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Mortgage rate buydowns: How Horry Co. builders are keeping prices up & buyers coming

Mortgage rate buydowns: How Horry Co. builders are keeping prices up & buyers coming

by Third Party | Feb 6, 2023 | Mortgage Information, Real Estate News

Source: ABC 15 News —  HORRY COUNTY, S.C. (WPDE) — Not even the cold weather can cool down the housing market in Horry County, as home builders are finding creative ways to keep prices stable while also giving buyers more power. Mortgage rate buydowns are the...
Housing Market Update: $2,500 Monthly Budget Buys A $400,000 Home For First Time Since September As Rates Dip Below 6%

Housing Market Update: $2,500 Monthly Budget Buys A $400,000 Home For First Time Since September As Rates Dip Below 6%

by Third Party | Feb 5, 2023 | Mortgage Information, News/Current Events

Source: Redfin —  Home sellers are starting to come off the sidelines to meet buyer demand as mortgage rates steadily decline, with new listings and pending sales both posting their smallest drops in four months.  A homebuyer on a $2,500 monthly budget can...
‘Our mortgage got so high we put off having a baby’

‘Our mortgage got so high we put off having a baby’

by Third Party | Feb 5, 2023 | International Real Estate News, Mortgage Information

Source: BBC News —  Alex Czok and her husband Tom Beech had hoped to start a family this year but when their mortgage went up by hundreds of pounds they put their plans on hold. They are one of the four million UK households facing higher mortgage bills this...
What Fed Rate Increases Mean for Mortgages, Credit Cards and More

What Fed Rate Increases Mean for Mortgages, Credit Cards and More

by Third Party | Feb 4, 2023 | Industry Updates, Mortgage Information

Source: The New York Times —  As the Federal Reserve has lifted its key interest rate several times over the past year, Americans have seen the effects on both sides of the household ledger: Savers benefit from higher yields, but borrowers pay more. Here’s how...
Home Equity Flattens Out Across U.S. In Fourth Quarter Of 2022

Home Equity Flattens Out Across U.S. In Fourth Quarter Of 2022

by Third Party | Feb 3, 2023 | Industry Updates, Mortgage Information

Source: ATTOM —  IRVINE, Calif. — Feb. 2, 2023 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its fourth-quarter 2022 U.S. Home Equity & Underwater Report, which shows that 48 percent of mortgaged...
LoanDepot Director Pamela Hughes Patenaude Named Board Chair of Home Builders Institute

LoanDepot Director Pamela Hughes Patenaude Named Board Chair of Home Builders Institute

by Staff Writer | Feb 3, 2023 | Industry Updates, Mortgage Information

Feb. 3, 2023 (Staff Writer) — loanDepot, Inc. (NYSE: LDI) (“loanDepot” or the “Company”), one of the nation’s largest non-bank retail mortgage lenders, today issued the following statement from CEO Frank Martell on the news...
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