Mortgage Insights

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

 

February Brought Drop in Existing Home Sales

Mar 24, 2017 - According to the latest data released by the National Association of Realtors (NAR), existing home sales reached a seasonally adjusted yearly rate of 5.48 million last month. This represented a drop of 3.7% compared to the 5.69 million recorded in January, but it was still 5.4% higher than it was...

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Volatility Expected in Mortgage Markets After Health Care Vote

Mar 23, 2017 - US mortgage rates moved lower for the seventh consecutive day yesterday, reaching a new low for the month. These drops were initially caused by relief over the Fed’s relatively dovish stance on future rate hikes, but that relief had started to fade by Friday. Over the past few days, the driving...

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CoreLogic Report Shows Drop in Mortgage Credit Risk

Mar 22, 2017 - CoreLogic, a major international real estate data, analysis and data-enabled solutions provider, recently published its CoreLogic Housing Credit Index (HCI) for the fourth quarter of 2016. This index computes changes in home mortgage credit risk characteristics over time, including debt-to-income...

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Mortgage Rates Approaching Lowest Levels in March

Mar 21, 2017 - US mortgage rates remained fairly stable on Monday, staying in line with their lowest levels of the past two weeks and coming quite close to their lowest levels so far this month. For most mortgage providers, this means a rate of 4.25% on a conventional 30-year fixed rate loan for borrowers with...

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Beneficial Home Equity Options

Mar 20, 2017 - Your home is a place where you can put down roots in the community and build fond memories over time. However, it can also be a helpful asset if you want to consolidate debt or you need money to pay for college tuition or a wedding. Below are some ways in which you can use your home as a powerful...

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