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https://journal.firsttuesday.us/wp-content/uploads/Audio_Mortgage_interest_rate_smarts.mp3Why this article is important: How do mortgage loan originators (MLOs) determine the interest rate to offer mortgage applicants? This article examines t...
Mortgage refinancing activity pulled back sharply this week, as higher interest rates put a damper on refi originations.The Mortgage Bankers Association's refinance index dropped 18% for the week ending May 22, compared to a week earlier. The g...
Key Takeaways
Lenders often base your manufactured home loan rate on your credit score and down payment.
Classifying the home as real property usually qualifies for better loan terms than personal property financing.
Older manufactured h...
Mortgage rate forecast for next week (Sep. 1-5)
Following last week’s hold, mortgage rates took a small step down and remain at 10-month lows.
The average 30-year fixed rate mortgage (FRM) decreased to 6.56% on Aug. 28 from 6.58% on Au...