Reporters discuss bombshell story on Better.com’s CEO

An exclusive interview with the Forbes reporters who recently wrote a bombshell article about Better.com CEO Vishal Garg’s controversial workplace culture.

Now is the time to double down on diversity and inclusion efforts

Quicken Loans Mortgage Services is proud to partner with a diverse set of brokers, which broadens the pool of potential clients they serve together.

How to Accelerate Closings in 2021

In this webinar, we’ll provide you with actionable insights to help you accelerate your closing process from point-of-sale through post-closing.

Why are sellers sitting on the housing market sidelines?

Why aren’t more homeowners selling in this hot housing market? According to new research from Zillow, a number of factors are at play.

Mortgage

MBA: Mortgage apps jump again, rise 9%

Rates drop to lowest level since October 2015

Mortgage applications managed to post another increase as more people choose to refinance their homes.

Mortgage applications grew 9% from one week earlier, according the Mortgage Bankers Association most recent weekly mortgage applications survey for the week ending Jan. 15, 2016.

The refinance index surged 19% from the previous week, while the seasonally adjusted purchase index dipped 2% from one week earlier.

The refinance share of mortgage activity drove a lot of the growth, increasing to 59.1% of total applications, up from 55.8% the previous week.

Furthermore, the adjustable-rate mortgage share of activity increased to 6% of total applications.

The Federal Housing Administration share of total applications dipped to 13.7% from 14.4% the week prior, while the Veteran Affair’s share of total applications declined to 10.8% from 12.2% the week prior.

The United States Department of Agriculture share of total applications marginally decreased, falling to 0.7% from 0.8% the week prior.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) decreased to 4.06%, from 4.12%.

Also decreasing, the average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,000) dipped to 3.93%, from 4.02%.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA fell from 3.90% last week to 3.86%, while the average contract interest rate for 15-year fixed-rate mortgages moved lower to 3.42%, from 3.29%.

In addition, the average contract interest rate for 5/1 ARMs increased to 3.2% from 3.14%.

All of the above except for 5/1 ARMs dropped to their lowest level since October 2015. 

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3d rendering of a row of luxury townhouses along a street

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