Source: US News Money — Mortgage rates surged higher this week, according to Freddie Mac, continuing a monthlong trend of rate increases. The average interest rate on a fixed 30-year mortgage is the highest it’s been since 2008, at 5.89%. For the 15-year...
Source: Fox News — North Carolina-based Bank of America recently came under fire over a reported plan to offer zero-down mortgages in minority communities, with some critics lodging complaints over the racial aspect, while others warned it reminded them of the...
Source: Rockford Register Star — The Forest City ranks 294th out of the nation’s top 300 real estate markets, according to a study conducted by the personal finance website WalletHub. While putting together the list, WalletHub examined 17 key indicators,...
Source: Arch Daily — The real estate industry moves fast. It wasn’t so long ago that potential buyers narrowed their searches by driving around with a sheaf of printed listings, and designers and builders relied on CAD drawings and artist renderings to show...
Source: Fox Business — The average interest rate for 30-year fixed-rate mortgages hit the 6% mark for the first time in 14 years, according to a Mortgage Bankers Association (MBA) survey released Wednesday. The MBA’s latest Weekly Mortgage Applications...
Source: Housing Wire — The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. This is something I’ve never believed in because...
