Bill Emerson Quicken Loans CEO - Quicken Loans Zing Blog

Last Friday, Bill Emerson, our beloved CEO, appeared on CNBC’s “Squawk Box” to discuss the current housing marking, mortgage rates and what’s expected to happen in the near future.

The news is mixed.

People are still nervous about their jobs and the economy. Some people are still finding it difficult to qualify for a mortgage. And, home buying is down 16% year-over-year, largely due to a decline in first-time home buyers (which typically make up 40% of the marketplace, but are currently only 25%).

However, mortgage rates are down and home prices are steady and rising at a healthy rate. Rates on 30-year fixed-rate mortgages and 10-year adjustable rate mortgages are very good right now and offer a great opportunity for home buyers or those wanting to refinance to save some money.

So, please check out the video and let us know what think. Are you feeling optimistic about the economy? Any plans to buy or build a home? We’d love to read your comments.

 

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This Post Has 3 Comments

  1. I applied for a mortgage refinance in June 2016 with Quicken. I was approved and completed and submitted the proper documentation. All was well, but their was a lien place on our property which I was not aware of. I also submitted payment for the appraisal and termite inspection fees. I requested these appraisal fee to be refunded and was denied reimbursement.

    According to you advertising promotions, the appraisal fee may be waived. This is a big impact on our budget and credit card account. I am a veteran suffering from a brain tumor and the reason I wanted to refinance to relieve me of the burden of having to deal with the expenses and VA treatment. I am only a 10-point veteran and the VA has not awarded any higher award. My appeal is several years old. Please review this request and render the proper decision. I am sure your company and handle this matter. I do chose to revisit my refinance with Quicken Loans when a better time is appropriate.

    1. Hi Douglas:

      I’m very sorry to hear about your brain tumor. I hope for your speedy recovery.

      In terms of the appraisal fee, I’m going to forward this to the appropriate people to have your request reviewed and see if there’s anything we can do.

      Thanks,
      Kevin Graham

  2. I applied for a VA loan in January with Quicken Loans and it is not completed yet! I have paid twice for a pest inspection because it is only good for 90 days! I have been sending duplicate copies of paper work to them, and I feel I am getting the runaround. I have spoke to other loan companies and they said it should not take over and month and a half to complete a VA loan. I have a balloon payment coming up and I am concerned! Can you speed up this process or I must go another way! Thank you!

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