Mortgage Insights

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

 

Mortgage Applications for New Homes 18% Lower in December

Jan 16, 2018 - The latest Mortgage Bankers Association (MBA) Builder Application Survey showed an 18% drop in mortgage applications to buy new homes last month compared to November, as the ripple effects of hurricanes Irma, Harvey and Maria still took their toll on Florida, Texas and Puerto Rico. On an annual...

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Mortgage Rates Move Higher on Wednesday

Jan 11, 2018 - US mortgage rates moved significantly higher on Wednesday morning, bringing them to their highest levels in six months. This is a worrying trend for homeowners as yesterday also brought a new six-month high. Unlike on Tuesday, however, yesterday had its bad moments along with its good ones. The...

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Accessible Home Equity Reached Record Levels in Q3 2017

Jan 10, 2018 - According to a new report issued by Black Knight, well over 80% of American homeowners who have a mortgage had equity in their properties that could be tapped into at the end of Q3 2017. HELOCs – the interest on home equity loans – can no longer be deducted for income tax purposes after the...

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Mortgage Rates Increase Slightly on Monday

Jan 9, 2018 - US mortgage rates increased slightly on Monday, mainly as a result of movements in the bond market last week that never found their way onto rate sheets before the close of trading on Friday afternoon. The bond markets that underpin movements in mortgage rates in particular had a bad day on...

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Mortgage Rates Marginally Lower During First Week of 2018

Jan 5, 2018 - Approximately one month after a 25-basis point increase in the Fed’s benchmark interest rate, US mortgage rates are still hovering around the 4% mark. According to Freddie Mac’s initial Mortgage Market Survey of 2018, 30-year fixed mortgage rates managed to dip to 3.95%. The drop from 3.99% to...

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