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The housing market is a major indicator of the health of the economy, and recent reports show that lenders are reporting low demand for long-term fixed mortgage rates. This is concerning news for potential homebuyers and could be indicative of a larger economic downturn. Mortgage rates are typically determined by the Federal Reserve's benchmark rate, which is currently at a historically low level. This has led to an influx of buyers in the market, as people take advantage of the low rates. However, lenders are now reporting that the demand for long-term fixed mortgages has decreased significantly. This could be due to a number of factors, including rising home prices and an uncertain economic outlook. The decrease in demand for long-term fixed mortgages could have a number of implications ...

The mortgage industry is constantly changing and evolving, which means that staying up to date on the latest news and trends can be a challenge. To help you stay informed, we’ve rounded up the top 10 most popular mortgage broker articles of the week for June 30, 2023. 1. “5 Tips for Choosing the Right Mortgage Broker” – This article from Mortgage Broker News provides five tips for selecting the right mortgage broker for your needs. It covers topics such as researching a broker’s credentials, understanding their fees, and asking for references. 2. “How to Negotiate a Lower Mortgage Rate” – This article from The Balance explains how to negotiate a lower mortgage rate with your lender. It covers topics such as understanding your credit score, shopping around, and understanding the loan terms....

The Bank of Ireland has recently announced that it is withdrawing its bespoke residential mortgage rates, and that it will be increasing fixed and tracker mortgage rates. This news has been met with some concern from customers, as the changes could mean that they will have to pay more for their mortgage.The Bank of Ireland has said that the changes are necessary in order to remain competitive in the current market. The bank has also said that the changes are in line with the Central Bank of Ireland’s regulations, which require banks to ensure that their mortgage rates are in line with the market.The Bank of Ireland has said that customers who are currently on bespoke residential rates will be offered a new rate that is more in line with the market. The new rates will be applied from the 1s...

Mortgage brokers are an essential part of the home buying process, helping to connect borrowers with lenders and secure the best loan terms for their clients. With so many stories circulating in the mortgage broker world, it can be hard to keep up with the latest news. To help you stay informed, here are the top 10 most popular mortgage broker stories of the week ending 09/06/2023. 1. The Mortgage Bankers Association (MBA) released its latest report on mortgage originations, showing that the number of home loans closed in August rose by 6.1% from July. The report also showed that purchase loan originations increased by 8.2%, while refinance originations decreased by 1.1%. 2. A new study by the National Association of Realtors (NAR) found that the average time it takes to close a mortgage l...

The mortgage industry is constantly evolving, and staying up to date on the latest news and trends can be a challenge. To make it easier, we’ve compiled a list of the top 10 most popular mortgage broker articles of the week for February 6, 2023. 1. “5 Reasons to Refinance Your Mortgage Now” – Refinancing your mortgage can be a great way to save money and reduce your monthly payments. This article outlines five reasons why now is the perfect time to consider refinancing. 2. “What You Need to Know About Mortgage Rates” – Mortgage rates are constantly changing, and understanding how they work is essential for making informed decisions. This article provides an overview of mortgage rates and how they affect your loan. 3. “How to Choose the Right Mortgage Broker” – Choosing the right mortgage b...