Tag: Mortgage Business US

Real estate investors are closely monitoring mortgage rates in the hope that cooling inflation data will continue to push the 30-year mortgage rate lower going into 2024. While it appears as if it could fall to 5%, such a significant drop seems unlikely at...

Despite average mortgage rates remaining above 6%, new home buyers are receiving lower rates, UBS homebuilders and building products analyst John Lovallo revealed. According to Lovallo, recent buyers who are purchasing newly built homes are paying mortgage rates of 5% or less - below the...

For a long time, Wells Fargo was the most significant player in the mortgage business in the United States. But that is set to change in the future as the bank plans to scale down its mortgage business in the future. According to Bloomberg, Wells...