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Rising mortgage credit availability to help offset rising rates

Rising mortgage credit availability to help offset rising rates

by Third Party | Jan 18, 2022 | Mortgage Information, News/Current Events

Source: WTOP News —  Banks and other lending institutions clamped down on lending standards when the pandemic hit, but mortgage credit availability has been easing in recent months. The Mortgage Bankers Association’s Mortgage Credit Availability Index rose 0.8%...
SRE TECHNOLOGIES SPENDING MONEY TO ATTRACT BORROWERS TO NEW PORTAL

SRE TECHNOLOGIES SPENDING MONEY TO ATTRACT BORROWERS TO NEW PORTAL

by Staff Writer | Jan 18, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

SOURCE: EIN PRESSWIRE SRE Technologies, Based in Torrance, Calif., has completed work on the company’s online destination for home buyers and sellers and are now promoting the offering to consumers in markets across the state of Utah. The company’s new web portal is...
How Much Will Today’s Median Home Price—$375K—Really Get You Across the U.S.?

How Much Will Today’s Median Home Price—$375K—Really Get You Across the U.S.?

by Third Party | Jan 18, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Realtor.com —  Homebuyers these days are one stressed-out group, and they have plenty of questions. They want to know how high mortgage rates will rise. How to win insane bidding wars. Whether to join the suburban rush or the big-city retreat. Whether...
How much do you have to earn to afford Salt Lake County’s median-priced home?

How much do you have to earn to afford Salt Lake County’s median-priced home?

by Third Party | Jan 17, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: KSL.com —  SALT LAKE CITY — In a matter of six years, the annual income needed in order to afford a median-priced home in Salt Lake County has nearly doubled. Let that sink in. In 2015, a median-priced home in Salt Lake County cost about $248,400. The...
Mortgage Rates Are Surging, Hitting Highest Point Since March 2020. Will Home Prices Have To Fall?

Mortgage Rates Are Surging, Hitting Highest Point Since March 2020. Will Home Prices Have To Fall?

by Third Party | Jan 17, 2022 | Mortgage Information, News/Current Events

Source: Realtor.com —  Buying a home just became a lot more expensive—and it’s expected to only get worse in the coming months. Mortgage interest rates surged to their highest point since March 2020—the earliest days of the coronavirus pandemic—indicating that...
ATTOM: Foreclosure Activity Hit All-Time Low In 2021

ATTOM: Foreclosure Activity Hit All-Time Low In 2021

by Third Party | Jan 16, 2022 | Mortgage Information, News/Current Events

Source: National Mortgage Professional —  Foreclosure filings — including default notices, scheduled auctions, and bank repossessions — were reported on 151,153 U.S. properties in 2021, down 29 percent from 2020 and down 95 percent from a peak of nearly 2.9...
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