The average top-tier 30yr fixed mortgage rate rose 0.08% last Friday after the jobs report came in much stronger than expected. Today added another 0.02% of upward movement. Today’s level of 6.68% is the 3rd highest of the past 9 months. Unlike Friday, there were no big-ticket economic reports driving volatility in rate markets. The […]
Mortgage Rates Just a Bit Higher After Last Week’s Jump Read More »
American homeowners removed 2% more equity from their properties year-over-year in the first quarter, the most for the three-month period since 2021, ICE Mortgage Technology found. Processing Content It estimated $47 billion in equity was withdrawn in the quarter, down from $49 billion in the fourth quarter but up from $46 billion in the first
Americans pull $47 billion in equity from their homes in 1Q Read More »
Better and Coinbase have closed the first Fannie Mae-supported mortgage backed by Bitcoin in the United States. Processing Content The companies also confirmed plans to make the product available to qualified borrowers nationwide by this summer. Interested customers can currently apply to a waitlist, which has a projected $250 million in loan volume, a Better
Better closed first Fannie-supported loan backed by Bitcoin Read More »