Posts by Mid-Island Mortgage Corp.
NEWS: 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…
Read MoreNational Mortgage Professional Magazine’s Top Mortgage Employers
Mid-Island Mortgage is once again proud to be named one of National Mortgage Professional Magazine’s Top Mortgage Employers. Check out the details at: https://issuu.com/ambizmedia/docs/nmp_jan20_er
Read MoreNEWS: Study Finds Millennials Overwhelmed With Homebuying Process
Phil Hall January 27, 2020 Three out of four Millennials believe that being a first-time homebuyer is an overwhelming process, according to TD Bank’s First-Time Homebuyer Pulse. But despite the emotional exhaustiveness, 68 percent of this demographic feel it’s a good time to buy a home and 52 percent said they were actively searching home listings…
Read MoreNEWS: MBA Chart of the Week: Mobility Rates and Reasons for Moving
Edward Seiler January 17, 2020 This week’s MBA Chart of the Week examines the reasons why fewer Americans are moving. The U.S. mobility rate, defined as the number of movers as a percentage of the population, has steadily declined since the mid-1980s, and the most recent U.S. Census Bureau data show that less than 10…
Read MoreAnother Great Closing at Mid-Island Mortgage
VP, Sales Stephanie Santoro (center in yellow) provided the perfect mortgage for the Scotts as they bought their first home in Farmingdale, NY. Also playing critical roles were the Scotts’ realtors Lisa O’Donnell (left) and Anita Watterson (back) of Exit Realty Dreams in Massapequa as well as attorney Vincent Cella (right).
Read MoreAnother Great Closing at Mid-Island Mortgage
Mother and daughter Sonya and Cynthia Guzman (left and right) were able to afford their first home in Freeport, NY, thanks to the expertise of Senior Loan Officer Joe Robles.
Read MoreNEWS: Weekly mortgage applications soar 30% as homebuyer demand hits the highest level in 11 years
Diana Olick January 15, 2020 It was a seriously strong start to 2020 in the mortgage business for new home loans and refinances. Total mortgage application volume surged 30.2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinancing led the surge, thanks to a drop in mortgage rates.…
Read MoreNEWS: Unexpected side effect of Iran strike: Mortgage rates stay low as investors flock to bonds
Diana Olick January 3, 2020 The average rate on the U.S. 30-year fixed mortgage is now at the lowest level in a month, thanks to a run on the bond market overnight. Investors fled to the relative safety of bonds, after the U.S. confirmed an airstrike on Iran’s highest military commander. While mortgage rates are…
Read MoreNEWS: Housing Markets that Changed Most over Past 10 Years
Mike Sorohan January 2, 2020 CONTESTANT: “I’ll take ‘Demographics’ for 2020, Alex.” ALEX TREBEK: “Fort Lauderdale, Las Vegas, San Francisco, Salt Lake City and Nassau County, N.Y. Yes?” CONTESTANT: “Which U.S. cities have experienced the most dramatic housing shifts since 2010?” ALEX: “Correct.” According to Redfin, Seattle, the U.S. housing market ended the decade in…
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