Results for Purchase Mortgages

For the first time in 15 months, the share of purchase mortgage originations in March topped refinances, according to Black Knight.

Last year, investment in real estate tech startups totaled more than $6 billion, which isn’t surprising given the implications of big data on the housing economy. Everything from evaluating risk management to analyzing the next trend in housing depends on gathering “clean” information on mortgage borrowers and home sellers. But one group remains largely absent from this data collection, and this is the group that most…

Purchase mortgage applications across the country are now only 1.5 percent off the same week one year ago according to the Mortgage Bankers Association's latest survey.

Homebuyers don’t know what they don’t know, as recent studies have revealed, but credit unions can close this knowledge gap.

It turns out 2017 was a banner year for mortgages, just not all of them. A total of $1.148 trillion in home purchase mortgages were funded last year, the highest total since 2006, per new data from Inside Mortgage Finance. I guess if we consider inflation, and the fact that it has been over a decade, the numbers aren't

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In so many ways, 2020 had an outperforming start to the year. But times have quickly changed. HousingWire Columnist Logan Mohtashami give insight on how low purchase application data may go in the wake of the coronavirus. HW+ Premium Content

The nonbank market share of agency purchase mortgage originations is growing at an astronomical pace. While this is causing alarms with politicians and policymakers, it can actually be a good thing for the market.

When someone purchases their first home, this is a significant step. There are a number of issues that people need to think about because purchasing a home is typically someone’s most significant investment
With this in mind, there are three common traps that first-time homebuyers often fall into. Fortunately, there are ways to avoid these traps as well.
Looking At Homes Before Applying For A Mortgage
Perhaps the biggest mistake that people make is that they look for homes before they apply for…

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03/24/2017 | Author: Michael Schrantz
Not having enough credit history for a credit score doesn't necessarily mean you must go through a drawn-out manual underwriting process to get a home loan. If you have a history of making housing payments on time and references, you could benefit from a new automated process from Freddie Mac , a quasi-public agency that purchases mortgages
Starting in June, borrowers…

When you are in the process of buying a home, there are a lot of moving parts that need to work together. It can be hard for you to keep track of everything that has to happen, particularly if you are going through this process for the first time. With this in mind, there are a few basics that you should remember when you are looking for a home loan
Work With A Professional
It is critical for you to work with a…

Private mortgage insurance is a line item on many homeowners’ monthly mortgage statements, and it’s particularly common for first-time homebuyers that have little in the way of a down payment. If your down payment is less than 20% of the appraised value of the home, your lender will often require you purchase mortgage insurance for […]

Homeowners insurance and title insurance may not be the only kinds of insurance you need when you buy a home. Many buyers also have to purchase mortgage insurance, which lenders require for mortgages with a down payment of less than 20 percent. Take the time to understand what you’re buying and how long it will affect you
Mortgage Insurance Protects the Lender
Most types of insurance will pay you if you make a claim. Mortgage insurance, though, is solely for the lender. If…

A few years back, the Fed began purchasing mortgage-backed securities in an effort to lower interest rates on mortgages. Over time, the endeavor, known as Quantitative Easing (QE) proved successful and borrowers enjoyed the lowest mortgage rates in history. As planned, mortgage rates dipped to record lows, prompting a

The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward through this major health crisis. Let’s look at two measures that explain the resilience of the real estate market
Purchase Mortgages
The number of buyers getting…

Mortgage rates worsened last week amid evidence of an improving economy. Conforming mortgage rates climbed nationwide, rising to a 4-month high
Freddie Mac has the average 30-year fixed rate mortgage rate at 3.53% for borrowers willing to pay 0.7 discount points plus a full set of closing costs.
There was plenty of news on which for rates to move last week.
First, the Federal Open Market Committee (FOMC) met and voted to hold the Fed Funds Rate in its current target range near…

While homeowners typically equate the FHA loan program with low-down payment mortgages, FHA refinances are also available
In addition to easy-to-source rate-and-term and streamline refinances that replace an existing FHA mortgage with a better one, the FHA even offers cash-out refinance loans
A cash-out FHA loan refinance allows the borrower to take out up to 85 percent of the value of his property. In today’s market,…

Millions of Americans look to mortgage loans to help them buy homes, but the number of applications — and the percentage actually getting approved and funded — varies by where you live. To determine the states with the most mortgage purchase, not refinancing, loan applications and approvals, NerdWallet analyzed 2015 data from the Home Mortgage Disclosure Act...Read More