Published by FOX Business | October 27, 2022 The average rate for a 30-year fixed mortgage topped 7% for the first time in two decades at the end of October. Freddie Mac reported that the average long-term U.S. mortgage rate climbed to 7.08% from 6.94% at the end of October. A year ago, the 30-year rate …
Published by FOX Business | October 20, 2022 Redfin projects mortgage rates may not fall until early to mid-2023 Red-hot mortgage rates are giving home buyers and sellers cold feet. About 17% of homes that went under contract with real estate brokerage Redfin last month were called off. The technology-powered real estate firm reported that approximately …
Published by Breitbart News | October 13, 2022 The 30-year fixed mortgage rate rose to 6.92 percent on Thursday, the highest rate in over 20 years. According to data from Freddie Mac, after the 30-year-mortgage fixed mortgage rate declined by 0.04 percent from 6.7 percent on September 29 to 6.66 percent a week ago, it has since …
30-Year Mortgage Rates Increase to 6.92% — Highest Since 2002 Read More »
Published by REALTOR Magazine | September 28, 2022 “If you’re regularly paying your rent on time, that’s a good indication you will also pay your mortgage on time,” says the Federal Housing commissioner. The Federal Housing Administration published a letter to lenders urging them to consider including a borrower’s positive rental payment history when applying …
FHA Moves to Include On-Time Rental Payments for First-Time Buyers Read More »
Published by Breitbart News | September 29, 2022 The 30-year fixed mortgage rate surged to 6.7 percent on Thursday, more than double what it was a year ago. According to data from Freddie Mac, the 30-year fixed mortgage rate jumped by 0.41 percent from a week ago. A year ago, the rate was at 3.01 percent. It is …
Mortgage Rates Surge to 6.7% — More than Double Since Last Year Read More »
Published by CNBC | September 9, 2022 The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Now, real estate agents who once reported lines of buyers outside open houses and bidding …
Published by Forbes.com | August 28, 2022 In an analysis of the 97 most populous U.S. metro areas, one quarter of home sellers lowered home asking prices in June. Given rising mortgage rates that spiked to their highest levels since the 2008 housing crisis and fears of a recession, the real estate market has been preparing for …
Written by Tod Snodgrass | September 1, 2022 The number of NOD pre-foreclosures notices are on the rise. Fortune magazine reports they are up triple digits in 2022 compared to 2021. There are several factors causing the uptick: COVID mortgage forbearance overhang, the current recession, rapidly rising interest rates this year, etc. The increase in the …
Published by Breitbart News | September 1, 2022 When the housing bubble of the first decade of the twenty-first century burst, there was widespread agreement that one of the culprits was mortgages that required little or no money down. The dark lord of no-money-down mortgages emerged this week in the form of a new home loan …
Breitbart: How to Build an Antiracist Housing Bubble Read More »
Published by FOX Business | August 26, 2022 New listings plunged 15% year-over-year during the four week period ending Aug. 21 A growing number of home sellers are becoming even more reluctant to list their properties on the market as asking prices fall in reaction to waning demand. New listings for homes for sale dropped 15% during …
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