What are mortgage rates doing with the bank failures

FHFA has put in some layers that can increase your interest rate on a FNMA/FHMC mortgage By Didier Malagies • 06 Mar, 2023 • When it comes to getting a mortgage loan, interest rates are one of the most important factors to consider. The interest rate you receive will directly impact the amount of money […]

Inside 3 New Construction Florida Homes As mortgage rates increase & PRICE CUTS CONTINUE!

In today’s video, we toured 3 homes for sale in Central Florida! I hope you enjoyed this video and can see the difference in prices Florida has to offer compared to most other states. Thinking about moving to Florida (Orlando, Tampa, or South Florida)? My team and I would be happy to help you. E. […]

Reactions pour in to ‘eyebrow raising’ spring budget – Mortgage Finance Gazette

Reactions to chancellor Jeremy Hunt’s Spring Budget are continuing to come in from across the industry, and it’s a mixed response. While the lack of announcements for the housing industry has been met with disappointment by some, for others it’s more a case of ‘no news is good news’. Positive economic signs in the form […]

A Warning To The Housing Market

Housing Affordability is at the lowest level in a decade as a major recession indicator just flashed its loudest warning ever as Fed Chair Powell signals higher interest rates suggesting a hard landing could be coming. Will House Prices Crash or Stabilize along with inflation moderating? Will we see the pivot the FED Pivot in […]

Lendi Group names new general manager of lending

Online lending specialist Lendi Group has announced the appointment of a new general manager of lending, Shaun Lordan, who it says will drive the next stage of growth for the lending platform. Formerly chief product officer at Nano, Lordan (pictured above) is a fintech executive specialising in consumer banking, having worked for HSBC, Barclays and […]

Flood premium relief sought in reintroduced bill

A reintroduced bill seeks to provide certain homeowners affected negatively by the recent repricing of one form of disaster insurance with temporary relief. The bill, the Homeowner Flood Insurance Transparency and Protection Act, proposes temporarily giving consumers with higher rates the option to revert to the previous pricing model until the Federal Emergency Management Agency […]

Realtors are QUITTING. (Housing Crash Warning)

T. are over 1.5 million realtors in America. And the clock is ticking for these real estate agents. The number of realtors is still at an all-time high, about 50% above the long-run average in America… During the last housing bubble, we had a big run-up in realtors, but as the bubble popped in late […]

Mortgage rates tumble in the wake of bank failures

A residential neighborhood in Austin, Texas, on Sunday, May 22, 2022. Jordan Vonderhaar | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily. That’s down from a rate of 6.76% on Friday and a recent high of 7.05% last Wednesday. Mortgage […]

Gift Money For Mortgage Loan on Home Purchase

Gift Money – Money that is given to a borrower that is used for down payment and or closing costs. Many first time home buyers use gift money to buy a house. Here is what you need to know about the process: WHO – Any immediate family member, sorry, no friends or cousins WHERE – […]

Investor Cash Flow – MortgageDepot

Investing in real estate can be an excellent way to build wealth, but finding the right financing can be a challenge. That’s w. MortgageDepot comes in. As a mortgage broker, we work with a variety of lenders to find the right loan product for your needs. One of the options we offer is Investor Cash […]