by mdibrino@hqmloans.com | Oct 28, 2022 | Uncategorized
Jeremy Schachter, Arizona-based branch manager at Fairway Independent Mortgage, said the highest interest rates in decades had “definitely” had an impact on qualifying borrowers as well as prompting a “slight pause” in purchase loans. However, he added: “Normally, it...
by mdibrino@hqmloans.com | Oct 28, 2022 | Uncategorized
He offered a quick example of a common misperception. “So many people think you need 20% down! That’s basically what I do. I really try to advocate them, try to make sure they understand the impact of what that does to that family, their kids, and generations to come....
by mdibrino@hqmloans.com | Oct 28, 2022 | Uncategorized
Singleton doesn’t limit doling out guidance and advice piecemeal, client to client. His Major Money Matters educational platform has long educated consumers on a variety of financial topics. “It basically seeks to educate people about the mortgage business,” he...
by mdibrino@hqmloans.com | Oct 28, 2022 | Uncategorized
Read more: U.S. mortgage rates march to 20-year high amid market turmoil “Homebuyer affordability took an enormous hit in September, with the 75-basis-point jump in mortgage rates leading to the typical homebuyer’s monthly payment rising $102 from...
by mdibrino@hqmloans.com | Oct 28, 2022 | Uncategorized
“The share of U.S. borrowers who are six months or more late on their mortgage payments fell to a two-year low in August and was less than one-third of the pandemic high recorded in February 2021,” said CoreLogic principal economist Molly Boesel. Read next: Mortgage...
