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Higher rates coming for high-balance and second home loans
Source: The Mortgage Reports --- The Federal Housing Finance Agency announced it will increase fees on certain home loans starting Apr. 1, 2022. These new upfront fees will affect high–balance and second home mortgages sold to Fannie Mae and Freddie Mac. And, as is...
Communities around U.S. saw significant real estate price increases last month
Source: Manistee News Advocate --- Homes across the country are seeing listing price increases as we ride into the new year. The nation saw an increase of 10% in listing prices for the last month of 2021. This was an increase from the 8.6% rate in November, according...
‘The Prepared Agent’ workshop teaches real estate agents how to stay safe on the job
Source: Wavy.com --- VIRGINIA BEACH, Va. (WAVY) — It’s been almost three months since a local real estate agent was killed on the job in Portsmouth. The tragedy motivated two local experts to take action. Now, they’re on a mission to keep other agents safe. Their new...
Mortgage Rates Hit Highest Levels Since Spring 2020
Source: The Wall Street Journal --- U.S. mortgage rates this week rose to their highest levels since May 2020, driving up the costs associated with home buying at a time when home-sales prices are already near record highs. The average rate for a 30-year fixed-rate...
Real estate writing: An agent’s guide to grammar
Source: Inman --- Clear and correct communication in all of your real estate transactions helps you to look more professional and competent to clients, colleagues and the general public — in other words, potential clients. Here’s how to make sure you’re always putting...
Should you rent or buy a home? Prices are surging in both cases, which makes it complicated
Source: CNBC --- Home prices are rising faster than rents, which is shrinking the affordability gap between being a homeowner and a tenant. Median-priced, single-family homes are less affordable in just over three quarters of the nation — the highest total in 13...
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