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Navigating Down Payment Assistance: A Guide to Homebuying Help

Business Insider link to original news article. Published July 22, 2024 Buying a home is a significant financial commitment, and one of the biggest hurdles for many potential homeowners is coming up with the necessary down payment. With median home prices exceeding $400,000, even a modest down payment can be a substantial sum, particularly for […]

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Unlocking Homeownership: A Complete Guide to HFA Loans and How They Can Help You Buy a Home

Business Insider link to the original article. Published July 22, 2024 For many prospective homebuyers, especially those with lower incomes or limited savings, the dream of homeownership can feel out of reach. However, Housing Finance Agency (HFA) loans offer a pathway to affordable homeownership by providing low down payments, below-market mortgage rates, and various forms

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Will Mortgage Rates Drop This Summer? Here’s What Experts Predict

CBS News link to original article. Published June 10, 2024 As summer 2024 approaches, many potential homebuyers are closely watching mortgage rates, hoping for a decrease that could make purchasing a home more affordable. However, the outlook for a significant drop in mortgage rates remains uncertain. This article explores what experts are saying about the

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What to Expect from Mortgage Rates in Summer 2024: Expert Predictions

CBS News link to the original article. Published May 22, 2024 As summer 2024 approaches, potential homebuyers and sellers are closely monitoring mortgage interest rates, which have seen a significant rise over the past few years. This increase has led to a slowdown in homebuyer demand and a reduction in home sales activity, which has

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Mortgage interest rate forecast for summer 2024: Everything experts predict

May 22, 2024 link to original article Mortgage interest rates have increased so much over the last few years that it has both buyers and sellers worried. “The impact of the higher cost of homeownership has been a notable drop in home buyer demand,” says Dr. Selma Hepp, a chief economist at CoreLogic. “At the same time,

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New Housing Affordability Initiatives Aim to Expand Access to Homeownership

National Mortgage News link to the original article. Published May 17, 2024 Housing affordability remains a central focus for both the federal government and the mortgage lending community, with new initiatives launched this spring aimed at reducing the costs associated with purchasing a home. These efforts align with the White House’s recent activities following President

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Mortgage Applications Are Being Rejected as Rates Reach 8% — How to Get Approved

To see the original article by Yaël Bizouati-Kennedy on GoBankingRates, click here. The double whammy of mortgage rates nearing 8% and increasing home prices is continuing to keep homebuyers on the sidelines. Making matters worse, lenders are increasingly denying applicants loans because of insufficient income than at any point since that data was first collected

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Tai Christensen was named chair of diversity, equity and inclusion committee.

California Mortgage Bankers Association enhances DE&I leadership line-up

To view the original article by Candyd Mendoza on MPA Mag in its entirety, click here. The California Mortgage Bankers Association (CMBA) has appointed Tai Christensen (pictured), president of Arrive Home, as chair of its diversity, equity & inclusion (DE&I) committee. Christensen, who brings over two decades of experience in the mortgage industry, will be

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