Here's what you need to know this week
| August 6, 2020 | | | Mortgage News | | | Here's a look at the latest developments in mortgages, homeownership, and beyond. | | | |
| | Rates expected to stay near record lows, but can't fall much further | | | The Federal Reserve's renewed commitment to support lending will likely keep rates low, but new records may be hard to break as lenders struggle to handle the influx of new applications. | | | | | | |
| | The average homebuyer's budget has increased by $32,000 | | | July's record-low mortgage rates allowed buyers to afford $32,000 more than they could in 2019 with the same monthly payment. Read more | | | | | Homebuying boom shows signs of longevity | | | With growing demand already outstripping a dwindling supply (down 30% year-over-year), it would take less than five months to sell every existing home on the market. Read more | | | | | Better.com rated among top 3 lenders for 2020 | | | Bankrate placed Better.com as a top pick among their Best Mortgage Lenders of 2020, citing expediency, affordability, and customer experience as deciding factors. | | | |
| | More on Mortgages | | | | | | For more on homebuying, homeownership, and how mortgages work, visit our resource center any time. | | | | | Questions about your mortgage application? Let's talk.
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BETTER MORTGAGE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, PROMOTIONS AND BENEFITS AT ANY TIME WITHOUT NOTICE. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. Better Mortgage Corporation is licensed by the Department of Business Oversight under the California Finance Lender Law License No.6052748, NMLS # 330511. (www.nmlsconsumeraccess.org). Equal Housing Lender. Not available in all states. Alaska Mortgage Broker/Lender License (# AK330511); Alabama Consumer Credit License (# 22548); Arkansas Combination Mortgage Banker-Broker-Servicer License (# 114738); Arizona Mortgage Banker License (# 0942146); CA Dept. of Business Oversight - Finance Lenders Law License (# 6052748); Loans made or arranged pursuant to Mortgage Company Registration with the Colorado Division of Real Estate (# 330511); Connecticut Mortgage Lender License (# ML-330511); District of Columbia Mortgage Dual Authority License (# MLB330511); Delaware Lender License (# 026589); Florida Mortgage Lender License (# MLD1484)Georgia Mortgage Lender License (# 43354); Iowa Mortgage Banker License (# 2018-0056); Idaho Mortgage Broker/Lender License (# MBL-2080330511); Illinois Residential Mortgage Licensee (# MB.6761046); Indiana DFI Mortgage Lending License (# 330511); Kansas Mortgage Company License (# MC.0025544); Kentucky Mortgage Company License (# MC419058); Louisiana Residential Mortgage Lending License (# 330511); Maryland Mortgage Lender License (# 21438); Maine Supervised Lender License (# 330511); Michigan 1st Mortgage Broker/Lender Registrant (# FR0020971); Mississippi Mortgage Lender License (# 330511); Missouri Mortgage Company License (# 19-2462); Montana Mortgage Lender License (# 330511); North Carolina Mortgage Lender License (# L-162055); North Dakota Mortgage Broker License (# MB103296); Nebraska Mortgage Lender License (# 330511); Licensed by the N.J. Department of Banking and Insurance (# 330511); New Mexico Mortgage Lender License (# 330511); Licensed Mortgage Banker – NYS DFS (# LMB-109666); Ohio Residential Mortgage Lending Act Certificate of Registration (# RM.804430.000); Oklahoma Mortgage Lender License (# ML011933); Oregon Mortgage Lending License (# ML-5310); Pennsylvania Mortgage Lender License (# 46959); Rhode Island Mortgage Lender License (# 20183669LL); South Carolina-BFI Mortgage Lender / Servicer License (# MLS-330511); South Dakota Mortgage Lender License (# ML.05201); Tennessee Mortgage License (# 136757); Texas Mortgage Lender License (# 330511); Utah Mortgage Entity License (# 11448204); Washington Consumer Loan License (# CL-330511); Wisconsin Mortgage Banker License (# 330511BA); West Virginia Mortgage Lender License (# ML36354); Wyoming Mortgage Lender License (# 3369)
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