Top Headlines
Sen. Elizabeth Warren Demands 75-Basis-Point Rate Cut from the Fed
“Delay puts too many jobs at risk and threatens our entire economy,” said Warren. Continue Reading Sen. Elizabeth Warren Demands 75-Basis-Point Rate Cut from the Fed
David M. Gillece, Baltimore-Area Development Director and Real Estate Executive, Dies at 74
“David was a civic leader who got the job done and he didn’t need any acclaim,” said Wally D. Pinkard Jr., former CEO of Colliers Pinkard. Continue Reading David M. Gillece, Baltimore-Area Development Director and Real Estate Executive, Dies at 74
Report: Community Bank Earnings to Drop By 12% Year-Over-Year
The report opined that community bank earnings will improve in 2025. Continue Reading Report: Community Bank Earnings to Drop By 12% Year-Over-Year
Dan Flavin, Louisiana Realtor and Lawmaker, Dies at 67
Flavin served in the Louisiana House of Representatives from 1996 to 2005. Continue Reading Dan Flavin, Louisiana Realtor and Lawmaker, Dies at 67
A Phil Hall Op-Ed: A 10% Mortgage Rate Under Trump?
Editor Phil Hall opines on Larry Summers’ warning on how Trump will impact the mortgage rates. Continue Reading A Phil Hall Op-Ed: A 10% Mortgage Rate Under Trump?
The Difference Between a 3% and 7% Mortgage Rate: $1,000 Per Month
Source: NAHB --- As the Federal Reserve continues to fight inflation, mortgage rates increased rapidly in 2022, starting the year at 3% and rising above 7% before dropping back to roughly 6.5% at the end of the year. How do rapidly rising mortgage rates affect housing...
What are mortgage origination fees?
Source: Fortune --- For most prospective home buyers, obtaining a mortgage is an essential part of the home buying process. And getting quotes from multiple lenders in order to ensure you secure the most competitive and affordable mortgage possible is nearly as...
Mortgage Lenders: The 2023 Purchase Market Is Your Moment
Source: Forbes --- It’s time for mortgage lenders to stop comparing 2022 volume and 2023 projections to the refinance-fueled record fundings of 2020 and 2021. The pandemic refi boom is long over, and while home buyers who need mortgages are still absorbing this year’s...
Divvy Homes review
Source: Bankrate --- If you dream of owning your own home but aren’t quite ready for a mortgage, Divvy could be an ideal option. The company’s rent-to-own business model aims to make homeownership more accessible to individuals with past financial challenges or...
Wells Fargo is retreating from the mortgage market it once led
Source: CNN Business --- New York(CNN)Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. The scandal-ridden bank announced a significant shift on Tuesday to focus its mortgage business on serving bank customers and...
Should I Consider 3.75% A Good Mortgage Rate?
Source: Value Walk --- Are you considering buying a home but unsure what mortgage rate to go with? Is 3.75% a good mortgage rate? It depends on several factors, including location and the market you are buying. 3.75% is considered a good mortgage rate. This number...
According to Ramit Sethi, These Are the Real Questions You Should Be Asking When Buying a Home
Source: The Ascent --- You don't want to rush into buying a home or make the decision to purchase for the wrong reasons. As a result, it's important to think carefully about certain key issues before moving forward with getting a mortgage and signing an agreement to...
Dave Ramsey Says You Should ‘Never’ Buy a House in This Situation. Here’s Why He’s Right
Source: The Ascent --- Buying a house is something many people look forward to. But, while this purchase can be one of the best of your life, it can also be one of the worst if you jump into property ownership before you are financially ready to take on a mortgage...
Mortgage payers face squeeze in 2023 after UK interest rate rises
Source: The Guardian --- Homeowners with mortgages will be among the biggest losers from the cost of living crisis in 2023 due to interest rate rises, while the wealthiest UK households will benefit from better returns on savings and investments, according to analysis...
Housing market: More and more home sellers dangle incentives to get buyers, study finds
Source: Yahoo! News --- The share of home sellers offering concessions to close a deal jumped in the final three months of 2022, a new report found. That was before sellers resorted to cutting their listing price to attract buyers. Approximately 42% of homes sold in...
