Published by REALTOR Magazine | May 14, 2021 Low mortgage rates have helped with housing affordability at a time when home prices have surged by double-digit percentages over the past year due to increasing buyer demand. The average for the 30-year fixed-rate mortgage remained below 3% this week, but economists warn that rates in the 2% range likely …
Published by REALTOR Magazine | April 29, 2021 The program is geared to homeowners with single-family, Fannie Mae or Freddie Mac-backed mortgages. The Federal Housing Finance Agency is giving low-income homeowners who missed out on the refinancing boom last year another chance. FHFA announced a program this week that will help low-income homeowners with government-backed …
FHFA to Help Low-Income Owners Cut Mortgage Costs Read More »
Published by REALTOR Magazine | April 16, 2021 There are eligibility requirements and caps that young pros will have to meet. Young professionals on the hunt for a new location may find incentives from states—even offers to pay off their student loan debt in exchange for purchasing a home. Illinois and Maryland recently launched “SmartBuy” …
Published by The Palm Beach Post | April 8, 2021 The sizzling housing market is a double-edged sword for Realtors. Glossy mailers, cold calls and text messages — if you are a homeowner, you’ve probably received more than one gauging your interest in selling your home amid what is the hottest real estate market in more …
Published by REALTOR Magazine | April 6, 2021 The CFPB estimates that 1.7 million borrowers could be at risk of foreclosure by September. Concerned a foreclosure wave is on the horizon, the Consumer Financial Protection Bureau recently proposed a rule that would prohibit mortgage servicers from foreclosing against delinquent borrowers for the remainder of this …
Published by REALTOR Magazine | March 23, 2021 Buyers are feeling a greater sense of urgency as mortgage rates begin to rise. The buying frenzy continues as multiple offers become the norm and buyers offer thousands or tens of thousands above the asking price to try to get the home they want. In many cases, …
Texas Home-buying Frenzy Leads to 97 Offers on One Listing Read More »
Published by REALTOR Magazine | March 18, 2021 The Fed indicates they likely won’t raise interest rates until 2023—at the earliest. The Federal Reserve voted on Wednesday to keep its benchmark interest rate near zero and at historic lows as the economy continues to recover from the COVID-19 pandemic. The Fed went on further to …
Published by REALTOR.com | March 8, 2021 The Mortgage Bankers Association estimated that lenders originated some 7.1 million refinance loans last year. As interest rates plummeted throughout 2020, mortgage refinancing became a major avenue to saving money in the midst of the coronavirus pandemic. But those who took the plunge need to be aware of …
Did You Refinance Your Mortgage Last Year? Here’s How It Could Affect Your Taxes Read More »
Published by The Washington Examiner | March 11, 2021 Rep. Ilhan Omar (D-MN) introduced a bill that seeks to cancel rent and mortgages nationwide through the duration of the coronavirus pandemic. The Rent and Mortgage Cancellation Act would allow for full payment forgiveness, with no accumulation of debt for renters or homeowners and no negative impact on …
Omar Pitches National Cancellation of Rent and Mortgage Payments Until April 2022 Read More »
Published by REALTOR.com | March 4, 2021 It looks like the era of cheap loans may be coming to an end. For the better part of a year, one bright spot for home buyers in this hypercompetitive market of record-high prices and a record-low number of homes for sale has been mortgage interest rates, which …
Mortgage Rates Tick Up Over 3 Percent, Dealing Home Buyers Another Blow Read More »
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