Purchase mortgage rates beginning to stabilize in the low 5%

Purchase mortgage rates declined this week on the news that inflation appears to have peaked and appear to be stabilizing.

The 30-year fixed-rate mortgage decreased this week to an average of 5.13%, down from last week’s 5.22%, according to the latest purchase mortgage survey from Freddie Mac. A year ago this time, rates averaged 2.86%. The index compiles

Read More

Quality control provider Inco-Check rebrands as QC Ally

Inco-Check is rebranding to QC Ally, the company announced Wednesday. Inco-Check, a provider of QC and audit solutions, was founded in 2000 and acquired in May by Narrow Gauge Capital.

“While celebrating Inco-Check’s legacy of high-quality audit services, this new branding reemphasizes our shared goals and collaboration with our client partners to enhance their business,” said Donna Gibson,

Read More

HELOCs are now “raging back”

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs).

HELOCs allow homeowners to tap the equity in their home without incurring a much

Read More

HW+ Member Spotlight: Tom O’Donoghue

HW+ Member Spotlight: Tom O’Donoghue

This week’s HW+ member spotlight features Tom O’Donoghue, owner at Reverse Loans Now. O’Donoghue has been in mortgage banking for more than 30 years and has been helping and committed to working with Senior Citizens for the last seven years.

HW Media: What is your current favorite HW+ article and why?

Tom O’Donoghue: How inflation could be a net

Read More

Don’t miss the “Making Stats a Reality” panel at the Women

By now, it is no surprise to hear that promoting women to leadership positions is beneficial for company performance and company culture, but it is time to go beyond talk. These leadership duos will share their experience in finding allies in the c-suite during the Women of Influence Forum at HW Annual on Oct. 3. 

Ed Wu, chief technology officer

Read More

The Women of Influence Forum workshop: Learn how to create

One of the best ways to learn and grow is through experience-sharing, vulnerability and collaboration with others, which is what this workshop that rounds out the Women of Influence Forum is designed to create for attendees. The “Creating a Seat at the Table” workshop at the forum, which kicks off HousingWire Annual on Oct. 3, gives attendees an opportunity to

Read More