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 [...]
Incentivizing current owners to sell is key Homes listed for sale midweek sell for an average of 1.6 days faster than homes listed on weekend A new report from Redfin shows that homes listed midweek sell for an average of $1,700 more than homes listed on the weekend, based [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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Legal ©2000-2026 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 (Westbury) # MC1259-101 (Woburn); 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.
NMLS ID 1259 (nmlsconsumeraccess.org)
