Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020. According to an announcement from the FHA, the 2020 FHA loan limit for most of the country will be $331,760, an increase of nearly $17,000 over
Commercial and multifamily mortgage delinquencies remained at record lows in the third quarter of 2019, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report. “Loans financing commercial and multifamily properties continue to perform very well,” said Jamie Woodwell, MBA vice president of commercial real estate research. “Delinquency rates are
This week, the average U.S. fixed rate for a 30-year mortgage came in at 3.68%. Although this rate is left unchanged from last week’s percentage, it’s still more than a percentage point below the 4.75% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. “This week the economy sent mixed signals,
In August, loanDepot’s chief technology officer Dominick Marchetti announced that he was leaving to join Guaranteed Rate. Four months later, the empty role has been filled, as loanDepot announced the hire of Sudhir Nair as chief information and technology officer. In this new role, Nair and will be based at
In December, the majority of the nation’s rental prices either declined or remained relatively flat during the month, Zumper said in its National Rent Report. According to the company, it now costs the typical renter a median of $1,230 and $1,465 to rent the average one- and two-bedroom units. While
Early September’s three-year low in mortgage rates caused home prices to heat up in October, according to Black Knight. U.S. home prices grew at an annual pace of 4.25% in October, the biggest year-over-year gain in nine months, compared with an increase of 3.9% in September, as cheaper financing gave
It wasn’t what was expected this time last year, but much of the talk in housing this year has been about falling mortgage rates and their impact on the mortgage market. Beyond that, there’s been a lot of talk this year about iBuyers and what they will do to the
The share of refinances closed by Millennials increased in October to an all new high, according to the latest Ellie Mae Millennial Tracker report. The report showed 34% of all loans closed by Millennials, or those born between 1980 and 1995, were refinances. That’s up 1% from the previous month
Gateway First Bank announced that it hired Tony Taveekanjana as its new executive vice president and chief production officer. Taveekanjana has 20 years of experience with other mortgage banks and independents. “This is a significant event in the mortgage industry,” Stephen Curry, chairman and chief executive officer of Gateway First
People in California who want to buy a home without using a real estate agent can now do exactly that, thanks to Redfin. The online real estate brokerage, which has been growing its mortgage and direct homebuying operations over the last several years, also now offers a program that allows
Construction is strongest in Millennial areas, but growth in these areas has begun to lag, according to a report from the National Association of Home Builders. The majority of single-family and multifamily housing production in the U.S. is occurring in counties with the greatest concentration of Millennials, NAHB’s report said.
U.S. employers unexpectedly put the brakes on hiring in November, according to ADP Research Institute and Moody’s Analytics. Private sector employment increased by 67,000 jobs, dropping 45% from the prior month’s pace, according to the jobs report issued on Wednesday. Economists expected an increase of 150,000 jobs in November, according to the
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
Lake & Town Realty Partners With Real Estate Portal Lakefront Living Realty LLC
Reseller Hosting Provider Launches White Label Webhosting Education Campaign For Freelancers
Ohio Investment Real Estate Broker Launches New Property Search Website
Zillow News Truth Delta: Opinion & Editorial