Lenders make homeownership possible for many people who don’t have the available cash to purchase a home. They also help buyers with bad credit or no down payment to obtain loans. Here, Realtor.com offers four ways lenders can assist you on the path to homeownership, along with some recommendations on how to make the most of this relationship. Lenders can provide pre-approval If
Mortgage applications increased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 14 (with an adjustment included for the Columbus Day holiday). The Market Composite Index, a measure of mortgage loan application volume, increased 0.6 percent on a seasonally adjusted basis from one week earlier.
Freddie Mac’s most recent Primary Mortgage Market Survey shows average fixed-mortgage rates moved higher for the week ending Oct. 8, with average fixed mortgage rates following Treasury yields. “The 10-year Treasury yield continued its climb, as an increasing number of financial market participants foresee a December rate hike after a series of positive economic data releases,” says Sean Becketti, Freddie
Average fixed mortgage rates remain largely unchanged ahead of this week’s employment report, according to the most recent Freddie Mac Primary Mortgage Market Survey. “The 10-year Treasury yield leaped to a two-week high following reports of the European Central Bank retreating from its bond-buying program ahead of its initial March deadline,” says Sean Becketti, Freddie Mac’s chief economist. “In contrast,
