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Appreciation Driving $4.7T Equity Economy

Appreciation Driving $4.7T Equity Economy

Continued increases in home prices is driving a the strongest equity market in a decade, according to the latest Mortgage Monitor Report by Black Knight Financial Services. The report, looking at February numbers, found that appreciation nationally has generated $4.7...

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Mortgage rates retreat for the second consecutive week

Mortgage rates retreat for the second consecutive week

Mortgage rates tumbled for the second week in a row as long-term bond yields fell to their lowest level in a month. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slid to 4.14 percent with an average 0.5 point. (Points...

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Seniors Are Worth Trillions in Equity

Seniors Are Worth Trillions in Equity

Seniors are sitting on trillions of dollars in equity, according to the National Reverse Mortgage Lenders Association (NRMLA). The association reported that retirement-aged homeowners saw an increase of 2.8 percent in home equity, or $170.7 billion, in Q4 2016. This...

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Will trended credit data result in more mortgage approvals?

Will trended credit data result in more mortgage approvals?

How more granular information will change lending behavior With foreclosures at a 10-year low, a good case can be made to take a look at strict lending standards that may be doing more harm than good. For example, during the period immediately following the housing...

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Mortgage rates fall back as investors’ concerns mount

Mortgage rates fall back as investors’ concerns mount

Mortgage rates retreated this week after a one-week spike following the Federal Reserve’s decision to raise its benchmark rate. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average fell to 4.23 percent with an average 0.5...

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