Mortgage Industry News
Is a housing market crash on the way in 2022?
Source: AZ Big Media --- Last year was anything but normal — especially in Arizona’s residential real estate market. Median sale prices rose in Phoenix from $325,000 in January 2021 to $404,300 by October, a 24.4% increase, according to real estate website Redfin....
What buyers and sellers need to know for a real estate recession
Source: Fox 5 Atlanta --- By now, you've probably heard that the economy is not in great shape. Inflation is at a 40-year high, interest rates have doubled since early this year, and real estate prices have literally gone through the roof. But what does this all mean...
REAL ESTATE Mortgage rates rise to an 8-month high, tanking refinance demand
Source: CNBC --- Mortgage rates have been on a tear this month, rising yet again last week to the highest level in eight months, according to the Mortgage Bankers Association. That caused mixed demand for mortgages last week, resulting in no change from the week...
Could Homeownership Derail the Rental Market In Secondary Cities?
Source: Globe Street --- During the pandemic, people fled the urban core for secondary metros across the country. The great relocation, as some have called it, wasn’t necessarily a new trend; people had been slowly leaving big cities in favor of affordability in...
Unfair Mortgage Practices In Tampa Targeted By Justice Officials
Source: Patch --- A new effort to combat redlining, an illegal practice in which lenders deny loans to people based on their race or nationality, has launched in Tampa. The U.S. Justice Department's new Combating Redlining Initiative, announced Friday, represents the...
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