Like hundreds of thousands of homebuyers in the UK every year, Steve didn’t think twice before applying for a short-term fixed-rate mortgage. It was only when his application was rejected on a technicality that the Somerset-based IT professional looked for other options. A mortgage broker suggested he try a new lender called Perenna. He was
Research conducted by STRATMOR Group shows that mortgage lenders using Snapdocs’ e-closing platform are 18 days faster than industry peers across the loan production timeline—from loan application through delivery to the secondary market. The research is based on self-reported performance data from over 150 mortgage lenders. It shows that lender participants using the Snapdocs e-closing platform averaged
Industry veteran Rick Roque has resigned from his position as corporate vice president at retail mortgage lender CrossCountry Mortgage (CCM) to join multichannel player Sierra Pacific Mortgage as executive vice president of retail. The transition was announced on Monday afternoon during a session at The Gathering, HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona. Roque, who co-founded M&A and retail
CHICAGO, April 22, 2024 /PRNewswire/ — Guaranteed Rate, the second largest retail mortgage lender in the country, welcomes the return of Wilmington, North Carolina’sChris Hutchens who rejoins in an expanded role of Producing Area Manager and SVP of Mortgage Lending. In addition to managing a top-ranked book of business, Hutchens will provide management and mentorship
Housing is all out of whack. Real estate is cyclical, and typically when mortgage rates shoot up, sales decline, and home prices fall; and eventually because home prices tumble, sales return. But none of that has happened. Home prices rose substantially during the pandemic housing boom as historically low mortgage rates and remote work fueled
Today’s mortgage rates Average mortgage rates just inched higher last Friday. But those rates start this morning appreciably higher than they did seven days ago. First thing, it was looking as if mortgage rates today could barely budge. But that could change later in the day. Current mortgage and refinance rates Find your lowest rate.
The insight in this tweet isn’t about home values or a lack of inventory but the feedback loop between the two as it relates to interest rates. There is a widely held belief among investors that high interest rates will crash housing markets. Well, we have higher interest rates (still historically low, but higher than zero), and home
Home flipping activity is down across the nation as people who work in the industry see reduced returns on investments due to high interest rates and inflation. Last month, ATTOM released its 2023 U.S. Home Flipping Report, which showed that 308,922 single-family homes and condos in the United States were flipped last year. That was down 29.3%
When it came to housing, Susan Apel and Keith Irwin thought they had planned adroitly for later life. They bought a four-bedroom house on two acres in Lebanon, N.H., 24 years ago, and “we made sure to pay off the mortgage before we retired,” said Ms. Apel, 71. That way, the home equity they had
Image source, Getty Images Article information Author, Kevin Peachey Role, Cost of living correspondent 5 hours ago First-time buyers are facing the toughest conditions in 70 years to buy a home, according to a report by the Building Societies Association (BSA). Those buying a first home were increasingly reliant on having two high incomes or