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WEBThe MortgagePoint Advantage. Our vision stretches beyond the horizon of today’s market trends. We aim to set the standard for the future, envisioning as the indispensable hub for mortgage professionals nationwide. We see a future where every decision in the industry is informed, every professional is connected, and every challenge is met with ...
Welcome - The MortgagePoint
WEBWelcome to MortgagePoint! In our continuous effort to provide comprehensive and timely information, we've combined the strengths of DS News and MReport into one unified platform - MortgagePoint. This new platform offers a 360-degree view of the mortgage industry, including insights on loan origination, default servicing, and more.You will be redirected to MortgagePoint, where you
Ranking the Fastest and Slowest Selling Housing Markets
WEB12 hours ago · On the slower end of the spectrum, Miami, Florida tops the list with homes staying on the market for an average of 84 days, up from 75 days last year. Homes in Miami are selling for 5.2% below asking price, with a 94.8% sale-to-list ratio. High property prices and living costs are slowing the market. Other slow-moving markets include New ...
Where Is It Cheaper to Buy Than Rent? - The MortgagePoint
WEB3 days ago · In Chicago, the typical rent payment was reported as $2,074 per month, but the average monthly mortgage payment was $1,640—a savings of $434 a month by owning rather than renting. In New Orleans, homeowners can also save nearly $450 a month paying a mortgage rather than renting, and in Pittsburgh, the savings are about $320 a …
Starter Home Affordability on the Rise - The MortgagePoint
WEBAugust 29, 2024. A new report from Redfin has found that the monthly housing payment for the typical U.S. starter home sold in July was $1,981, up 4.4% year-over-year. That means homebuyers must earn $79,252 annually in order to afford a typical U.S. starter home, also up 4.4% year-over-year, and just a few hundred dollars shy of last October ...
Home Costs Are Adding Up - The MortgagePoint
WEBSeptember 5, 2024. The results of a poll conducted among 1,818 U.S. adults nationwide show that nearly half of prospective homebuyers are having difficulty paying for basic housing expenses and that the affordability of home insurance is a key consideration in their decision to relocate. The survey was conducted by Mphasis Digital Risk.
National Median Mortgage Payments Drop - The MortgagePoint
WEBJul 26, 2024 · The national median mortgage payment for FHA loan applicants was $1,907 in June, down from $1,924 in May and up from $1,854 in June 2023. The national median mortgage payment for conventional loan applicants was $2,180, down from $2,226 in May and down from $2,205 in June 2023. The top five states reporting the highest PAPI were: Nevada (259.4 ...
The State of the Rate
WEBAug 27, 2024 · In a new analysis by Redfin, 85.7% of U.S. homeowners with mortgages have an interest rate below 6%, down from 90.6% at the start of last year, and a record high of 92.8% in mid-2022.This means even more than 85.7% of homeowners with mortgages have a rate below the current weekly average of 6.46%, prompting many to stay put instead of selling and buying another home at a higher rate—a ...
New Home Purchase Apps Show YoY Gains - The MortgagePoint
WEBJun 14, 2024 · The FHA share of applications was 26.5%, the highest share since the survey high of 27.1% in November 2023. The average loan size was $400,150, a decline from last month’s average of more than $405,000.”. Added Kan, “MBA’s estimate of new homes show a slight increase to 702,000 units in …
Average Mortgage Down Payment Jumps to Record High
WEBAugust 28, 2024. Redfin reports that the typical down payment for U.S. homebuyers hit a record high of $67,500 in June 2024, up 14.8% from $58,788 year-over-year, marking the 12th consecutive month the median down payment has risen year-over-year. The nearly-15% jump in the median down payment significantly outpaced the increase in …
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