Are Mortgage Rates Going to 8.5% Next?
The year 2022 has been absolutely dreadful with respect to mortgage rates. We’ve seen the popular 30-year fixed rise from sub-3% levels to around 7%… Read More »Are Mortgage Rates Going to 8.5% Next?
Mortgage News
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
I’ve been covering the mortgage industry since 2006, at a time when scores of banks and lenders were closing their doors after some very big boom years.
In fact, you can see my ongoing list of mortgage layoffs and closures if you’re curious just how many companies didn’t survive that period.
Fortunately, the climate has improved considerably since then, despite a big uptick in mortgage rates lately.
This too has led to companies merging or folding entirely, though this time around due to a lack of volume as opposed to an increase in loan defaults.
I strive to write compelling mortgage news stories, whether it’s the top lenders for a given year, a novel mortgage product, new loan limits, or a big policy change.
You can see all my latest mortgage news posts below.
Now You Can Get a Mortgage at Walmart
It’s official, you can get a mortgage at Walmart now. So next time you’re grocery shopping, or picking up other essentials, you can apply for… Read More »Now You Can Get a Mortgage at Walmart
What Is Inflation Buster from Rocket Mortgage?
I was watching some football this weekend and happened upon an ad for “Inflation Buster” from Rocket Mortgage. I’m always intrigued when I see a… Read More »What Is Inflation Buster from Rocket Mortgage?
The Truth About Falling Home Prices
Real estate doom and gloom articles are going to ramp up big time in coming months, if they haven’t already. You’re going to hear that… Read More »The Truth About Falling Home Prices
Crowdfunded Zero Down Mortgage Launched as Housing Market Peaks
A credit union out of Cheyenne, Wyoming has launched a crowdfunded, zero down mortgage loan for its customers. It comes at a time when still… Read More »Crowdfunded Zero Down Mortgage Launched as Housing Market Peaks
Why Homeowners Aren’t Selling
With all the talk of a housing market crash, there’s not a lot of data to support it. Sure, home price gains have moderated significantly… Read More »Why Homeowners Aren’t Selling
Watch Out for 8% Mortgage Rates
Now that interest rates have resumed their upward climb, do we have to worry about 8% mortgage rates next? Back in July, I questioned if… Read More »Watch Out for 8% Mortgage Rates
Housing Crash Imminent? The National LTV Is Below 30%
The topic du jour lately has been a housing market on the edge of disaster. But no one can quite agree whether it’s an affordability… Read More »Housing Crash Imminent? The National LTV Is Below 30%
Bank of America Launches a Zero Down Mortgage
This week, Bank of America unveiled a zero down mortgage option as part of their Community Homeownership Commitment. In short, they want to help more… Read More »Bank of America Launches a Zero Down Mortgage
A Severe Housing Downturn Is Now Possible
Sound the alarm. A severe housing downturn may now be in the cards in the United States. That is, if you believe the latest commentary… Read More »A Severe Housing Downturn Is Now Possible