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Mortgage Application Activity Up 11.2%
The VA share of total applications increased to 15.9% from 14.6% from the week before. Continue Reading Mortgage Application Activity Up 11.2%
Foreclosure Activity Up During February
Lenders started the foreclosure process on 22,730 residential properties in February. Continue Reading Foreclosure Activity Up During February
Additional Reading: Top Mortgage Industry News & Headlines
Mortgage Application Activity Up by a Slight 0.5%
The seasonally adjusted Purchase Index was up by 1% percent from one week earlier, but the unadjusted index was down by 1%. Continue Reading Mortgage Application Activity Up by a Slight 0.5%
Report: 6 of 7 People with Mortgages Have Interest Rates Below 6%
22% have a rate below 3%. Continue Reading Report: 6 of 7 People with Mortgages Have Interest Rates Below 6%
California Poised to Open Mortgage Assistance Program to Illegal Immigrants
Gov. Gavin Newsom has not publicly stated if he would sign the bill into law. Continue Reading California Poised to Open Mortgage Assistance Program to Illegal Immigrants
Fed’s rate debate shifts to how, and when, to slow down
Source: Reuters --- WASHINGTON, Oct 21 (Reuters) - The Federal Reserve, set to approve another large interest rate increase early next month, is shifting to a debate over how much higher it can safely push borrowing costs and how and when to slow the pace of future...
Adjustable-Rate Mortgages Are Probably Still a Bad Idea
Source: Lifehacker --- Housing prices are finally starting to go down, but thanks to interest rate hikes, monthly mortgage payments are more out of reach than ever before. With all of this financial uncertainty, you may be considering an adjustable-rate mortgage,...
The Psychology of Real Estate Market Cycles
Source: Appraisal Buzz --- Implicit in the term “cycle” is that the real estate market is constantly in a state of flux. Real estate market cycles are specific to a submarket and property type. It is also specific to classification (A, B, C, or D) within a property...
How Does Real Estate Fit Into a Retirement Income Plan?
Source: Investment News --- Real estate investment offers plenty of potential: a hedge against inflation, sheltered income and asset class diversification, for starters. But owning a property directly carries expenses that can eat into cash flow. That can be...
Sell Your Home or Rent It Out? The Best Advice in Current Housing Market
Source: Newsweek --- There are many reasons why you might be looking to sell your home—upgrading from your first property, moving across the country, or simply starting afresh. However, with mortgage rates rising across the U.S., pricing many first-time buyers out of...
Skyrocketing inflation is raising mortgages, putting first homes out of reach
Source: The Hill --- A new report showing inflation rising again in September is just the latest bad news for new homebuyers, who are increasingly seeing the cost of a first home pushed out of their reach. The latest news puts lenders, already on edge amid a grim...
Dave Ramsey Warns of a Dangerous ‘Plot Twist’ You Could Face With Rent-to-Own Homes. Here’s What It Is
Source: The Motley Fool --- Rent-to-own is one approach to buying a home, but it's not a conventional approach. Basically, if you opt for a rent-to-own arrangement, you enter into an agreement with a property owner that enables you to purchase the property you are...
Mortgage rates could continue rise to 8.5%: NAR
Source: The Real Deal --- Mortgage rates could climb another 1.5 percentage points, according to a leading economist. National Association of Realtors chief economist Lawrence Yun predicted that interest rates could be on their way to 8.5 percent if they pass a...
Inside Meryl Streep’s Stunning Real Estate Portfolio
Source: Architectural Digest --- Because of Meryl Streep’s star power, it may come as a surprise just how relatively normal and low-key her personal life is. The prolific actor, who has been married to sculptor Don Gummer for 43 years and counting, holds the record...
Some Real Estate Agencies Are Scrambling To Find Alternative Sources Of Revenue
Source: Yahoo --- In an effort to boost its revenue, real estate listings giant Zillow Group Inc. started a home-flipping business that it believed would create an alternative revenue stream to just marketing properties online. That strategy didn’t last long after...
