The idea of living mortgage-free can be particularly enticing for individuals nearing retirement. At this time, it’s also common for empty-nesters to consider selling the large family home in favor of a smaller property or condo that’s easier to maintain. Homeowners who have lived in a house for a long […]
A turnaround in interest rates turned borrowers back on their heels last week, deflating a quick boom in refinance demand. Mortgage application volume fell 5.6% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications were still 24% higher compared with the same week one year […]
The recent drop in mortgage rates may have you dreaming of buying a new home or refinancing your current house. You’re not alone. Housing sentiment has surged thanks to those low rates, according to government-sponsored mortgage giant Fannie Mae. Its monthly survey, released Monday, shows that positive sentiment in March jumped to […]
While it appears that the Federal Housing Administration may not be backing mortgages for Deferred Action for Childhood Arrivals recipients, Fannie Mae declared recently that it supports (and will continue to support) mortgages for DACA recipients, also called Dreamers. In recent weeks, HousingWire has been investigating whether the federal government is backing mortgages for Dreamers. In the wake […]
Average U.S. mortgage rates have been falling. (AP Photo/Steven Senne) Mortgage rates are at the lowest in more than a year, with the 30-year fixed rate now averaging 4.28%. This is according to weekly data compiled by Freddie Mac. The last time rates were this low was February 2018, and […]
LIC Housing Finance Ltd (LICHFL) on Monday said it has partnered India Mortgage Guarantee Corporation (IMGC) to offer home buyers enhanced loan eligibility and easy loans. With IMGC’s back-up, LICHFL will be in a position to offer extended loan tenure for borrowers till the age of 75 years. This will […]
Coronation Road in the suburb of Sandhurst in Johannesburg. Picture: SUNDAY TIMES There has been an uptick in mortgage lending in recent months, which appears to be supported by the big banks vying more aggressively for a slice of SA’s R960bn home loans market. The value of outstanding household mortgage […]
“Shark Tank” star and financial expert Kevin O’Leary has some advice for homeowners: “The No. 1 debt you want to get rid of is pay off your mortgage,” he tells CNBC Make It. A big reason to prioritize paying off your mortgage as soon as possible is the change in tax […]
In a recent 4-3 decision, the Florida Supreme Court concluded that a borrower was entitled to her appellate attorneys’ fees because she was the prevailing party in a judicial foreclosure action in which her mortgagee had voluntarily dropped the appeal. Marie Anne Glass’ mortgage loan servicer filed a complaint for judicial […]
Mortgage rates improved today, breaking a 3-day streak with effectively no change. This gets us part of the way back down to the long-term lows achieved at the end of last week. At that time, the average lender was quoting conventional 30yr fixed rates that were roughly 5/8ths of a percentage point […]
