It’s being called the Silver Tsunami. Zillow analysts report that over the 2017-2027 period, 920,000 baby boomer-held homes will be freed up yearly, with 1.17 million materializing in the succeeding years, from 2027-2037. That means 20 million more properties, (approximately 27 percent of the current owner-occupied stock) will…
THIS WEEK'S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout…
No change in the rate markets this morning. However, at 5:30 am EST, the 10 yr ran up to 1.95%. At 9:00 am 1.93% unchanged from yesterday. MBS prices at 9:00 am EST -3 bps from yesterday. Q3 final GDP 2.1% as expected, consumer spending increased from 2.9% to…
TODAY'S MORTGAGE RATE SUMMARY (Published Date 12/19/2019) HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing)…
MBS prices started lower this morning while the bellwether 10 yr was unchanged from yesterday at 1.89%. MBS prices at 9:00 am EST -12 bps from yesterday’s close. Weekly MBA mortgage applications last week; -5.0%, purchases -2.0% while refinances -7.0%. There are no other economic releases today. The House will…
FHA to Reduce the Loan-To-Value (LTV) on Cash-Out Refinance Mortgages FHA Issues Policy Guidance Reducing the Maximum Loan-To-Value and Combined Loan-To-Value Percentages on Cash-Out Refinance Mortgages Today, the Federal Housing Administration (FHA) published a letter announcing the reduction of its current maximum loan-to-value (LTV) and combined loan-to-value (CLTV)…
Intelliloan's top ten recognition was rated on its offered rates, fees and closing costs, responsiveness, customer service and overall experience Intelliloan was named to LendingTree’s Top Ten Customer-Rated Lenders list for Q2 2019. Intelliloan's top ten recognition was rated on its offered rates, fees and closing costs, responsiveness,…
Do you feel your credit card debt is mounting to unmanageable levels? Are you struggling to keep up with making the minimum payments? Did you try transferring your balances around, but only to end up from where you started? If this situation sounds familiar, you are not alone.…
Intelliloan was named to LendingTree's Top Ten Customer-Rated Lenders list for Q2 2018. This was announced by LendingTree on July 20, 2018. Intelliloan's top ten recognition was rated on its offered rates, fees and closing costs, responsiveness, customer service and overall experience. The list is based on actual…
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