Mortgage rates have been effectively unchanged for 5 straight days now. During that time, the MND 30yr fixed rate index hasn’t moved by more than 0.01%. The average borrower would see almost exactly the same terms on any of these days. The absence of volatility isn’t much of a surprise given the time of year […]
Mortgage Rates Barely Budge, But Volatility Risk is Increasing Read More »
California Governor Gavin Newsom said a group of major banks have agreed to extend mortgage relief for Los Angeles wildfire victims, as the area struggles to rebuild one year after the devastating blazes. Processing Content Wells Fargo, JPMorgan Chase, U.S. Bancorp and Citigroup will streamline requests for an additional 90-day forbearance period, allowing borrowers to
Large banks extend mortgage relief for LA wildfire victims Read More »
A quarter of millennials have more debt than savings, with less than 45% of the post-college demographic able to stomach a 10% down payment, according to Clever Real Estate. Processing Content Just about all of the 29-to-44 year old cohort surveyed report holding at least one significant homebuying anxiety, as 40% say they’re desperate to
How cash-strapped are millennial home buyers? Read More »