Mortgage rates fell this week as the October inflation report drove down the yield on the 10-year Treasury. On Thursday, investors priced in a 99.7% chance that the Fed will hold interest rates steady in […]
They’re not “Movin’ Out” after all. In a bold move amid the uncertain tides of the real estate market, two iconic New Yorkers, Billy Joel and Alec Baldwin, have opted to retain their lavish estates, […]
In September, all-cash purchases represented one-third of the U.S. home purchases, compared to 29.5% a year ago, according to a Redfin report. It’s the highest share of all-cash transactions recorded since 2014. Cleveland posted the […]
Mortgage rates this week saw the biggest one-week decline in a year and potential homebuyers waiting for rates to drop responded, said Josh Mettle, division president and co-creator of NEO Home Loans. “I think we […]
As 10-year Treasury yields tumbled, the average 30-year fixed mortgage fell 26 basis points in the week ending Nov. 9, the largest one-week decrease since last November. The 30-year, fixed mortgage averaged 7.5% as of […]
Mortgage rates were in decline this week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.5% as of Nov. 9, down from last week when […]
Originally Published by: WeWork is bankrupt: What became of co-founder Adam Neumann? Landlord torches home after tenants stop paying rent, become squatters Robin Williams’ San Francisco home selling for $25M Over 30% of homebuyers are paying […]
As mortgage rates hover around 8% for agency mortgages, lenders handling conventional mortgages are struggling to find business. But how are the non-QM lenders faring? According to Acra Lending CEO Keith Lind, the company is […]
Between rising mortgage rates and soaring loan production costs this year, many lenders and brokerage leaders are reducing headcount to preserve their bottom line. As a result, many mortgage and real estate professionals may find […]
Stubbornly elevated mortgage rates created more affordability pressures for homebuyers in October, according to ICE Mortgage Technology’s November Mortgage Monitor report. In October, the monthly payment needed to purchase a median-priced home exceeded the $2,500 […]
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