Source: Bankrate — Inflation jumped to an annual rate of 8.6 percent in May, the U.S. Labor Department said Friday. That’s one of the loftiest levels since the stagflation days of the early 1980s — and the hot reading means mortgage rates are likely to keep...
Source: Market Watch — The U.S. housing sector is in the midst of the biggest slowdown in over a decade, one economist says. But don’t expect prices to fall back down to earth just yet. “The U.S. housing market is at the beginning stages of the most significant...
Source: Market Watch — Mortgage prepayment activity fell 19.1% just from March to April and 61.8% from a year ago, according to research from mortgage data and analytics company Black Knight. Why is prepayment activity down so drastically? It’s driven in large...
Source: CNET — If you make a down payment of less than 20% on your home, you’ll probably have to purchase private mortgage insurance. When you make a smaller down payment, lenders tend to consider you a higher-risk candidate for a mortgage, and the PMI...
Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or [email protected] Yesterday was maddening! I spent a lot of time on the phone with a client and his mom. Another first-time homebuyer with too much help...
Source: Keeping Current Matters — If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that...
