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Why 7% Mortgage Rates Are Such a Pain
Source: Next Advisor --- The average 30-year mortgage rate is higher than it’s been in 20 years. Last week, it reached 7%, and it’s still inching higher. But the most startling thing might be just how quickly it got there. A year ago, it was 3.24%. That’s a concerning...
Must-know real estate trends driving the market in 2023
Source: Real Trends --- The Emerging Trends in Real Estate report, produced by PWC and The Urban Land Institute (ULI), has been the dominant voice in reporting the future of the industry for more than 40 years. Given the market upheavals in the years since the...
Additional Reading: Top Real Estate Industry News & Headlines
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MILLENNIAL BUYERS VS. HOUSING MARKET: THE STRUGGLE TO FIND A HOME
Source: RisMedia --- The National Association of REALTORS® (NAR) has recently completed its long-running “Generational Trends” survey to provide intriguing information on the trends impacting home buyers and sellers by generation. Seeing how different generations...
Locked Means Locked
What does locking a rate do for clients? It keeps these rates in check. Some lenders that I use even let me lock and shop. What does that do? It lets the borrowers lock a rate in a rate for up to 90 days and then continue to shop for their homes. Continue Reading Locked Means Locked
Why Some Rate Quotes Are So Different And Why “Points” Are On The Rise
Source: Mortgage News Daily --- It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually risen? There’s a correct answer and then there’s the answer that can be gleaned from widespread...
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