Freddie Mac has released the results of its Primary Mortgage Market Survey* (PMMS*), showing that the 30-year fixed-rate mortgage (FRM) rate averaged 3.55%, the lowest it has been since November 2016. Sam Khater, Freddie Mac’s chief economist, says, “The drop in mortgage rates continues to stimulate the real estate market and the economy. Home purchaseRead more
Mortgage lenders continue to cite ‘consumer-facing technology’ as the most important business priority to maintain competitiveness, according to Fannie Mae’s Mortgage Lender Sentiment Survey (MLSS). Additionally, most lenders consider ‘online business-to-consumer lenders’ as their biggest competitor, citing their advantages in technology. The mortgage industry has faced a number of challenges in recent years. Technological advancements,Read more
TICOR TITLE CONTINUES STRONG MOMENTUM OF 2019 Ticor Title is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters – Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York – that collectively issue more titleRead more
During the last week of May, the 30-year fixed-rate mortgage dipped below 4.0% and has remained there amid concerns over trade disputes, a possible economic slowdown, and market anticipation of a Federal Reserve interest rate cut. This decline in mortgage rates has caused a spike in purchase and refinance mortgage applications. Moreover, we expect thatRead more