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Letter to the editor: How do I tell the difference between a business and consumer mortgage?

Letter to the editor: How do I tell the difference between a business and consumer mortgage?

by Third Party | Jan 22, 2023 | Mortgage Information, Real Estate Agent Tools

Source: firsttuesday Journal —  Question: What is the difference between a business and consumer mortgage loan? Answer: A business mortgage — also known as a commercial loan — is a separate category of mortgage controlled by California rules and practices than a...
Mortgage rates drop to the lowest level since September: Freddie Mac

Mortgage rates drop to the lowest level since September: Freddie Mac

by Third Party | Jan 22, 2023 | Mortgage Information, News/Current Events

Source: Fox Business —  Mortgage rates dropped further last week to the lowest level since September, creating more opportunities for homebuyers, according to Freddie Mac. The average rate for a 30-year fixed-rate mortgage fell to 6.15% for the week ending Jan....
Correct House Pricing is Essential For Success

Correct House Pricing is Essential For Success

by Third Party | Jan 22, 2023 | Mortgage Information, Real Estate Agent Tools

Source: Maximum Real Estate Exposure —  How to Price a House For Sale Pricing a house in a way that will encourage a timely sale is quite challenging for home sellers and often for Realtors. House pricing isn’t rocket science, yet so many get it wrong. Numerous...
Some BIG Changes to Mortgage Costs Were Just Announced

Some BIG Changes to Mortgage Costs Were Just Announced

by Third Party | Jan 21, 2023 | Industry Updates, Mortgage Information

Source: Mortgage News Daily —  In a single moment, the fees for a vast majority of new mortgages in the US have changed.  In some cases, the changes are drastic, both for better and worse.  Let’s break it down. What do you mean by...
What You Need to Know About Foreclosure Rates

What You Need to Know About Foreclosure Rates

by Third Party | Jan 21, 2023 | Mortgage Information, Real Estate Agent Tools

Source: US News —  As a homeowner, homebuyer or aspiring real estate investor, you want to understand the housing market more. Median home prices, mortgage interest rates and average days on market are all valuable metrics to grasping current activity on the...
First-time homebuyers are pretty much screwed in 2023

First-time homebuyers are pretty much screwed in 2023

by Third Party | Jan 20, 2023 | Industry Updates, Mortgage Information

Source: Insider —  First-time homebuyers just can’t catch a break. The massive government stimulus issued during the early stages of the pandemic combined with rock-bottom mortgage rates led to one of the most dramatic home-buying frenzies in US history....
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