Afford - Real Estate Investor Pulse

Locked into low interest rates, or locked out of the housing market? ‘Nobody can afford anything now’

June 29, 2023 Mark Paul Cervantes Comments Off

When Maggie moved to Las Vegas from Michigan with her family and bought a house in December of 2020, interest rates were incredibly low. “I think we got an interest rate at (2 or 2.2) […]

This Is How Much House Dave Ramsey Says You Can Afford to Buy

March 1, 2023 Mark Paul Cervantes Comments Off

The post This Is How Much House Dave Ramsey Says You Can Afford to Buy appeared first on Weekly Real Estate News.

Can You Afford a House Right Now?

January 29, 2023 Allen Santos Comments Off

The post Can You Afford a House Right Now? appeared first on Weekly Real Estate News.

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]