Source: ABCNews — The spike in mortgage rates this week continues a monthslong trend that has dramatically escalated the cost of home loans – but the exact price hike may surprise some homebuyers. The 30-year fixed-rate mortgage leapt to 7.08% on...
Source: 24/7 Wall St. —Â There is a real concern that the extremely hot housing market has started to collapse, especially in markets where prices have surged at record paces. One of the threats is due to mortgage rates that have risen from 3% a year ago to 7%...
Source: Market Watch — The midterm U.S. elections are coming. And elections have consequences for the housing market, according to a new report from investment bank Cowen. The report by Cowen’s Jaret Seiberg noted that the Nov. 8 elections will determine which...
Source: The Motley Fool — You’ll often hear that being a homeowner can lead to more financial stability. When you own a home and pay down your mortgage, you get closer to owning an asset whose value can grow over time. Plus, when you rent a home,...
Source: Quartz— The meteoric rise of mortgage rates has zipped past another milestone this year. For the first time since April 2002, the 30-year fixed-rate mortgage (FRM) topped 7% this week, according to data from Federal Home Loan Mortgage Corporation...
Source: The Real Deal — A challenging housing market halved Anywhere’s third-quarter profits compared to last year, and company executives said on an earnings call they think the market will get slower yet. That could mean more layoffs and lower commission...
Trump Taps Matt Jones to Lead FHA as Mortgage Policy Enters a High-Stakes T…
