2022 FHA Loan Limits: Floor Rises to $420,680, Ceiling to $970,800

Similar to the FHFA, the U.S. Department of Housing and Urban Development (HUD) announces maximum loan limits each year for FHA loans. Today, they unveiled the 2022 FHA loan limits, which like the 2022 conforming loan limits, will be significantly higher than the limits in effect this year. This is thanks to continued home price… Read More »2022 FHA Loan Limits: Floor Rises to $420,680, Ceiling to $970,800

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Source: thetruthaboutmortgage.com

Neat Loans Will Give You a $500 Discount on Your Mortgage If You Got the COVID-19 Vaccine

This appears to be a first – digital mortgage lender Neat Loans will provide applicants with a $500 discount if they’re vaccinated for COVID-19. The Boulder, Colorado-based company believes they are the first mortgage lender, and indeed financial services company, to offer a discount for getting the COVID-19 vaccine. At a time when cases are… Read More »Neat Loans Will Give You a $500 Discount on Your Mortgage If You Got the COVID-19 Vaccine

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Zillow Hits Pause on iBuying for the Rest of 2021: Should We Worry?

In a rather surprising turn, Zillow has suspended new home purchases via its Zillow Offers unit through the end of 2021. It’s actually the second time they’ve suspended iBuying this year, the first coming back in March due to “market uncertainty” related to COVID-19. This time, it’s for reasons more loosely associated with COVID, namely… Read More »Zillow Hits Pause on iBuying for the Rest of 2021: Should We Worry?

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Source: thetruthaboutmortgage.com

Zillow Offers Shuts Down Because It Can’t Forecast Future Home Prices, 25% of Workforce to Be Let Go

In a somewhat strange turn of events, the iBuying unit of Zillow, known as Zillow Offers, is shutting down after an initial suspension late last month. I call it strange because it’s happening at a time when the real estate market has never been hotter. You would think that any entity or individual who purchased… Read More »Zillow Offers Shuts Down Because It Can’t Forecast Future Home Prices, 25% of Workforce to Be Let Go

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Source: thetruthaboutmortgage.com

New Fannie/Freddie Refinance Option Drops Adverse Market Fee, Offers $500 Appraisal Credit

In an effort to undo some of the damage the Federal Housing Finance Agency (FHFA) basically caused itself, it’s throwing a bone to so-called low-income families to save on their mortgage. It all spurs from the adverse market fee the very same agency implemented back in August 2020 to contend with heightened losses related to… Read More »New Fannie/Freddie Refinance Option Drops Adverse Market Fee, Offers $500 Appraisal Credit

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Source: thetruthaboutmortgage.com

Is the Housing Market Finally Slowing Down? Not So Fast…

It’s a question a lot of prospective home buyers are asking right now. When will the housing market slow down? When will the bidding wars end and prices fall back to earth? After an unprecedented year of home price gains, which somehow took place during a global pandemic, would-be buyers are looking for a reprieve.… Read More »Is the Housing Market Finally Slowing Down? Not So Fast…

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Source: thetruthaboutmortgage.com

Nation’s Second Largest Mortgage Lender to Accept Bitcoin Because They Want to Be First

The nation’s second largest mortgage lender, United Wholesale Mortgage, has plans to accept bitcoin for mortgage payments. The Pontiac, Michigan-based company’s CEO Mat Ishbia told Yahoo that scores of its customers hold crypto, so why not let them use it to pay the mortgage? As to why they’d want to do that, it’s a bit… Read More »Nation’s Second Largest Mortgage Lender to Accept Bitcoin Because They Want to Be First

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Source: thetruthaboutmortgage.com

Only 22% of Homeowners Refinanced Over the Past Year: Here’s Why

A new survey from home valuation and real estate listing company Zillow revealed that just 22% of homeowners refinanced their mortgages over the past 12 months. While that might sound like a decent percentage, it comes at a time when mortgage rates have never been lower. Zillow pointed out that 30-year fixed mortgage rates dropped… Read More »Only 22% of Homeowners Refinanced Over the Past Year: Here’s Why

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Source: thetruthaboutmortgage.com

Jim Cramer Thinks the Super Low Mortgage Rates Are Going Bye Bye

The other day, Jim Cramer was talking mortgage rates, even though he’s a self-described “stock person.” The backdrop was the better than expected jobs report, which jolted the bond market and sent mortgage rates higher. In short, more jobs and less unemployment equates to a recovering economy, which ushers in inflation and forces the Fed… Read More »Jim Cramer Thinks the Super Low Mortgage Rates Are Going Bye Bye

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Source: thetruthaboutmortgage.com

Is Real Estate Going Down, At Long Last? Why You Shouldn’t Get Your Hopes Up Just Yet

The headlines surrounding the housing market and mortgage rates have been quite pessimistic lately. So bad that you might think this so-called real estate bubble we’ve supposedly been in is about to pop, once and for all. The warnings have been coming for a while now, but more and more folks are saying enough is… Read More »Is Real Estate Going Down, At Long Last? Why You Shouldn’t Get Your Hopes Up Just Yet

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