APR Fees in Real Estate: Title Insurance & Closing Costs Explained

When navigating the complexities of real estate transactions, understanding the Annual Percentage Rate (APR) and its implications becomes even more crucial. The APR not only reflects the interest rate on a mortgage but also encapsulates various other fees, providing a comprehensive view of the loan’s true cost. This deeper insight into APR, particularly its relation […]

Delta Variant Spurred Startling Mortgage Rate Plummet

The Delta variant spurred a startling mortgage rate plummet as of late. Mortgage rates declined as a result of the increasing economic uncertainties. Analysts attribute the uncertainty to the COVID-19 Delta variant and its mutations. As a results, the average 30-year loan rate fell to a five-month record. Freddie Mac Shows How Delta Variant Spurred […]

July 2021 Market Updates

The latest data shows that inflation continues its epic climb while home sales rapidly recover across the country. As a result, the outlook on economic growth and future Fed policy remains stagnant. The Fed stated that their core PCE target is 2.0%. In May 2021, core PCE rose 3.4% higher than a year ago. While […]

United Wholesale Mortgage Goes Public to Start 2021

In major mortgage industry news to start the new year, one of the country’s largest mortgage companies has officially gone public on the New York Stock Exchange (NYSE) after a multibillion-dollar merger. What is United Wholesale Mortgage (UWM)? United Wholesale Mortgage (UWM) is the second-largest mortgage originator in America (behind Quicken Loans). It was founded […]

November 2020 Market Updates

With a world full of constantly changing factors that make impacts on the market, we have to look for the official numbers to make projections and find insights into the markets. Here are some findings from recent reports across the country. Unemployment Drops This week’s major economic data was generally in line with expectations and […]