Redfin Mortgage expands to Pennsylvania, targets other states

Seattle-based tech-powered brokerage Redfin today announced the expansion of Redfin Mortgage into Pennsylvania — the fourth market added since Redfin Mortgage’s launch in January …

Three-Peat: Mortgage Rates Dip Again

Mortgage rates dipped this week, marking a three week-streak of declines after sailing past 4 percent at the end of 2016. According to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®), the 30-year fixed-rate mortgage averages 4.09 percent with an average 0.5 point, while the 15-year fixed-rate mortgage averages 3.34 percent with an average 0.5 point. […]

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Could NAR’s ‘BRED mortgage’ breed more equity for homeowners?

Seeking a way to put more money into homeowners’ pockets, the National Association of Realtors (NAR) has put forth a proposed new mortgage loan product that aims to blend several existing mortgage structures into one, taking the pros of each while minimizing their cons. The association said its proposal, called the Blended Rate Equity Driver (BRED) mortgage, may give homeowners a way to build equity in their homes faster than they currently do with a traditional 30-year, fixed rate mortgage (FRM) …

The mortgage process feature that will land you more business

Differentiate your mortgage business from the competition with more than just “great customer service.” Provide what millennials and a surprising number of older borrowers want: automated mortgage process status updates …

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