Top Headlines
$4 Billion Settlement Reached in Maui Wildfires Devastation
“This global settlement of over $4 billion will help our people heal,” said Gov. Josh Green. Continue Reading $4 Billion Settlement Reached in Maui Wildfires Devastation
Massachusetts Governor Warns Steward Health Care on Hospital Closings
“I’ve been clear with Steward, they need to stay open for 120 days,” Healey said. Continue Reading Massachusetts Governor Warns Steward Health Care on Hospital Closings
Iowa Realtors to Offer Financial Assistance to Residents Impacted by Tornadoes
The relief grants are contingent upon the availability of funds. Continue Reading Iowa Realtors to Offer Financial Assistance to Residents Impacted by Tornadoes
Mortgage Advisory Firms Stratmor Group and Teraverde Announce Merger
Both firms will operate under the Stratmor brand. Continue Reading Mortgage Advisory Firms Stratmor Group and Teraverde Announce Merger
Donald R. Horton, Founder and Chairman of Homebuilder D.R. Horton, Dies at 74
Horton served as the company’s chairman since it was formed in July 1991. Continue Reading Donald R. Horton, Founder and Chairman of Homebuilder D.R. Horton, Dies at 74
The US housing market’s stagnation has gotten even worse
Source: Quartz--- The meteoric rise of mortgage rates has zipped past another milestone this year. For the first time since April 2002, the 30-year fixed-rate mortgage (FRM) topped 7% this week, according to data from Federal Home Loan Mortgage Corporation (Freddie...
The Reason Home Prices Are Finally Dropping
Source: Slate --- This article is from Full Stack Economics, a newsletter about the economy, technology, and public policy. In March 2021, a woman in the D.C. area put her house on the market and got 88 bids—including 76 all-cash offers and 15 from people who hadn’t...
Paying Cash for Your Home Is a Bad Idea for These 4 Reasons
Source: The Motley Fool --- After rock-bottom interest rates during the first phase of the COVID-19 pandemic, the mortgage chickens have finally come home to roost. In October 2021, the average U.S. mortgage interest rate for a 30-year fixed-rate mortgage was just...
Options available to offset higher mortgage rates
Source: Salem News --- American homeowners are feeling the pinch as the Federal Reserve continues to ratchet up interest rates to combat inflation. The average rate for a 30-year fixed rate mortgage rose above 6% this month for the first time since 2008, putting both...
Home prices are finally falling. But how low will they go?
Source: CNN --- The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked and are on their way back down. But what homebuyers and homeowners alike want to know is: How much lower will prices...
Study finds middle-income housing fund outperforms high-dollar real estate
Source: Austin Monitor --- An Austin investment fund created to support and stabilize middle-income rental housing has been verified as an attractive and viable investment by researchers from two Texas universities. Affordable Central Texas, which began acquiring...
How to get the most out of mortgage conferences
Source: Housing Wire --- Conference season is here in full force. After a one-to-two-year break from in-person events due to the COVID-19 pandemic, it can be challenging to navigate the slew of mortgage conferences that hit the industry each fall. For some, conference...
Dave Ramsey Says These Are the 3 Biggest Downsides of Owning Your Own Home
Source: The Motley Fool --- If you're excited about buying a home, you're probably thinking about all of the advantages of ownership. And there are plenty. You can personalize your space, of course. And your mortgage payments will help you build equity and acquire...
When to expect the housing market downturn to conclude, according to Wells Fargo
Source: Yahoo Finance --- Historically speaking, most U.S. recessions arrive after a period of rate tightening by the Federal Reserve. As the Fed raises interest rates to tame inflation, it begins to cause economic activity to contract. Of course, “Fed-induced...
Fed’s rate debate shifts to how, and when, to slow down
Source: Reuters --- WASHINGTON, Oct 21 (Reuters) - The Federal Reserve, set to approve another large interest rate increase early next month, is shifting to a debate over how much higher it can safely push borrowing costs and how and when to slow the pace of future...
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