Current News & Events
Bloom Finance Company Debuts Reverse Mortgage with Lifetime Fixed Interest Rate
The new product is designed to protect seniors by eliminating uncertainty from interest rate changes and renewal premiums. Continue Reading Bloom Finance Company Debuts Reverse Mortgage with Lifetime Fixed Interest Rate
A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
Creating a 50-year mortgage with the goal of making housing more affordable is the equivalent of sending shipments of dinnerware into a famine-stricken region. Continue Reading A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
The Best Real Estate Returns Come After Recessions
Source: Institutional Investor --- Amid a slow down in the economy, higher financing costs, and mounting fears of a recession, real estate values are fast declining. But the downturn is an opportunity for investors who stick with their real estate holdings — or invest...
Current National Mortgage Rates: September 28, 2022—Rates Are The Highest They’ve Been In A Year
Source: Forbes --- The average rate on a 30-year fixed mortgage is 6.98%, according to Bankrate.com, while the average rate on a 15-year mortgage is 6.09%. On a 30-year jumbo mortgage, the average rate is 7.02%, and the average rate on a 5/1 ARM is 5.11%. Today’s...
Almost 1,000 mortgage deals pulled as panic grips UK housing market
Source: The Guardian --- Almost 1,000 mortgage packages were pulled overnight from the British market as panic seeps into the housing market in the wake of Kwasi Kwarteng’s mini-budget. Moneyfacts, which monitors the sector, said 935 out of 3,596 mortgage products had...
2 Pros and Cons of Buying a Foreclosed Home
Source: The Motley Fool --- Although housing inventory has been opening up in the real estate market, there still aren't enough available properties for sale to meet buyer demand. If you've been house-hunting for months and have yet to have success, you may be at the...
4 Things to Know About Buying a House With a Recession Looming, According to Experts
Source: Apartment Therapy --- When you hear the phrase “looming recession,” your initial reaction may be to freeze your spending — especially if you’re still haunted by the last economic downturn in which a housing boom and bust led to a subprime mortgage meltdown....
Horton and Toll Brothers: These Homebuilder Stocks Could Benefit From the Housing Bubble
Source: Tip Ranks --- The U.S. housing market is locked in a paradox of sorts. Homebuilders have too many unsold properties in hand now, but the U.S. is still suffering from a housing shortage. The only apparent way to bring an equilibrium is for homebuilders to turn...
Unreal Estate Utilizes ATTOM to Bring Real Estate Into the Digital Age
Source: Attom Data --- There are two complaints about the traditional real estate process; it can be somewhat slow and costly. Unreal Estate aims to change all that by bringing real estate into the 21st century. They’re shaking up the industry by digitizing...
The Biggest Gripe Real Estate Photographers Have with Sellers
Source: PetaPixel --- An annual “Rants and Raves” survey of real estate photographers has found that their biggest gripes are homeowners not tidying up properties. HomeJab, a company that provides real estate photographers in all 50 states, surveyed over 100...
Real Estate Buyers are Liars – Or Not
Source: Advisor Perspectives --- Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. When purchasing a home, too often we let our emotions guide us to an impractical choice. As with...
Advice from a longtime real-estate agent: ‘Owners are moaners, and buyers are liars’
Source: MarketWatch --- The longtime real-estate agent snickered when I asked her to look back on her career and her clients. She said she had learned something that all agents soon come to recognize: “Owners are moaners, and buyers are liars.” Would she be willing to...
