The baby boomers are living up to their name. Many boomers are opting to refinance their mortgages, lowering their monthly payments, and ultimately saving money over the longer term. With interest rates dropping, it’s fair to say that the mortgage industry is itself experiencing a “refi boom.”
Many millennials already had to rely on the “Bank of Mom and Dad” to provide funds to cover a down payment or ongoing payments on a house. These young Americans have more pressing needs — like paying off student debt. Despite being the largest generation in American history, millennials are not as likely to be homeowners as those in older generations.Of course, not all millennials are alike. The group also makes up 25% of our customers who earn more than $200,000 per year.
How mortgage companies can meet millennials’ needs How can mortgage companies better serve millennials? Some solutions:
Do they own a home?🤡
I don’t have a home
Millennials own homes?
The reason is most millennials don’t own a home.
Millennials still live at parents home draining the retirement fund
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Intelligence Had to Pull Spy From Russia Because Trump Is a Security RiskIt’s hard to run a superpower when the person with the highest security clearance is also the highest security risk. jonathanchait writes jonathanchait realDonaldTrump is not a risk, he is a Russian asset. They own him. Obviously. More details about the spy, who was recruited decades ago and rose through the Russian ranks. Amazing story by julianbarnes adamgoldmanNYT and SangerNYT kingfish7418 jonathanchait Putin’s getting his moneys worth. He admitted it.
Source: NYMag - 🏆 111. / 63 Read more »
Jennifer Lawrence Looks Smitten Over Cooke Maroney During NYC OutingJennifer Lawrence Looks Head-Over-Heels in Love With Cooke Maroney During NYC Outing Cuties JLawrenceARG doe's glasses doe
Source: enews - 🏆 466. / 52 Read more »
5 major changes the Trump administration wants to make to housing financeCreating competitors to Fannie Mae and Freddie Mac, and loosening mortgage regulations are among the proposed reform. I mean, they only crashed the economy, in a sane world we'd have shut them down .
Source: MarketWatch - 🏆 3. / 97 Read more »
Mnuchin, Top Administration Officials to Testify on Fannie and Freddie Overhaul EffortThe Treasury secretary is scheduled to testify before the Senate Banking Committee, starting at 10 a.m., about his department’s efforts to overhaul the mortgage-finance giants. OMG. More pure hell. I guess it’s true; hope springs eternal. As if anything helpful, useful or beneficial is ever going to come from any of these buffoons. You mean 'additional deals' to line the pockets of the Trump Organization. Maybe a special sales tax devoted to Trump Resorts.
Source: WSJ - 🏆 98. / 63 Read more »
How Fannie and Freddie Have Changed Since the CrisisNot sure what you think of mortgage giants Fannie Mae and Freddie Mac? Here’s a primer on how they’ve changed over the past decade, in eight easy charts. Capitalism is Slavery, Usury and Theft. And those are the positive attributes. The other lenders have gone back to a bunch of old tactics. I believe an implosion is coming once again. Fannie and Freddie took major strides in 08 to 13 the others did not. oldservicingemployee In a nutshell? They are corrupt institutions by nature. They shouldn't exist.
Source: WSJ - 🏆 98. / 63 Read more »
Rescuers are searching for a hiker missing in Hawaii for 10 days. Another hiker has been missing since JulyThe search for a missing hiker in Hawaii is in its second week, while another hiker in Maui has been missing since July.
Source: CNN - 🏆 4. / 95 Read more »