Source: Housing Wire — The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. […]
Source: Fox Business — The average interest rate for 30-year fixed-rate mortgages hit the 6% mark for the first time in 14 years, according to a Mortgage Bankers Association (MBA) survey released Wednesday. The […]
The interest rate for the 30-year fixed-rate mortgage crossed a major threshold this week, hitting 6.02%–the first time it has broken 6% since 2008, Freddie Mac reported Thursday. Volatile mortgage rates are sending shockwaves through […]
As the housing market slows, real estate pros may find it’s a perfect opportunity to explore new niches and expand their business opportunities. They’re finding that NAR Spire, the National Association of REALTORS(R)’ mentorship program, […]
Source: Yahoo Finance — Home sellers may face a closing window on today’s still-warm — but cooling — real estate market. While sellers can still take advantage of low inventory, they should also know that […]
Source: Bloomberg — US consumer prices were resurgent last month, dashing hopes of a nascent slowdown and likely assuring another historically large interest-rate hike from the Federal Reserve. The consumer price index increased 0.1% from […]
Source: The Motley Fool — Buying a home can be challenging for low- and moderate-income mortgage applicants for a number of reasons. First, those who don’t earn a lot of money often struggle to come […]
Source: Entrepreneur — Reverse mortgages let older homeowners cash out their home equity without selling their residences or taking on debt payments. However, the loans have costs and eligibility restrictions that can cause other solutions […]
Source: The Guardian — Q I’m a 42-year-old full-time professional and in a rather fortunate but tricky situation, which I would like your help with. My seven-year fixed-rate mortgage is coming to an end on 2 […]
Mortgage Application Volume, Tiny Increase in Purchase Activity Ends 5-Week Slump Only a slight uptick in purchase mortgage applications kept all last week’s volume indicators from falling for the fifth straight time. The […]
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