Archive for February 2020
NEWS: Minority homeownership rate hits eight-year high
Arnie Aurellano February 05, 2020 Data from the U.S. Census Bureau’s quarterly Residential Vacancies and Homeownership Survey revealed that the nation’s minority homeownership rate increased to 48.6% in fourth-quarter 2019. That’s up 0.8 percentage points from fourth-quarter 2018 and the highest figure since third-quarter 2011, when the rate reached 48.9%. The National Association of Home…
Read MoreEducating Realtors on the Company’s Unique Advantages
Mid-Island Mortgage’s Senior Mortgage Banker Vick Ramdeen had a great week educating realtors on the company’s unique advantages. He appeared as a speaker at a LIBOR continuing education class in West Babylon, NY, and at LIBOR’s Northeast Queens Chapter February meeting in Douglaston, NY.
Read MoreNEWS: Mortgage rates are at three-year lows — here are 5 questions to ask yourself before you refinance your mortgage
Jacob Passy February 12, 2020 The average rate for a 30-year fixed-rate mortgage now stands at 3.45%, the lowest since 2016 Mortgage rates are resting near record lows — and that’s spurring a wave of refinancing activity as Americans look to take advantage of the savings a cheaper interest rate could bring. Refinance loan volume…
Read MoreNEWS: 9 million homeowners could save big time on a mortgage refinance as rates hit 3-year low
Diana Olick January 31, 2020 Millions of borrowers can now save big on a mortgage finance as rates have hit the lowest level in more than three years. The average rate on the 30-year fixed mortgage just hit 3.49%, according to a survey by Mortgage News Daily, matching the lowest level since October 2016. That’s…
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