Demetria Lester

1 week ago | themortgagepoint.com | Demetria Lester

An estimated 90% of mortgage lending institutions now provide digital closings to their clients, a 22% increase since 2023, according to Snapdocs‘ 2025 State of eClose Adoption Report, which gathered third-party data from 100 of these institutions. Additionally, only 14% of lenders with eClosing technology conclude more than 80% of their loans online, indicating that many lenders have not yet completely benefited from this rise in technology expenditure.

1 week ago | themortgagepoint.com | Demetria Lester

According to a recent Realtor.com survey, some 70% of prospective sellers believe that now is a good time to sell, indicating that sellers nationwide are feeling upbeat as we approach this year’s Best Time to Sell. Today’s sellers are hopeful about selling this year due to their capacity to capitalize on the rising value of properties and their belief that buyer-offers would meet their asking price, even though market conditions are not a deciding factor.

1 week ago | themortgagepoint.com | Demetria Lester

Older Americans now make up a growing portion of the U.S. population as the baby boomer generation approaches retirement age. About one in six persons—55.8 million people—were 65 or older in 2020, according to the U.S. Census. A new report from the Urban Institute reveals just how significant and in what ways the U.S. Department of Housing and Urban Development (HUD) cuts will affect older generations.

2 weeks ago | themortgagepoint.com | Demetria Lester

According to doxo’s 2025 U.S. Household Bill Pay Report, the average customer spends $24,695 annually on household expenses. The thirteen most important household bills total $3.45 trillion of The Bill Pay EconomyTM of 2025, which comes to a total of $4.55 trillion.

2 weeks ago | themortgagepoint.com | Demetria Lester

The median-priced property for sale requires an annual income of $116,633, which is 81.8% higher than the $64,160 required to rent a typical apartment, according to new Redfin report. The average U.S. property for sale last year required a salary of $110,808, which is 73.1% higher than the average rental income of $64,000. To afford the average property for sale two years ago, they had to make $101,341, which was 54.5% higher than the average rental income of $65,600.