Queue the panic. Mortgage rates have officially spiked and the media is all over it. Yep, the average rate on a 30-year fixed mortgage increased from 2.65% to 2.79% this week, per Freddie Macâs weekly survey. Freddie Mac Chief Economist Sam Khater noted in the weekly news release that mortgage rates have been under pressure [&hellip
The post Donât Freak Out About the Recent Mortgage Rate âSpikeâ first appeared on The Truth About Mortgage.
It makes sense that the mortgage industry would see its best quarter in history during a global pandemic. Okay, it doesnât make sense, but thatâs what happened anyway, per the latest Mortgage Monitor report from Black Knight. Mortgage Lenders Originated $1.1 Trillion in Home Loans During the Second Quarter Mortgage lenders experienced best quarter in [&hellip
The post Mortgage Lending Volume Hits Highest Level on Record Despite COVID-19 first appeared on The Truth About Mortgage.
If youâre an existing homeowner, get excited, very excited. A new forecast from Zillow says home prices are going to rise 10.3% from this November until November 2021. Thatâs on top of the already stellar growth realized since around 2012, when home prices seemed to bottom and begin their meteoric and historic ascent. Those fortunate [&hellip
The post Home Prices Are Expected to Rise Another 10% by Next November first appeared on The Truth About Mortgage.