As I said before when talking about mortgage, what a difference a week can make. Or even a few days. If you’re new to mortgage rates, be aware that they can be very volatile. And can change from one day to the next. Similar to a stock, the price might not be the same tomorrow … Read more
The Consumer Financial Protection Bureau (CFPB) has finalized a rule that will remove medical debt from consumer credit reports. In doing so, Americans’ credit scores are expected to increase by an average of about 20 points, increasing the number of home loan applicants who get approved for a home loan. The agency noted that “medical … Read more
In the world of mortgage and real estate, there is a saying: “Drive until you qualify.” This is a nice way of saying that if you can’t afford a house in a certain (desirable) area, jump on the highway and keep driving until house prices get higher. affordable! That might mean driving an hour from … Read more
Well, 2025 has gotten off to a rocky start with a fairly large mortgage lender already deciding to quit. Ally Financial has fully completed its mortgage loans, according to a statement from their spokesperson Peter Gilchrist. He told the Charlotte Observer that the company plans to exit the mortgage origination business in the first quarter … Read more
What a difference a year makes. Toward the end of 2023, mortgage rates fell nearly 150 basis points to usher in the new year. Meanwhile, mortgage rates jumped about 100 basis points to close out 2024. Ouch! In other words, things looked bright heading into 2024 and are looking a little bleak in comparison as … Read more
With house prices out of reach for many and affordability at its worst in decades, many people are talking about a new housing crash. However, just because purchasing conditions are not affordable does not mean we will see a cascading drop in property prices. Instead, we might just see years of stagnant growth or real … Read more
Today, there are countless lenders and NBFCs available at your fingertips and finding the one that you can rely on can be the real challenge. While many lenders promise quick cash and instant approvals, the risk of hidden charges, unregulated practices, and complex terms can leave you feeling confused. Contrarily, loan apps that are working … Read more
Published on : November 07, 2024 Have you ever been in a situation where you need money immediately for some unexpected expense? In such a situation, you must have turned to an instant loan app. Today, there are so many options of instant loan apps available at your fingertips that provide personal loans with minimal … Read more
If you’ve been reading the headlines recently, you’ve probably noticed that mortgage rates have risen again. And they did this despite another rate cut from the Fed, which confused many people. I’ve talked about this strange relationship before, but today I wanted to talk about real numbers. Yes, mortgage rates increased again by over 7% … Read more
Well, it happened again. The Federal Reserve announced another rate cut and mortgage rates increased. In fact, the 30-year fixed term now starts with 7 instead of 6 for most loan scenarios. What is happening? Although it seems to defy logic, it is a fairly common phenomenon. This also happened in September. This should make … Read more