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Inflation Pushes Mortgage Rates Up to 3.85%. Experts Warn Borrowers Not to Panic: ‘Historically, Rates Are Still Fairly Low.’

Inflation Pushes Mortgage Rates Up to 3.85%. Experts Warn Borrowers Not to Panic: ‘Historically, Rates Are Still Fairly Low.’

by Third Party | Feb 11, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Time —  Inflation continues to hit levels not seen in 40 years, and mortgage rates are rising with it. The 30-year fixed rate average increased to 3.85% – its highest since March 2020 – while the latest figures from the Bureau of Labor Statistics...
Why is our industry still transferring money with paper checks?

Why is our industry still transferring money with paper checks?

by Third Party | Feb 11, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Housing Wire —  While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” This is especially true...
D.C. First-Time Home Buyer: 2022 Programs and Grants

D.C. First-Time Home Buyer: 2022 Programs and Grants

by Third Party | Feb 10, 2022 | Mortgage Information, News/Current Events

Source: The Mortgage Reports —  What to know about buying a house in Washington D.C. Being a Washington D.C. first–time home buyer can seem like a daunting prospect; most homes in the District are eye–wateringly expensive. But there’s good news, too. You might...
U.S. Mortgage Delinquency Rates Drop in Late 2021

U.S. Mortgage Delinquency Rates Drop in Late 2021

by Third Party | Feb 9, 2022 | Mortgage Information, News/Current Events

Source: World Property Journal —  Based on CoreLogic’s latest monthly Loan Performance Insights Report for November 2021, 3.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure),...
How To Calculate Property Tax: What Homeowners Should Know About How to Estimate Property Taxes

How To Calculate Property Tax: What Homeowners Should Know About How to Estimate Property Taxes

by Third Party | Feb 9, 2022 | Mortgage Information, Real Estate Agent Tools

Source: Realtor —  Need to know how to estimate property taxes? You’ve come to the right place! Most people know that homeownership requires coughing up copious amounts of money. There’s your mortgage, of course, but the costs hardly end there. You will also...
Real Estate Commissions Being Squeezed in U.S. Over Last 4 Years

Real Estate Commissions Being Squeezed in U.S. Over Last 4 Years

by Third Party | Feb 8, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: World Property Journal —  National property broker Redfin is reporting the typical commission rate paid to brokerages representing homebuyers in the U.S. has fallen to its lowest point in at least four years. Redfin found the typical U.S. buyer’s...
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