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WEBThe MortgagePoint Advantage. Our vision stretches beyond the horizon of today’s market trends. We aim to set the standard for the future, envisioning as the indispensable hub for mortgage professionals nationwide. We see a future where every decision in the industry is informed, every professional is connected, and every challenge is met with ...
Homebuyers Seeking Connection to Community - The …
WEB1 day ago · September 17, 2024. For a variety of reasons, community connection has felt unattainable in recent years, and the need for it has become more pressing. According to a 2023 study on America’s “loneliness epidemic” by the U.S. Surgeon General, around one in two adults in the country suffer from loneliness as a result of social separation.
Welcome - The MortgagePoint
WEBWelcome to MortgagePoint! In our continuous effort to provide comprehensive and timely information, we've combined the strengths of DS News and MReport into one unified platform - MortgagePoint. This new platform offers a 360-degree view of the mortgage industry, including insights on loan origination, default servicing, and more.You will be redirected to MortgagePoint, where you
Fed Cuts Interest Rate by a Half-Point - The MortgagePoint
WEB23 hours ago · The rate cut of a full half-point to a new range of 4.75% to 5.0% was announced by Federal Reserve Chair Jerome H. Powell at the conclusion of today’s Federal Open Market Committee (FOMC) meeting. The move by Powell is in response to the fight against inflation, after the Fed kept rates at a an all-time 23-year high for more than a year.
More Boomers Are Staying Put - The MortgagePoint
WEB2 days ago · Boomers who bought homes decades ago are in an especially favorable position. 50% of them purchased their first homes for $75,000 or less, and 64% paid under $100,000. Today’s median home price exceeds $400,000, highlighting the vast financial benefit many will see from selling. As boomers age, their decision to …
Where Is It Cheaper to Buy Than Rent? - The MortgagePoint
WEB1 day ago · In Chicago, the typical rent payment was reported as $2,074 per month, but the average monthly mortgage payment was $1,640—a savings of $434 a month by owning rather than renting. In New Orleans, homeowners can also save nearly $450 a month paying a mortgage rather than renting, and in Pittsburgh, the savings are about $320 a …
Mortgage Credit Availability on the Rise
WEBAug 8, 2024 · The Mortgage Credit Availability Index (MCAI), a survey from the Mortgage Bankers Association (MBA) that examines information from ICE Mortgage Technology, indicates that mortgage credit availability rose in July.. In July, the MCAI increased by 3.3% to 98.1. While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements.
Nationwide Homeowner Equity Shows Modest Gains in Q2
WEB5 days ago · According to the report, since Q2 of 2023, home equity for U.S. homeowners with mortgages—who own roughly 62% of all properties—has increased by 8.0% annually. This represents a cumulative gain of $1.3 trillion and an average increase of $25,000 per borrower. As a result, the total net homeowner equity as …
Home Sales Remain Sluggish Despite Descending Mortgage Rates
WEBSep 2, 2024 · The median monthly mortgage payment was $2,568 at a 6.46% mortgage rate, representing a -0.4% YoY change. This is the lowest level recorded since February, an estimated $258 below all-time high set during the 4 weeks ending April 28. Pending sales were 79,279, representing a -6.9% YoY change, the biggest decline since October 2023.
Housing Market Nears $50T Valuation Milestone - The …
WEBAugust 8, 2024. The U.S. housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 trillion, according to a new report by Redfin. This represents a $3.1 trillion increase over the past year, marking a 6.6% year-over-year growth.