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Home Flips Are Up, But Raw Profits Hit 13-Year Low
Source: National Mortgage Professional --- ATTOM released its first-quarter 2022 U.S. Home Flipping Report showing that home flips are up in the first quarter, while profits have sunk to a 13-year low. The report shows 114,706 single-family houses and condominiums in...
JPMorgan lays off hundreds, citing ‘cyclical changes’ in housing mortgage market
Source: Deseret News --- The biggest U.S. bank, JPMorgan Chase & Co., has started laying off employees as the U.S. housing market continues to cool amid rising mortgage rates. The decision will impact more than 1,000 employees, about half of which will be moved to...
Housing-affordability crunch time is at hand
Source: Sun Gazette --- Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. Demand for homes has pulled back in response, easing price growth, slowing sales and boosting...
Things To Avoid After Applying for a Home Loan
Source: Keeping Current Matters --- Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind. While it’s exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few...
Mortgages Update: Fifth Of Mortgage Payments At Risk
Source: Forbes UK --- One fifth (20%) of UK homeowners say they are unsure how they will afford their next mortgage payment, according to a recent survey by our online mortgage broker partner, Trussle. The online survey gathered responses from 2,000 homeowners across...
The Average Homeowner Gained $64K in Equity over the Past Year
Source: Keeping Current Matters --- If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you’re building...
