Mortgage News

interest rates

Interest Rates: How does it affect mortgage

Image Source: Bloomberg The Bank of England has raised interest rates again because the cost of living keeps going up. The benchmark rate went from 3% to 3.5% after the last meeting of the Monetary Policy Committee. This is the ninth time since December 2021 that

Federal Reserve

Federal Reserve: What the rate hike means

Image Source: Bloomberg At the end of its two-day meeting on Wednesday, the Federal Reserve raised its target federal funds rate by 0.5 percentage points. This was done to try to keep inflation down. Greg McBride, the chief financial analyst at Bankrate.com, says that even though

Virtual Home Lending Just Got One Step Closer To Reality

The US House of Representatives passed a bill allowing remote online notarizations. The vote was passed by the House with a vote of 336-90.  This bill allows a notary public commissioned under state law to remotely notarize electronic records. A total of 41 states have enacted

Mortgage rates decrease as demand increases

Mortgage Rates Decline Stirring up Demand

Mortgage rates have been steadily declining over several months. However, its demand has increased in light of buyers who are trying to find lower mortgage rates. According to the Mortgage Bankers Association, mortgage applications increased by 3.2% last week compared to the week prior. For instance,

Mortgage application soars as interest rates dip

Mortgage application rises as interest rates decline

Image source: Bank Rate Mortgage application volume is finally rising again after months of declines, with homeowners and prospective buyers moving to lower mortgage rates. Changes According to the Mortgage Bankers Association’s seasonally adjusted index, applications rose 3.2% higher than last week’s previous week. The average

Mortgage Lenders Preparing To Hedge A Looming Recession Unfolding

Inflation is on the rise, for those who locked in cheap rates on their homes rising rates interest hikes are being seen as a benefit. Goods and service prices are through the roof across the country, the latest CPI Report showed a 9.1% inflation rate average

What Raising Mortgage Rates Mean For First Time Home Buyers

For the last two weeks mortgage rates have cooled off from what has been consistent interest rate hikes throughout the whole year of 2022 thus far. Reports early this week are showing rates are beginning to creep back up, causing stress across the market for home

Learn How Arjun Dhingra Helps Consumers Navigate the Mortgage Industry

Arjun Dhingra is an American mortgage advisor who is dedicated to spreading financial literacy and valuable mortgage knowledge to home buyers. Dhingra has been in the mortgage industry for over 21 years, his organization advises on lending in over 13 different states. As a top producing

interest rates

Interest Rates: How does it affect mortgage

Image Source: Bloomberg The Bank of England has raised interest rates again because the cost of living keeps going up. The benchmark rate went from 3% to 3.5% after the last meeting

Federal Reserve

Federal Reserve: What the rate hike means

Image Source: Bloomberg At the end of its two-day meeting on Wednesday, the Federal Reserve raised its target federal funds rate by 0.5 percentage points. This was done to try to keep

Mortgage rates decrease as demand increases

Mortgage Rates Decline Stirring up Demand

Mortgage rates have been steadily declining over several months. However, its demand has increased in light of buyers who are trying to find lower mortgage rates. According to the Mortgage Bankers Association,

Mortgage application soars as interest rates dip

Mortgage application rises as interest rates decline

Image source: Bank Rate Mortgage application volume is finally rising again after months of declines, with homeowners and prospective buyers moving to lower mortgage rates. Changes According to the Mortgage Bankers Association’s