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Today’s Mortgage Rates & Trends – August 8, 2022: Rates seesaw

Today’s Mortgage Rates & Trends – August 8, 2022: Rates seesaw

by Third Party | Aug 9, 2022 | Industry Updates, Mortgage Information, U.S. Housing Market

Source: Investopedia —  Rates on 30-year mortgages rose by almost four-tenths of a point Friday, extending a three-day pattern of dramatic up and down swings ranging from a third to a half a percentage point each day.   National Averages of Lenders’ Best...
As Mortgage Rates Stay Up, Lenders and Brokers Need to Get ‘Creative’

As Mortgage Rates Stay Up, Lenders and Brokers Need to Get ‘Creative’

by Third Party | Aug 8, 2022 | Mortgage Information, Real Estate Agent Tools, U.S. Housing Market

Source: Market Scale —  Freddie Mac’s weekly averages since July 14 have been volatile, with spikes and dips in 30-year fixed, 15-year fixed and 15-year adjustable mortgage rates. But even with some short term relief after August 4’s numbers brought rates below...
Here are the 5 most ‘overvalued’ housing markets in the US — they could even see prices plunge 15% to 20% if a bad recession hits

Here are the 5 most ‘overvalued’ housing markets in the US — they could even see prices plunge 15% to 20% if a bad recession hits

by Third Party | Aug 8, 2022 | Industry Updates, News/Current Events, U.S. Housing Market

Source: Yahoo Finance —  Years of soaring home prices have led to 96% of the largest markets in United States having overvalued real estate, according to a new analysis by Moody’s Analytics. Most of the market now remains overpriced by about 25%. That could lead...
Renting isn’t always the wrong choice: Here are 4 reasons it could save you money

Renting isn’t always the wrong choice: Here are 4 reasons it could save you money

by Third Party | Aug 7, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: USA Today —  Put aside the idea that you must own a home. I’m convinced that a group of real estate agents or builders’ organizations played a role in planting the idea that homeownership is a key ingredient in achieving the American Dream....
Lumber prices are plummeting again after hitting news lows for the year as US housing market continues to cool off

Lumber prices are plummeting again after hitting news lows for the year as US housing market continues to cool off

by Third Party | Aug 7, 2022 | Industry Updates, U.S. Housing Market

Source: Markets Insider —  Lumber plummeted Friday, extending losses that marked a new 2022 low just two days ago.   Read...
5 tips for novice house flippers

5 tips for novice house flippers

by Third Party | Aug 7, 2022 | Real Estate News, U.S. Housing Market

Source: Washington Blade —  If you still use Facebook, you know that there is a group for everything, from different breeds of dogs and cats to silly games that lead to data mining of your information for business or nefarious purposes, to groups that offer...
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