Mortgage interest rates have hit their lowest levels since 2016. The favorable environment now opening up for consumers is sending ripple effects through the economy. As the Federal Reserve moves closer to easing monetary policy, there’s no immediate sign that the near-record low rates will reverse. The most recent Freddie Mac rate report had the […]
Simplifying the mortgage loan application process for the average consumer has been one of the biggest motivations driving change in an industry known for complications and delays. The fintech space is likely about to see big growth from one of its fast-growing players in Blend. The San Francisco-based company digitizes paper processes for more than […]
Reverse mortages can be a valuable product for seniors in the United States who live in a particular set of circumstances that support their financial well-being. For others, drawing on home equity can prove to be a dangerous bet that ultimately impacts the housing market in the wider community. A recent study conducted by USA […]
Ever since the 2008 recession, the trend of rebounding home values and stagnant income growth has made it increasingly difficult for working professionals to afford purchasing a home. A new study on how this pattern has impacted one particular profession in the United States — nursing — shows that Philadelphia is the second-best place in […]
Mortgage rates in the United States dipped to their lowest levels since September 2017 last week, sticking to about 3.82% for a 30-year-fixed mortgage on June 7. What was unexpected about this drop is that it held firm for about five straight days. Typically, these drops are reversed more quickly as Mortgage News Daily noted […]
