Why Is The Gap Between Owner and Appraiser Home Value Opinions Widening?
The average American homeowner thinks their home is appreciating faster than appraisers do. Appraisal values in January were an average of 0.47 percent lower than what homeowners estimated, according the national Quicken Loans Home Price Perception Index (HPPI). January was the third consecutive month in which the gap between these data points widened from the […]
Is it a race against the clock? A mortgage refinancing spree is here
Some 2.43 million homeowners can reduce their mortgage interest rate by refinancing, according to a recent mortgage report by Black Knight, a mortgage data and analytics company. One such way to do this is through cash-out refinancing, an increasingly popular way for homeowners to draw equity from their homes while lowering their interest rate. Refi applications have […]
Cash-out mortgage refinancing: Here’s where homeowners are using it most
Homeowners who snagged a low-interest rate mortgage in recent years have a big incentive to avoid refinancing the loan because interest rates are higher now. When they need a large amount of cash, though, some homeowners are turning to cash-out refinancing — even if it means giving up a lower rate in the process. In […]
Are lenders more likely to say yes in 2019 to refinancing applications?
It’s easier to qualify to refinance If you tried and failed to refinance in the past, 2019 might be your year to qualify to refinance. Lenders are allowing higher debt-to-income ratios Average credit scores for approved loans are falling Down payments/equity are lower All of these things are good if you plan to buy a […]
Mortgage applications rebound in new year after a sluggish December
Consumers reacted in a big way to falling interest rates as mortgage applications increased 23.5% from one week earlier, according to the Mortgage Bankers Association. This week’s results include an adjustment for the New Year’s Day holiday. During December, even as interest rates dropped, mortgage application activity also declined. The MBA’s Weekly Mortgage Applications Survey […]
Are baby boomers to blame for the lack of housing inventory?
For once, it’s not the millennials‘ fault. Existing-home sales are on pace to fall 2.3% year-over-year in 2018, and the baby boomer generation is a big reason why, according to Fannie Mae Chief Economist Doug Duncan. Housing supply has been an ongoing challenge in the residential real estate market and unfortunately, the industry can’t just […]
When Is a Cash-Out Refinance Loan a Good Idea?
When using a cash-out refinance to pay off debt, make sure you are not at risk of running up that debt again. In a cash-out refinance mortgage, you take a loan against your home in excess of what you owe, leaving you with cash available to spend. Adding to the debt against your home could […]
Why Should Homeowners Refinance Now?
Refinancing a mortgage makes a lot of sense—if the math is in the borrower’s favor. If they can reset their loan at a lower interest rate than what they’re currently paying, they may be able to: Refinance now and save big Take cash out at closing to cover a home improvement project, pay off debt, […]
Online Lead Generation Activity Accounts for Nearly 23% of Total Refinance Originations in the U.S. for Q1 2018
Newport Beach, CA, August 22, 2018 –(PR.com) — In its latest analysis of over 2 million Internet generated mortgage leads, iLeads.com® concluded that online consumers drove over $29 billion in loan origination dollars and accounted for nearly 23% of total refinance originations in Q1 2018*. The total potential originations for the lead’s analyzed for the […]
Is Housing Sentiment Still Optimistic?
While Americans still feel it is a good time so sell a home and an okay time to purchase one, in June at least, they were feeling a little edgy about their job security. Fannie Mae says its Home Purchase Sentiment Index, a measure based on results from the National Housing Survey (NHS), declined last […]
