Lending

Mortgage applications drop 4% on higher rates in latest MBA survey
Mortgage applications drop 4% on higher rates in latest MBA survey

“Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices.” — MBA Associate Vice President of Economic and Industry Forecasting Joel Kan

Teala Smith, residential mortgage lender, Certainty Home Loans
Teala Smith, residential mortgage lender, Certainty Home Loans

“Don’t give up, no matter what!” — Teala Smith, residential mortgage lender, Certainty Home Loans

Guaranteed Rate launches tech company
Guaranteed Rate launches tech company

The new technology streamlines workflow in the mortgage industry.

Black Knight: Mortgage forbearances finish February with weekly increase
Black Knight: Mortgage forbearances finish February with weekly increase

The increase follows a decline earlier in February that cut the number of homeowners in forbearance plans to less than 2.7 million, the first dip below that threshold since April 2020.

Mortgage delinquency rates higher than 2019, but dropping
Mortgage delinquency rates higher than 2019, but dropping

“The consistent decline in serious delinquency since August is a sign of growing financial stability for families,” said Frank Martell, president and CEO of CoreLogic.

Vacation home sales skyrocketing
Vacation home sales skyrocketing

The trend of purchasing a second home has sent home prices in seasonal towns skyrocketing in value by 19% for the year ending December 2020.

Guaranteed Rate Super Bowl ad inspires positivity
Guaranteed Rate Super Bowl ad inspires positivity

The ad is part of their national brand campaign, Believe You Will, which encourages the power of positive thinking and believing you can accomplish your goals.

Loan limit boost of 7.4% good for Atlanta buyers
Loan limit boost of 7.4% good for Atlanta buyers

This means homebuyers will be able to borrow up to the new level without triggering higher interest rates.

Holly Walther, Branch Manager and Senior Loan Officer, The Holly Walther Lending Team Powered By Success Mortgage Partners
Holly Walther, Branch Manager and Senior Loan Officer, The Holly Walther Lending Team Powered By Success Mortgage Partners

“Buying a home, for most people, is the biggest financial decision of their lives. I am honored and humbled every single time someone trusts me to guide them through this milestone.” — Holly Walther, The Holly Walther Lending Team

Purchase applications in Georgia beat out last year’s numbers
Purchase applications in Georgia beat out last year’s numbers

Economists with the Mortgage Bankers Association predict mortgage rates will remain low for the next couple of years, though there is at least one scenario under which they could rise more quickly.

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