Special purpose credit program offers up to $7,500 in lender credits for first-time buyers in underserved communities to eliminate a significant hurdle to homeownership “Homeownership has a significant impact on strong communities and the creation […]
The post Homebuilders may finally be turning a corner as inflation stabilizes and lower mortgage rates bring buyers back into the market appeared first on Weekly Real Estate News.
Homebuilder confidence and demand for mortgages have increased recently, keeping hopes high for an improved housing market in 2023. But a modest recession is still expected this year, and elevated mortgage rates, coupled with high […]
The post Why higher mortgage rates mark a return to normality appeared first on Weekly Real Estate News.
In a single moment, the fees for a vast majority of new mortgages in the US have changed. In some cases, the changes are drastic, both for better and worse. Let’s break it down. What […]
When industry veteran Michael Strauss abruptly shut down Long Island-based Sprout Mortgage in early July, there was uproar. Shocked employees didn’t receive their last paychecks. There were no severance packages, and even health insurance was […]
Declining mortgage rates spurred the demand for home loans at the beginning of 2023, spreading optimism across the industry. But that’s not the only reason for the uptick. After months of a slowing housing market, […]
The Census Bureau‘s housing starts report for December shows that housing completions are still too slow, and we are running out of time this year as housing permits are set to fall until the homebuilders […]
Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. The mortgage lender hopes to boost volume in the channel. Voyles will be responsible for growing […]
The post Today’s best mortgage deal? Look to 15-year rates for greater interest savings | Jan. 17, 2023 appeared first on Weekly Real Estate News.
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