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Inflation soars in Phoenix, Atlanta, Tampa as homebuyers arrive

Inflation soars in Phoenix, Atlanta, Tampa as homebuyers arrive

by Third Party | May 10, 2022 | Industry Updates, Mortgage Information, Real Estate News, Uncategorized

Source: Fox Business —  Phoenix, Tampa and Atlanta are seeing some of the highest inflation rates in the country as the areas attract a surge of homebuyers, according to Redfin. Redfin deputy chief economist Taylor Marr said inflation, which surged 8.5% over the...
Mortgage rate locks tumble amid sharp rate rise

Mortgage rate locks tumble amid sharp rate rise

by Third Party | May 10, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Housing Wire —  Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates, reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. Total mortgage rate locks by dollar...
Locked Means Locked

Locked Means Locked

by Debbie Bloyd | May 9, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or  [email protected] What does locking a rate do for clients?  It keeps these rates in check.  Some lenders that I use even let me lock and shop.  What does...
Why Some Rate Quotes Are So Different And Why “Points” Are On The Rise

Why Some Rate Quotes Are So Different And Why “Points” Are On The Rise

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

Source: Mortgage News Daily —  It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually risen? There’s a correct answer and then there’s the answer that can be gleaned from...
Appraised Value vs. Market Value: They Are Not the Same!

Appraised Value vs. Market Value: They Are Not the Same!

by Dan Harkey | May 9, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

By Dan Harkey Real Estate & Private Money Finance Consultant m: 949 533-8315  | e: [email protected] There are multiple methods for determining a property’s value, including market value and appraised value. There are also numerous definitions of value conclusions...
NAHB Announces Best of 55+ Builder of the Year and For-Sale Community of the Year

NAHB Announces Best of 55+ Builder of the Year and For-Sale Community of the Year

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

Source: NAHB —  As part of The Nationals awards program, NAHB named Traditions of America in Berwyn, Pa., the Builder of the Year and Trilogy® in Country Pointe Plainview Madison in Plainview, N.Y., the For-Sale Community. The awards were presented during the...
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