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Mortgage rates surge to highest level since May 2020
Source: Fox Business --- Mortgage rates surged at the start of 2022 to the highest level in nearly two years as markets reacted to the news that the Federal Reserve is considering raising rates soon, according to the latest data from Freddie Mac. The 30-year...
Low Inventory May Push Local Real Estate Prices Even Higher
Source: HawaiiBusiness Magazine--- As Hawai‘i begins 2022, the residential real estate market in the Islands, especially on O‘ahu, continues to set records with no signs of abating. Chad Takesue, 2022 president of the Honolulu Board of Realtors and a partner at real...
A pickup in purchases or a sales slowdown? Experts split on what to expect
Source: Scotsman Guide --- Will an influx of new inventory push home sales in 2022, or will falling affordability push buyers to the sidelines and dampen activity? A new Zillow poll has revealed that economists and housing industry observers are split on where the...
Top 12 must-read real estate books of 2021
Source: Inman --- Improving your skills? Starting a book club? Here are the top real estate reads that’ll help you get better at everything — from sharpening your communication chops to upping your Facebook advertising game.
Purchase loans drive mortgage applications higher
Source: Housing Wire --- Mortgage applications climbed 1.4% for the week ending Jan. 7, 2022, according to a survey published by the Mortgage Bankers Association this week. The growth was buoyed by a 2% increase in the trade group’s seasonally adjusted purchase index,...
Fear of even higher mortgage rates may be heating up winter homebuying
Source: CNBC --- Mortgage rates have moved to their highest level in more than a year, and that may have potential homebuyers nervous that their affordability window is closing faster than expected. Home prices are still gaining, and winter is historically the slowest...
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