800-969-5100

Freddie Mac: 30-year mortgage reverses course, drops

Erasing an upward trend witnessed for the past several weeks, average fixed mortgage rates dropped due to the May employment report coming in well below expectations,Freddie Mac’s Primary Mortgage Market Survey showed. May’s nonfarm payroll employment only increased...

Upcoming loan officers ready for the market?

As many of the mortgage industry’s loan officers get ready to retire, a recent survey shows upcoming loan officers may be unprepared. A recent survey by XINNIX, which helps to train mortgage lending professionals, shows that only 20% of loan officers entering the...

Millennials are moving, but mortgages don’t follow

It is the No. 1 barrier to entry for young, would-be homebuyers: credit. Millennials are the first generation to come of age in a post-almost-apocalyptic housing market, where lenders, eight years later, are still paying billions in reparations for mortgage misconduct...