Mortgage: The Death Pledge
Mortgage: ‘mortuus’ meaning ‘dead’ and ‘gage’ meaning ‘pledge‘
I got to thinking lately that floating a mortgage rate might not offer much upside at the moment. Obviously it’s situational and depends on a particular loan scenario, timing, etc., but with mortgage rates back near 3.5 year lows, how much lower can they can go? With oil prices still...
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Published on: 2026-04-16
Source:
The Truth About Mortgage
In somewhat astonishing fashion, at least to me, mortgage rates have been falling all month. And by a fair amount. After a really ugly March, in which rates surged from sub-6% levels to around 6.625%, they’ve since come down quite a bit. At last glance, the 30-year fixed was back...
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Published on: 2026-04-15
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The Truth About Mortgage
Financing a manufactured home can already involve additional layers of review, and when that home is located in a leasehold community, the rules become even more specific. One of the most important distinctions to understand is how Fannie Mae and Freddie Mac differ with respect to manufactured homes on leasehold...
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Published on: 2026-04-15
Source:
Mortgage Depot
The brains over at Yahoo Finance set out to determine a five-year mortgage rate forecast using traditional research and Anthropic’s Claude. When combining 10-year treasury yield forecasts with projected spreads, they came up with 30-year fixed mortgage rates for the next five years. What they discovered is that mortgage rates...
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Published on: 2026-04-14
Source:
The Truth About Mortgage
Mortgage rates have had one of their best two-week spells in a long time. And they’ve done it during one of the most uncertain times in years, with a war raging in the Middle East. Despite oil priced near $100 per barrel, the 30-year fixed remains priced near its lowest...
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Published on: 2026-04-10
Source:
The Truth About Mortgage
So far this year, mortgage rates are behaving as they typically do. They fell in the winter months and began rising in spring. Right on schedule, the 30-year fixed hit a multi-year low in the month of February, which has been the best month for mortgage rates going back to...
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Published on: 2026-04-09
Source:
The Truth About Mortgage
Mortgage rates continue to move lower, extending the rally from last week due to a two-week “ceasefire” in the Middle East. However, there have already been reports of multiple events including a massive bombardment in Lebanon since the ceasefire was apparently agreed to. In other words, it’s unclear how much...
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Published on: 2026-04-08
Source:
The Truth About Mortgage
It’s a hat trick. Once again, United Wholesale Mortgage was crowned the top mortgage lender in the country, as it was in 2024 and 2023. This marks the third year in a row for the Pontiac, Michigan-based company that solely works with mortgage brokers. And like usual, they beat out...
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Published on: 2026-04-07
Source:
The Truth About Mortgage
Get Up to $13,000 Toward Your Home Purchase The HOPER Hope for Homeownership (H4H) Program is an FHA-backed initiative to help today’s buyers overcome one of the biggest barriers to homeownership: upfront costs. By combining financial assistance with long-term energy savings, this program creates a powerful opportunity for both first-time...
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Published on: 2026-04-06
Source:
Mortgage Depot
Mortgage rates have been surprisingly resilient lately, despite all the inflation concerns related to the ongoing conflict in the Middle East. At last glance, the price of a barrel of oil was over $110, up from the $60 range in February. Yes, mortgage rates have risen quite a bit since...
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Published on: 2026-04-06
Source:
The Truth About Mortgage
These programs are ideal for non-owner-occupied transactions where traditional banks slow deals down or apply rigid underwriting standards. Nationwide Business Purpose Lending (Non-Owner Occupied) We offer asset-based business-purpose loans nationwide, focused on the strength of the property and the transaction rather than borrower income limitations. Loan amounts from $75,000 to...
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Published on: 2026-04-01
Source:
Mortgage Depot
What was once unimaginable has now become reality. Jerome Powell may have made mortgage rates go down. I know what many are thinking. This can’t be possible. The Fed chair is a super villain when it comes to mortgage rates. He raised rates 11 times and made mortgage rates surge...
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Published on: 2026-03-31
Source:
The Truth About Mortgage
It’s been hard for mortgage rates to buy a bucket lately. They’ve been creeping higher and higher all month with seemingly no letup in sight. The worst part is they were at the lowest levels in over three years at the end of February. Question is, what can stop the...
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Published on: 2026-03-30
Source:
The Truth About Mortgage
Mortgage rates have had a really bad month. After falling to the lowest levels in three and a half years in late February, they abruptly changed course. The reason why wasn’t a mystery. An unexpected war broke out in Iran, sending oil prices above $100 a barrel and mortgage rates...
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Published on: 2026-03-27
Source:
The Truth About Mortgage
Cryptocurrency just became further entrenched in the mortgage world thanks to a new partnership between Better and Coinbase. The two companies have collectively launched a “token-backed mortgage” that adheres to the standards of Fannie Mae. That means it’s a conforming mortgage that enjoys favorable underwriting guidelines and lower mortgage rates...
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Published on: 2026-03-26
Source:
The Truth About Mortgage
One of the most significant recent changes is Fannie Mae’s updated risk credit level assessment within Desktop Underwriter® (DU). This new framework is now in effect and represents a major shift in how loan risk is evaluated across the industry. FICO Scores Are No Longer Part of the Underwriting Overall...
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Published on: 2026-03-25
Source:
Mortgage Depot
Exclusive Home Financing for Medical Professionals MortgageDepot’s Doctors Program, also known as a Physician Loan, provides a path to homeownership with up to 100% financing and no private mortgage insurance (PMI). Medical professionals often face unique financial circumstances, including high student loan balances, delayed income growth during training, and the...
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Published on: 2026-03-18
Source:
Mortgage Depot
As digital assets continue to gain mainstream acceptance, many borrowers are surprised to learn that most mortgage lenders still do not recognize cryptocurrency holdings during the loan qualification process, especially for reserves or asset verification. We now allow eligible cryptocurrency assets to be used in the mortgage qualification process, giving...
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Published on: 2026-03-11
Source:
Mortgage Depot
We are expanding our commercial lending platform significantly. We’re now offering Fannie Mae Multifamily financing with loan amounts ranging from $1 million to $100 million. This is a transformative opportunity for investors, syndicators, and commercial property owners seeking long-term, stable financing for multifamily assets nationwide. A New Level of Multifamily Financing...
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Published on: 2026-03-04
Source:
Mortgage Depot
We’ve expanded our approach to the three-year continuance requirement for distribution income. Meeting the 3-Year Continuance Requirement When a borrower uses distributions from a retirement account, we must verify that the account has sufficient funds to continue payments for at least 36 months. But what happens when the primary account doesn’t show enough...
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Published on: 2026-02-25
Source:
Mortgage Depot
Simple, Unsecured Financing for Home Upgrades Our Home Improvement Loan program is for homeowners who need fast access to capital for renovations, repairs, or upgrades, without using home equity and without refinancing their mortgage. This is not a mortgage. It’s an unsecured loan based on credit and income, making the...
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Published on: 2026-02-17
Source:
Mortgage Depot