What Lenders Should Do Now to Capitalize on a Potential Refinance Rebound in 2024
A deep dive into mortgage companies’ business tactics to survive and thrive through a downturn in U.S. home purchases.
Source: rismedia.com
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High cost of upgrading to a nicer home is locking up the market
The average homeowner with a near record-low mortgage rate would see their monthly payment shoot up 132% in order to move up to a 25% more expensive home.
Source: cnbc.com
Here's what upgrading to a nicer home could cost you, and why it's locking up the market
The average homeowner with a near record-low mortgage rate would see their monthly payment shoot up 132% in order to move up to a 25% more expensive home.
Source: nbcdfw.com
ICE Mortgage Monitor: Trading Up to a 25% More Expensive Home Would More Than Double the Average Mortgage Holder's Payment -April 01, 2024 at 09:04 am EDT
From 2000 to 2022, upgrading to a 25% more expensive home would have required the average homeowner to increase their principal and interest payment by roughly 40%, or about $400 per month Today,...
Source: marketscreener.com
ICE: First-time Homebuyers Made Up 55% of Agency Purchase Loans in 2023 Despite Market Slowdown
According to new data from ICE Mortgage Technology, a record number of first-time homebuyers took out conventional loans last year despite the slowdown.
Source: rismedia.com