself, it’s throwing a bone to so-called low-income families to save on their mortgage. It all spurs from the adverse market fee the very same agency implemented back in August 2020 to contend with heightened losses related to [&hellip

The post New Fannie/Freddie Refinance Option Drops Adverse Market Fee, Offers 0 Appraisal Credit first appeared on The Truth About Mortgage.

June 24, 2021 Marcus Terry 0 Comments

Queue the panic. Mortgage rates have officially spiked and the media is all over it. Yep, the average rate on a 30-year fixed mortgage increased from 2.65% to 2.79% this week, per Freddie Mac’s weekly survey. Freddie Mac Chief Economist Sam Khater noted in the weekly news release that mortgage rates have been under pressure [&hellip

The post Don’t Freak Out About the Recent Mortgage Rate ‘Spike’ first appeared on The Truth About Mortgage.

June 24, 2021 Marcus Terry 0 Comments

Not that it matters much these days, but apparently Thursday is the best day to list your home for sale. This is the latest advice from iBuyer and home valuation company Zillow, which noted that 21% of properties are listed on that particular day of the week. What’s So Great About a Thursday Anyway? Roughly [&hellip

The post Thursday Is the Best Day to List Your House first appeared on The Truth About Mortgage.

June 24, 2021 Marcus Terry 0 Comments

Just when you thought all hope was lost, mortgage rates appear to be going down again. It’s been a very tough start to 2021 with regard to mortgage rates, as the popular 30-year fixed climbed from around 2.75% to 3.35% in the span of about 60 days. This was clearly an unwelcome development for both [&hellip

The post Are Mortgage Rates Going Down Again? first appeared on The Truth About Mortgage.