Today's Mortgage Rates: August 3, 2021—Mortgage Rates Hit Near Rock Bottom Lows

Today's Mortgage Rates: August 3, 2021—Mortgage Rates Hit Near Rock Bottom Lows

The total interest paid over the life of the loan will be about $52,166. 15-year Fixed-rate Mortgages. Today, the 15-year fixed mortgage rate sits at 2.31%,
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Home prices keep setting records, but profit margins are slipping

“Prices and profits from the second quarter painted yet another picture of a housing market in high gear – except for one thing. Profit margins dropped in
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Jury Convicts Leader of Nevada City-Based Mortgage Fraud Scheme

“Mortgage fraud is not a victimless crime. Identifying and investigating those who abuse the system for their own personal gain ensures the mortgage
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Department of Veterans Affairs Expands Its Limited-Time COVID-19 Mortgage Relief Options

Through this stand-alone temporary program, the VA will pay off the forbearance indebtedness and create a second, interest-free mortgage on the
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Household debt jumps by the most in 14 years to nearly $15 trillion in the second quarter

Over the past four quarters, mortgage originations have totaled close to … thanks mostly to a surge in the housing market that brought the collective
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2022 Rocket Mortgage Classic moves to late July, which could help field strength

Detroit — The 2022 Rocket Mortgage Classic is moving to later in the summer as part of next season's PGA Tour schedule, which was announced
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The housing challenges Virginia's next governor will have to face

Well-functioning housing markets are critical to the commonwealth's economic success. High housing costs make it difficult for employers to attract and
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Mortgage firm Fannie Mae subleasing surplus office space in Plano

Mortgage giant Fannie Mae is subleasing some surplus office space in its Plano high-rise to an Addison tech firm. Financial software firm Trintech is
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This is not 2008 all over again for the housing market

Quite the opposite: In that cycle we had the weakest housing recovery ever, even with the lowest mortgage rates during the longest economic expansion
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Number of fixed-rate mortgage deals recovers to pre-pandemic levels

Now, there are 857 mortgages available for first-time buyers, of which 112 are for those with a 10% deposit or less, Defaqto said. It added that there are
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'The secret is out': Out-of-state buyers drove RI real-estate market this spring

The Rhode Island real-estate market saw a big increase in buyers from outside the state in the second quarter, according to the Rhode Island
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What Is a Reverse Mortgage and When Is It Useful?

Reverse mortgages—which allow elderly homeowners to cash out part of their equity and still live in their home—can seem like a scam. But here's
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Snapdocs Joins The Mortgage Collaborative's Preferred Partner Network

“Snapdocs is a leader and innovator in bringing mortgage closings into the digital age,” said Jim Park, CEO of The Mortgage Collaborative. “TMC
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Post-COVID Foreclosures Are Coming For 2 Million Families

Some 2 million homeowners are currently in mortgage forbearance across the United States, and the foreclosure ban program that was designed to
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Mortgage Boom Drives Biggest Jump in Household Debt Since 2013

U.S. Debt Surges. Mortgage debt alone surpasses $10 trillion in 2020. Source: New York Fed Consumer Credit Panel/Equifax. Note: US$
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Low rates make for 'prime time' to consider a new mortgage: Moneyfacts

Mortgage rates have tumbled in recent months and with lenders issuing various sub-1% loans, eligible borrowers should be seriously considering a
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Should we get an offset mortgage?

Diane Fish of Smith & Pinching responds: With an offset mortgage, your loan is linked to a savings account and you are charged interest on the amount
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SideDrawer and 8Twelve Mortgage Announce Unique Technology Referral Process

8Twelve is a leading national mortgage brokerage with consistently high 5-star consumer reviews. With their unique service model and technology
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Help coming to Virginia homeowners behind on their mortgage

Virginia is expected to launch the Virginia Mortgage Relief program later this year as a way to help homeowners facing mortgage delinquencies,
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Sunrise Spotlight – 30 days of Giveaways Presented By Atlantic Bay Mortgage Group

… joins us live in-studio to talk about Glory Baby Ministry's 30 days of Giveaways Presented By Atlantic Bay Mortgage Group and how you can sign up.
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