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Rising Interest Rates and What’s Next for Multifamily Lending

Rising Interest Rates and What’s Next for Multifamily Lending

by Third Party | Jan 28, 2022 | Mortgage Information, News/Current Events

Source: Multi-Housing News —  Multifamily investors are bracing for an uptick in mortgage rates and other forms of real estate finance as the Federal reserve bumps up interest rates in 2022. As an inflation-fighting move, the Fed plans three hikes of 25 basis...
Residential Rents in North America Rise 14 Percent in December

Residential Rents in North America Rise 14 Percent in December

by Third Party | Jan 26, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: The World Property Journal —  According to national property broker Redfin, average monthly listed rents in the U.S. increased 14.1% year over year to $1,877 in December 2021. This was the largest annual jump since at least February 2019–the...
Home prices surged in November, but at a slower rate than in October, S&P Case-Shiller says

Home prices surged in November, but at a slower rate than in October, S&P Case-Shiller says

by Third Party | Jan 26, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: CNBC —  Even as the housing market entered its traditionally slower season in November, home prices showed big gains from a year ago. Prices rose 18.8% year over year on the S&P CoreLogic Case-Shiller National Home Price Index. Yet that was a slower...
Inflation keeping house prices high, even with rising mortgage rates

Inflation keeping house prices high, even with rising mortgage rates

by Third Party | Jan 24, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: yahoo!finance —  If you’re a homebuyer hoping for a break on home sale prices amid rising mortgage rates, it’s likely not happening this year, or next.  Aside from record-low inventory, a big culprit for even higher home prices points to...
Long-term U.S. mortgage rates jump significantly

Long-term U.S. mortgage rates jump significantly

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

Source: RealEstate — WASHINGTON (AP) — Average long-term U.S. mortgage rates continued to rise this week. The rate on the benchmark 30-year loan breached 3.5%. Home loan rates have been running in recent weeks at levels not seen since early 2020, when the...
1 in 10 Homebuyers & Sellers Say Climate Risk is Main Reason For Move: Redfin Survey

1 in 10 Homebuyers & Sellers Say Climate Risk is Main Reason For Move: Redfin Survey

by Third Party | Jan 20, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Redfin News —  One in 10 homebuyers and sellers say climate-related risks—hurricanes, flooding, wildfires, extreme temperatures and/or rising sea levels—are the primary reason for their move, and 39% say they’re a contributing factor.  That’s according...
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