Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives […]
Guaranteed Rate this week walked away from negotiations to acquire Finance of America’s forward mortgage retail channel, which may result in FoA closing the division, sources with direct knowledge of the negotiations told HousingWire. Meanwhile, […]
With mortgage rates on the rise, mortgage professionals have been dealing with their fair share of challenges this year. HousingWire recently spoke with Charles J. Williams IV, founder and CEO of Percy.ai, about what housing […]
On Friday the Bureau of Labor Statistics reported 263,000 new jobs were added in September. While that growth seems like good news in this economy, it runs directly counter to what the Federal Reserve wants […]
Source: Forbes — The average rate on a 30-year fixed mortgage is 6.98%, according to Bankrate.com, while the average rate on a 15-year mortgage is 6.09%. On a 30-year jumbo mortgage, the average rate is […]
Source: Institutional Investor — Amid a slow down in the economy, higher financing costs, and mounting fears of a recession, real estate values are fast declining. But the downturn is an opportunity for investors […]
Source: Real Change News — We’ve had internet bulletin boards, listservs, text websites, game environments, websites, interactive websites. Now we’re seeing metaverse real estate. I’m already completely lost and left out in the cold […]
Source: Village News — After a tumultuous summer for real estate, autumn is here. As of mid-September, the benchmark 30-year fixed-rate mortgage average is hovering a bit above 6% and skyrocketing home prices are […]
Source: Yahoo Finance — The housing market and all of the uncertainty plaguing it is undoubtedly on the minds of prospective buyers, sellers and investors. As the Federal Reserve continues to try to curb […]
Source: US News — The U.S. housing market has seen a quick slowdown in 2022 with high home prices, high inflation and volatile interest rates. Many buyers are opting out of making a purchase with low […]
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