Source: Fox Business — From one coast to another, the collapse of California-based Silicon Valley Bank (SVB) has now sent tidal waves to Florida’s real estate market, one broker claimed on “Varney & Co.” Thursday. “It’s definitely...
Source: MPA Mag — You think the economy is bad now for the mortgage industry? Try coming up like Michael Borodinsky (pictured) did back in the 80s. “I graduated from the University of Delaware in 1983,” he told Mortgage Professional America during a telephone...
Source: Bankrate — The cost of living is the total amount of money required to live in a certain area and cover your basic necessities. Expenses typically factored into cost of living calculations include housing, food and taxes. It may also include such...
Source: Realtor.com — Although the Federal Reserve hiked interest rates on Wednesday, mortgage rates veered in the opposite direction and tumbled. For the week ending March 23, the nationwide average for the popular 30-year fixed-rate mortgage was 6.42%,...
Source: Redfin — Homebuying demand persisted as mortgage rates declined for the second week in a row after the Fed announced it will only modestly hike interest rates. But limited supply is another barrier for buyers, who are competing for the few homes on the...
Homeownership Affordability Near 4-Year High, But Can it Last?
