Mortgage Industry News
Mortgage refinance demand surged 6%, as rates dropped to the lowest level since September
Source: CNBC --- Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it did send homeowners looking for savings on their monthly payments. Applications to refinance a home loan jumped 6% last week from the...
High mortgage rates limit relocation options, Redfin says – Here’s where homebuyers are still moving to
Source: Fox Business --- The search for affordable housing remains a top motivator for homebuyers who are looking to relocate to a new city, according to Redfin’s third quarter migration report. In the third quarter of 2022, a record 24.2% of homebuyers looked to...
For Native American Homebuyers, 3 Financial Assistance Programs to Help With a Purchase
Source: Realtor --- In today’s aggressive housing market, it’s crucial to get a leg up on the competition and to take advantage of all options available when it comes to financial aid. For Native American homebuyers, there are several lending programs to help secure...
A housing bubble is on everyone’s mind right now — here’s what it is and how to know if the US is in one
Source: Business Insider --- You may have heard, the US housing market is booming. But booms often end in a bust, and the housing situation across the country has led experts to debate the possibility of the whole market imploding. As the number of homes available...
A Homebuyer’s Guide to the Appraisal Gap: Why It Happens and What To Do
Source: Realtor --- If you’re thinking of buying a home in today’s market, you need to be prepared for the possibility of an appraisal gap. So what is an appraisal gap? An appraisal gap is when a home’s appraised value is lower than the purchase price the buyer has...
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Recent Posts
Hits and Misses for the Real Estate Week of April 27-May 1- Global Manufactured Homes Market Forecast to Reach Nearly $43 Billion by 20…
- San Francisco’s Bay Club Acquires Full City Block for $65 Million
- Pennsylvania Housing Finance Agency Launches Home Purchase Assistance Loan
- Portland Duo Sentenced for Running Real Estate Investment Fraud Scheme
