Top Headlines
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
Gov. Newsom Orders California Agencies to Dismantle Homeless Encampments
“The state has been hard at work to address this crisis on our streets,” Newsom said in a statement. Continue Reading Gov. Newsom Orders California Agencies to Dismantle Homeless Encampments
NY Fed: Americans Expect Home Prices to Keep Rising
The median inflation rate is expected to be 3.3% one year from now, up from 3% in last month’s report. Continue Reading NY Fed: Americans Expect Home Prices to Keep Rising
WFG Taps Dan Hassan at SVP and Southwest Region Manager
Prior to joining WFG, Hassen was national agency manager at National Title Insurance Company. Continue Reading WFG Taps Dan Hassan at SVP and Southwest Region Manager
Multifamily Developer Confidence Down During Q1
NAHB Chief Economist Robert Dietz forecasted that “multifamily starts will fall 28% this year as developer activity slows.” Continue Reading Multifamily Developer Confidence Down During Q1
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...
Bank of America CEO pushes back on criticisms of zero-down mortgages for minority communities
Source: Fox News --- North Carolina-based Bank of America recently came under fire over a reported plan to offer zero-down mortgages in minority communities, with some critics lodging complaints over the racial aspect, while others warned it reminded them of the...
Are we seeing a mortgage rate lockdown?
Source: Housing Wire --- The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. This is something I’ve never believed in because we...
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