The New York State Assembly now considering a bill that would raise the minimum borrower age for a reverse mortgage customer from 60 to 62. Reverse Mortgage Daily reported that State Assembly Bill A5877 would also make additional changes to the state’s reverse...
The spirit of T.S. Eliot permeated Montreal’s residential housing environment, for April was truly the cruelest month – the market’s sales totaled 3,755 last month, a 26% year-over-year plummet to the lowest point since 2000 for the month of April (not counting the...
The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX) announced its expansion into Manitoba, which gives the company a presence in four Canadian provinces. The new Manitoba operations features with 22 agents, including two of the area’s top producing teams, Peters...
Better, the New York City-based fintech lender, has rolled out its first home equity line of credit (HELOC) products. According to the company, the new HELOC product can be obtained through a fully online process, with closings in as little as three days from an...
I recently spoke to the wife of a friend who had been planning a career change into residential real estate but was now having second thoughts. Sound familiar? “Is this a bad time to give up my job and take the plunge?” she asked. “Good question!” I said,...
The 30-year fixed-rate mortgage averaged 6.39% of today, according to new data from Freddie Mac (OTCQB:FMCC). This rate is down from last week when it averaged 6.43%. A year ago at this time, the rate 5.27%. The 15-year fixed-rate mortgage averaged 5.76%, up from last...
A Phil Hall Op-Ed: So, I Asked ChatGPT to Predict 2027’s Housing Mark…
