Is There Hope for American Home Buyers? There has never been a time when the US housing market has been this stagnant, convoluted, uncertain for buyers, financially strained, and utterly unaffordable. It’s frustrating for buyers and sellers, but more so because most Americans can’t grasp its current state or when buying conditions will brighten. For…
The High Cost of High Mortgage Rates As the brewing battle between President Trump and the FED intensifies, US homeowners face some anguish regarding mortgages and homeownership. With FED continuously creating excuses for keeping rates high with little evidence to support their decision, the housing market has suffered. Homeowners with mortgages can’t sell due to…
Rocket Mortgage (RKT) Rocket Mortgage is a top online mortgage lender based in the United States, headquartered in Detroit, Michigan. Often called Rocket Mortgages, the company is a subsidiary of Rocket Companies, Inc. (formerly known as Quicken Loans), which was the largest mortgage lender in the United States. They’re listed on the NY NASDAQ exchange…
Compare Lowest Home Mortgage Rates Housing markets from Boston to Tampa to Los Angeles and Denver all crippled by the mortgage rate locked-in effect. Sellers can’t afford to sell their homes and adopt a new mortgage at a higher rate. For mortgage agents, it’s a frustrating situation as they wait for mortgage holders forced to…
Rate Forecast: Are Lower Mortgage Rates Ahead? Will the FED lower rates in Mid September? And by how much? The next FOMC meeting will take place on September 17-18, 2024. If you’re a mortgage agent, these promise to be some lucrative times ahead as the refinancing wave begins. Actually, it’s already started and the banks…
Mortgage Refinancing Boom? It looks like we’re already into a mortgage refinancing boom period. As the FED lowers the central rate, banks and secondary market lenders will offer lower rate mortgages. You might consider a financial Tsunami, given how many mortgage holders need to refinance from now through 2026. When homeowners race in to refinance…
US Home Foreclosures Take an Upturn in July Tens of millions of Americans financed or refinanced their homes during the Covid Pandemic downturn. And this year and next, they’ll be forced to renew at much higher lending rates. It’s expected to be only a small factor in the 5 year housing market outlook, and likely…
HECM’s or Reverse Mortgages – A Good Choice? Many senior-aged homeowners have built up substantial equity in their homes. Consider that homes have doubled in value in the last 20 years, and it’s created a windfall of wealth (on paper). A reverse mortgage is a unique type of mortgage. It’s different than a home equity…
Cheaper Mortgage Rates What’s the immediate forecast for mortgage rates? Lower and perhaps even lower. If you’re buying a home or condo in 2018/2019, you’ll want to buy your mortgage in the next 6 months. The economy is improving and mortgage rates will rise. Shopping online means time saved, no sore feet, no parking hassles or…