Source: Mortgage Orb — A decrease in mortgage rates resulted in mortgage application volume increasing 2.2% during the week ended November 18. According to the Mortgage Bankers Association’s Weekly Applications Survey, applications for refinances increased 2%...
Baseline Conforming Loan Limit Will Increase to $726,200 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In...
Source: The Ascent — You’ll often hear that it pays to pump extra money into your mortgage if you’re able to do so. That way, you can pay off your home early and benefit from interest-related savings. But these days, some mortgage borrowers may be...
Source: Bankrate — Amid higher mortgage rates and a cooling housing market, some home sellers are wooing buyers with a freshly popular incentive: paying for a temporary reduction to the buyer’s mortgage interest rate. Why are buydowns popular now? In one common...
Source:Axios — As central banks around the globe rapidly raise interest rates, policymakers outside the U.S. may find they pack more punch in terms of curbing demand. The reason boils down to the unique way Americans finance their homes. Why it matters:...
Source: Crossroads Today — Owning rental real estate can be a good idea, no matter what age you are. But owning real estate in retirement can be extra advantageous because it can help you diversify your retirement income while also padding your retirement...
Hits and Misses for the Real Estate Week of June 15-19
