Source: NAHB — As the Federal Reserve continues to fight inflation, mortgage rates increased rapidly in 2022, starting the year at 3% and rising above 7% before dropping back to roughly 6.5% at the end of the year. How do rapidly rising mortgage rates affect...
Source: Fortune — For most prospective home buyers, obtaining a mortgage is an essential part of the home buying process. And getting quotes from multiple lenders in order to ensure you secure the most competitive and affordable mortgage possible is nearly as...
Source: Forbes — It’s time for mortgage lenders to stop comparing 2022 volume and 2023 projections to the refinance-fueled record fundings of 2020 and 2021. The pandemic refi boom is long over, and while home buyers who need mortgages are still absorbing this...
Source: Bankrate — If you dream of owning your own home but aren’t quite ready for a mortgage, Divvy could be an ideal option. The company’s rent-to-own business model aims to make homeownership more accessible to individuals with past financial challenges or...
Source: CNN Business — New York(CNN)Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. The scandal-ridden bank announced a significant shift on Tuesday to focus its mortgage business on serving bank customers and...
Source: Value Walk — Are you considering buying a home but unsure what mortgage rate to go with? Is 3.75% a good mortgage rate? It depends on several factors, including location and the market you are buying. 3.75% is considered a good mortgage rate. This...
Hits and Misses for the Real Estate Week of June 15-19
