Source: Bankrate — In a reversal from the rapid rise in recent weeks, the average rate on 30-year mortgages dipped to 5.85 percent this week from 5.91 last week, according to Bankrate’s national survey of large lenders. The Federal Reserve raised...
Source: Calculated Risk Blog — I’ve put together my own affordability index – since 1976 – that is similar to the FirstAm approach (more of a house price index adjusted by mortgage rates and the median household income). I used median income from...
Source: Nerdwallet — A 10-year adjustable-rate mortgage offers a fixed rate for the first 10 years of the loan. After that, the interest rate resets every six months. Many homeowners opt to refinance or sell their property before the rate starts to change. So...
Source: Bankrate — One of the biggest decisions divorcing couples face is what to do with the marital home. If the breakup is acrimonious, trying to agree on the house and the mortgage can be a nightmare. The options for divorcing couples depend on a number of...
Source: Scotsman Guide — The S&P CoreLogic Case-Shiller National Home Price Index registered a 20.4% annualized gain in April, down slightly from the 20.6% growth in March as stubbornly growing home prices finally saw a slight deceleration. The slowdown in...
Source: Realtor — Do you know how much an average real estate agent commission is? Or who pays real estate agent fees and closing costs? If you’re scratching your head, you’re not alone: More than half of Americans don’t know what the average real estate agent...
Mamdani Publishes Searchable Database with Names and Addresses of Pied-à-Te…
