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Think Home Prices Are Going To Fall? Think Again

Think Home Prices Are Going To Fall? Think Again

by Third Party | Jul 23, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market

Source: Keeping Current Matters —  Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know...
When does refinancing into a 15-year mortgage make sense?

When does refinancing into a 15-year mortgage make sense?

by Third Party | Jul 22, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Bankrate —  Many homeowners choose to refinance from a 30-year fixed-rate mortgage to a fresh 30-year equivalent. While this can lower your monthly payment, it adds extra years to the total period of time you’ll be financing your home. That means you’ll...
Mortgage Rates Hit 2 Week Lows

Mortgage Rates Hit 2 Week Lows

by Third Party | Jul 22, 2022 | Industry Updates, Mortgage Information, News/Current Events, U.S. Housing Market

Source: Mortgage News Daily —  Thursday brought the much-anticipated policy announcement from the European Central Bank (ECB).  While our focus remains on mortgage rates in an entirely different continent, major goings on in European markets almost always have...
Can renters still become homeowners? This senator says it’s tough to see how they ‘will ever catch up’

Can renters still become homeowners? This senator says it’s tough to see how they ‘will ever catch up’

by Third Party | Jul 21, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Marketwatch —  Tenants are caught between too-high rents and too-high homeownership costs, depriving them of the American Dream. That was the bleak picture lawmakers and housing experts painted of America’s renters at a congressional hearing Thursday. ...
Housing market chills as mortgage rates, prices scare buyers

Housing market chills as mortgage rates, prices scare buyers

by Third Party | Jul 21, 2022 | Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market

Source: AP News —  NEW YORK (AP) — Kyle Tomcak was looking for a home for his in-laws in the suburbs around Denver, something priced close to $450,000. Tomcak became dispirited as he lost out to investors fronting cash offers $100,000 over the asking price. Then...
Homebuyer Competition Drops to Lowest Level in Over Two Years

Homebuyer Competition Drops to Lowest Level in Over Two Years

by Third Party | Jul 21, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market

Source: Redfin —  The bidding-war rate dipped below 50% for the first time since the start of the pandemic in June as rising mortgage rates and inflation took a bite out of homebuyer budgets. Nationwide, 49.9% of home offers written by Redfin agents faced...
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