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Mortgage rates just hit a 12-year high

Mortgage rates just hit a 12-year high

by Third Party | Apr 22, 2022 | Mortgage Information, News/Current Events

Source: CNN—  Mortgage rates continued to rise this week, reaching their highest level in more than a decade. The 30-year fixed-rate mortgage averaged 5.11% in the week ending April 21, up from 5% the week before, according to Freddie Mac. It is the seventh...
Relax and Recharge in Your Mental Hobby Shop

Relax and Recharge in Your Mental Hobby Shop

by Dan Harkey | Apr 22, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

Most people have a place they go to or an activity they engage in that helps them move into peacefulness, serenity, and resolve. They can spend time happily away from exterior societal pressures. I refer to that state of being as their “Mental Hobby Shop,”...
Why This Housing Market Is Not a Bubble Ready To Pop

Why This Housing Market Is Not a Bubble Ready To Pop

by Third Party | Apr 21, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Keeping Current Matters —  Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to...
Liens and Encumbrances Affecting Real Property Ownership

Liens and Encumbrances Affecting Real Property Ownership

by Dan Harkey | Apr 20, 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]  What is a Lien? A lien is a legal right or claim against real property, referred to as a security interest. The lien is given or conveyed to a creditor (lender)...
Homeownership by Education: Degree-Holding Owners Surge as Those Without High School Drop 30%

Homeownership by Education: Degree-Holding Owners Surge as Those Without High School Drop 30%

by Third Party | Apr 20, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Housing Wire —  Although there are 4% fewer owned homes in the United States than there were in 2010, an increasing share belongs to highly educated people. And, with Millennials cementing their status as a driving force during the last decade, the life...
Nearly One-Third of Homeowners Have a Mortgage Rate Far Below Today’s Level, Prompting Some to Stay Put

Nearly One-Third of Homeowners Have a Mortgage Rate Far Below Today’s Level, Prompting Some to Stay Put

by Third Party | Apr 20, 2022 | Mortgage Information, News/Current Events

Source: Redfin —  ​About half (51%) of U.S. homeowners with mortgages have a mortgage rate under 4%—substantially below today’s level of 5%. About one-third (32%) of all homeowners—including those without mortgages—have a mortgage rate under 4%. With rates now...
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