Source: The Mortgage Reports — The Federal Housing Finance Agency announced it will increase fees on certain home loans starting Apr. 1, 2022. These new upfront fees will affect high–balance and second home mortgages sold to Fannie Mae and Freddie Mac. And, as...
Source: The Wall Street Journal — U.S. mortgage rates this week rose to their highest levels since May 2020, driving up the costs associated with home buying at a time when home-sales prices are already near record highs. The average rate for a 30-year...
Source: Redfin — The housing market started off the new year with fewer homes for sale than ever before, as active listings fell 27% from a year earlier. The number of newly-listed homes for sale fell 10%, but anecdotes from Redfin agents suggest that listings...
Source: MoneyWise — If you’re a commercial real estate investor, you’re already familiar with the sector’s appeal: Steady income, relatively low maintenance and long-term leases that cut down on the risk of vacancies. But you also know that now is not...
Source: MPA — Mortgage applications decreased over the last week of 2021, according to recent data from the Mortgage Bankers Association (MBA). MBA’s latest weekly mortgage applications survey revealed that mortgage applications for the week ending December 31,...
Source: Fox Business — Compass Executive Vice President Mike Aubrey argued on Wednesday that 2022 will still experience a “really good real estate market,” but acknowledged that the “frenzy of 2021” likely won’t happen again....
