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 [...]
MBA says a meaningful jump in the supply of newly built homes will be key. The sun is shining as I write this today and the forecast is for warmer weather. While others might think of restarting outdoor activities or working in the garden, our [...]
Sizeable increases in home prices and low inventory won't be enough to drive buyers away just yet. Buyers are likely to continue to hunt for homes due to low-interest rates that have driven affordability to the point where buying is cheaper than renting in more [...]
Lenders are often presented with the choice of selling some upfront points to buy down the fixed rate mortgage as against going for the zero-cost option, or even receiving points (to pay off closing cost) for selecting a higher fixed interest rate. These rate-point combinations [...]
TOPLINE While mortgage rates have been rising lately – in tandem with climbing 10-Year Treasury yields – most housing experts think home sales will remain brisk this year as rates remain low by historical standards and inventory stays tight. KEY FACTS Mortgage rates have increased [...]
As mortgage rates suddenly skyrocket to heights not seen in months, borrowers are backing away and demand for home loans is falling, according to new data from a lenders trade group. But experts who keep a close eye on rates say consumers may have the [...]
Urban Institute, Feb. 25, 2021–Laurie Goodman, Jun ZhuHispanic households will account for 70 percent of net new homeowners between 2020 and 2040. Despite the many barriers to homeownership they face, they are the only racial/ethnic group that will experience an increased homeownership rate over that [...]
The past year has been like no other, housing-wise. Near-record-low interest rates, tight housing supplies and greater flexibility in where one lives have pushed a normally predictable housing cycle into uncharted territory, as three new housing reports show. RE/MAX: Winter Months Leave Buyers Undeterred RE/MAX, [...]
The Bay State's housing market saw “healthy” demand from buyers in January, creating a "strong" start for 2021, according to the Massachusetts Association of Realtors. In its monthly indicators report, the trade group said closed sales this January increased by 7.8% for single-family homes and [...]
Lending standards overall loosened during January, the Mortgage Credit Availability Index (MCAI) from Mortgage Bankers Association (MBA) and Ellie Mae indicates. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The MCAI is [...]
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Legal ©2000-2025 Mid-Island Mortgage Corp.® 900 Merchants Concourse, Suite #112, Westbury, NY 11590. All Rights Reserved. This is not a commitment to lend. Rates subject to change. Loans to borrowers with poorer credit scores are priced higher and are differentiated due to the high level of credit qualifying overlays. Restrictions apply. Licensed Mortgage Banker - NYS Department of Financial Services; MA Licensed Mortgage Lender/Broker # MC1259; Licensed by the NH Banking Department; RI Licensed Lender/Broker; Licensed by the NJ Department of Banking and Insurance; FL Mortgage Lender/Servicer; ME Supervised Licensed Lender; Licensed by the PA Department of Banking and Securities; Licensed by the Delaware State Bank Commissioner to engage in business in this State, License # 9680; CT, MD & MN Licensed Mortgage Lender; SC BOFI Mortgage Lender/Servicer; Illinois Residential Mortgage Licensee; Licensed with the North Carolina Commissioner of Banks; DC Mortgage Dual Authority Licensee; Georgia Residential Mortgage Licensee, # 57717; Virginia State Corporation Commission # MC-4685. By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
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