Source: Bankrate — In the mortgage application process, mortgage lenders assess their risk and collect proof that the borrower can and will repay the loan in a timely manner. This proof includes everything from your credit and how much money you earn to your...
Source: Fox Business — What this means: Mortgage refinance rates fell significantly today, with 30-year rates hitting their lowest levels in 34 days. Rates for 20-, 15- and 10-year refinances are also at their lowest levels since the beginning of the month....
Source: Mortgage News Daily — Some quick housekeeping before we dig into the headline: mortgage rates are slightly higher so far this week. The increases were in place on Monday. Tuesday started stronger, but most lenders pulled back to Monday’s levels...
Source: RisMedia — Are you interested in building your own home? It is an exciting proposition because you get to pick and choose everything that goes into the process from the ground up. You don’t have to worry that a builder is going to tell you that you’re...
Source: CNBC — Home prices in May were 19.7% higher compared with the same month last year, according to the S&P CoreLogic Case-Shiller National Home Price Index. This marks the second month of slower increases, as the housing market cools due to higher...
Source: Fortune — Talk about a 180. Not only has the Pandemic Housing Boom—which pushed U.S. home prices up 42% over the past two years—fizzled out, but we’ve seen it replaced by a “housing recession.” Across the nation, home sales are...
Hits and Misses for the Real Estate Week of May 11-15
