Source: Nasdaq — For much of 2021, it was more than possible to sign a 30-year mortgage at under or around 3%. But those days are long gone. Mortgage rates have risen at a rapid clip since the start of 2022. And at this point, borrowers are looking at somewhere...
Source: CBS News — Refinancing your mortgage essentially means replacing it. You get a new loan, ideally one with more favorable terms, use it to pay off the old one, and voila — you’ve refinanced. Homeowners often refinance to lower their interest rate,...
Source: Yahoo! — Mortgage rates are continuing their downward trend as investors keep a lookout for more signs of cooling inflation. “This week, labor cost data provided a ray of hope as it showed that hourly compensation was lower than previously reported in...
Source: Next Advisor — Buying a house for the first time can put a strain on your budget. Fortunately, first-time homebuyer programs can ease the pressure by offering some form of financial assistance. Considering how much home prices have increased in the past...
Source: MPA Mag — You have been running a successful business for a couple years, but you need to either update your current commercial real estate property or buy a new one. This is where a commercial mortgage comes in. These types of mortgages are like...
Source: CBS News — When you first bought your home, there’s a good chance you took out a long mortgage, like a 30-year fixed-rate loan. While that might have felt like almost a lifelong decision, the reality is that homeowners can often change their...
Hits and Misses for the Real Estate Week of June 15-19
