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Reverse Mortgage: Could Your Surviving Spouse Lose the House?

Reverse Mortgage: Could Your Surviving Spouse Lose the House?

by Third Party | Apr 18, 2022 | Mortgage Information

Source: Investopedia —  If your spouse took out a reverse mortgage and you aren’t on the loan—or if you know someone in this situation—you need to understand what rights you have and what rights you lack. Reverse mortgage laws for non-borrowing spouses can be...
Housing Market: Rising mortgage rates won’t lower home prices, as housing crisis looms

Housing Market: Rising mortgage rates won’t lower home prices, as housing crisis looms

by Third Party | Apr 17, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Finger Lakes 1 —  Higher mortgage rates and a red hot housing market have brought challenges to residents in parts of the United States, but have done little to cool the market. For the first time since 2011 mortgage rates in the U.S. hit 5%. According...
Here’s how much the same mortgage costs now, compared to last year

Here’s how much the same mortgage costs now, compared to last year

by Third Party | Apr 17, 2022 | Mortgage Information, News/Current Events

Source: CNBC —  Fewer people are shopping for homes, a sign that homebuyers are getting priced out of the market due to surging mortgage rates, which spiked to an average of 5% this week for 30-year fixed-rate mortgages. The fixed-rate mortgage rate jumped 0.28%...
Housing Market Update: Demand Slips, Pushing More Sellers to Drop Asking Prices

Housing Market Update: Demand Slips, Pushing More Sellers to Drop Asking Prices

by Third Party | Apr 15, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Redfin —  Early-stage homebuying demand continues to falter this spring as new listings fell 7% from a year earlier, the average 30-year fixed mortgage rate shot up to 5% and the median asking price climbed to $397,747, sending the typical homebuyer’s...
7 Mortgage Hopes and Dreams That Are Completely Delusional Today

7 Mortgage Hopes and Dreams That Are Completely Delusional Today

by Third Party | Apr 14, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Realtor —  Right now, mortgages are having a moment. With interest rates low yet rising fast, home loans are the hot topic du jour, and one that I, as a real estate agent, help homebuyers navigate daily. Still, just as both buyers and sellers experience...
Commercial Real Estate Prices Still Have Room to Run, According to First American Potential Capitalization Rate Model

Commercial Real Estate Prices Still Have Room to Run, According to First American Potential Capitalization Rate Model

by Third Party | Apr 14, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Finance Yahoo —  ​SANTA ANA, Calif., April 14, 2022–(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), the premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital...
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