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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 …
Where Are Mortgage Rates Rising? - The MortgagePoint
Oct 8, 2024 · Still, the differences between states remain stark. Colorado, for example, saw the most dramatic increase in mortgage rates between the first and second quarters of this year, with rates rising by about 4.9%. Despite this jump, Colorado’s average mortgage rate of 5.7% still only placed it 29th in terms of the most expensive states for mortgages.
Number of Available Down Payment Programs in Q3
3 days ago · Down Payment Resource (DPR) has released its Q3 2024 Homeownership Program Index (HPI) report which found the number of national homebuyer assistance programs increase by 29 to 2,444 during the third quarter of the year. The report showed a 5% increase in programs for first-generation buyers. First-generation homebuyers have been singled out by the Harris Presidential campaign, which along ...
New Home Sales Remain ‘Appealing Option’ for Homebuyers
Oct 17, 2024 · MBA projects that, on an unadjusted basis, there were 54,000 new house sales in September 2024, down 10% from 60,000 new home sales in August. Conventional loans accounted for 61.2% of loan applications by product type, followed by FHA loans (287.7%), RHS/USDA loans (0.4%), and VA loans (9.6%). In August and September, the …
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 ...
About Us - The MortgagePoint
Our Mission. At MortgagePoint, we aim to empower mortgage professionals to make informed decisions and drive the industry forward. We strive to provide timely, accurate, and crucial information, fostering an environment of knowledge sharing that benefits all industry stakeholders.
Where Is It Cheaper to Buy Than Rent? - The MortgagePoint
September 17, 2024. According to a new Zillow Home Loans analysis, monthly mortgage payments have grown less expensive than rent prices in 22 of the 50 largest U.S. metros. Recent dips in mortgage rates, which have fallen to the lowest level since early 2023, have significantly reduced monthly payments. According to the latest Primary Mortgage ...
Renting vs. Owning: The True Costs of Homeownership
Aug 6, 2024 · The largest disparity between rent and homeownership expenses is found in the least buyer-friendly metro areas. As a matter of fact, the typical rent prices in these metro areas are 62% to 164% more than mortgage payments alone. The difference, when all expenses are taken into account, can reach an astounding $11,303.
Market Trends - The MortgagePoint
Eric C. Peck October 16, 2024. Demetria C. Lester October 15, 2024. Your Gateway to Mortgage Insights Gain access to a wealth of information about the mortgage industry. Our email blasts offer a panoramic view of the industry, delivering expert commentary, deep-dive analyses, and thought-provoking articles. Subscribe Now Latest Post Preventing ...