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Goldman Sachs says 4 US cities will suffer a 2008 crash in home values

Goldman Sachs says 4 US cities will suffer a 2008 crash in home values

by Third Party | Jan 25, 2023 | Industry Updates, Mortgage Information, U.S. Housing Market

Source: Fox Business —  Goldman Sachs expects home values to worsen through 2023 amid continued skyrocketing interest rates and declining housing prices. The firm wrote to clients earlier this month that it predicts four U.S. cities will suffer the most...
With mortgage rates dropping and fee changes in the pipeline, now may be the time to buy that home

With mortgage rates dropping and fee changes in the pipeline, now may be the time to buy that home

by Third Party | Jan 25, 2023 | Mortgage Information, News/Current Events

Source: CNBC —  The average rate for a 30-year mortgage dropped to 6.15% last week — the lowest in 18 weeks. This dip in rates provides welcomed relief for many potential homebuyers who’ve put their dreams on pause thanks to high mortgage interest rates, which...
Mortgage rate buydowns are on the rise as homebuyers cope with high interest rates

Mortgage rate buydowns are on the rise as homebuyers cope with high interest rates

by Third Party | Jan 24, 2023 | Mortgage Information, Real Estate Agent Tools, Real Estate News

Source: USA Today —  Anna Raymond was ready to make the switch from renting to owning a home last spring. But after five failed offers, she and her husband decided to take a step back from house hunting.   Then, in December, their real estate agent presented an...
Survey finds Americans wildly misinformed on housing market

Survey finds Americans wildly misinformed on housing market

by Third Party | Jan 24, 2023 | Mortgage Information, News/Current Events, U.S. Housing Market

Source:The Hill —  A new survey finds Americans are woefully misinformed about the nation’s mercurial housing market, even as millions of them prepare to buy homes. Twenty-eight million Americans plan to purchase a home in 2023, according to a survey released...
The 10 largest mortgage lenders in the U.S.

The 10 largest mortgage lenders in the U.S.

by Third Party | Jan 24, 2023 | Mortgage Information, Real Estate Agent Tools

Source: Bankrate —  Mortgage rates have been volatile in recent months, but the roster of the biggest and most active mortgage lenders has stayed stable in the past year. Rocket Mortgage and United Shore Financial remained first and second by volume of loans...
Mortgage Rates Drop to Lowest Point in 4 Months

Mortgage Rates Drop to Lowest Point in 4 Months

by Third Party | Jan 23, 2023 | Mortgage Information, News/Current Events, Real Estate Agent Tools

Source: U.S. News —  The average 30-year fixed mortgage rate fell to 6.46% this week, the lowest it’s been since September 2022. Mortgage rates declined across the board this week, with the average fixed rate on a 30-year mortgage falling to 6.46%. This is...
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