Last week, it looked like a home-buying stampede had finally been unleashed as borrowers rushed to take out loans after the recent drop in mortgage rates. Or so it seemed, since home loan applications reached their highest level since January. However, this is not...
Often, on the side of the road, there are handwritten signs with all the charm of a ransom note that say things like “3-br 2-bath home for sale off-market call XXX-XXX-XXXX.” I sat in traffic next to one earlier today that was even less specific about what...
If you don’t understand home insurance, you will close on fewer homes, especially if you live in California or Florida. As you likely know, insurance companies have had some fairly high-profile breakups with many states due to increasing natural disasters,...
Don’t be fooled by multiple CE deadlines for MLOs. No matter what the NMLS’s national rules are, in certain states you must submit your CE based on earlier dates that are different from the NMLS’ deadlines. If you thought a deadline was a single...
In “celebration” of high interest rates, many home builders are offering buydowns to sell their inventory. Recent research shows that as much as of 75% of homebuilders are offering buydowns to keep their inventory flowing, which can be extremely beneficial to mortgage...
Last week, a mainstream newspaper published an article with a wild claim that turned out to be highly misleading. According to this article, there was a “strange surge in refinancing” despite sky-high mortgage rates, and refinances had increased 13%...
