Items Tagged with 'refi'

ARTICLES

  • Quicken Loans will now let Vrbo hosts use rental income to refinance their mortgage

    Income generated by short-term rentals will be used in underwriting
    A little over a year ago, Airbnb partnered with some of the nation’s largest mortgage players, including Fannie Mae and Quicken Loans, to allow hosts using the short-term rental platform to use income from their rentals to refinance their mortgage. Now, Quicken Loans is at it again; this time partnering with Vrbo to allow users of that platform to use rental income earned through that short-term rental platform to refinance their mortgage.
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  • Hello refis? Mortgage rates just had the largest one-week drop in 10 years

    Interest rates haven't been this low since January 2018
    Just over six months ago, it appeared that refinance demand had all but dried up thanks to mortgage interest rates that were pushing past 4.5%. But my how the tables have turned. According to newly released data from Freddie Mac, mortgage rates just experienced the largest one-week decline in a decade.
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  • Is the refinance market bouncing back? Number of refi candidates jumps 75%

    Refinance demand dried up in the last year, but could a comeback be afoot?
    Refinance demand has essentially dried up in the last year, but could things finally be turning around? Maybe, according to the latest data from Black Knight, which revealed that there are now 3.27 million homeowners who could reduce their mortgage rate by at least 0.75% by refinancing their mortgage. That's the greatest number of potential refi candidates since January 2018.
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  • Looking for the best time to refinance? Wait until 2020

    Interest rates to dip substantially
    “Both the consensus and financial markets are coming around to our view that the Fed will cut interest rates in 2020, but we still think they are underestimating how soon and how fast the Fed’s policy cycle is likely to turn,” said Capital Economics in a note to clients.
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  • Capital Economics: Mortgage apps likely stuck in a rut in 2018

    Interest rate hikes not helping
    Home purchase demand remains largely unchanged since 2016, according to a report from Matthew Pointon, a property economist at Capital Economics. That, couple with persistently low property inventory and looming rate hikes mean mortgage app performance next year is set to “meh.”
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  • FHFA: Are you eligible for HARP?

    Chart shows massive amount of eligible borrowers left
    In the first quarter of 2014, the number of mortgages refinanced through the program was 76,930. Meanwhile, in the state of Florida alone, there are 82,435 loans eligible for HARP now. But the FHFA is quickly shifting into overdrive to change this.
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  • Did HARP fail 8 million homeowners?

    President's "big deal" headed for a big flop
    In his 2012 State of the Union address, President Barack Obama hinted at expanding HARP to include non-Freddie Mac and Fannie Mae loans. The plan could help more than 11.4 million borrowers refinance and save an average $3,000 a year on mortgage payments. It never happened.
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