Mid America Mortgage Blog

Looking for a fresh start in a new place? Check out these great cities for new beginnings

college student moving back in with parents

A new year means a fresh start. And if you’re looking for a fresh start in a new place, we have a few suggestions. In today’s post, we’ll highlight some great U.S. cities that might be perfect for starting a branch new chapter in your life.

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Millennials going deeper into debt to buy homes, realtor.com study finds

family outside of home

  Older millennials have a strong presence in today’s real estate market; they’re buying homes, they’re getting mortgages. But unlike their Generation X and Baby Boomer predecessors, millennials are taking on significantly more debt to do so. According to a new analysis of mortgage origination data from Optimal Blue by realtor.com, millennials, many of whom are already burdened by student loan debt, are buying homes and starting families in an economy where home price increases have generally outpaced wage increases. This, combined with the fact that there are fewer starter homes on the market, led many millennials to purchase higher

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Mortgage Refinance Applications Rise As Rates Fall

mortgage application and keys

Mortgage rates fell on average the last week of November, causing a spike in mortgage refinance applications, according to recently released data from the Mortgage Bankers Association (MBA). Mortgage rates are significantly lower than they were a year ago, giving homeowners a powerful incentive to talk to their lenders about rate and term refinancing. In fact, total mortgage applications rose 4.7 percent last week from the previous week.

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15301 Spectrum Drive, Suite 405
Addison, TX 75001
Phone: 214-261-3300
Toll Free: 866-544-7013
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550 Warrenville Rd
Lisle, IL 60532
Phone: 630-796-6092
Toll Free: 855-528-4572

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At Mid America Mortgage, Inc. we're always looking for talented mortgage professionals to join our growing team. We're an Equal Opportunity Employer offering a highly competitive compensation and benefits package.

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