Rates for borrowers with lower credit scores who are making smaller down payments climbed past 7 percent on Monday. Source: Inman News
Posts published in “adjustable-rate mortgage”
Purchase loan applications continue to be weaker “due to the combination of much higher mortgage rates and the worsening economic outlook,” said MBA forecaster Joel…
A lender survey shows demand for purchase mortgages rose for a second week in a row, but borrowers are increasingly turning to adjustable-rate loans. Source:…
If mortgage rates rise by another half a percentage point — or if home prices go up another 5 percent — affordability will hit the…
ARM loans accounted for 17 percent of mortgage applications by dollar volume, with the average borrower seeking a $728,900 loan. Source: Inman News
No new LIBOR loans will be allowed after this year, but there’s also the matter of what to do with roughly $1.4 trillion in existing…
Turning homebuyers into investors can mean more financial security for them and more business for agents. But especially less-experienced investors may need help getting started …