Source: Yahoo Finance — The year 2022 brought a thriving residential home investment market to its knees. But you’d never have guessed that based on how the year started, with skyrocketing home values and bidding wars. When the Federal Reserve began raising...
Source: The Ascent — Many people who own homes carry a mortgage for many years. In fact, it’s common to spend 30 years (or more) paying off a home. A lot of people start out with a 30-year mortgage and refinance it to another 30-year loan at some point...
Source: Fox Business — Last week, mortgage rates dropped for the sixth consecutive week as the market continues to react to positive economic indicators, according to Freddie Mac. The average rate for a 30-year fixed-rate mortgage fell to 6.27% for the week...
Source: The Ascent — Finding a mortgage lender can be a really confusing process. There are lots of different kinds of home loans out there, and many different types of lenders including banks, credit unions, and online lenders. There are also myriad criteria...
Source: NPR — Evan Paul and his wife entered 2022 thinking it would be the year they would finally buy a home. The couple — both scientists in the biotech industry — were ready to put roots down in Boston. “We just kind of got to that place in our lives...
Source: The Motley Fool — Mortgage companies are highly unpopular, but is sentiment too negative in the case of this stock? The past year was extraordinarily difficult for companies in the mortgage space. The Fed aggressively hiked interest rates to help get...
Hits and Misses for the Real Estate Week of June 15-19
