Mortgage Industry News
How do you refinance your mortgage?
Source: CBS News --- Refinancing your mortgage essentially means replacing it. You get a new loan, ideally one with more favorable terms, use it to pay off the old one, and voila — you've refinanced. Homeowners often refinance to lower their interest rate, reduce...
‘A ray of hope’: As mortgage rates fall for a fourth week, experts say homes may soon become affordable again — even if volatility is here to stay
Source: Yahoo! --- Mortgage rates are continuing their downward trend as investors keep a lookout for more signs of cooling inflation. “This week, labor cost data provided a ray of hope as it showed that hourly compensation was lower than previously reported in the...
A decade’s difference: How the ordeal of buying a home in Nashville has changed
Source: Nashville Business Journals --- With rising prices, dwindling inventory and a seemingly endless supply of new arrivals, prospective homebuyers have reshaped the landscape of Music City’s housing market. Here's how the market has changed in the last decade. ...
What You Need To Know if You’re Thinking About Building a Home
Source: Keeping Current Matters --- If you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, you’re willing to consider either...
[Generational Study] Who Can Afford the Median Home in the 100 Largest U.S. Counties?
Source: Point 2 Homes --- Making resolutions and manifesting a better future is all the rage around this time of year. However, the goal of becoming a homeowner is more about cold, hard, financial facts than the ability to channel the universe’s benevolent energy. And...
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