The company offers fixed and adjustable-rate conforming mortgages in 20 states and the District of Columbia. According to Redfin, new buyers can usually get pre-approved for a loan in 90 minutes of less and the company also guarantees 30-day closings or the buyer will receive a $1,000 credit towards closing costs. Lenders report rising second-lien production as homeowners protect low first-mortgage rates
Home equity lending is growing fast, and industry executives expect it to surpass Non-QM in origination volume as soon as 2027."I think equity originations are expected to surpass NonQM originations in 2027," said Tom Davis, chief sales officer at Deephaven Mortgage.The grow...
Realtor.com reports a sharp decline in purchase activity as higher rates erode borrowing power
Home contract signings fell 17% year over year in October, reaching their lowest level for the month on record, as higher mortgage rates continued to squeeze buyers out of the purchase market, according to Realtor.com's latest housing report.The annual decline was the steepe...
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