Top Headlines
Ex-Baltimore Prosecutor Seeks Overturn of Mortgage Fraud Conviction
Marilyn Mosby was sentenced to 12 months of home confinement, which she began in June. Continue Reading Ex-Baltimore Prosecutor Seeks Overturn of Mortgage Fraud Conviction
Epique Realty Expands into New Mexico and Utah
The company has hired William Lambert as the state broker for both markets. Continue Reading Epique Realty Expands into New Mexico and Utah
NYC Reopens Section 8 Housing Wait List After 15-Year Closure
“Addressing our city’s housing crisis means using every tool our city has,” said Mayor Eric Adams. Continue Reading NYC Reopens Section 8 Housing Wait List After 15-Year Closure
Lowe’s Launches In-Store Kitchen Design Pilot with Apple Vision Pro
A test pilot will be held this month in three markets. Continue Reading Lowe’s Launches In-Store Kitchen Design Pilot with Apple Vision Pro
National Apartment Association Pushes Back on Biden’s Remarks About Rental Housing
“It’s far past time to remove politics from housing and help America’s renters,” the group said. Continue Reading National Apartment Association Pushes Back on Biden’s Remarks About Rental Housing
Mortgage rates fall for the fourth week in a row
Source: CNN --- Mortgage rates dipped again this week, dropping for the fourth week in a row. The 30-year fixed-rate mortgage averaged 6.33% in the week ending December 8, down from 6.49% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate...
Fitch Ratings reveals how much US house prices will drop in 2023
Source: MPA Mag --- US home prices are set to fall by 5% next year in line with substantial price falls in housing markets across the globe, according to a new report by Fitch Ratings. The ‘Global Housing and Mortgage Outlook – 2023’, which analyzed housing markets...
How does mortgage refinancing work?
Source: CBS News --- Refinancing your mortgage can be a great way to save money and improve your personal finances. With a refinancing, you replace your current mortgage with a new loan. The refi loan is used to pay off your old mortgage, and then you move forward...
Mortgage rates dropping as interest hikes could soon slow: Freddie Mac
Source: Fox Business --- The average 30-year mortgage rate decreased this week for the third consecutive week as markets gain confidence that interest rate spikes will slow in 2023, according to a new report by Freddie Mac. The average 30-year fixed-rate mortgage...
December Mortgage Rates May Seek Calm After Turbulent Year
Source: NerdWallet --- December mortgage rates forecast Interest rates on fixed-rate mortgages could stabilize or even drift lower in December. Lower mortgage rates would be a welcome respite to conclude a tumultuous year in which rising rates strained people's...
Dave Stevens on understanding this housing market
Source: Housing Wire --- I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to think like I did when I was a top loan originator...
Mortgage demand falls again even as rates sink further
Source: CNBC --- Lower mortgage rates are pulling some current homeowners back to the refinance market, but not enough to offset the drop in demand from homebuyers. Mortgage application volume fell 1.9% last week compared with the previous week, according to the...
OneTrust Home Loans: About HECM reverse mortgages
Source: The Sentinel-Record --- What is a HECM reverse mortgage? Home Equity Conversion Mortgages, also known as reverse mortgage loans, were created more than 25 years ago to help Americans age 62 and older convert a portion of their home equity into tax-free money....
Most Affordable Housing Market In America
Source: 24/7 Wall St --- The housing market’s days of increasing prices every month are over. A two-year period when home prices rose by 20% each month year over year has been undermined by high mortgage rates that have doubled to about 6%. Affordability, defined...
9 Most Common Benefits of Homeownership
When it comes to buying a home, there are numerous perks that you should consider—financial stability, financial strength, and tax deductions, to name a few. Also, owning a house means you have a permanent home and, most importantly, a sense of belonging in your...
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