Mortgage Lending on Pace to Exceed 2020 Levels
While November single-family mortgage activity dropped off compared to last year, Connecticut remains on pace to exceed both 2020 and 2019 levels.
Complaints to CFPB Up More Than 50 Percent in 2020
The pandemic drove more customers to file complaints with the Consumer Financial Protection Bureau in 2020, though Connecticut saw a smaller increase in complaints compared to the national rate.
Purchase Mortgage Apps Drop 11 Percent Nationwide
In another indication the coronavirus is softening the housing market, applications for purchase mortgages fell by 11 percent nationwide last week, according to the Mortgage Bankers Association.
Fed Rate Cut Not Expected to Move Mortgage, Deposit Rates
Interest rates on residential mortgages and consumer banking accounts will likely see little movement in response to the Federal Reserve’s decision Wednesday to cut its benchmark interest rate by 25 basis points.
Lenders Open Doors to a Wider Swath of Homebuyers
Do you want to buy a house but worry that your credit profile will disqualify you for a mortgage? Take another look: A new study suggests that you might find lenders a little friendlier and more flexible than you thought.
Study: Greenwich Homeowners Among Most Over-Leveraged in Country
Greenwich homeowners have one of the highest ratios of median mortgage debt to median income in the country, according to a new study.
Buying a Home Just Got Easier for Many in the Gig Economy
If you’re one of the millions of Americans who are self-employed or earn money on the side through freelance, contract or “gig” work, you may know the drill firsthand: Applying for a mortgage can be an intrusive ordeal.
Study: Connecticut Mortgage Rates Higher Than MA, Lower Than NY
Connecticut’s mortgage rates are solidly in the middle of the pack, according to a new state-by-state study of mortgage rates by Lending Tree.
Your FICO Score is Not Your Mortgage Destiny
A new statistical review conducted by Lending Tree suggests that, depending on market conditions, a “good” 700 FICO score could get you nearly as attractive a rate deal as someone with an 800-plus score.
Impact of Federal Shutdown Expected to Grow in Connecticut
About 1,500 federal workers in Connecticut affected by the shutdown. The longer it lasts, the more its effects will be felt – not only in the Washington D.C. area, home to hundreds of thousands of federal employees, but in every state, including Connecticut.
Report: Connecticut Homeowners Face Smaller Cost Burdens
Connecticut homeowners are not as cost-burdened as in the past, according to a new report.
Freddie Mac Weekly Mortgage Rates: Dec. 27, 2018
Trump Plan for Fewer Home Appraisals Could Make for Riskier Mortgages
Critics say the plan could push the country back toward the see-no-evil days of mortgage lending that preceded the housing crash.
Freddie Mac Mortgage Rates
Mortgage rates declined over the past week and have now retreated in four of the past five weeks.
Freddie Mac Weekly Mortgage Rates
Mortgage rates inched back over the past week and have now declined in three of the past four weeks.
Freddie Mac Weekly Mortgage Rates
After declining for two straight weeks, mortgage rates reversed direction this week and rose to their second highest level this year.
Freddie Mac Weekly Mortgage Rates
After climbing to their highest level in over seven years, mortgage rates fell over the past week.
Fannie, Freddie Want to Make Mortgages Easier for Gig-Economy Workers
The two biggest sources of home-mortgage money in the country – investors Fannie Mae and Freddie Mac – are quietly working on ways to make qualifying for a home purchase easier for participants in the booming “gig” economy.
Freddie Mac Weekly Mortgage Rates
Mortgage rates moved up over the past week to 4.66 percent, their highest level since May 5, 2011 (4.71 percent).
Racial Disparities Significant in Mortgage Rejections
For millions of Americans hoping to buy or refinance a home, it’s a crucial make-or-break question: Will the lender say yes to our mortgage application, turn it down or charge us a higher interest rate than we need?
