Source: Centre Daily Times — Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was shocked,” said Prophete, who refinanced her two-family...
Source: firsttuesday Journal — Following record lender profits in 2021, 2022 has mortgage lenders packing their bags and heading for the exits. The Mortgage Bankers Association (MBA) believes the U.S. will enter a recession in the first half of 2023. The MBA...
Source: Realtor.com — What a difference just a few months can make. As the year comes to a close, the red-hot housing market has been brought to its knees by soaring mortgage interest rates. It now appears to be in a standoff as just about everyone suddenly...
Source: CNBC — There are signs inflation may fall further in coming months, but housing threatens to mute any improvement. The consumer price index, a key barometer of inflation, rose 7.7% in October from a year ago. While still quite high by historical...
Source: Yahoo! Finance — It didn’t take long for white-collar professionals in 2020 to realize that expanded work-from-home policies meant they could buy real estate pretty much anywhere. Vacation markets went gangbusters. Exurbs got red-hot, as did...
Source: The Wall Street Journal — The pressure is finally coming off mortgage rates. Amid the market’s huge reaction last week to the better-than-feared inflation print, and what it could signal about the direction of the Federal Reserve’s monetary policy, a...
Will AI Sell Your Next Home?
