Mid-Island Mortgage Corp.

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So far Mid-Island Mortgage Corp. has created 182 blog entries.

FHFA releases new refi option for low-income borrowers

Following an incredible year for refinances that mostly benefited wealthier borrowers, the Federal House Finance Agency announced it is implementing a new refi product that targets low-income borrowers with single-family mortgages backed by Fannie Mae and Freddie Mac. According to the regulatory agency, this new product will assist borrowers who were less likely [...]

By |2021-05-03T18:05:57+00:00May 3, 2021|News|Comments Off on FHFA releases new refi option for low-income borrowers

Can the Housing Market Get Any Hotter? A Guide to Home Buying This Spring

The words “spring home buying season” carry a very different meaning this year than they did last year. Normally spring is the hottest time of year for home sales — more buyers surface when the warmer weather emerges and families prefer to move before the [...]

By |2021-04-29T15:07:55+00:00April 29, 2021|News|Comments Off on Can the Housing Market Get Any Hotter? A Guide to Home Buying This Spring

More Than 4 In 10 Millennials Refinanced In The Past Year

More than four in 10 millennials refinanced their mortgage in the past year, according to a report from LendingTree. Record-low mortgage rates fueled the number of refinances which nearly doubled the overall average. During the pandemic, 26% of homeowners refinanced their mortgage, according to the report. Additionally, [...]

By |2021-04-28T17:03:06+00:00April 28, 2021|News|Comments Off on More Than 4 In 10 Millennials Refinanced In The Past Year

Weekly mortgage demand jumps 8.6% after interest rates fall to a two-month low

Last week was the first overall increase in weekly mortgage applications since the end of February.Applications to refinance a home loan jumped 10% for the week, but were still 23% lower a year ago, the Mortgage Bankers Association said. A sharp drop in mortgage interest [...]

By |2021-04-27T16:23:22+00:00April 27, 2021|News|Comments Off on Weekly mortgage demand jumps 8.6% after interest rates fall to a two-month low

Down Payment Assistance Focused on First-Generation Buyers Could Help Millions Access the Benefits of Homeownership

Incentivizing current owners to sell is key As the US population becomes older and more diverse, lagging homeownership rates for young households and households of color should cause concern. Homeownership is the primary way American families have built financial security—through long-term accumulated benefits of loan repayment, appreciation, and fixed [...]

By |2021-04-13T15:25:56+00:00April 13, 2021|News|Comments Off on Down Payment Assistance Focused on First-Generation Buyers Could Help Millions Access the Benefits of Homeownership

Here’s how to fix the housing market inventory crisis

Incentivizing current owners to sell is key The U.S. housing market is in the midst of an inventory crisis. The number of homes for sale in the U.S. is hovering near record lows, caused by a pandemic-induced housing inventory death-spiral. At the same time, home sales [...]

By |2021-04-13T15:17:06+00:00April 12, 2021|News|Comments Off on Here’s how to fix the housing market inventory crisis

Despite Price Spikes, Homeownership Remains Affordable

Two reports-from ATTOM Data Solutions, Irvine, Calif., and First American Financial Corp., Santa Ana, Calif.-say despite sharp spikes in home prices, homeownership remains affordable for most workers, which continues to drive housing demand. ATTOM released its first-quarter 2021 U.S. Home Affordability Report, showing median home [...]

By |2021-04-01T20:59:44+00:00April 1, 2021|News|Comments Off on Despite Price Spikes, Homeownership Remains Affordable

Why US Real Estate Has Prospered During COVID

  It is safe to say that the majority of financial markets experienced unparalleled levels of turbulence in 2020. A global pandemic caused a sharp worldwide economic contraction, leaving a spate of global markets decimated-in many cases, both demand and supply were severely affected. The [...]

By |2021-03-29T20:40:57+00:00March 29, 2021|News|Comments Off on Why US Real Estate Has Prospered During COVID

Why More Single Women Are Invested In Homeownership And The Obstacles They Face

Previously, we reported that single women are accounting for twice as much growth in home purchases than single men. Why exactly are single women more invested in homeownership? According to a report from Credello, women are getting married and having children later in life, focusing more on their [...]

By |2021-03-15T21:39:54+00:00March 15, 2021|News|Comments Off on Why More Single Women Are Invested In Homeownership And The Obstacles They Face
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