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All About Variable Rates

GLM Mortgage Group
Mortgage Finance
3 years ago

All About Variable RatesVariable rates are based on Prime Rate and the Bank of Canada’s overnight rate, can cause fluctuating,.. Read More;

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Second charge lending reaches new post-financial crisis record in August: Loans Warehouse

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The latest figures also show a post-financial crisis record has been set for the fourth consecutive month with August providing,.. Read More;

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Two- and five-year fix prices rise 13 basis points, Moneyfacts says

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The former ended the week at 4.66% and the latter, 4.67%. Meanwhile, the average rate for a three-year fix increased by,.. Read More;

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Three-quarters of buyers and sellers confident of brisk home sales: OnTheMarket

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The home selling website says 73% of active buyers in August were confident they would buy a property within three,.. Read More;

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With rates at 6%, what's next? Mortgage vets weigh in

National Mortgage
Mortgage Finance
3 years ago

Even as mortgage rates broke the 6% barrier as measured by Freddie Mac, the market is likely to stabilize soon,.. Read More;

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Banks, consumer advocates urge CFPB to rein in nonbank personal lenders

National Mortgage
Mortgage Finance
3 years ago

Two rare allies — a consumer group and bank trade association — are urging the Consumer Financial Protection Bureau to,.. Read More;

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Fannie Mae hires Anthony Moon as new chief risk officer

National Mortgage
Mortgage Finance
3 years ago

Fannie Mae is hiring Anthony Moon, currently an executive at Morgan Stanley, as its new executive vice president and chief,.. Read More;

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CFPB, FTC say court ruling would undercut credit reporting law

National Mortgage
Mortgage Finance
3 years ago

The Consumer Financial Protection Bureau and the Federal Trade Commission say that a 2021 federal court decision could limit protections,.. Read More;

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Home prices in New York, Chicago most at risk of downturn

National Mortgage
Mortgage Finance
3 years ago

Homes in and around New York City and Chicago are most vulnerable to price declines in a potential economic downturn,,.. Read More;

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How digital home valuations are impacting closing times

National Mortgage
Mortgage Finance
3 years ago

Waivers boomed during the pandemic's refi wave and the recent automation of desktop appraisals have provided additional flexibilities, but their,.. Read More;

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Mortgage rates surge past 6%

National Mortgage
Mortgage Finance
3 years ago

On-again-off-again inflation concerns pushed mortgage rates past 6% for the first time in almost 14 years, according to Freddie Mac.The,.. Read More;

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Why some borrowers have been slow to authorize underwriting data access

National Mortgage
Mortgage Finance
3 years ago

While lenders are seeing some use of third-party applications that help borrowers authorize digital access to data used in underwriting,,.. Read More;

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