Articles by Alcynna Lloyd

Freddie Mac: Mortgage rates rise slightly, expected to remain low

The 30-year fixed-rate mortgage averaged 4.12% this week
Mortgage rates continued to rise further for the week ending April 11, 2019, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said despite the recent rise, mortgage rates are expected to remain low, therefore boosting homebuyer demand in the next few months.
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Hispanics now lead the charge in U.S. household growth

In 2018, the Hispanic homeownership rate climbed to 47.1%
According to a recent report from the National Association of Hispanic Real Estate Professionals, America's Hispanic population now accounts for more than 60% of the growth of the nation’s homeownership rate within the last 10 years.
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Zillow: This is the nation's typical home seller

76% of the nation's home sellers are Caucasian
As spring home buying season heats up, thousands of Americans are projected to list their homes for sale. And although homeowners of various backgrounds will take to the market, data suggests that a specific demographic of Americans are more likely to sell their homes.
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MBA: Mortgage applications fall as mortgage rates tick up

The Market Composite Index retreats 5.6%
In what may be a sign of just how sensitive borrowers are to fluctuations in mortgage rates, the Mortgage Bankers Association revealed mortgage applications declined further for the week ending on April 5, 2019, following a slight uptick in mortgage rates.
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More Americans are moving to these affordable inland markets

In San Francisco, less than 1% of homes are affordable on the U.S. median income
Spring home buying season is heating up, ushering millions of prospective buyers into the housing market. But while economic headwinds continue to impact American wallets, which housing markets are actually affordable for these eager shoppers?
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Freddie Mac: Mortgage rates dampen apartment investment outlook

But tight supply and strong demand buoy the market
In the fourth quarter of 2018, the environment for apartment investment worsened, following the highest increase of interest rates in nearly a decade, according to Freddie Mac’s latest Apartment Investment Market Index. But, net operating income for multifamily properties remains strong.
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Merchants Capital expands mortgage team, creates two new VP roles

Lundeen and Gilbert both have more than a decade of experience in the finance industry
Merchants Capital recently announced it expanded its mortgage banking division, appointing Lisa Lundeen and Toni Gilbert to newly created roles. Working out of the company's Saint Paul, Minnesota, office, Lundeen has been appointed to the position of vice president of government-sponsored enterprise portfolio management and Gilbert joins as the vice president of insurance compliance.
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