MegaStar Financial Corp Blog and Press

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Press & News

Anita Padilla-Fitzgerald Inducted into

The Colorado Business Hall of Fame

Recognized for her visionary leadership and pioneering contributions to the mortgage and tech industries, Anita Padilla-Fitzgerald joins the Colorado Business Hall of Fame. Her journey from receptionist to industry leader reflects her dedication to innovation, growth, and empowerment.

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Anita Padilla-Fitzgerald Receives

Latinas First Foundation’s "Standing on the Shoulders of Giants" Award

Latinas First Foundation recognizes Anita Padilla-Fitzgerald and her remarkable achievements and the legacy of inspiration she carries forward.

Anita Padilla-Fitzgerald Honored

2024 Inman Best of Finance Award

2024 Inman Best of Finance: Celebrating another year of innovation, Anita Padilla-Fitzgerald earns the prestigious 2024 Inman Best of Finance award for her impact on the mortgage and tech industries.

John Owens announced as the new Executive Vice President and Chief Strategy Officer.

With over 20 years in the mortgage industry, Owens brings a wealth of knowledge and an impressive record of success to Megastar. In his new role, he will drive sales growth, foster industry relationships, and demonstrate how modern lending solutions are game changers for lending teams.

Weekly Economic Update

Weekly Mortgage Report - October 24, 2024

Mortgage rates rose for the fourth consecutive week, with economic strength pushing rates higher. Mortgage applications also saw a decline, hitting their lowest level since July, despite rates still being lower than a year ago. Meanwhile, existing home sales fell to a 14-year low as high prices and mortgage rates continued to weigh on the market. Despite these challenges, jobless claims dropped unexpectedly, signaling resilience in the labor market. Read more for insights on how these trends may impact your next home purchase.

Weekly Mortgage Report - October 17, 2024

Mortgage rates have risen for three consecutive weeks, reflecting a strong economy that continues to support the housing market. However, despite the higher rates, they remain over a full percentage point lower than last year, offering potential opportunities for homebuyers. Meanwhile, mortgage applications dropped, with first-time buyers showing resilience amid improving inventory conditions.

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Weekly Mortgage Report - October 10, 2024

Mortgage rates experienced their largest increase since April following strong job market data, yet the rise is more about shifting expectations than a weak economy. Despite the rate hike, more homes are now available, offering new opportunities for buyers. Explore the full post to understand how these changes impact the housing market, inflation trends, and what lies ahead for mortgage rates.

“A good reason why you may want to offer below 5% is when you’re paying with cash (although companies who offer sellers cash for their home will typically offer 65% below market price).”

Publisher: HomeLight
Article: Is It Too Low? What Is Reasonable to Offer Below Asking Price
Link: https://tinyurl.com/2jp6kbmh

    1098 forms were mailed 1/26/2024. 

    If you have questions or need assistance with your 1098 form, please send your question to servicing@megastarfinancial.com.