Published by FOX Business | July 10, 2024 American homeowners are sitting on a record $17 trillion in equity, yet the rapid rise in mortgage rates over the past two years has prevented many of them from tapping their equity in order to refinance. Data published Wednesday by the Mortgage Bankers Association (MBA) shows that …
Mortgage Refinance Falls Again, Despite Homeowners Sitting On $17T in Equity Read More »
Published by Forbes.com | June 25, 2024 While buyers were debating the need for a 20% down payment, it jumped to 35.4% for a median-income household A 20% down payment has long been the gold standard when buying a home, although there are some myths, pros, and cons regarding that specific percentage. But now, according …
Why Many Home Buyers Now Need A $100,000-Plus Down Payment Read More »
Published by REALTOR.com | June 6, 2024 As with everything in real estate, where you live also has an impact on what kind of mortgage rate you can get. It’s a challenging housing market for home buyers, with home prices at an all-time high and mortgage rates above 7%. Eagle-eyed house hunters may notice a …
Why Mortgage Rates Vary by State and Which States Have the Lowest Read More »
Published by REALTOR.com | May 4, 2024 Since his guilty plea, Cox says he’s reformed and has turned his unusual talents to fighting fraud. In the late ’90s, Matthew Cox was 29 and starting a new job as a mortgage broker in Tampa, FL, when he committed his first act of mortgage fraud by erasing a borrower’s late payment …
Mortgage Fraudster Who Served 13 Years in $55M Scheme Now Helps Fight Scammers Read More »
Published by REALTOR.com | April 18, 2024 These higher rates are frustrating homebuyers and sellers, thwarting many of their plans. Mortgage rates are back up above 7%. Even worse, rates could rise further after U.S. Federal Reserve Chair Jerome Powell said policymakers were in no rush to cut rates while inflation remains stronger than anticipated. …
Published by REALTOR.com | March 1, 2024 Assumable mortgages are considered the unicorns of the loan world. Some say it’s because there’s not much in it for lenders. But these homebuyers prevailed. Here’s how, and why they’re so glad they did. Mickey Ricard and Grace Lucchese were excited to buy their first home together. But …
How We Bought A Home With A 2.6% Assumable Mortgage Read More »
Published by REALTOR.com | January 23, 2024 When a marriage splits up, the question of who walks away with the lower mortgage rate sparks far more than casual jealousy When Ann Shea, 44, was finalizing a divorce last year, she knew she wanted to keep the suburban Chicago home where she was raising her school-age …
The New Battle in Divorce: Who Gets Custody of the Low Mortgage Rate? Read More »
Published by Real Estate News | December 18, 2023 Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures this year. Though mortgage rate relief appears to be on the horizon, it’s still anyone’s guess which direction the housing market will go in 2024. The …
What Happens With Mortgages if There’s a Recession? Read More »
Published by Forbes.com | January 5, 2024 Falling mortgage rates will make it easier to buy homes this year, economists say. Economists predict the real estate market will recover in 2024 after a spike in mortgage rates and a shortage of properties sent sales tumbling to a 28-year low in 2023. Home sales likely will climb …
Mortgage Rate Forecasts For 2024 Signal A Comeback For Real Estate Read More »
Published by Breitbart News | December 11, 2023 The average monthly mortgage payment in Joe Biden’s America has soared to $3,322, per analysis from the Wall Street Journal. That $3,322 is nearly double the average monthly mortgage payment when His Fraudulency assumed office. When former President Trump left office, the average monthly mortgage payment was …
Average Monthly Mortgage Payment Explodes to $3,322 In Biden’s America Read More »
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