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Rising mortgage rates are hitting Americans’ wallets. Here’s how to adjust your housing budget

Rising mortgage rates are hitting Americans’ wallets. Here’s how to adjust your housing budget

by Third Party | Jul 9, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: CNBC —  Homebuyers are feeling the squeeze of rising mortgage rates. On top of that, housing prices remain high. That may lead many to rethink their budget. “As mortgage rates go up, it raises the cost of buying a home with a mortgage,” explained...
Mortgage applications slip for second consecutive week

Mortgage applications slip for second consecutive week

by Third Party | Jul 9, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Fox Business —  Mortgage applications have fallen for a second consecutive week as homebuyers’ fears of a potential recession continue to grow.  For the week ending July 1, the Mortgage Bankers Association reported a 5.4% decrease in mortgage...
What Does an Economic Slowdown Mean for the Housing Market?

What Does an Economic Slowdown Mean for the Housing Market?

by Third Party | Jul 9, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Keeping Current Matters —  According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation....
Rising mortgage rates are hitting Americans’ wallets. Here’s how to adjust your housing budget

Rising mortgage rates are hitting Americans’ wallets. Here’s how to adjust your housing budget

by Third Party | Jul 8, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: CNBC —  Homebuyers are feeling the squeeze of rising mortgage rates. On top of that, housing prices remain high. That may lead many to rethink their budget. “As mortgage rates go up, it raises the cost of buying a home with a mortgage,” explained...
How to get a USDA loan

How to get a USDA loan

by Third Party | Jul 8, 2022 | Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Bankrate —  Backed by the U.S. Department of Agriculture, USDA home loans are available to borrowers in certain rural areas. If you’re in an eligible area, you could qualify for this special no-down payment mortgage, provided your income falls within the...
Mortgage Rates Jump Higher. Is The Recovery Over?

Mortgage Rates Jump Higher. Is The Recovery Over?

by Third Party | Jul 8, 2022 | Industry Updates, Mortgage Information

Source: Mortgage News Daily —  Mortgage rates have been moving lower for the past 3 weeks after hitting the highest levels since 2008 in the middle of June.  This was a larger-scale repeat of a similar pattern that played out in the month of May.  Taken...
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