Source: Realtor —Â Homebuyers received yet another shock this week as mortgage interest rates shot up suddenly. Rates blew well past 6% in a blow to buyers struggling with record-high and ever-increasing home prices. The increases were in anticipation of the...
Source: Housing Wire — The Federal Reserve (Fed) on Wednesday did something it hadn’t done in more than two decades: it raised the federal funds rate by 75 basis points, to 1.50-1.75%, a hike not seen since 1994. The decision, designed to slow the pace of...
Source: Redfin —Â Real estate investors bought 77,829 homes in the metros tracked by Redfin in the first quarter, down 11.5% from the fourth quarter of 2021 and 16.5% from the third quarter of 2021, when investor purchases hit a record high. On a year-over-year...
Source: MarketWatch —Â Pity those first-time house buyers. On Wednesday, the U.S. Federal Reserve raised the benchmark interest rate by 75 basis points to a 1.5% to 1.75% range, the biggest increase since 1994 as it tries to tame rising inflation, which has...
Source: Realtor — We recently touted TikTok as a great platform to learn valuable tips on buying a home. But don’t worry, sellers—we haven’t forgotten about you. In today’s market, it might seem like you don’t need any other tip for selling your home than to...
Source: CNBC —Â Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported Tuesday. The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8%...
UWM Says VantageScore 4.0 Improves Results for 1 in 4 Borrowers
