Rates, Industry News, and Our Latest Updates at EHG Lending.
Mortgage rates continued their upward trend this week, driven by economic data and rising Treasury yields amid ongoing inflation concerns. Geopolitical tensions, particularly in the Middle East, have further complicated the outlook. Experts anticipate that rates will remain elevated as the market reacts to upcoming economic reports.
Top Headlines
Keller Williams settles lawsuits involving scrapped changes to profit-sharing program
Keller Williams has settled multiple lawsuits regarding changes to its profit-sharing program that limited distributions for former agents. The settlement comes after the company decided to rescind the planned reductions, which sparked numerous legal actions from agents who previously enjoyed 100% profit share.
Mauricio Umansky wants the real estate industry to ignore the ‘noise’ around the NAR settlement
Mauricio Umansky, founder of The Agency, is advocating for the real estate industry to move past the distractions of the recent National Association of Realtors (NAR) commission settlement. He emphasizes the need for agents to adapt and thrive in the changing landscape following the settlement's implications.
Our Latest Update
With the help of one of our lender partners, United Wholesale Mortgage (UWM), we have released the “Cash-Out 90” loan program. We give you the financial flexibility that comes with a cash-out refinance that can help consolidate debt, prepare for tax season and achieve personal goals like paying for your children’s education or taking a dream vacation. We allow borrowers to unlock even more equity with an offering big banks and retail lenders don’t offer: a cash-out refinance up to 89.99% LTV with a simplified process and a competitive interest rate — all without the addition of mortgage insurance.
Bonus; Fun Fact!
Longest Mortgage Term on Record: In Denmark, it was once possible to get a 300-year mortgage! That’s about 12 generations to pay off one home.
Sources
Investopedia, Money, Housing Wire, Mortgage News Daily, NASDAQ, The Mortgage Reports, UWM.
Rates are based on national averages and information gathered by Mortgage News Daily, more information on how they calculate their rates on their website at “mortgagenewsdaily.com”.
Always consult with a licensed mortgage professional for an accurate interest rate and APR quote.
Request a quote now or apply on our website at ehglending.com
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