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30-year fixed mortgage crosses 5%

30-year fixed mortgage crosses 5%

by Third Party | Apr 5, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: CNBC —  The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that threshold since 2011, save two days in 2018. It stood at 3.38% one year...
Hot housing market creates equally hot real estate jobs market

Hot housing market creates equally hot real estate jobs market

by Third Party | Apr 5, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Business Report —  Despite a sharp rise in mortgage rates, U.S. housing market activity continues to sizzle, and—at least through March—generate new jobs each month. There are now nearly 1.8 million people working in real estate services, more than...
Waiting Will Cost Homebuyers Money

Waiting Will Cost Homebuyers Money

by Third Party | Apr 4, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Scotsman Guide —  Experts have long said that there’s a cost to waiting to a buy a home. That’s certainly true in a rising interest rate market. There is a misconception that as housing prices stabilize, or even decrease, that there will be a substantial...
The Salespersons Best Practices

The Salespersons Best Practices

by Dan Harkey | Apr 4, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

The entire process is what I refer to as a best practices action system. Some salespeople question why they are not getting the outstanding results expected in their sales career?  Some feel that the harder they try, they beat their heads against a wall or race down a...
The economic shock hitting the housing market just got bigger

The economic shock hitting the housing market just got bigger

by Third Party | Apr 4, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Fortune —  Housing economists are clear: The swift move up in mortgage rates amounts to an economic shock. The bad news for homebuyers? That already big economic shock got even bigger last week. On Thursday, Freddie Mac reported that the average 30-year...
Will The Housing Market Crash? Experts Give 5-Year Predictions.

Will The Housing Market Crash? Experts Give 5-Year Predictions.

by Third Party | Apr 4, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Forbes —  The housing market appears to be operating without brakes as home prices continue to climb–the median listing price shot up in March to a record-high of $405,000, mortgage rates continue to tick up, and buyers are not backing down. As more...
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