Millennials are flexing their homebuying muscles
Millennials have long been called the next wave of homebuyers. Recent data indicates their time has come. Millennials, or people between the ages of 19…
Category: Mortgage
Mortgage originations plummet as refis drop by 34%
Mortgage originations for residential loans fell 19% year-over-year in the fourth quarter of 2017, due primarily to a large drop in refinance volume, according to…
Mortgage rates rise following new Fed chairman’s testimony
The new Federal Reserve Board chairman’s testimony in Congress was the driver of this week’s mortgage rate increase, according to Freddie Mac. The 30-year fixed-rate…
Mortgage applications increase on higher purchase volume
Higher levels of purchase activity even with rising interest rates drove the increase in mortgage applications compared with one week earlier, according to the Mortgage…
Mortgage rates rise for seventh week
Mortgage rates rose higher this week as investors waited to see what they could decipher from the minutes of January’s Federal Reserve meeting. According to…
How to get rid of private mortgage insurance and avoid PMI on a new mortgage
Private mortgage insurance, or PMI, is what you pay to insurance the mortgage loan on your home. If you’ve been paying your mortgage insurance premium…