Current News & Events
ECGI Holdings Signs LOI to Acquire Mortgage Lender RezyFi for $30 Million
“This acquisition positions ECGI to bridge the gap between traditional mortgage lending and next-generation financial technology,” said Jamie Steigerwald, president of ECGI Holdings. Continue Reading ECGI Holdings Signs LOI to Acquire Mortgage Lender RezyFi for $30 Million
Toronto-Based REIT Acquires Manufactured Housing Communities in Indiana and Ohio
“We expect these acquisitions to be highly desirable homeownership options that will also add value for unitholders,” said President and CEO Kurt Keeney. Continue Reading Toronto-Based REIT Acquires Manufactured Housing Communities in Indiana and Ohio
Latest mortgage news: After flirting with 6%, rates retreat
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...
Worst Housing Affordability” since 1991 excluding Bubble; Real House Prices and Price-to-Rent Ratio in April
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 the Census...
What Is a 10-Year Adjustable-Rate Mortgage?
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 why...
Divorce and your mortgage: Here’s what to know
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...
After months of pickup, Case-Shiller Home Price Index finally slows in April
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 April...
Who Pays the Real Estate Commission and Closing Costs: The Homebuyer or Seller?
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...
A Key Opportunity for Homebuyers
Source: Keeping Current Matters --- There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the...
Home Prices Still Surging, But Today’s Data is For April
Source: Mortgage News Daily --- It's one of the perennial "yeah buts" of the two largest and most widely-cited home price indices: there data is always about 2 months old by the time it comes out. This is the nature of home price reporting. It doesn't mean the data...
The Great Real Estate Slowdown: 10 Markets Where Homes Linger the Longest—and Buyers Gain an Edge
Source: Realtor --- In the fraught, pressure-packed, scarily unpredictable summer 2022 housing market, home sellers and buyers are compulsively tracking key real estate metrics like baseball obsessives tracking box scores—only with way more on the line than the...
Pending home sales unexpectedly break six-month losing streak in May
Source: Fox Business --- On a regional basis, contract signings jumped 15.4% month over month in the Northeast, increased 0.2% month over month in the South, fell 1.7% month over month in the Midwest and contracted 5% in the Midwest. The figures mark year-over-year...
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