30-YEAR Mortgages see Biggest One-Week Drop in a Decade

  According to the FHLMC (Freddie Mac), the average 30-year mortgage interest rate dropped to 4.06%, the biggest 1-week decline in 10 years, and down from 4.94% in November 2018. That rates are approaching 4% is an amazing turnaround from expectations a few months ago. Two out of three people say now is a good …

2019 Mortgage Rates Are the Lowest in California

  California Homebuyers Enjoy the Lowest Mortgage Rates in America Although California claimed four of the nation’s five most expensive real estate markets in the fourth quarter, homebuyers here at least have a shot at scoring the lowest average mortgage rates in the country. View full detail @bethanywpatten #realestate #Mortgage #sanfrancisco #homebuyers #homesale #CA #compass …

As Mortgage Rates Rise, So Does Mortgage Fraud

  Mortgage fraud rose by 12.4 percent year over year in the second quarter of 2018. Income falsification is the fastest-rising form of mortgage fraud, up by 22.1 percent on an annual basis. California ranks as the country’s ninth-riskiest state for mortgage lenders. CoreLogic’s 2018 Mortgage Application Fraud Risk Index rose by 12.4 percent in …

  Mortgage fraud rose by 12.4 percent year over year in the second quarter of 2018. Income falsification is the fastest-rising form of mortgage fraud, up by 22.1 percent on an annual basis. California ranks as the country’s ninth-riskiest state for mortgage lenders. CoreLogic’s 2018 Mortgage Application Fraud Risk Index rose by 12.4 percent in …

First-Time Buyers Score Nearly 1 Million Homes in 2018

  New buyers purchased 985,000 homes in the first six months of 2018, the highest such activity since 2005. First-time homebuyers accounted for 2.1 million home sales in 2017, higher than the historical annual average of 1.8 million. Given rising mortgage rates, first-time buyers who entered the market in June 2018 paid 67 percent more …