If you have a quick release from Fannie Mae and Freddie Mac, you may want to be patient. While the chances that the pair coming out of the tutelage has increased sharply once Trump’s second term, he still faces a difficult battle. One of the main bonding points is mortgage rates, which many expect to … Read more
If you already have a mortgage, you might be curious to refinance, and more precisely if you need to use your original lender. Or if it is better to use them in relation to another option. Let’s talk about this to better understand how it all works. And why it might be logical to look … Read more
You’ve probably heard that one of President Trump’s objectives is to reduce mortgage rates. He talked about it on the campaign track before being elected and continued to ask for lower prices since the election victory. Like most others, it is well aware that the affordability of housing is poor today and that the rate … Read more
One of the greatest obstacles to ownership is the deposit. After all, the typical American barely has anything in terms of savings. Lastly, the median amount in a transaction account such as the check, savings or similar was only $ 8,000, according to the Federal reserve. And for these 35 and under, only $ 5,400, … Read more
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