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Mortgage News Daily

Mortgage rate forecast predicts 30 FRM to hit 3.9% in 2023

The Mortgage Bankers Association remained more conservative in its origination outlook for 2020 than some of the other forecasters, although the nearly $3.2 trillion in volume it expects would be the second highest origination total the industry has ever had. It is predicting a record amount of purchase originations in each of the following three …

Mortgage News Daily

Mortgage Rates Highest in Nearly a Month

Rates are appreciably higher than they were last week or indeed any time in past 4 weeks. That’s surprising news to those laboring under misapprehensions created by widespread reports of “all-time low rates” from last week. As we discussed yesterday, those reports were based on weekly survey data from Freddie Mac and the MBA, and …

Mortgage News Daily

How To Make Lenders Compete For Your Mortgage Rate

Use this trick to get a lower mortgage rate Mortgage borrowers often think of rate shopping as extra work. But what if you could make mortgage lenders work hard for you? By following the right steps, you can make lenders compete for your mortgage and negotiate a lower interest rate. This will still involve effort …

Mortgage News Daily

Sorry lenders: FHFA, GSE officials say mortgage refi fee is on track

There’s been hope among lenders who sell loans to the government-sponsored enterprises that a pending 50-basis-point refinance fee that’s been postponed could be entirely avoided. But when asked about the fee at the virtual Mortgage Bankers Association conference this week, executives at the GSEs and the director of their oversight agency all said they need …

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Mortgage Calculator X

#App Of The Day 21 May 2018 Mortgage Calculator X by Mortgage Calculator LLC www.designnominee… Source by designnominees

Mortgage News Daily

Mortgage and refinance rates today, October 21, 2020

Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But only by the smallest measurable amount. And conventional loans today start at 3.125% (3.125% APR) for a 30-year, fixed-rate mortgage. Markets still seem hopeful about the possibility of a preelection deal being struck over a stimulus package. But not all the necessary parties …