Browse Tag

mortgage

Record 81% of Bank of America Mortgage Applications Initiated Through Digital Mortgage Experience

//
5 mins read

The FINANCIAL — Company Recognized in 2022 for Best Overall Mortgage Experience and as the Best Mortgage Lender for First-time Homebuyers. Rapid growth in consumer digital engagement contributed to substantial momentum in Bank of America’s home lending business over the last year. Home loan applications initiated through Bank of America’s Digital Mortgage Experience accounted for 81% of total mortgage applications in 2021, up from 45% in 2020.…

Read More »
biznews.com
//

Record 81% of Bank of America Mortgage Applications Initiated Through Digital Mortgage Experience

5 mins read

The FINANCIAL — Company Recognized in 2022 for Best Overall Mortgage Experience and as the Best Mortgage Lender for First-time Homebuyers. Rapid growth in consumer digital engagement contributed to substantial momentum in Bank of America’s home lending business over the last year. Home loan applications initiated through Bank of America’s Digital Mortgage Experience accounted for 81%…

Tips to Get Best Rates for Your Mortgage

4 mins read

Mortgage rates are determined based on many factors like, current market, inflation and other economic indicators. However, when you are in need of finance, besides the market and economic conditions, you get the best control over the mortgage rate if you are well-qualified with good credit position. …

Gen Z renters moving out and moving up

6 mins read

The FINANCIAL — Rental concessions, such as a free month’s rent, appear to be luring Gen Z out of their parents’ basements and back into the rental market. New Zillow research finds more Gen Z adults, ages 18 to 25, who had been living with family or friends say they’re now renting, and most say they got…

Intense buyer demand continues to drive hot housing market

4 mins read

The FINANCIAL — Intense and persistent buyer demand is keeping the time on market for houses at incredible lows and pushing prices ever higher above 2019, according to Zillow’s Weekly Market Report. Sales remain high above last year and are expected to stay robust in the coming months. Time on market still short as pending sales…

NAR provided raw count of home sales during the pandemic

4 mins read

The FINANCIAL — According to the latest release, existing-home sales rose 21% in September from one year earlier while new home sales rose 32%. These headline figures are seasonally adjusted and are reported in the news. To assess the overall trending direction of the economy, nearly all economic data – from GDP and employment to…

Low mortgage rates are easing affordability, but down payments are further from reach

7 mins read

The FINANCIAL — Monthly mortgage payments are becoming increasingly affordable for U.S. homeowners as mortgage rates have hit record lows, a new Zillow® analysis shows. But that masks the difficulties would-be buyers face in getting into homes in the first place after extraordinary price growth has pushed prices further above incomes than they’ve been in at least…

Mortgage rates continue to fall historic low

2 mins read

The FINANCIAL — Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.80 percent, the lowest rate in our survey’s history which dates back to 1971. “Mortgage rates remain very low, providing homeowners who have not already taken advantage of this environment ample opportunity to do…

How to score your dream house

11 mins read

The FINANCIAL — Home shoppers wanting to buy right now might be reading headlines about the housing market that are scaring them away — low inventory, high prices, homes selling at an extremely fast pace across all price ranges. But near-record low mortgage rates are creating a huge opportunity for buyers to get more for their money,…

Next U.S. president to face mortgage & real estate issues in 2021

8 mins read

The FINANCIAL — The election season is in full swing and the outcome for one side or the other is hardly assured. What’s certain is that big problems will be in place after the Inauguration regardless of who wins. How will the winner deal with such issues as the COVID-19 pandemic, massive unemployment, and a…

Source: Pexels (CC0 License)

Common Mistakes that Could Ruin your Finances

12 mins read

Managing your personal finances is easier said than done. Some of these common money mistakes are actually made all the time, and if you’re not careful, you may find that they go on to impact you for longer than you’d like in the future.…

Georgia’s economic recovery from the pandemic

5 mins read

The FINANCIAL — Coronavirus pandemic resulted in the most severe global economic contraction of 21 century, however,  the world is slowly recovering from the most drastic global economic crisis since the Great Depression. TBC Capital published the research about tracking the recovery of Georgian economy. Authors of this publication are, Otar Nadaraia, Mary Chachanidze, Aleqsandre Bluashvili and Tornike Kordzaia. …

Mortgage rates to fall again after Fed‘s move to combat impacts from coronavirus

4 mins read

The FINANCIAL — Average 30-year mortgage lending rates for homebuyers with good credit have fallen from 4.46% in January of 2019 to 3.13% but rate is now back up around 3.65%. Mortgage rates are primed to fall again after the Federal Reserve’s latest dramatic policy moves to combat the economic impact from the deadly coronavirus…