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Mortgage News Daily

Mortgage and refinance rates today, October 19, 2020

Today’s mortgage and refinance rates Average mortgage rates inched higher last Friday, as we predicted. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Find and lock a low rate (Oct 19th, 2020) Current mortgage and refinance rates Program Mortgage Rate APR* Change Conventional 30 year fixed 3.063% 3.063% Unchanged …

Mortgage News Daily

Fitch says multifamily evictions could spike when CDC moratorium ends

Last week, Fitch Ratings predicted that delinquent rent payments in American multifamily properties could lead to an increased number of evictions when the Centers for Disease Control and Prevention’s moratorium on evictions expires at the end of the year. Despite multifamily mortgage delinquencies remaining at a low level – Fitch says they are only “slightly” …

Mortgage News Daily

Homebuilder confidence in U.S. increases to fresh record high

U.S. homebuilder confidence advanced in October to a fresh all-time high as record-low interest rates continued to fuel sales and the demand outlook. A gauge of builder sentiment climbed to 85, the highest in records back to 1985, from 83 a month earlier, according to the National Association of Home Builders/Wells Fargo Market Index released …

Mortgage News Daily

Refinancing After Mortgage Forbearance | Rules & Process

Can I refinance if I used mortgage forbearance? If you put your mortgage in forbearance during the first wave of COVID-19, you’re probably thinking about what comes next once your payments resume. With mortgage rates at historic lows, you may want to refinance to reduce your monthly payments and make your loan more manageable. The …

Mortgage News Daily

CRE developers craving improved data and analytics

The COVID-19 pandemic has amplified the level of uncertainty and existing challenges in the property development market. This stems from several factors including hesitation in asset classes like the office sector and retail, as well as varying levels of uncertainty in different markets and country, weighing on government response to the pandemic. The Global Property …

Mortgage News Daily

WFG Lender Services rolls out MyHome Exchange to expedite mortgage lending

WFG Lender Services has added a new offering to its MyHome suite that expedites refinance transactions. Initially launched in 2015, MyHome is a platform for the residential resale market. It provides a timeline view of the entire escrow process, enables pro-active communication, as well as facilitates data and document collection, storage and sharing. Building on …

Mortgage News Daily

Rocket Mortgage launches new mortgage platform for realtors

Rocket Companies, a top mortgage originator and parent of Rocket Mortgage and Quicken Loans, has released Rocket Pro Insight, a new platform that keeps real estate agents up to date on their clients’ mortgage status. “Rocket Pro Insight is the latest innovation in a long line of FinTech tools we have created to improve the …

Mortgage News Daily

Snapdocs builds on momentum with $60m funding

Snapdocs has announced plans to build on growth momentum with the $60 million it has raised in a recent Series C funding round. The new funding comes less than a year after the digital mortgage platform company secured $25 million, bringing its capital to $103 million. With home sales surging and interest rates near record …

Mortgage News Daily

Downtrend in mortgage credit availability persisted in September

The supply of mortgage credit in the US reached another record low in September, continuing a downward trend that was driven by a decline in the conforming loan segment. Mortgage credit availability dwindled by 1.9% to a reading of 118.6 in September, down from 120.9 in August, according to the Mortgage Bankers Association’s Mortgage Credit …