by Candace Ellington | Feb 1, 2021 | Mortgage News
A new report took a close look at rental affordability and found that it’s cheaper to buy than rent in a majority of the country. The ATTOM Data Solutions Rental Affordability Report took the median price for a three-bedroom home in 915 counties and compared the costs...
by Candace Ellington | Jan 5, 2021 | Mortgage News
Despite the pandemic’s weighty impact, it did little to slow down the ability for homeowners to earn wealth this year. In the third quarter of 2020, homeowner equity rose to its highest level in six years. According to CoreLogic, a majority of homeowners saw their...
by Candace Ellington | Nov 16, 2020 | Mortgage News
A major push from homeowners applying for refinance loans drove the overall volume of mortgage applications. According to the Mortgage Bankers Association, a significant number of homeowners applied for a new refinance loan to close out the month of October. The...
by Candace Ellington | Sep 18, 2020 | Mortgage News
Nearly 20 million American homeowners qualify for refinance programs that will save them hundreds of dollars per month on their mortgage. Freddie Mac’s Mortgage Market Survey also shows a seven-basis point drop in the 30-year mortgage rate. It’s a new record low. The...
by Candace Ellington | Jul 16, 2020 | Mortgage News
This spring, a key housing index fell to a record low amid the COVID-19 pandemic. Much to the surprise of many, the market bounced back impressively thanks to consumer confidence and ultra-low interest rates. Fannie Mae’s Purchase Sentiment Index fell 29.5 points in...