Published by Forbes.com | November 24, 2022 Given that rising interest rates are what has prompted the slow down, it stands to reason that continuing on this path will put more pressure on real estate. Over the past few weeks mortgage demand has crept up slightly as mortgage rates have come down. Even so, the …
Mortgage Demand Down Up To 88% From This Time Last Year Read More »
Published by FOX News | November 17, 2022 Redfin reports homebuyers need to make at least $107K annually to afford typical U.S. home The leader of the nation’s largest trade association for homebuilders has warned of a “worst-case scenario” facing some housing markets as homebuyers get squeezed. “Right now, in almost no market in this …
Affordability Squeezing Homebuyers’ Wallets as Builders Face ‘Worst-Case Scenario’ Read More »
Published by FOX Business | November 15, 2022 FHA’s capital reserves rise to $141.7 billion, up $42 billion from 2021, giving officials room to trim mortgage costs A federal housing agency on Tuesday said its financial reserves have reached record levels and that it was well positioned to weather a mortgage-market downturn. The audit, released …
Housing Agency Reports Record Financial Cushion as it Braces for Market Downturn Read More »
Published by REALTOR.com | November 11, 2022 All eyes have been glued to mortgage rates lately as those all-important fees continue their seemingly inexorable upward march. While average rates for a 30-year fixed-rate mortgage dipped to 6.95% last week, that figure climbed back to 7.08% for the week ending Nov. 10, according to Freddie Mac. And if inflation refuses …
Published by FOX Business | November 8, 2022 The report stated a loss of $1.3 trillion U.S. mortgage holders saw a massive loss of equity in the third quarter, mortgage-lending software and analytics company Black Knight found. Black Knight’s Mortgage Monitor Report, released Tuesday, said the total homeowner equity lost in the three-month period amounted to …
Report: Mortgage Holders Lost Massive Equity In The Third Quarter Read More »
Published by Forbes.com | October 28, 2022 If you’re in the market to purchase a home, you know that mortgage rates are rising. Rates surpassed 7% for the first time in 20 years. And higher mortgage rates send monthly payments up significantly. A $240,000 mortgage at a 7.544% rate on a 30-year loan generates a monthly principal …
5 Practical Tips To Get The Lowest Mortgage Rate Possible Read More »
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 »
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