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US mortgage rates will create ‘dire’ situation for real estate market, expert warns
August 23, 2023
Mark Paul Cervantes
Mortage News, Top News, Weely Real Estate News
Comments Off on US mortgage rates will create ‘dire’ situation for real estate market, expert warns
One U.S. market expert is echoing similar concerns as some of the nation’s top real estate industry leaders about the short-term future of the industry. “As time goes on and people have to roll out of those […]
U.S. Commercial, Multifamily Mortgage Delinquencies Increase in Early 2023
April 26, 2023
Mark Paul Cervantes
Commercial Real Estate, Top News, U.S. Housing Market
Comments Off on U.S. Commercial, Multifamily Mortgage Delinquencies Increase in Early 2023
According to the Mortgage Bankers Association’s latest commercial real estate finance Loan Performance Survey, delinquency rates for U.S. mortgages backed by commercial and multifamily properties increased slightly through the first quarter of 2023. “Delinquency rates […]
Mortgage rates climb toward 7% after America’s credit rating was downgraded
August 4, 2023
Mark Paul Cervantes
Mortage News, Top News
Comments Off on Mortgage rates climb toward 7% after America’s credit rating was downgraded
Washington, DCCNN — US mortgage rates jumped this week, climbing closer to 7%. The move follows last week’s rate hike from the Federal Reserve, and the downgrade this week by Fitch Ratings agency of US sovereign debt, and of Freddie […]