Mortgage News Archives - Hot List Names

These Are the Top Reasons Home Buyers Haven’t Been Successful Lately

February 14, 2021

In case you havenât been paying attention, the housing market is en fuego. This is actually nothing new. Itâs been pretty red hot for years now, and home prices have risen consistently for about a decade since they bottomed around 2012. But amazingly, the housing market has become even more competitive lately, despite us being [&hellip

The post These Are the Top Reasons Home Buyers Haven’t Been Successful Lately first appeared on The Truth About Mortgage.

You Can Now Request COVID-Related Mortgage Forbearance for Up to 15 Months

February 12, 2021

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Some good news for homeowners struggling to make ends meet thanks to COVID-19, which as the name implies has been going on for a while now. The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, has just announced an extension to the COVID forbearance period, which was previously capped at 360 [&hellip

The post You Can Now Request COVID-Related Mortgage Forbearance for Up to 15 Months first appeared on The Truth About Mortgage.

Real Estate Is Red Hot Because Mortgage Payments Are Still Cheap

February 4, 2021

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| Mortgage, Mortgage News, Mortgage Rates

If youâre scratching your head wondering why home prices continue to go up and up, consider the fact that itâs actually cheaper now than it was a year ago. Itâs also less expensive to own a home today than it was back in 2019, 2018, 2008, 2007, 2006, 2005, and even during parts of 2004. [&hellip

The post Real Estate Is Red Hot Because Mortgage Payments Are Still Cheap first appeared on The Truth About Mortgage.

Donât Freak Out About the Recent Mortgage Rate âSpikeâ

February 1, 2021

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| Mortgage, Mortgage News, Mortgage Rates, Personal Finance, Refinance

Queue the panic. Mortgage rates have officially spiked and the media is all over it. Yep, the average rate on a 30-year fixed mortgage increased from 2.65% to 2.79% this week, per Freddie Macâs weekly survey. Freddie Mac Chief Economist Sam Khater noted in the weekly news release that mortgage rates have been under pressure [&hellip

The post Donât Freak Out About the Recent Mortgage Rate âSpikeâ first appeared on The Truth About Mortgage.

United Wholesale Mortgage Now Offering FHA Loans with Rates Below 2%

February 1, 2021

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The leading wholesale mortgage lender in the nation has brought the heat once again, this time offering 30-year fixed mortgage rates below 2% on FHA loans. United Wholesale Mortgage announced that borrowers can now lock in interest rates as low as 1.99% on FHA-backed loans via its popular Conquest program. The new Conquest for FHA [&hellip

The post United Wholesale Mortgage Now Offering FHA Loans with Rates Below 2% first appeared on The Truth About Mortgage.

Mortgage Rates vs. a Potential War with Iran

January 17, 2021

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| Money Tips, Mortgage, Mortgage News, Mortgage Rates

Well, itâs a new year and it certainly didnât begin quietly. Might as well address the elephant in the room when it comes to your mortgage. This isnât the first time Iâve discussed the possibility of war and its impact on mortgage rates, with the last discussion centered on the Syrian conflict back in 2013. [&hellip

The post Mortgage Rates vs. a Potential War with Iran first appeared on The Truth About Mortgage.

2021 Mortgage and Housing Market Predictions

January 16, 2021

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Welp, itâll be nice to close out 2020 and look ahead to a brand-new year that hopefully features a lot less drama and much more good news. While the housing market actually absorbed both the COVID-19 pandemic and the presidential election surprisingly well, we can probably thank the record low mortgage rates for that. And [&hellip

The post 2021 Mortgage and Housing Market Predictions first appeared on The Truth About Mortgage.

2021 Mortgage Rate Predictions: Mostly Flat But More Record Lows Possible

January 12, 2021

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| Money Tips, Mortgage, Mortgage News, Mortgage Rates

Yet another year is about to come to an end, and that means it’s time to look ahead to what next year has in store. I think just about everyone wants to see the back of 2020, though it wasn’t all bad news. The housing market actually held up surprisingly well, and mortgage lenders enjoyed [&hellip

The post 2021 Mortgage Rate Predictions: Mostly Flat But More Record Lows Possible first appeared on The Truth About Mortgage.

Home Prices Are Expected to Rise Another 10% by Next November

January 12, 2021

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If youâre an existing homeowner, get excited, very excited. A new forecast from Zillow says home prices are going to rise 10.3% from this November until November 2021. Thatâs on top of the already stellar growth realized since around 2012, when home prices seemed to bottom and begin their meteoric and historic ascent. Those fortunate [&hellip

The post Home Prices Are Expected to Rise Another 10% by Next November first appeared on The Truth About Mortgage.

Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows

January 9, 2021

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| Money Tips, Mortgage, Mortgage News, Mortgage Rates

Mortgage rates can be pretty volatile. Just like stocks, they can change daily depending on whatâs happening in the economy. Beyond that, mortgage rates can move based on news that doesnât involve a report on the economic calendar, such as a jobs report, GDP, housing starts, inflation, etc. Even if there isnât a direct financial [&hellip

The post Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows first appeared on The Truth About Mortgage.