Weekly mortgage applications sink 4.9% as homebuyers pull back

Mortgage apps drop despite rate drop  21 Hours Ago | 01:13 Something spooked homebuyers last week, and it wasn’t interest rates, because they fell. Even refinancers retrenched. Total mortgage application volume dropped 4.9 percent from the previous week, according to the Mortgage Bankers Association. Applications are now 8 percent lower than […]

New mortgage lending in UK reaches highest level since 2008

Philip Hammond was subjected to sharp criticism following the budget last month when analysis from the independent Office for Budget Responsibility showed steps to scrap stamp duty for most first-time buyers would push up house prices and only help 3,500 people buy a home. There was positive news for ministers seeking to curb the buy-to-let […]

Mortgage warning: two-year deals ‘dangerous’ as house prices weaken and rates rise

  Looming interest-rate rises and a stagnant housing market mean first-time buyers with large mortgages are at risk of becoming “loan prisoners” where in future years they will be trapped paying some of the highest rates, mortgage experts have warned. The most popular mortgage deals involve fixing rates for just […]

Reverse Mortgage Vs. Residential Sale Leaseback: Which Is Right For You?

Shutterstock Whether you’re interested in pursuing the option or not, you’ve likely heard of reverse mortgages. You can’t watch television, read a newspaper or walk through most cities without seeing advertisements for them. There’s a new concept taking flight in real estate that has the potential to seriously overshadow reverse […]