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Mortgage rates rebound as US economy comes to grips with an ‘uncomfortable’ future
Source: Yahoo Finance --- After a two-week break, U.S. mortgage rates began climbing again this week, a new report shows. The higher 30-year fixed-rate mortgage is becoming yet another headwind for the shaky economy amid the Federal Reserve’s war on inflation. The...
Portfolio mortgage lenders: What are they and how do you find one?
Source: Bankrate --- Portfolio lenders make loans in the usual way to consumers, but rather than sell the mortgages to agencies like Fannie Mae and Freddie Mac, they keep the loans on their books and often service them as well. Some 30 percent of all mortgages are...
Housing Market Update: Prices Begin to Fall from Record Highs
Source: Redfin --- Inflation and high mortgage rates are taking a bite out of homebuyer budgets, leading to fewer sales and supply gains. The median sale price for U.S. homes came down 0.7% from its record-breaking June peak during the four weeks ending July 10....
These are the 5 markets where home sales are cooling fastest: Sellers need to be ‘realistic’ about price, says broker
Source: CNBC --- After the frenzy of bidding wars, the U.S. housing market is starting to cool, particularly along the West Coast, as mortgage interest rates rise. That’s forcing some sellers to adjust. “Sellers have to be more realistic,” said Bill Kowalczuk, real...
WHY MENTORSHIP MATTERS FOR A NEW AGENT’S GROWTH
Source: RisMedia --- Starting out in the world of real estate is an exciting venture for anyone looking to be their own boss and make their mark as an entrepreneur. But even if newer agents feel they are ready to take the world by storm, having an experienced mentor...
Current State of the Housing Market
Source: Calculated Risk --- ...We are seeing a clear slowing in the housing market, with more price reductions, more inventory, and fewer sales. It will take some time to see the impact on house price growth, but that is coming too. Next week, existing home sales will...
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