Source: National Mortgage Professional — ATTOM released its first-quarter 2022 U.S. Home Flipping Report showing that home flips are up in the first quarter, while profits have sunk to a 13-year low. The report shows 114,706 single-family houses and...
Source: Deseret News —Â The biggest U.S. bank, JPMorgan Chase & Co., has started laying off employees as the U.S. housing market continues to cool amid rising mortgage rates. The decision will impact more than 1,000 employees, about half of which will be...
Source: Sun Gazette —Â Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. Demand for homes has pulled back in response, easing price growth, slowing sales and...
Source: Forbes UK — One fifth (20%) of UK homeowners say they are unsure how they will afford their next mortgage payment, according to a recent survey by our online mortgage broker partner, Trussle. The online survey gathered responses from 2,000 homeowners...
Source: Keeping Current Matters — If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you’re...
Source: CNBC — Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications were,...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
