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Today’s Mortgage Rates & Trends – August 8, 2022: Rates seesaw

Today’s Mortgage Rates & Trends – August 8, 2022: Rates seesaw

by Third Party | Aug 9, 2022 | Industry Updates, Mortgage Information, U.S. Housing Market

Source: Investopedia —  Rates on 30-year mortgages rose by almost four-tenths of a point Friday, extending a three-day pattern of dramatic up and down swings ranging from a third to a half a percentage point each day.   National Averages of Lenders’ Best...
Can you refinance a seller-financed mortgage?

Can you refinance a seller-financed mortgage?

by Third Party | Aug 8, 2022 | Mortgage Information, Real Estate Agent Tools, Real Estate News

Source: The Mortgage Reports —  Some home buyers get their mortgage loans from the home’s seller — not from a mortgage lender. This kind of financing, known as “owner financing” or “seller financing,” can help buyers who don’t meet standard mortgage guidelines...
OPINION: Help available for Cherokee homeowners facing hardship due to pandemic

OPINION: Help available for Cherokee homeowners facing hardship due to pandemic

by Third Party | Aug 8, 2022 | News/Current Events, Real Estate News

Source: Cherokee Phoenix —  All families deserve to live in safety and dignity, without fear of losing their homes. During the economic uncertainty caused by the COVID-19 pandemic, some Cherokee homeowners fell behind on their mortgages or slipped into financial...
As Mortgage Rates Stay Up, Lenders and Brokers Need to Get ‘Creative’

As Mortgage Rates Stay Up, Lenders and Brokers Need to Get ‘Creative’

by Third Party | Aug 8, 2022 | Mortgage Information, Real Estate Agent Tools, U.S. Housing Market

Source: Market Scale —  Freddie Mac’s weekly averages since July 14 have been volatile, with spikes and dips in 30-year fixed, 15-year fixed and 15-year adjustable mortgage rates. But even with some short term relief after August 4’s numbers brought rates below...
Thinking of Buying? These Cities Are Among the Fastest-Cooling Housing Markets in the Country

Thinking of Buying? These Cities Are Among the Fastest-Cooling Housing Markets in the Country

by Third Party | Aug 8, 2022 | Mortgage Information, Real Estate Agent Tools, Real Estate News

Source: The Motley Fool —  As potential home buyers think twice about whether now is the right time to buy, sellers in some areas are dropping their prices. The red-hot housing market ushered in by the pandemic is now cooling. And according to Redfin, the areas...
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