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Reverse mortgages explained
Source: Observer Reporter --- Q. With reference to a recent column in which the reader said she had lost her home to a reverse mortgage, there are two primary ways this can happen, and I want to explain how to avoid this so that it never happens to any other reader....
Nearly 1/4 Americans Are Looking to Move. These Are the Cities They’re Leaving and Why
Source: The Ascent --- I'm moving. The dates are squishy, but it's decided. By the first half of 2023, my friend and I are high-tailing it from Los Angeles, California, to the Portland, Oregon, region. As much as we love our beaches cooked sunny-side up, it's too...
mortgages Zero-down loans for homebuyers preparing to go expansion route
Source: Insurance News Net --- Nearly a year into a special lending program aimed at underserved homebuyers, the initiative is soon to expand from a few banks to mainstream, nonbanking lenders. Could these good intentions be the beginning of our next lending debacle?”...
Where home prices are headed in 2023—this map shows CoreLogic’s revised outlook for 392 housing markets
Source: Fortune --- When a buttoned-up Fed economist says the U.S. housing market has entered into a “difficult [housing correction”], it’d be wise to believe them. When it comes from the lips of Fed Chair Jerome Powell, it’s more of a warning. Powell is right: Not...
Thinking of Buying a Home? Here’s Why You Should Offer Less Than Asking
Source: The Ascent --- 2022 has been a bad year to be an aspiring homeowner (and until fairly recently, it was a pretty good year to be a home seller). And it's not clear whether it will get easier in 2023, either. That said, the housing market tide may be starting to...
Mortgage rates just took the biggest plunge since 1981 — but analysts say the market is ‘not out of the woods yet’
Source: Yahoo! Finance --- Mortgage rates tumbled by their biggest weekly drop in four decades after new data suggested inflation could be starting to cool. Consumer prices rose by 7.7% in October — a slower pace than economists predicted — and the average rate on a...
