With the growing threat of coronavirus throughout the world, financial markets have been reacting with some crazy swings lately. Earlier this week, the Fed announced yet another rate cut to try and spark a market comeback after major losses caused some panic. Treasury Yield Market Impact As of today, we Continue Reading →
After the housing crisis that was at its worst in 2008, the nation’s real estate and mortgage markets took years to recover. These days, real estate prices are high and mortgage rates are low. One word we don’t hear hardly at all anymore—at least not when compared to a decade Continue Reading →
Refinancing has been such a major factor in the mortgage industry this past year. With mortgage rates low and home prices high, it’s the perfect situation for homeowners to refinance their mortgage loans. Most recently, we’ve seen the effects of the coronavirus in the financial markets. It has hurt the Continue Reading →
As is often the case when the stock market takes a dip, mortgage rates were actually affected in a good way. The average 30-year fixed mortgage rate went down slightly as the market has reacted to the coronavirus outbreak. Of course, what’s happening with this deadly virus is terrifying as Continue Reading →
Many of the country’s top lenders and financial associations have been pressuring the Consumer Financial Protection Bureau (CFPB). They have been asking to eliminate the strict debt-to-income (DTI) ratio requirement that is currently part of the Ability to Repay/Qualified Mortgage (QM) rule. What Are the Current DTI Requirements? Mortgage loan Continue Reading →
