Mortgage: The Death Pledge
Mortgage: ‘mortuus’ meaning ‘dead’ and ‘gage’ meaning ‘pledge‘
I’ve mentioned on several occasions that I predicted a sub-6% mortgage rate by the fourth quarter of 2025. We are now in the fourth quarter, but still have about two and half months left before the calendar rolls over to Q1 2026. That actually feels like an eternity given mortgage...
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Published on: 2025-10-17
Source:
The Truth About Mortgage
Lately, mortgage rates have been kind of stuck in a holding pattern, though drifting lower at the same time. At last glance, the 30-year fixed was priced at around 6.25%, which is pretty good in the grand scheme of things. Definitely lower than the historical average of 7.75%. Given rates...
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Published on: 2025-10-16
Source:
The Truth About Mortgage
During a National Association for Business Economics (NABE) conference in Philadelphia, Fed Chair Jerome Powell admitted they maybe went too far buying up mortgage-backed securities a few years ago. The Fed’s controversial purchases of MBS led to the lowest mortgage rates on record, with the 30-year fixed falling to 2.65%...
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Published on: 2025-10-15
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The Truth About Mortgage
We remain committed to supporting real estate investors and borrowers in Baltimore City. While many lenders have pulled back or paused their programs, our lending policy for single-family DSCR loans in Baltimore City remains unchanged. We are still actively and confidently funding deals, giving you the certainty you need to...
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Published on: 2025-10-15
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Mortgage Depot
Well, it appears the rumors were true. You’ll soon be able to earn Bilt points when you make your monthly mortgage payment. Today, UWM and Bilt announced preliminary details regarding their partnership, which comes on the heels of a $100 investment in the housing loyalty program back in July. While...
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Published on: 2025-10-14
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The Truth About Mortgage
It’s now been 10 days since the government shutdown began and mortgage rates appear to be moving lower. They were already near three-year lows heading into the shutdown, and now with it dragging on, bond yields are falling as well. The 10-year bond yield, which serves as a bellwether to...
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Published on: 2025-10-10
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The Truth About Mortgage
These innovative, cost-effective housing solutions are in high demand, and builders, developers, and investors need financing that keeps pace with this growing trend. That’s why we offer a Ground Up Construction Loan program specifically designed to fund your next modular home project. Our Modular Home Construction Loan Features When you...
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Published on: 2025-10-10
Source:
Mortgage Depot
Recently, Better Home & Finance Holding Company (or simply “Better”) said it executed two agreements that it believes will materially increase its monthly home loan lending volume. To facilitate the expected boost in loan origination, it is increasing its warehouse line capacity via a $75-million dollar stock sale. This will...
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Published on: 2025-10-07
Source:
The Truth About Mortgage
President Trump has called on the big home builders to build more homes in a new social media post. It’s no secret that housing affordability is terrible at the moment, and one of the reasons is a lack of available for-sale supply. As we all know from economics 101, or...
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Published on: 2025-10-06
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The Truth About Mortgage
I got to thinking that mortgage rates might be kind of stuck where they are until more new data gets released. There’s just one little problem at the moment; the government is closed. And has been since October 1st. This means we won’t get a lot of new economic data,...
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Published on: 2025-10-03
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The Truth About Mortgage
If you’re currently in an active Chapter 13 Bankruptcy, you might think that qualifying for a mortgage is out of reach, but that’s not the case! FHA guidelines allow borrowers with an open Chapter 13 bankruptcy to obtain financing under specific conditions. Here’s what you need to know: FHA Guidelines...
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Published on: 2025-10-03
Source:
Mortgage Depot
What was long thought impossible might now be probable; mortgage rates in the 5s in 2025. I’ve actually been expecting it, and penciled a 5.875% 30-year fixed for the fourth quarter nearly a year ago in my annual mortgage rate predictions post. So it’s not a big surprise to me,...
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Published on: 2025-10-01
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The Truth About Mortgage
In a bid to help more gig workers, freelancers, and self-employed borrowers tap into their equity, mortgage lender Better has launched a new “Bank Statement Home Equity Line of Credit” (HELOC) program. As the name implies, you can now get approved for a HELOC with the nonbank lender simply by...
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Published on: 2025-09-30
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The Truth About Mortgage
Another government shutdown is slated to begin at 12:01 a.m. on Wednesday unless lawmakers can find a resolution. This isn’t the first time we’ve faced a shutdown lately, and surely won’t be the last. It seems to be becoming more and more common these days, though lately they’ve been able...
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Published on: 2025-09-30
Source:
The Truth About Mortgage
So far, at least three large mortgage companies have upped conforming loan limits ahead of time for 2026. This has been somewhat customary lately as home prices, which dictate the loan limits, have gone up significantly year after year. To gain a competitive edge, or to simply generate a press...
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Published on: 2025-09-29
Source:
The Truth About Mortgage
Self-employed borrowers often face challenges when applying for a conventional mortgage. We offer a solution designed specifically for business owners and entrepreneurs: the P&L Only Mortgage Program. With this program, you can qualify for a mortgage without providing bank statements to support your personal and living (P&L) income, just a...
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Published on: 2025-09-18
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Mortgage Depot
With the growing popularity of non-QM mortgage programs, our website generates a steady flow of high-quality leads from borrowers who don’t fit into conventional lending guidelines. The only challenge? We need more dedicated professionals to help us serve them. Why We’re Hiring Now The mortgage market has shifted, and more...
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Published on: 2025-09-12
Source:
Mortgage Depot
We work with veterans and active-duty service members every day to help them achieve the dream of homeownership. VA loans offer incredible benefits, but there are specific rules you need to know, especially if you’re planning to use rental income to qualify. PITI Reserve Requirements for Rental Income When a...
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Published on: 2025-09-05
Source:
Mortgage Depot
As a mortgage broker, we work with hundreds of wholesale lenders, allowing us to shop scenarios to these lenders and find solutions when traditional lenders can’t. Our loan officer, Roman Maranets, recently proved that once again. A borrower in Florida came to us needing a home equity line of credit...
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Published on: 2025-08-28
Source:
Mortgage Depot
We’re excited to announce a major change to our credit requirements for Non-QM loan programs. What’s Changed? In the past, if we pulled your credit from all three major bureaus —TransUnion, Equifax, and Experian —and your middle score was 700 or above, you still needed at least three trade lines...
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Published on: 2025-08-21
Source:
Mortgage Depot