Author: badmortgage
March 30, 2026 In our latest US housing outlook, available here, we look at demand and supply in the housing market. Sources: National Association of Home Builders, Macrobond, Apollo Chief Economist Download high-res chart book This presentation may not be distributed, transmitted or otherwise communicated to others in whole or in part without the express consent of Apollo Global Management, Inc. (together with its subsidiaries, “Apollo”). Apollo makes no representation or warranty, expressed or implied, with respect to the accuracy, reasonableness, or completeness of any of the statements made during this presentation, including, but not limited to, statements obtained from…
Key Takeaways A reverse mortgage can unlock home equity for retirees who want extra income without selling their home but it’s not right for everyone. Ideal candidates are homeowners aged 62+ who plan to remain in their home long-term and have significant equity. Before committing, evaluate your personal goals, long-term plans, and alternatives like HELOCs or home equity loans. See if you qualify for a reverse mortgage. Start here If you’ve heard mixed things about reverse mortgages, you’re not alone. Some call them a financial lifeline for retirees, while others say they’re risky. The truth lies somewhere in between. This…
Today, the mortgage interest rate on a 30-year fixed mortgage is 6.62%, according to the Mortgage Research Center, while the average rate on a 15-year mortgage is 5.74%. On a 30-year jumbo mortgage, the average rate is 6.89%. 30-Year Mortgage Rates Climb 0.15 Percentage Points Today’s
Key Takeaways To qualify for a reverse mortgage, you must be at least 62, have significant home equity, and live in the home as your primary residence. There is no minimum credit score, but lenders review your finances to confirm you can cover property taxes, insurance, and home maintenance. Falling behind on property taxes or insurance, or failing to maintain the home, can put the loan into default. See if you qualify for a reverse mortgage. Start here Home equity is often a significant financial resource in retirement, and a reverse mortgage allows you to access it without selling your…
LoanDepot is behind a new mortgage business from West Texas-based Betenbough Cos., helping launch the affiliate as part of an expanded strategy to expand upon homebuilder partnerships.Processing ContentOlive Branch Home Loans will serve customers of Betenbough, a top 50 builder based in Lubbock. Betenbough sells its homes through eight sales centers located throughout West Texas. Its annual sales and deliveries top 2,000 units, according to the builder. The mortgage affiliate will be headed by LoanDepot’s Paul Boecker. LoanDepot’s newly expanded partnership model is intended to give homebuilders and their associated mortgage units an onramp toward scaling lending capabilities, allowing them to…
So you heard rates are down, is now the time to refinance? Maybe not. Published 2:43 pm Monday, March 30, 2026 I know that sounds surprising coming from a mortgage advisor, but it’s often the right answer. Refinancing isn’t a one-size-fits-all solution, and focusing only on a lower rate can sometimes lead to very expensive mistakes. Here’s a real example. I recently worked with a homeowner who was told refinancing was the only way to access cash. The proposed plan would have cost them nearly $25,000 in fees, just to take out about half of the money they actually needed.…
Key Takeaways A HELOC lets you borrow against your home equity at lower interest rates than credit cards, potentially saving thousands in interest over time. Most HELOCs have variable rates that can increase, raising your monthly payment unexpectedly. HELOC debt consolidation works best for homeowners with stable income, disciplined spending habits, and a clear repayment plan. Explore your HELOC eligibility. Start here Paying 22% interest on credit card debt while sitting on $100,000 in home equity feels like watching money burn. A HELOC could cut that rate to 8% or less, but there’s a catch: your home becomes collateral. This…
Key Takeaways Getting a home equity loan works much like a mortgage: shop lenders, apply with documents, complete an appraisal, then close and receive a lump sum. Approval and rates depend on your credit score, debt-to-income ratio, and how much equity you have, typically up to about 80% of your home’s value minus your mortgage balance. Home equity loans can offer lower, fixed rates than other debt, but since your home is collateral, it’s important to weigh the risks. Connect with a lender to start your home equity loan A home equity loan can be an efficient way to turn…
It’s been hard for mortgage rates to buy a bucket lately.They’ve been creeping higher and higher all month with seemingly no letup in sight.The worst part is they were at the lowest levels in over three years at the end of February. Question is, what can stop the pain and deliver rates a rare W to end the month of March?Well, if we’re honest, it’s going to take a combination of mutual restraint in the Middle East and more weak jobs data.Mortgage Rates Need a Clear Message That Things Are Cooling Off in the Middle EastFirst and foremost, mortgage rates…
UWM Holdings intensified its attack on Two Harbors’ management after the markets closed on Friday, following a full day of trading after the real estate investment trust ditched them for a $10.80 per share all-cash deal from CrossCountry.Processing ContentThe unsolicited bid from CrossCountry was made after UWM failed to secure the votes from Two Harbors’ shareholders to approve its all-stock transaction of 2.33 shares for each share of its target’s.”The same team that had to settle a $375 million lawsuit this past summer is at it again,” the updated UWM statement said. “TWO’s decision appears to be driven more by…