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Wells Fargo Is Backing Out Of The Mortgage Market – What Does It Mean For Homebuyers?
Source: Forbes --- Key takeaways Wells Fargo, the country's third largest mortgage lender, is stepping back from the mortgage market. While not exiting it entirely, they’ll be focusing on only providing mortgages to their existing customers, and those in minority...
Nationally Recognized Real Estate Entrepreneur Known As The YouTube REALTOR Champions Content Creation For Entrepreneurs of All Stripes
Source: Yahoo! --- Dallas -Texas – Real Estate Expert, Thought Leader, Public Speaker, and Business Advisor Chastin J. Miles credits his incredible success to having the right tools to navigate and take advantage of the age of content creation. Miles is chronicling...
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How High Can Mortgage Rates Go? We’re About To Find Out
Source: Realtor --- Homebuyers received yet another shock this week as mortgage interest rates shot up suddenly. Rates blew well past 6% in a blow to buyers struggling with record-high and ever-increasing home prices. The increases were in anticipation of the U.S....
Fed hikes rates by 75 bps, the largest increase since 1994
Source: Housing Wire --- The Federal Reserve (Fed) on Wednesday did something it hadn’t done in more than two decades: it raised the federal funds rate by 75 basis points, to 1.50-1.75%, a hike not seen since 1994. The decision, designed to slow the pace of...
Investor Home Purchases Slump 17% From Pandemic Peak as Interest Rates Rise
Source: Redfin --- Real estate investors bought 77,829 homes in the metros tracked by Redfin in the first quarter, down 11.5% from the fourth quarter of 2021 and 16.5% from the third quarter of 2021, when investor purchases hit a record high. On a year-over-year...
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