“I think the last few years have paid off for us. First off, we grew 60% last year,” Arvielo said. “So I think the consolidation of loan originators is part of it. I think the move-up buyer is driving the market, meaning a former first-time home buyer [who] now has a significant amount of equity.”
The U.S. Department of Justice (DOJ) has launched a formal criminal investigation into New York Attorney General Letitia James, according to multiple published news reports. The probe, which became public Thursday, May 8, follows an April referral from Federal Housing Finance Agency (FHFA) Director William Pulte, who cited alleged mortgage application fraud involving James’ properties
Multiple reports on Thursday said the FBI launched an investigation into alleged mortgage fraud claims against New York Attorney General Letitia James, who rose to national prominence through her legal battles with President Donald Trump. Citing law enforcement sources, the reports said the FBI’s Albany office is handling the investigation, which stems from allegations that James falsified records to secure
People looking to get on the property ladder have been given a new mortgage option. Buying a house for the first time is financially straining but a bank has introduced a new scheme to help people. As reported by The Sun, Skipton Building Society has announced its Delayed Start Mortgage. It gives borrowers mortgage payments
The states with the highest 30-year new purchase mortgage rates Thursday were Alaska, West Virginia, Maryland, South Dakota, Maine, Mississippi, North Dakota, and Wyoming. The range of rate averages for these eight priciest states was 7.00% to 7.08%. Every other state, plus Washington, D.C., had a Thursday 30-year rate average below 7%. The cheapest of
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.95% +0.04 FHA 30-Year Fixed 7.37% No Change VA 30-Year Fixed 6.56% +0.03 20-Year Fixed 6.70% +0.04 15-Year Fixed 6.01% +0.04 FHA 15-Year Fixed 6.78% No Change 10-Year Fixed 5.90% -0.02 7/6 ARM 7.36% No Change 5/6 ARM 7.27% +0.04 Jumbo 30-Year Fixed 6.92% +0.04 Jumbo
Mortgage rates stayed steady this week. On Thursday, the Federal Home Loan Mortgage Corporation, better known as Freddie Mac, reported the weekly U.S. average 30-year fixed-rate mortgage rate remained at 6.75% for a second week. A posting on the Freddie Mac website offered an upbeat assessment of the current situation. “At this time last year,
article FILE – A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. (Photo by Justin Sullivan/Getty Images) The average rate on a 30-year mortgage stood at 6.76% for the second week in a row. The rate is not as high as the highest levels the U.S. has
Shopping for a mortgage is complicated and time consuming. You have lots of choices when it comes to financing a home, from loan programs, a span of interest rates and price options. You should be aware the mortgage world is comprised of four types of lenders: depositories, mortgage bankers, mortgage brokers and private money lenders.
The states with the lowest 30-year new purchase mortgage rates Wednesday were New York, California, Florida, and Texas. As the four most populous states in the country, they account for about one-third of the United States population. After those, the lowest rates are available in Massachusetts, Oregon, and Pennsylvania. The seven cheapest-rate states registered averages