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Leonardo Ramos Named VP/CRA Officer at Provident Bank
Prior to joining Provident Bank, he served as senior vice president and sales manager with Columbia Bank. Continue Reading Leonardo Ramos Named VP/CRA Officer at Provident Bank
United Real Estate Merges with Dallas-Based Brokerage
United Real Estate announced the merger of its Dallas-based division with REAL Dallas Properties & Management, a union that will add 70 agents to United's Dallas operations and expanding its North Texas presence to more than 800 agents. According to the companies,...
Anywhere, Keller Williams and RE/MAX Receive Court OK on Settlement Agreements
The companies noted the settlements are not an admission of wrongdoing or liability. Continue Reading Anywhere, Keller Williams and RE/MAX Receive Court OK on Settlement Agreements
Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements
District Court Judge Andrea R. Wood said the request was “neither necessary nor appropriate.” Continue Reading Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements
Massachusetts Governor Proposes ‘Mansion Tax’ to Fund Affordable Housing Projects
The average Massachusetts home value is $612,509, up 8.7% over the past year. Continue Reading Massachusetts Governor Proposes ‘Mansion Tax’ to Fund Affordable Housing Projects
The 7 Best Reverse Mortgage Alternatives
Source: Entrepreneur --- Reverse mortgages let older homeowners cash out their home equity without selling their residences or taking on debt payments. However, the loans have costs and eligibility restrictions that can cause other solutions to be more favorable. If...
Citi to Expand Program Making Homeownership More Attainable
Source: The Motley Fool --- Buying a home can be challenging for low- and moderate-income mortgage applicants for a number of reasons. First, those who don't earn a lot of money often struggle to come up with funds for a down payment. Also, mortgage applicants with...
Home prices are falling in these 98 major housing markets—only 50 markets remain at the peak
Source: Fortune --- Not long after mortgage rates spiked this spring, the U.S. housing market slipped into what the industry likes to call a housing recession. It means housing activity levels, like home sales, are contracting sharply. That’s hardly surprising:...
5 things to consider if you’re choosing between a 15-year and a 30-year mortgage
Source: CNBC --- One of the most important parts of taking on a mortgage to buy a house is making sure the terms of the loan best suit your financial needs. Not only does this involve securing the lowest interest rate possible, it also means choosing the right...
Liz Weston: Should you tap your home equity as real estate values rise?
Source: Oregon Live --- Soaring real estate values mean many homeowners are awash in equity — the difference between what they owe and what their homes are worth. The average-priced home is up 42% since the start of the pandemic, and the average homeowner with a...
‘Housing correction’ is coming. What homeowners, buyers and sellers should know.
Source: M Live --- Coming out of the pandemic shutdown lit the match for housing demand, and it’s been burning hot for nearly two years straight — but a housing correction is finally on the horizon. Two-thirds of the nation’s largest housing markets are overvalued,...
Adjustable rate mortgages are back
Source: Maine Public --- ARI SHAPIRO, HOST: With mortgage rates up sharply, a lot more homebuyers are turning to adjustable-rate loans. These can be more affordable - at least at first - but they come with a big risk - that your mortgage payment might go up a lot in...
Current Refinance Rates: September 6, 2022—Current Refinance Rates Inch Down
Source: Forbes --- The rate on a 30-year fixed refinance decreased today. The average rate on a 30-year fixed mortgage refinance is 6.04%, according to Bankrate.com, while the average rate on a 15-year mortgage refinance is 5.22%. On a 20-year mortgage refinance, the...
Mortgage Rates in September: A Smooth Ride, Then Turbulence
Source: Nerd Wallet --- September mortgage rates forecast Interest rates on fixed-rate mortgages are likely to remain fairly stable in the first three weeks of September. The forecast gets murkier at the end of the month. That's because the Federal Reserve will...
‘Sugar Hit’: Banks Benefit As Savings Rate Rises Lag Mortgages
Source: News AZI --- Macquarie analyst Victor German last week said deposit pricing was giving banks a “sugar hit,” at the same time as loan growth in their mortgage businesses slowed. “In the short term, banks continue to benefit from highly lucrative retail deposit...
