Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

How to simplify the appraisal process for everyone in today’s hot market

While the world might be slowly getting back to normal, the housing boom is far from over. Appraisers need to make sure they have the right tools to manage the high demand.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.

MortgageReal Estate

How to lower your mortgage rate in 2017

Tricks for the rising interest rate environment

Mortgage rates on the rise, and have been for the last nine weeks, as evidenced by the latest data from Freddie Mac.

And with the Federal Open Market Committee recently announcing an increase in the federal funds rate, for the just the second time in 10 years, odds are that interest rates aren’t going to go back down any time soon.

So what are prospective buyers supposed to do in the face of a rising rate environment?

Over at CNBC, Diana Olick has a good primer on what to do, featuring one of HousingWire’s favorites, Julian Hebron, the executive vice president of sales and marketing at RPM Mortgage, and a good follow on Twitter at @TheBasisPoint.

Here’s a sample of Olick’s article:

For the average buyer who was thinking about getting into a new home last summer, but didn't, the monthly payment on that same home is now considerably higher. There is, however, a way to lower it by buying down the rate.

"Buying your rate down, or 'paying points,' means you're paying an extra fee on top of standard loan fees like appraisal, underwriting and a credit report to get a lower rate," said Julian Hebron, executive vice president of sales and marketing at RPM Mortgage.

"If you were getting a 30-year fixed loan of $325,000, you might get two options with and without points. Today the option with zero points might show the rate as 4.25 percent, and the option with 1 percent in points — equal to $3,250 — might show the rate as 4 percent," said Hebron. "Paying $3,250 at closing to lower your rate by .25 percent lowers your payment $42 per month, and lowers your interest cost $68 per month.

Click here or below for more tips on lowering your mortgage rate in 2017.

Most Popular Articles

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy. HW+ Premium Content

Oct 25, 2021 By and

Latest Articles

HousingWire Annual Demo: Evocalize

Collaborative Marketing Platform Evocalize’s technology makes it simple for corporate teams and technology platforms to unlock the power of sophisticated digital marketing for loan officers, brokers and real estate agents. Enable loan officers and agents to drive leads and revenue with easily customizable, automated programs built on best practices and data. Product Fast Facts #1 […]

Oct 26, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please