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Mortgage rates fall for first time in weeks, Freddie Mac data shows

Mortgage rates fall for first time in weeks, Freddie Mac data shows

by Third Party | Nov 9, 2021 | Industry Updates, Mortgage Information

Source: Fox Business —  Mortgage interest rates fell for the first time in weeks in early November, hitting 3.09% annual percentage rate (APR), according to the latest Primary Mortgage Market Survey from Freddie Mac. But despite this drop, experts said...
The $300m flip flop: how real-estate site Zillow’s side hustle went badly wrong

The $300m flip flop: how real-estate site Zillow’s side hustle went badly wrong

by Third Party | Nov 8, 2021 | Industry Updates, Real Estate News

Source: The Guardian —  Online shopping can be dangerous, as the US property website Zillow has belatedly come to realize. While many of us wasted countless hours during the pandemic clicking through real estate listings on Zillow and daydreaming about the sort...
Another Chinese real estate developer is in serious trouble

Another Chinese real estate developer is in serious trouble

by Third Party | Nov 8, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: CNN —  Another Chinese real estate company appears to be at risk of default, escalating fears of further problems in the country’s embattled property sector. Shares of Kaisa Group, a Shenzhen-based developer, were suspended from trading on Friday...
Climate change and real estate: The new calculus for homebuyers

Climate change and real estate: The new calculus for homebuyers

by Third Party | Nov 7, 2021 | Industry Updates, News/Current Events

Source: CNET —  There’s a new wild card in the housing market that’s giving some prospective buyers pause: the costs of climate change.  When Aditi Shekar flew from New York City to San Francisco four years ago to launch Zeta, a financial tech...
YEAR-END OUTLOOK: CLIMBING MORTGAGE RATES STRAIN BUYING POWER IN 2022

YEAR-END OUTLOOK: CLIMBING MORTGAGE RATES STRAIN BUYING POWER IN 2022

by Third Party | Nov 7, 2021 | Industry Updates, Mortgage Information

Source: Ris Media—  Homeowners will likely look at the past year of mortgage rate performance with fondness or even regret as the days of historic lows fade. Based on recent Freddie Mac reports, 30-year fixed-rate mortgages (FRM) at 3.14%, are breaking from...
City housing report shows rising mortgage, rental costs

City housing report shows rising mortgage, rental costs

by Third Party | Nov 7, 2021 | Industry Updates, Mortgage Information

Source: IDS News —  The Bloomington City Council discussed some of the current challenges of increasing home-owner and renter costs facing Bloomington residents regarding renting and home ownership Wednesday. In a comprehensive housing report from the City of...
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