by Element Mortgage | Feb 19, 2020 | Live, Washington
An astonishing number of homeowners across the United States are poised to reap the benefits of equity-rich properties. Nearly 15 million homeowners currently are in a position where they owe less than 50 percent of the estimated market value on their home, according... 
by Element Mortgage | Feb 10, 2020 | Live, Washington
The volume of mortgage applications increased to its highest point in six years as lower interest rates continue to fuel the market. The five percent gain is also attributed to the strength of refinancing in the market, according to the Mortgage Bankers Association.... 
by Element Mortgage | Feb 4, 2020 | Live, Washington
Freddie Mac’s total mortgage portfolio increased by more than 15 percent, thanks in large part to consumers taking out more home refinance loans, according to Mortgage News Daily. The government-sponsored enterprise has a balance of $2.33 trillion, representing... 
by Element Mortgage | Jan 28, 2020 | Live, Washington
Paying your bills on time? This is of great importance to most consumers. And now, Fair Isaac Corporation, the company behind FICO scores, which measures creditworthiness, is planning on introducing new FICO models. The company will incorporate credit bureau data,... 
by Element Mortgage | Jan 20, 2020 | Live, Washington
The new decade started with more promising news for future home buyers. The historically low mortgage rate fell to a three-month low. Freddie Mac reports that today’s rate is also 81 basis points under what it was at this point a year ago. Both favorable rates and the...