News

The 60% reverse mortgage rule: What it is and how it impacts borrowers now
The 60% reverse mortgage rule limits upfront borrowing. Here's what that means for older homeowners and their debt.
Stacker on MSN1h
FHA loan requirements: FHA loans explained
SoFi reports that FHA loans are ideal for first-time buyers with lower credit scores and smaller down payments, though they ...
Mortgage Interest Rates Today: Mortgage Rates Dip Slightly Even as Fed Holds Steady on Cuts
The average rate on 30-year fixed home loans registered 6.72% for the week ending July 31, down slightly from 6.74% last week ...
Mortgage Rates Just Hit a 5-Week Low—Saving Buyers Over $1,000 a Year vs. Spring
Since early June, however, homebuyers have gotten some relief, with the flagship mortgage rate average moving further and ...
Mortgage Applications Today: Home Loans Decreased 3.8% but More Homeowners Opted To Refinance
More homeowners decided to refinance their current mortgage, as interest rates remained fairly steady—under 7%.
Why mortgage lenders are ignoring Trump’s rollback on home appraisal reviews
Some of the country's biggest lenders, including JPMorgan Chase, Bank of America Corp. and U.S. Bancorp, said they would make ...
General Mortgage Capital Corporation Launches GMCC MLO Academy and AI Suite, Unveiling “AI Advisor” App as Cornerstone
In a strategic move set to redefine professional development in the mortgage industry, General Mortgage Capital Corporation ...
How much can a 70-year-old borrow with a reverse mortgage right now?
Reverse mortgage loan amounts are tied to the expected interest rate. The lower the rate, the more money you can borrow. Some ...
HousingWire18h
Abandoned mortgage apps are on the upswing. Homebuyer confusion could be the culprit
Cotality’s survey of 1,000 recent and prospective U.S. homebuyers found that they ultimately care most about timing and ...