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Mortgage rates just took the biggest plunge since 1981 — but analysts say the market is ‘not out of the woods yet’

Mortgage rates just took the biggest plunge since 1981 — but analysts say the market is ‘not out of the woods yet’

by Third Party | Nov 22, 2022 | Industry Updates, Mortgage Information

Source: Yahoo! Finance —  Mortgage rates tumbled by their biggest weekly drop in four decades after new data suggested inflation could be starting to cool. Consumer prices rose by 7.7% in October — a slower pace than economists predicted — and the average rate...
The Best Day to Browse Discounted Real Estate Listings

The Best Day to Browse Discounted Real Estate Listings

by Third Party | Nov 22, 2022 | Real Estate Agent Tools, Real Estate News

Source: Life Hacker —  Though some are quick to assume that if a home has been on the market for more than a week or two, something has to be wrong with it—especially if its listing price drops—that’s not necessarily the case.   Sellers may opt to reduce the...
Institutions Increase Target Allocations To Real Estate

Institutions Increase Target Allocations To Real Estate

by Third Party | Nov 22, 2022 | News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Business Plus —  Institutions continue to increase target allocations to real estate, with the expectation that attractive buying opportunities will emerge over the next several years. That’s according to the 10th annual Institutional Real Estate...
One-Third of Recent Homebuyers Still Don’t ‘Shop Around’ for Mortgages

One-Third of Recent Homebuyers Still Don’t ‘Shop Around’ for Mortgages

by Third Party | Nov 21, 2022 | Industry Updates, Mortgage Information, Real Estate Agent Tools

Source: Fannie Mae —  For potential homebuyers, obtaining multiple mortgage quotes may not be as exciting as searching for the physical home itself, but research has shown that “shopping around” with different lenders for the best possible mortgage...
Fed’s Mester wants more progress on inflation before ending interest rate hikes

Fed’s Mester wants more progress on inflation before ending interest rate hikes

by Third Party | Nov 21, 2022 | News/Current Events, Real Estate News

Source: CNBC —  Cleveland Federal Reserve President Loretta Mester said Monday inflation will need to show more signs of progress before she’s ready to stop advocating for interest rate increases. While acknowledging that recent data has been encouraging, the...
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