111 Results for author: RateMarketplace

Mortgage Applications Up 3.6 Percent, Thanks to Refinancing

CNBC financial reporter Diana Olick revealed on Monday that the total mortgage application volume rose 3.6 for the week ending Aug. 14, versus the previous week. And according to Olick, the jump was caused, in large part, by refinance applications, which surged 7 percent during the same time period. "The pick-up in refina... More

Wells Fargo Adding More Car Loan Branches Nationwide

Wells Fargo revealed to Reuters on Tuesday that it has begun creating more branches devoted to car loans and financing for auto dealers as a way to increase its auto lending business in a relatively low-risk environment. Wells Fargo Breaks New Ground with Auto Loan Branches According to the news source, Wells Fargo currently ... More

Borrowing Increases – But Barely – for U.S. Households in Q2

The New York Fed revealed on Thursday that the amount of borrowing increased for households nationwide in the second quarter of 2015 – but just barely. According to Bloomberg, “increases in auto loan debt and credit card balances offset a decline in mortgage debt to leave total borrowing of U.S. households roughly ... More

New Report Shows Auto Insurance is More Affordable for Teens on Parents’ Plans

A new study conducted by InsuranceQuotes.com found that 18-year-olds pay an average of 18 percent more for car insurance when they sign up for individual plans than they do when they remain on their parents’ policies. Affordable Auto Insurance for Teenagers The report, which was just published earlier this week, also noted ... More

CNN: Fed Rate Hike Not a Done Deal

Although it has been widely suggested that the Federal Reserve will be raising interest rates in the coming weeks, CNN pointed out on Monday that there’s a chance the prediction won’t play out. According to the news source, there are five key factors that may keep the Fed from making a move. Bad wage growth, the ... More

Fannie Mae, Freddie Mac to Send Taxpayers $8.3 Billion This Quarter

The government-sponsored mortgage giants Fannie Mae and Freddie Mac said this week that they will send taxpayers $8.3 billion in second-quarter earnings, an increase of over 50%. The corporations that support the mortgage market have benefited from the growing housing market, and both announced this week that rising interest ... More

1 in 7 California Home Buyers Thinks They Overpaid

Poll results released by the California Association of Realtors earlier this week suggest that a slew of homeowners in the state may be suffering from a bit of buyer’s remorse. According to the findings, 85 percent of buyers believed that the home they bought was worth the price they paid, while 14 percent believed the price ... More

Economists: September Rate Hike Likely

As the Federal Reserve prepares to raise interest rates for the first time in nine years, BlackRock Global Investment Strategist Russ Koesterich warned CNBC on Monday that the stock market may see a 10% drop. "I believe that in the next two to three months, there will be a greater opportunity to buy this market," he stated. ... More

Apartments and Condos Prevalent in Busiest Home-Building Markets

According to the Wall Street Journal, the busiest and fastest-growing large metro areas in the U.S are all starting to see an increase in the construction of apartments and condos, as opposed to detached, single-family homes. The latest data released by the Commerce Department last week shows that – in the 10 busiest U.S. ... More

Americans Contributing More to 401(k) Plans Than Ever Before

According to a new report released by Fidelity on Thursday, Americans have begun contributing more than ever to their employer-sponsored retirement plans. For the first time in history, at the end of the second quarter of 2015, the average annual 401(k) savings rate surpassed the $10,000 mark, hitting $10,180. Still, ... More