Source: USA Today — Consumer borrowing costs are headed higher. Much higher. With the Federal Reserve set to raise its key short-term interest rate by a quarter percentage point Wednesday, Americans will soon see higher rates on everything from credit cards to...
Source: Housing Wire — A homebuyer today could purchase the typical Austin home for $485,000. But if they could go back in time to January 2021, they could have bought a home and two Teslas for the same price. Put another way, someone could purchase both a...
A subset of the real estate lending business exists where the loans are funded by private party investors rather than banks or other institutional lenders. This is referred to as bridge lending, private party lending, or hard money lending. The purpose of these...
Source: Scotsman Guide — A newly published survey from HomeLight revealed some dismaying, although not necessarily shocking, impacts of the historically competitive housing market on consumer psychology. Among other takeaways, the survey (which polled more than...
Source: House Logic — Like most homeowners over the past couple of years, you may have discovered that you can no longer write off your property taxes or claim the mortgage interest deduction. That doesn’t necessarily mean your taxes went up. The change is...
Source: Bankrate — Mortgage rates are rebounding after dropping at the onset of the war in Ukraine. In other news, fintech companies are offering new ways to tap home equity, and new condo mortgage rules are causing a stir. 1. Mortgage rates jump back up...
