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It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan

It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan

by Third Party | Oct 16, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: CNBC —  It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage...
Hedge Fund Investor Who Called Housing Crash Eyes Venezuela Debt

Hedge Fund Investor Who Called Housing Crash Eyes Venezuela Debt

by Third Party | Oct 15, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Yahoo Finance —  A hedge fund manager who correctly timed the crash of the US housing market and a crypto currency rally eight years ago thinks he’s found his next overlooked investment: Venezuelan debt. Bonds the country defaulted on nearly five years...
US Housing Market Cooling Off from West to East

US Housing Market Cooling Off from West to East

by Third Party | Oct 14, 2022 | Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market

Source: Fitch Ratings —  Fitch Ratings-New York-10 October 2022: Fitch Ratings estimates that U.S. home prices were overvalued by 12.2% for 2Q22 on a population-weighted average basis, according to a new Fitch Ratings report. Fitch expects that the overvaluation...
What Is Metaverse Real Estate?

What Is Metaverse Real Estate?

by Third Party | Oct 14, 2022 | Industry Updates, Mortgage Information, Real Estate Agent Tools

Source: Binance Academy —  Introduction The concept of the metaverse and digital real estate go hand in hand. But like many crypto trends, media coverage hasn’t provided sufficient clarity. Just as it is with any other investment, it’s crucial to grasp the...
‘Kicking myself I didn’t move faster’: fear and panic grips housing market

‘Kicking myself I didn’t move faster’: fear and panic grips housing market

by Third Party | Oct 12, 2022 | Mortgage Information, U.S. Housing Market

Source: The Guardian —  The phone has all but stopped ringing at Mullucks estate agent in Bishop’s Stortford – except for calls from buyers with bad news about collapsing chains. Since the chancellor Kwasi Kwarteng’s mini-budget two weeks ago, a chill has spread...
Zero-Down USDA Mortgages Aren’t Just for Farmers

Zero-Down USDA Mortgages Aren’t Just for Farmers

by Third Party | Oct 12, 2022 | Mortgage Information, Real Estate Agent Tools, U.S. Housing Market

Source: Yahoo Finance —  If you thought USDA loans were just for rural farmers, you wouldn’t be the first person to make that mistake. After all, the program is available through the United States Department of Agriculture, and the Rural Development (RD)...
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