Source: nar.realtor
Eight in 10 aspiring buyers reported that homeownership is part of their American Dream in the last quarter of 2017.
Source: nar.realtor
Eight in 10 aspiring buyers reported that homeownership is part of their American Dream in the last quarter of 2017.
The Small Business Administration has eased equity requirements for loans that can help businesses expand. That’s one update by NAR Government Affairs that’s important to real estate professionals. Another is a process USDA is going through that could result in fewer households eligible for federally backed home financing in rural areas.
LendingTree’s Chief Economist analyzes January’s mortgage offers
Charlotte, NC – Feb. 6, 2018 (PRNewswire) LendingTreeĀ®, the nation’s leading online loan marketplace, today released its monthly Mortgage Offers Report which analyzes data from actual loan terms offered to borrowers on LendingTree.com by lenders on LendingTree’s network. The purpose of the report is to empower consumers by providing additional information on how their credit profile affects their loan prospects.
Purchase Mortgage Offers by Credit Score
Refinance Mortgage Offers by Credit Score
“Interest rates have decidedly moved up in a classic supply and demand driven change,” said Tendayi Kapfidze, LendingTree’s Chief Economist and report author. “On the supply side, the tax plan raised the projected borrowing needs of the US government, so debt issuance is expected to increase materially. On the demand side, the Fed’s balance sheet normalization is removing a large buyer from the marketplace.”
Kapfidze added, “Further, the tax plan’s repatriation holiday reduces demand from US corporations for US treasuries. All this means that the US government has to pay more for borrowing, which raises the interest rate level in the economy, including mortgage rates. For consumers looking for a mortgage the benefits of optimizing the things you can control, your credit score and shopping multiple lenders, increase as the things you cannot control, such as those we detail above, become less favorable.”
About the Report
The LendingTree Mortgage Offers Report contains data from actual loan terms offered to borrowers on LendingTree.com by lenders. We believe it is an important addition to standard industry surveys and reports on mortgage rates. Most quoted industry rates are for a hypothetical borrower with prime credit who makes a 20% down payment. Most borrowers do not fit this profile. Our report includes the average quoted APR by credit score, together with the average down payment and other metrics described below. We stratify by credit score, so borrowers have added information on how their credit profile affects their loan prospects. The report covers conforming 30-yr fixed loans for both purchase and refinance.
To view the original report, visit: https://www.lendingtree.com/home/lendingtree-mortgage-offers-report-january-2018/.
About LendingTree
LendingTree (NASDAQ: TREE) is the nation’s leading online loan marketplace, empowering consumers as they comparison-shop across a full suite of loan and credit-based offerings. LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 65 million loan requests. LendingTree provides free monthly credit scores through My LendingTree and access to its network of over 500 lenders offering home loans, personal loans, credit cards, student loans, business loans, home equity loans/lines of credit, auto loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc. For more information go to www.lendingtree.com, dial 800-555-TREE, like our Facebook page and/or follow us on Twitter @LendingTree.
Media Contact:
Megan Greuling
(704) 943-8208
Megan.greuling@lendingtree.com