What is Mortgage Loan Origination?
Mortgage loan origination is the process through which a borrower applies for a home loan, and a lender evaluates, processes, and approves or denies the application. This crucial step in … Read More
Tag: mortgage
Mortgage Applications Increase Amid Higher Refinancing Activity
The mortgage market is showing signs of increased activity as applications rise, fueled primarily by a surge in refinancing. With fluctuating interest rates and shifting economic conditions, homeowners and prospective … Read More
Trump’s Threatened Tariffs: Will Your Home Price Soar?
The potential for rising home prices is becoming a pressing concern as President Trump’s threatened tariffs on Mexico and Canada loom over the trade landscape. Tariffs, aimed at altering trade … Read More
How to Get a Mortgage: Process and Tips to Boost Eligibility
Buying a home is one of the biggest financial commitments you’ll make, and understanding how to secure a mortgage can make the process smoother and less stressful. Whether you’re … Read More
Mortgage and Refinance Rates Today, January 25, 2025: Rates Inch Up
Mortgage and refinance rates saw a slight increase on January 25, 2025, continuing a trend of gradual fluctuations observed throughout the month. Here’s a breakdown of what’s driving the movement … Read More
Interest-Only Mortgage: What Is It and How to Get One
An interest-only mortgage is a type of home loan where the borrower is required to pay only the interest on the loan for a specified period, typically between five and … Read More
Housing Market Shocker: Home Prices Surge Despite High Mortgage Rates and Tight Inventory
In a surprising twist for the housing market, home prices have continued to rise even as high mortgage rates and limited inventory present significant challenges for buyers. According to recent … Read More
US 30-Year Mortgage Rate Just Shy of 7% Weighs on Home Purchases
The US housing market continues to grapple with soaring mortgage rates, with the 30-year fixed-rate mortgage hovering just below the 7% threshold. This elevated rate environment has cast a shadow … Read More
Average US Long-Term Mortgage Rate Inches Up to 6.93% This Week for Fourth Straight Increase
The average long-term mortgage rate in the United States has increased to 6.93%, marking the fourth consecutive week of upward movement, according to recent data from Freddie Mac. This persistent … Read More
Ally to End Mortgage Originations, Cut Jobs Across Company
January 9, 2025 – Ally Financial has announced plans to cease its direct-to-consumer mortgage originations as part of a broader restructuring initiative aimed at streamlining operations and addressing profitability challenges. … Read More