REwired

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Open commentary on everything impacting the U.S. housing economy. The opinions expressed here represent the author's alone.

Monday Morning Cup of Coffee: Number of borrowers with refi incentive plummets

Are you prepared for midterm elections
Amid rising interest rates, the latest data from Black Knight shows more than half of homeowners who entered the year with an incentive to refinance their mortgage have since lost it. And do you know what your candidate’s views are on issues surrounding housing, finance and other areas that are important for you? Here’s how to find out.
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FICO: Student debt creates a pull on credit scores

Practices of consumers who see an increase in credit score
In today’s competitive housing market, there are many factors that help determine whether a person is ready to buy – rather than rent – their next home. To better understand the profile of individuals who are taking the next step in their financial journey, FICO researched how previous financial milestones impact the readiness to open a mortgage among Millennials.
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This real estate market will see almost 12% in appreciation

This Washington state MSA is projected to lead in appreciation
According to the latest VeroFORECAST, this MSA is projected to see 11.7% appreciation for single-family residences and 11% appreciation for condos and townhomes and its market remains one of the strongest markets in the country, with its extremely low 1.4-month supply of homes struggling to fill the demands of its growing population.
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Debt-saddled consumers would give up social media, pets for financial relief

But, there’s a better way
Consumer credit card debt hit a record high of $1 trillion in early 2018, and on the rise, too, is Americans’ struggle to climb their way out. Financial stress is affecting not only relationships, but sleep as well as our day-to-day lives. It seems impossible to escape as people struggle to make payments and fall further into a tailspin of compounding interest.
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HousingWire's Mortgage Services Guide narrows down your loan servicing search

HW lists servicers that tailor to your specific needs
HousingWire’s Mortgage Services Guide is a one-stop shop for finding the service provider your business is looking for. This monthly blog will highlight different services, service providers and insights your business needs to stay compliant and efficient. Visit HW’s Mortgage Services Guide to start your search.
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