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Nov 5, 2024 · The MortgagePoint Advantage. Our vision stretches beyond the horizon of today’s market trends. We aim to set the standard for the future, envisioning MortgagePoint 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 ...
Which Mortgage Lenders Ranked Highest in Customer Satisfaction?
20 hours ago · According to J.D. Power, Fairfax, Virginia-based full-service mortgage banker Prosperity Home Mortgage ranked highest in mortgage origination satisfaction, with an overall score of 772. A subsidiary of HomeServices of America, a Berkshire Hathaway Affiliate, Prosperity Home Mortgage, featuring a team of more than 500 mortgage consultants ...
Home Price Appreciation Climbs in Q3 as Rates Shift
21 hours ago · November 12, 2024. According to the National Association of Realtors ‘ (NAR) most recent quarterly report, home prices increased in about 90% of metro markets (196 out of 226, or 87%) during Q3 of 2024, while the 30-year fixed mortgage rate varied between 6.08% and 6.95%. Compared to 13% in Q2, just 7% of the 226 metro regions under study saw ...
Home-Care Costs Continue Climb - The MortgagePoint
19 hours ago · San Francisco recorded the most significant hike at 17.24%, bringing annual costs to $12,261. Other cities with notable increases include Atlanta (up 11.43% to $11,730) and Detroit (up 10.31% to $10,949). Conversely, Washington, D.C. experienced a decrease of 2.96% in annual home maintenance costs, alongside Los Angeles (down 2.41%) and Chicago ...
Market Activity Reveals Good News for Renters Seeking Affordable ...
20 hours ago · November 12, 2024. The median asking rent in the U.S. increased by just 0.2% year-over-year to $1,619 in October, according to new Redfin data. Month-over-month, overall rents decreased by 0.6%. Due to a development boom in some Sun Belt states brought on by a spike in demand during the epidemic, rents have stayed relatively stable over the ...
Welcome - The MortgagePoint
Welcome 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 …
Housing Supply vs. Aging in Place - The MortgagePoint
6 days ago · The increase in ownership rate combined with a higher base of 65-70-year-olds in 2022 means that there were almost 2 million more homeowners 70 and younger in 2022 than in 2015. Moreover, there will be seven million more homeowners ages 65-85. It is projected that there will be more than eight million homes supplied by older Americans as they ...
Mortgage Payments Slip in September - The MortgagePoint
Oct 31, 2024 · In September, the national PAPI dropped from 159.2 in August by 0.8% to 157.9. The PAPI is down 9.1% annually due to the low wage increase, with median earnings up 4.2% from a year earlier and payments down 5.3%. The September national mortgage payment dropped from $1,388 in August to $1,369 for borrowers seeking for lower-payment mortgages ...
The State of the Rate
Aug 27, 2024 · In a new analysis by Redfin, 85.7% of U.S. homeowners with mortgages have an interest rate below 6%, down from 90.6% at the start of last year, and a record high of 92.8% in mid-2022.This means even more than 85.7% of homeowners with mortgages have a rate below the current weekly average of 6.46%, prompting many to stay put instead of selling and buying another home at a higher rate—a ...
Homebuyer Affordability Continues to Improve - The MortgagePoint
Sep 30, 2024 · Homebuyer affordability increased for White households, with the national PAPI decreasing from 168.8 in July to 162.3 in August. “Homebuyer affordability conditions improved for the fourth consecutive month, with lower mortgage rates, rising incomes, and slower home-price growth giving prospective buyers’ budgets a much-needed boost ...