Mortgage Insights

Get the latest mortgage news and other insights into the home loan industry from the at Bank of Internet USA.

 

Mortgage Rates Drop Unexpectedly After Recent Surge

Apr 14, 2017 - After Tuesday’s fairly strong jump in average mortgage rates throughout the United States, which included a 0.09% increase in rates on 30-year fixed-rate refinance mortgages, yesterday’s widespread rate drops surprised many observers. However, for those who already own a home and are considering...

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Vacation Homes Prices Surged in 2016 While Sales Plunged

Apr 13, 2017 - Rapidly increasing prices are starting to negatively affect the market for vacation homes, with an increasing number of American citizens now opting to rent instead of buying their vacation properties. According to a new report from the National Association of Realtors (NAR), sales of vacation...

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MBA Reports Improved Credit Availability in March

Apr 12, 2017 - In good news for Americans who plan to buy a home or refinance an existing home loan in the near future, the MBA’s Mortgage Credit Availability Index showed a 3.2% increase in mortgage credit availability in March, with the score going up to 183.4. In February, the index was still significantly...

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Mortgage Rates Somewhat Higher but Still in Range

Apr 11, 2017 - US mortgage rates increased marginally on Monday despite slightly lower returns in the bond markets that underpin these rates. On a typical day, lower returns in bond markets will translate to lower rates, but yesterday was an exception considering the timing of the volatility we saw during...

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Three Tips for Purchasing an Investment Property

Apr 10, 2017 - Real estate can be an effective way to diversify a portfolio while also providing short- and long-term income opportunities. However, you can't just buy any home and expect to see consistent returns. What are some issues to consider before you decide to buy a property as an investment? Rental...

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