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Most property investors are opting for one-year fixed mortgages – survey
Source: MPA Mag --- A number of property investors are choosing to suffer the short-term pain of fixing their mortgage rates for a year in anticipation of interest rates easing, according to a new survey. The latest Crockers-Tony Alexander Investor Insight found that...
Tracker mortgages: is it a good idea to get one now?
Source: The Times Money Mentor --- With many low interest fixed-rate mortgage deals due to expire this year, borrowers may be asking what to do next and considering whether a tracker mortgage is a good option. A new report from the Office for National...
Feds raises rate a quarter point, inflation still a concern
February 1, 2023 (Staff Writer) The U.S. Federal Reserve (Fed) announced its first decision of 2023 for the Federal Funds rate today. An increase of 0.25 percentage points, taking rates between 4.50% and 4.75% was approved and adopted. This is now the eighth...
Local real estate agent gives outlook for 2023
Source: WBRC --- BIRMINGHAM, Ala. (WBRC) - 2023 is bringing promising news to homebuyers. Experts say home prices are beginning to stabilize after a few rocky years, but this year experts say prices will not be as daunting. “It has been a crazy, incredibly competitive...
UWM Announces One-Time Close New Construction Loans
February 1, 2023 (Staff Writer) – United Wholesale Mortgage (UWM), the #1 overall lender in America, announced it will be offering One-Time Close New Construction loans, making the new build period as seamless as possible. Available today, this product provides LO’s...
Offerpad Announces $90 Million Private Placement
February 1, 2023--(Staff Writer)--Offerpad Solutions Inc. (“Offerpad”, “Company”) (NYSE: OPAD), a leading real estate tech company built to simplify home buying and selling, announced today that it has entered into subscription agreements with a group of private...
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