Apr 7, 2022 | Economy, Latest News
Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation, the war in Ukraine, and disruptions to the supply chain. And bad news for homebuyers:...
Apr 6, 2022 | Economy, Latest News
Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective...
Apr 6, 2022 | Finance, Latest News
You can’t spend too much time reading/watching the news recently without being well aware of the relatively unprecedented surge in mortgage rates seen so far in 2022. In particular, the month of March was one the worst on record with one individual week in...
Apr 6, 2022 | Economy, Latest News
Survey: 44% of Gen Z (18-25) and 35% of millennials (26-41) say they’ll sell their starter home this year. Many have lots of equity and a fear of rising mortgage rates. Millennials and their younger Gen Z cohorts are showing an increased interest in moving. Many of...
Apr 6, 2022 | Finance, Latest News
A 40-year loan mandates a lot of interest payments and a slow build for equity, but FHA says it will prevent thousands of foreclosures, making that a fair tradeoff. The Federal Housing Administration (FHA) introduced a 40-year loan modification option, and it’s asking...
Apr 1, 2022 | Economy, Latest News
Today, the Bureau of Labor Statistics reported that the United States Of America created 431,000 jobs in March. We also had 95,000 positive revisions, and although this was a slight miss of estimates, it continues the solid trend of good job reports in 2022. On...
