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MMA on the News Accelerated mortgage payoff

See for more info. MMA Accelerated Mortgage Pay Off In 8 to 11years News Video. Pay Off your Mortgage in as little as 8 to 11 years ...

Affordability issues drive home price appreciation even lower

"The continued slowdown in the rate of home price appreciation nationwide and in many local markets is a rational response to worsening home affordability, which has deteriorated at an accelerated pace this year due to rising mortgage rates ," Daren Blomquist, senior vice president at Attom Data Solutions, said in a press release.

A rout in stock prices such as on Wednesday generally has implications for the bond market that could drive rates lower and help relieve affordability pressures. But in this case the downward pressure on rates was limited.

"Yesterday's trade didn't help borrowers much," Walter Schmidt, a senior vice president and manager of mortgage strategies at FTN Financial, said in an interview.

Investors' flight into bonds from equities is what can put downward pressure on rates when the stock market tanks, but investors were less interested in mortgage-backed securities on Wednesday than they were in Treasuries. So there was minimal downward pressure on mortgage rates as stocks declined in value.

Gateway Mortgage Group Accelerates Recruitment Efforts

Gateway Mortgage Group , a full-service mortgage company founded by Kevin Stitt, announced accelerated recruitment efforts across the nation to support strong demand for its lending products. Gateway notes that this decision comes at a time when much of the mortgage industry is experiencing slowed or declining growth, and many of the nation’s lenders are announcing layoffs.

Founded in 2000, Gateway has focused on profitable growth and acquiring market share.

Gateway has an extensive franchise, with 170 retail offices in 40 states and the District of Columbia. The firm expects annual loan volume to exceed $8 billion in 2019. Gateway attributes its success to the talented team members who have built the firm and a strong culture. Growth would not be sustainable without a clear focus on a core set of values and purpose.

“Gateway is passionate about strengthening families and communities, and that begins with empowering team members by providing them with the right tools, products and robust operational support in their local communities,” said Gateway in a statement.

does anyone know how a accelerated home loan mortgage work?

Instead of making a payment monthly, some plans will set it up to pull 1/2 of your payment every other week.