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Mortgage rates are soaring. Is it still OK to refinance your home?

Mortgage rates are soaring. Is it still OK to refinance your home?

by Third Party | Nov 7, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Yahoo! News —  Mortgage rates, over 7% or so, are at their highest levels in 20 years and loan applications are down. So, it should follow, that homeowners looking to refinance loans would also be headed to the sidelines in droves. But according to...
STUDY: HOME PRICE DECLINES HITTING WESTERN U.S. MARKETS

STUDY: HOME PRICE DECLINES HITTING WESTERN U.S. MARKETS

by Third Party | Nov 6, 2022 | Industry Updates, Mortgage Information

Source: Florida Atlantic University —  Average home prices are falling in 39 of the 100 largest U.S. housing markets and prices in an additional 18 metropolitan areas are expected to decline soon, according to researchers at Florida Atlantic University and...
As mortgage rates hit 20 year high, Tampa Bay housing market braces for a cool down

As mortgage rates hit 20 year high, Tampa Bay housing market braces for a cool down

by Third Party | Nov 5, 2022 | Industry Updates, News/Current Events, U.S. Housing Market

Source: Tampa Bay Times —  A home-buying frenzy triggered by historically low mortgage rates helped elevate Tampa Bay from a hidden gem to a real estate hot spot over the past two years. But now that rates have shot back up, experts say buyers are finally...
U.S. Home Price Insights – November 2022

U.S. Home Price Insights – November 2022

by Third Party | Nov 5, 2022 | Industry Updates, Mortgage Information, U.S. Housing Market

Source: CoreLogic —  Through September 2022 with Forecasts through September 2023 Introduction The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through September 2022 with forecasts through...
The Housing Market Is Worse Than You Think

The Housing Market Is Worse Than You Think

by Third Party | Nov 4, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: The New York Times —  Buyers, sellers and renters are in for more twists and turns, as soaring mortgage rates and stubborn inflation signal belt tightening ahead. Everyone is feeling the squeeze. “Mortgage rates are sky high, prices are sky high, and...
As House Prices Start To Moderate, How Bad Could It Get?

As House Prices Start To Moderate, How Bad Could It Get?

by Third Party | Nov 4, 2022 | Industry Updates, Mortgage Information, U.S. Housing Market

Source: Forbes —  There is no shortage of pessimism in the housing market today. U.S. house prices have declined since June. However, prices are generally up year-on-year, and the market is seasonal with prices and activity typically higher in the summer and...
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