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Mortgage Rates in September: A Smooth Ride, Then Turbulence

Mortgage Rates in September: A Smooth Ride, Then Turbulence

by Third Party | Sep 9, 2022 | Mortgage Information, Real Estate News, U.S. Housing Market

Source: Nerd Wallet —  September mortgage rates forecast Interest rates on fixed-rate mortgages are likely to remain fairly stable in the first three weeks of September. The forecast gets murkier at the end of the month. That’s because the Federal Reserve...
‘Sugar Hit’: Banks Benefit As Savings Rate Rises Lag Mortgages

‘Sugar Hit’: Banks Benefit As Savings Rate Rises Lag Mortgages

by Third Party | Sep 9, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: News AZI —  Macquarie analyst Victor German last week said deposit pricing was giving banks a “sugar hit,” at the same time as loan growth in their mortgage businesses slowed. “In the short term, banks continue to benefit from highly lucrative retail...
Everything to know about reverse mortgages

Everything to know about reverse mortgages

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

Source: CBS News —  If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief. With products like cash-out refinances, home equity loans or HELOCs, you can turn that equity into cash and use it for any...
Crypto real estate: the property market built on digital assets

Crypto real estate: the property market built on digital assets

by Third Party | Sep 9, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: The Big Red —  Portugal’s first property sale in cryptocurrency might have looked unremarkable, but it didn’t feel that way to those who had been working for nearly a year to make it happen. On May 4, in an office in the northern city of Braga, two men...
The US housing market is still in the red

The US housing market is still in the red

by Third Party | Sep 8, 2022 | News/Current Events, Real Estate News, U.S. Housing Market

Source: The Cryptonomist —  US: housing market shows no signs of recovering The recession is ascertained, but one fact that certifies the severity of the event and worries markets is that highlighted by Goldman Sachs researchers who published “The Housing...
Oak Street reportedly offered $2 billion to Kohl’s for property; law firms trying to gather investors for class action lawsuit

Oak Street reportedly offered $2 billion to Kohl’s for property; law firms trying to gather investors for class action lawsuit

by Third Party | Sep 8, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Milwaukee Journal Sentinel —  Kohl’s Corp. owns billions of dollars worth of property and one firm is trying to buy it all. Oak Street Real Estate Capital reportedly offered Kohl’s roughly $2 billion for its real estate and to lease it back...
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