Mortgage Industry News
Will Mortgage Rates Keep Soaring in 2023?
Source: The Ascent --- There's a reason so many people wanted to buy a home in 2021. Last year, mortgage rates were quite attractive, and even though real estate prices were through the roof, borrowing rates were low enough to make homeownership appealing. This year,...
Mortgages Have Gotten Expensive — but Here’s One Way You Can Save
Source: Nasdaq --- For much of 2021, it was more than possible to sign a 30-year mortgage at under or around 3%. But those days are long gone. Mortgage rates have risen at a rapid clip since the start of 2022. And at this point, borrowers are looking at somewhere in...
Should You Waive Contingencies To Win a Home? 4 Situations When It Might Be OK
Source: Realtor --- This is not an easy time for homebuyers. Simply put, housing inventory is at historic lows and home prices are at historic highs, resulting in one of the most competitive times to buy a house ever. This red-hot market has prompted many buyers to go...
How Skyrocketing Gas Prices Affect the Real Estate Market
Source: The Motley Fool --- Inflation's impact on energy costs was already being felt before the Russia-Ukraine conflict, but now new sanctions restricting the exportation of fuel are exacerbating the problem and causing gas prices to soar. While it may not seem like...
Condo Prices Jump to Record High as Buyers Seek Relative Affordability
Source: Redfin --- The typical U.S. condo sold for a record $319,000 in February, up 14.6% from a year earlier and 22.7% from two years earlier, just before the pandemic began. Condos are in demand partly because they’re a comparatively affordable option amid...
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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
