Source: M Live — Coming out of the pandemic shutdown lit the match for housing demand, and it’s been burning hot for nearly two years straight — but a housing correction is finally on the horizon. Two-thirds of the nation’s largest housing markets are...
Source: Maine Public — ARI SHAPIRO, HOST: With mortgage rates up sharply, a lot more homebuyers are turning to adjustable-rate loans. These can be more affordable – at least at first – but they come with a big risk – that your mortgage payment...
Source: Forbes — The rate on a 30-year fixed refinance decreased today. The average rate on a 30-year fixed mortgage refinance is 6.04%, according to Bankrate.com, while the average rate on a 15-year mortgage refinance is 5.22%. On a 20-year mortgage refinance,...
Source: Nerd Wallet — September mortgage rates forecast Interest rates on fixed-rate mortgages are likely to remain fairly stable in the first three weeks of September. The forecast gets murkier at the end of the month. That’s because the Federal Reserve...
Source: News AZI — Macquarie analyst Victor German last week said deposit pricing was giving banks a “sugar hit,” at the same time as loan growth in their mortgage businesses slowed. “In the short term, banks continue to benefit from highly lucrative retail...
Source: CBS News — If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief. With products like cash-out refinances, home equity loans or HELOCs, you can turn that equity into cash and use it for any...
Hits and Misses for the Real Estate Week of April 6-10
