Subscribe to Email News Updates
U.S. Mortgage Industry Reacts to Federal Reserve’s FOMC Statement
Source: World Property Journal --- The Mortgage Bankers Association SVP and Chief Economist Mike Fratantoni issued the following comments in reaction to the Federal Reserve's recent FOMC statement on monetary policy and the economy: "There were two items to watch from...
Century 21 CEO warns US didn’t ‘build enough homes’ for this ‘pent-up’ demand
Source: Fox Business --- Even though mortgage rates are rising at their highest pace since 1994, Century 21 CEO Mike Miedler argued that’s not the biggest problem facing the real estate market on "Mornings with Maria" Thursday. "Honestly, we just have not built enough...
Below the Hollywood Sign, a Once ‘Private, Secret’ Enclave Becomes a Home-Buying Hotspot in Los Angeles
Source: Wall Street Journal --- It’s 9 a.m. on an April Sunday, and Eric Smith is drinking tea, looking out over the city of Los Angeles from the balcony of his two-level, midcentury modern in a tree-filled, mountainous neighborhood called Hollywoodland—just a few...
Migration Hotspots in the Sun Belt Are Home to the Nation’s Highest Inflation Rates
Source: Redfin --- An influx of people moving into Phoenix, Tampa and Atlanta has led to rapidly rising home prices, one contributor to outsized inflation in those areas. Those Sun Belt metros are still relatively affordable, but scores of new residents and high...
As mortgage rates rise, here’s how to decide whether you should buy a home or rent
Source: CNBC --- It’s becoming harder to afford a home. Prices are up almost 20% year over year, and mortgage rates are soaring. The rate for a 30-year fixed loan is now 5.57%, according to Mortgage News Daily, up from 3.29% at the start of the year. At the same...
‘The Pandemic Boom in Home Sales Is Over’: Mortgage Rates Soar to Highest Level Since 2009 as the Fed Pressures the Housing Market
Source: Realtor.com --- Mortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded. The 30-year fixed-rate mortgage averaged 5.27% for the week ending May 5, according to data released by Freddie...
Recent Posts
NYC Homeowners Sue to Delay Mamdani’s Pied-à-Terre Tax Rollout- Historic Maine Home Available for $1, Albeit with a Catch
- Arkansas Man Sentenced for Trying to Sell Property He Didn’t Own
- Sen. Elizabeth Warren Questions Compass and MRED Over Private Listings Plan…
- New Bill Seeks to Establish Portable Mortgages
