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Letter to the editor: How do I tell the difference between a business and consumer mortgage?

Letter to the editor: How do I tell the difference between a business and consumer mortgage?

by Third Party | Jan 22, 2023 | Mortgage Information, Real Estate Agent Tools

Source: firsttuesday Journal —  Question: What is the difference between a business and consumer mortgage loan? Answer: A business mortgage — also known as a commercial loan — is a separate category of mortgage controlled by California rules and practices than a...
Mortgage rates drop to the lowest level since September: Freddie Mac

Mortgage rates drop to the lowest level since September: Freddie Mac

by Third Party | Jan 22, 2023 | Mortgage Information, News/Current Events

Source: Fox Business —  Mortgage rates dropped further last week to the lowest level since September, creating more opportunities for homebuyers, according to Freddie Mac. The average rate for a 30-year fixed-rate mortgage fell to 6.15% for the week ending Jan....
Correct House Pricing is Essential For Success

Correct House Pricing is Essential For Success

by Third Party | Jan 22, 2023 | Mortgage Information, Real Estate Agent Tools

Source: Maximum Real Estate Exposure —  How to Price a House For Sale Pricing a house in a way that will encourage a timely sale is quite challenging for home sellers and often for Realtors. House pricing isn’t rocket science, yet so many get it wrong. Numerous...
Global property market faces $175 billion debt spiral

Global property market faces $175 billion debt spiral

by Third Party | Jan 22, 2023 | Industry Updates, International Real Estate News

Source: Crain’s Chicago Business —  (Bloomberg)—The slump in the world’s biggest asset class has spread from the housing market to commercial real estate, threatening to unleash waves of credit turmoil across the economy. Almost $175 billion of real estate...
Here’s What Proposed FTC Ban on Noncompete Clauses Could Mean for Real Estate Brokers

Here’s What Proposed FTC Ban on Noncompete Clauses Could Mean for Real Estate Brokers

by Third Party | Jan 22, 2023 | Industry Updates, Real Estate Agent Tools

Source: CoStar —  For most U.S. real estate brokers, job hopping is part of a successful career where executives can negotiate bigger paychecks — and a more important-sounding title — at a new company once they have proven themselves to the industry. But...
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