Demographic Shifts Signal An Increase In home Inventory
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 flood the market, as the elder generation […]
Three Things That Can Move Rates This Holiday Week
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 the day, being affected by a variety […]
Inflation Remains In Check, Congress Is Gone, And Rates Are Flat
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 3.2%, the price index +1.8% a little […]
Existing Home Sales Dip In November But Also Set Records
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) moves throughout the day, being affected by […]
Rates Continue To Flatline As Trade And Impeachment Remain In The Headlines
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 vote on the two articles of impeachment […]
FHA to Reduce the Loan-To-Value (LTV) on Cash-Out Refinance Mortgages
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) percentages for cash-out refinance mortgages from 85 […]
Intelliloan Named LendingTree Top Ten Lender For Q2 2019
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, customer service and overall experience. The list […]
Leverage Home Equity to Cut Down Credit Card Debt
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. Many Americans across the country find it […]
Intelliloan Named LendingTree Top Ten Lender For Q2 2018
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 customer reviews for more than 500 mortgage […]
