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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
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HomeBuyers

Buyers

mortgage
International

UK mortgage rates rise again, turning screw on homeowners and buyers

June 30, 2023 Mark Paul Cervantes Comments Off on UK mortgage rates rise again, turning screw on homeowners and buyers

LONDON, June 29 (Reuters) – Major British lenders on Thursday announced another increase in mortgage rates offered via brokers, pushing many products above the 6% mark in painful news for many homeowners and potential buyers. […]

home prices
Economy

US home prices recover further as buyers battle for tight supply of listings

June 28, 2023 Mark Paul Cervantes Comments Off on US home prices recover further as buyers battle for tight supply of listings

Home prices in the U.S. rose for a third straight month, pushed up by growing buyer demand for a tight supply of listings. A national gauge of prices increased 0.5% in April from March, according […]

Middle-Income
Housing

US Housing Market Needs More Than 300,000 Affordable Homes for Middle-Income Buyers

June 9, 2023 Mark Paul Cervantes Comments Off on US Housing Market Needs More Than 300,000 Affordable Homes for Middle-Income Buyers

WASHINGTON (June 8, 2023) – The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and Realtor.com®. The country’s persistent […]

mortgage rates
Mortage News

Are mortgage rates heading back up to 7%? Here’s what buyers and sellers should know

June 2, 2023 Mark Paul Cervantes Comments Off on Are mortgage rates heading back up to 7%? Here’s what buyers and sellers should know

With home prices in South Florida still on the rise, the ebb and flow of mortgage rates are making the market tricky for buyers and sellers. Mortgage rates reached 6.9% this week, the highest level […]

mortgage
Economy

US mortgage rates rise slightly as ‘buyers remain wary’ – view from across the pond

May 22, 2023 Mark Paul Cervantes Comments Off on US mortgage rates rise slightly as ‘buyers remain wary’ – view from across the pond

Mortgage Solutions takes its regular weekly look across the Atlantic and examines what’s going on in the US mortgage market. In its latest Primary Mortgage Market Survey, the Federal Home Loan Mortgage Corporation (Freddie Mac) […]

Mortgage fees
Economy

Mortgage fees to rise for buyers with high credit scores, fall for those with lower scores

May 1, 2023 Mark Paul Cervantes Comments Off on Mortgage fees to rise for buyers with high credit scores, fall for those with lower scores

Heads up, homebuyers! Big changes have arrived in the way mortgage fees are calculated, and they could offer a windfall — or an unexpected surcharge — for your next home purchase. Starting Monday, some fees will […]

Homeownership
Housing Wire

Opinion: PMI is good for first-time buyers and housing finance system

April 14, 2023 Mark Paul Cervantes Comments Off on Opinion: PMI is good for first-time buyers and housing finance system

Homeownership remains at the core of the American Dream. After all, it improves financial security, enhances family and community stability, and builds intergenerational wealth. The Federal Reserve’s 2019 Survey of Consumer Finances found that the median […]

U.S Real Estate News

Are All-Cash Buyers Dominating NYC Real Estate Market?

March 3, 2023 Mark Paul Cervantes Comments Off on Are All-Cash Buyers Dominating NYC Real Estate Market?

New real estate data and reporting recently revealed that nearly a third of U.S. homebuyers are sidestepping a mortgage and purchasing property via cash-only transactions, according to Redfin. This is a trend that is suddenly […]

home
Housing

Pending home sales blew past expectations last month as buyers pounced on lower rates

February 28, 2023 Mark Paul Cervantes Comments Off on Pending home sales blew past expectations last month as buyers pounced on lower rates

Pending home sales crushed expectations in January, when mortgage rates dropped from recent highs of more than 7% and home buyers jumped at the opportunity. According to data released Monday from the National Association of […]

Weely Real Estate News

FHA Cuts Mortgage Insurance Rates, Providing More Opportunity for First-Time and Low-Income Buyers

February 28, 2023 Mark Paul Cervantes Comments Off on FHA Cuts Mortgage Insurance Rates, Providing More Opportunity for First-Time and Low-Income Buyers

The post FHA Cuts Mortgage Insurance Rates, Providing More Opportunity for First-Time and Low-Income Buyers appeared first on Weekly Real Estate News.

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U.S. Market

Rocket
Housing Wire

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

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ 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 […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ 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
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ 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 […]

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