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Mortgage rates just took the biggest plunge since 1981 — but analysts say the market is ‘not out of the woods yet’
Source: Yahoo! Finance --- Mortgage rates tumbled by their biggest weekly drop in four decades after new data suggested inflation could be starting to cool. Consumer prices rose by 7.7% in October — a slower pace than economists predicted — and the average rate on a...
One-Third of Recent Homebuyers Still Don’t ‘Shop Around’ for Mortgages
Source: Fannie Mae --- For potential homebuyers, obtaining multiple mortgage quotes may not be as exciting as searching for the physical home itself, but research has shown that "shopping around" with different lenders for the best possible mortgage terms can result...
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THOUGHTS ON LEADERSHIP: LEADING LIKE A DOG
Source: RisMedia --- For today’s post, I want to talk about dogs. Well, people really, but first, let’s talk about dogs. According to the latest survey from the American Pet Products Association, pet ownership in the U.S. rose to an all-time high—70% of U.S....
How Long Does It Take to Improve Credit Score Enough to Buy a Home?
Source: Realtor --- How long does it take to improve credit score? Having good credit helps you prove your creditworthiness to potential lenders. If you’re hoping to buy a home, having a good credit score is key, since it helps you qualify for a mortgage. So if your...
Homebuyers Can Save Over $15,000 in Five Years With an Adjustable-Rate Mortgage–But It Comes With Risks
Source: Redfin --- That’s $260 per month for the typical homebuyer—the largest savings since at least 2015. As mortgage rates surge, demand for adjustable-rate mortgages is on the rise because they typically have lower interest rates than 30-year fixed loans. The...
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