Mortgage Industry News

What are the equity release options for you?

What are the equity release options for you?

Source: The Irish News --- HAVING covered equity release in as much detail as I could over the last few weeks, I'll now detail the options available for those of you considering releasing equity. There are two types of equity release (although I could argue that...

Tough market: Rising mortgage rates making home buying harder

Tough market: Rising mortgage rates making home buying harder

Source: Housing Wire --- The Rio Grande Valley was already struggling with housing affordability, and now higher mortgage interest rates are making it worse. That’s according to a new study from the Texas Real Estate Research Center of Texas A&M University, which...

US real estate market may be cooling, depending on who you ask

US real estate market may be cooling, depending on who you ask

Source: ABC News --- Just a few months ago, the real estate market was favorable to people selling homes. The amount of buyers was increasing, the number of listings were down and interest rates were dropping, it seemed, across the country. Now, brokers are saying the...

Average mortgage debt rose 14% over the past 5 years

Average mortgage debt rose 14% over the past 5 years

Source: Rome News Tribune --- The average mortgage debt held by American homeowners has risen 14%, according to Experian data. At the end of 2021, the average mortgage balance was $223,952 in the U.S., up from an average of $196,403 for the same time period in 2017. ...

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