Top Headlines
MBA: Home Equity Lending Volume Remains Relatively Flat
Total originations of open-ended HELOCs and closed-end home equity loans increased to $2.13 billion per company in 2023. Continue Reading MBA: Home Equity Lending Volume Remains Relatively Flat
Leadership Shifts at SmartRent
John Dorman, the board’s lead independent director, has been appointed chairman of the board. Continue Reading Leadership Shifts at SmartRent
Guest Opinion: All’s Mostly Well in the US Banking System
In response to rising delinquencies, banks have increased loan loss provisions. Continue Reading Guest Opinion: All’s Mostly Well in the US Banking System
Minnesota AG Sues Realtor Over Alleged Predatory Lending and Anti-Muslim Bias
Chadwick Banken alleged offered “significantly worse terms” for Muslim customers. Continue Reading Minnesota AG Sues Realtor Over Alleged Predatory Lending and Anti-Muslim Bias
Real Estate Developer Frank McCourt Leads ‘People’s Bid’ to Acquire TikTok
“The foundation of our digital infrastructure is broken, and it’s time to fix it,” said McCourt. Continue Reading Real Estate Developer Frank McCourt Leads ‘People’s Bid’ to Acquire TikTok
Commercial Mortgages: Why apartment rental rates keep growing
Source: Richmond Times Dispatch --- Martha and the Vandellas probably were not singing about financial markets in their 1965 hit “Nowhere to run ... nowhere to hide,” but the song describes the feeling in the market for just about everyone. The possible exceptions...
3 Steps to Stress-Free Home Buying
Source: The Motley Fool --- If you're buying a home, you're making one of the biggest financial commitments of your life. You want to be sure you're in the right place financially to do so -- and that you make smart decisions during the home-buying process. This can...
Adjustable-rate mortgages are on the rise as interest rates soar
Source: Billings Gazette --- As interest rates shoot up, some buyers are turning to a different, and slightly more risky type of mortgage. Adjustable-rate mortgages, known as ARMs, have seen an uptick in popularity recently as home shoppers, eager to avoid soaring...
5 factors that affect your mortgage rates
Source: CBS News --- Interest is the cost you pay to borrow money. And though it's just one part of your monthly mortgage payments, it can often amount to significant costs over time and affect how much mortgage you can afford. Understanding how your mortgage...
Cash still king as nearly a third of homebuyers spurn costly mortgages
Source: Inman --- All-cash home purchases in the U.S. hit 31.4 percent of all transactions in July 2022, just short of an eight-year high reached in February 2022, according to new data released Friday by Redfin.
Mortgages: Why Now is a Good Time to Buy a Home
Source: Fox17 --- If you’re in the market to find a new house, higher interest rates and prices may have you concerned. MSUFCU Chief Marketing Officer, Deidre Davis, talks about why it’s still a great time to buy a home and how you can prepare. According to MSUFCU,...
Behind on your mortgage? 6 ways to catch up
Source: Bankrate --- With interest rates rising in an effort to curb inflation and recession fears escalating, you may find yourself worrying about what happens if you fall behind on your mortgage. The percentage of mortgages 30 or more days delinquent but not in...
The biggest Fed rate hike in 40 years? It could be coming next week.
Source: Market Watch --- Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key U.S. interest rate in more than 40...
Thinking About Rolling Closing Costs Into a Mortgage? Consider These Pros and Cons
Source: The Motley Fool --- When you purchase a home you are going to have to pay closing costs. These are fees for things like mortgage origination and transfer taxes. And they can be quite expensive. In fact, you can expect to pay around 2% to 5% of the value of the...
Mortgage Rates Spike Again to Highest Levels Since 2008
Source: US News Money --- Mortgage rates surged higher this week, according to Freddie Mac, continuing a monthlong trend of rate increases. The average interest rate on a fixed 30-year mortgage is the highest it's been since 2008, at 5.89%. For the 15-year fixed...
Recent Posts
Homeownership Affordability Near 4-Year High, But Can it Last?- White House Confers with House GOP on CFPB’s Future
- Report: Senators Opposed to Housing Reform Bill Received Hefty Donations fr…
- Rory Golod Named President of Growth at Compass
- More Than Half of Homes for Sale on the Market for At Least 60 Days
