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Mortgage giant Fannie Mae tackles climate risk, but changes to underwriting may take several years

Mortgage giant Fannie Mae tackles climate risk, but changes to underwriting may take several years

by Third Party | Mar 22, 2023 | Mortgage Information, Real Estate News

Source: CNBC —  Global warming has already caused irreversible damage to the earth’s ecosystems and communities, according to a critical report just issued from the United Nations Intergovernmental Panel on Climate Change. The damage is extending to the U.S....
As Housing Market Cools, Homebuyers are Putting Less Money Down on a Home

As Housing Market Cools, Homebuyers are Putting Less Money Down on a Home

by Rick Grant | Mar 22, 2023 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to a new report from Redfin, the technology-based real estate brokerage. The median down payment was down 35% from the peak it...
‘I thought things would start to cool down’: High rates, prices challenge homebuyers

‘I thought things would start to cool down’: High rates, prices challenge homebuyers

by Third Party | Mar 22, 2023 | Mortgage Information, Real Estate News

Source: 13 WMAZ —  LOS ANGELES — Homeownership is likely to remain a pipe dream for many Americans this spring homebuying season. The nation’s worst housing slump in nearly a decade stoked hope among prospective buyers that homes could be scooped up more easily....
Wild Swings in Interest Rates are Making Sellers Hesitate to List Their Homes

Wild Swings in Interest Rates are Making Sellers Hesitate to List Their Homes

by Rick Grant | Mar 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

According to Zillow’s latest market report, mortgage rates — both their high levels and wild swings are making life difficult for buyers and sellers. Relatively high rates have reduced new listings to record lows, leaving buyers with limited options. Any dips in...
US housing market gains momentum as loan applications jump amid first drop in mortgage rates in 5 weeks

US housing market gains momentum as loan applications jump amid first drop in mortgage rates in 5 weeks

by Third Party | Mar 18, 2023 | Mortgage Information, News/Current Events

Source: Yahoo! Finance —  The housing market is gaining steam as rates drop and mortgage applications surge. The 30-year mortgage rate fell for the first time in five weeks, and applications jumped 7% last week. But volatility in the market could still hinder...
Are you purchasing a home for the first time? Here are 5 mortgage lenders to consider

Are you purchasing a home for the first time? Here are 5 mortgage lenders to consider

by Third Party | Mar 17, 2023 | Mortgage Information, Real Estate Agent Tools

Source: CNBC —  The home-buying process can seem daunting for first-time homebuyers. The good news is there are some mortgage lenders that offer home loan products designed to provide more ease with the process, which can be very appealing to many first-time...
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