Tag Archives: mortgage

Mortgage rates are expected to continue their downward trend in December. The US mortgage market is witnessing a resurgence in refinance demand, marked by a substantial 14% increase in applications. According to a CNBC report, this surge is attributed to a recent drop in mortgage rates, bringing them down to their lowest point since August. After a robust 8% rise in October, US mortgage rates are again approaching the 7% mark. This decline is proving to be a catalyst for the refinance...

The Mortgage Bankers Association said there was a 10% jump in homeownership demand last week in anticipation of paused rate hikes.  Mortgage demand in the US recently climbed considerably after the Federal Reserve signaled that it could pause interest rate hikes. The increase in applications for home-buying was a direct result of reduced mortgage rates last week. Although last week’s drop in mortgage rates was not substantial, it was enough to induce current homeownership demand. As it...

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United Wholesale Mortgage has become the first national mortgage lending company to say “yes” to cryptocurrency for home loans. People can now purchase their dream homes with digital assets. United Wholesale Mortgage Will Permit Home Payments in Crypto Bitcoin and its crypto cousins were initially created as a means of pushing checks, credit cards, and fiat currencies to the side. They were designed to serve as payment methods, though things have ultimately gotten in the...

Tom Barrack, the head of Colony Capital real estate investment firm, claims that the next big crisis can be harder than the Great Depression. He suggests that the market needs an additional supply of liquid cash, as well as borrow system restructuring until 2024.Per the U.S. based commercial mortgage market shark, Tom Barrack, the market signs are telling that the collapse is imminent. The borrowers must not fall into default, because this would mean a domino effect for the industry.Barrack...