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Opinion: Why we need a mortgage rate reset

Housing Wire

In the early ’80s, rates were above 18% for a fixed-rate loan. Most people paid those loans for 30 years, on time. Refinances were not marketed then like they are today, nor were they the norm for a homeowner. Back then, the real estate agent found a home and the purchaser went to their bank and got a loan.

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Lenders, reach more buyers with new credit optimization platform

Housing Wire

In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Much has changed in the mortgage market over the five years since our last major product launch.

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Will Homeownership Bankrupt Americans?

DataMaster

After months of being outbid, he decided to wait and see if the housing market cools off a bit. I can’t help but wonder how Americans will fare as they settle into exorbitant mortgages that swallow up significant chunks of their income! in April 2004. By April 2021, the rate fell to 64.6%. It depends.

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Will Homeownership Bankrupt Americans?

DataMaster

After months of being outbid, he decided to wait and see if the housing market cools off a bit. I can’t help but wonder how Americans will fare as they settle into exorbitant mortgages that swallow up significant chunks of their income! in April 2004. Homeownership in the United States. It depends.

article thumbnail

Will Homeownership Bankrupt Americans?

DataMaster

After months of being outbid, he decided to wait and see if the housing market cools off a bit. I can’t help but wonder how Americans will fare as they settle into exorbitant mortgages that swallow up significant chunks of their income! in April 2004. Homeownership in the United States. It depends.