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Mortgage rate locks tumble amid sharp rate rise
Source: Housing Wire --- Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates, reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. Total mortgage rate locks by dollar volume...
MILLENNIAL BUYERS VS. HOUSING MARKET: THE STRUGGLE TO FIND A HOME
Source: RisMedia --- The National Association of REALTORS® (NAR) has recently completed its long-running “Generational Trends” survey to provide intriguing information on the trends impacting home buyers and sellers by generation. Seeing how different generations...
Locked Means Locked
What does locking a rate do for clients? It keeps these rates in check. Some lenders that I use even let me lock and shop. What does that do? It lets the borrowers lock a rate in a rate for up to 90 days and then continue to shop for their homes. Continue Reading Locked Means Locked
Why Some Rate Quotes Are So Different And Why “Points” Are On The Rise
Source: Mortgage News Daily --- It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually risen? There’s a correct answer and then there’s the answer that can be gleaned from widespread...
Appraised Value vs. Market Value: They Are Not the Same!
By Dan Harkey Real Estate & Private Money Finance Consultant m: 949 533-8315 | e: [email protected] There are multiple methods for determining a property’s value, including market value and appraised value. There are also numerous definitions of value conclusions...
TO BEST SERVE CONSUMERS, REALTORS® MUST HAVE THEIR OWN FINANCIAL HOUSE IN ORDER
Source: RisMedia --- A quick look at the U.S. housing market earlier this winter indicated some cooling from the early days of the pandemic. In February, the National Association of REALTORS® (NAR) reported that existing home sales were down 7.2%. This came on the...
