Mortgage applications up 5.5%, as fear of rising rates triggers homebuying surge
A postelection spike in mortgage rates may have scared potential homebuyers into a contract before rates move even higher. Source link …Read More
Real Estate News
Mortgage rates keep rising after Trump's election, threatening home affordability
Long-term U.S. mortgage rates continued to surge this week in the aftermath of the election of Donald Trump as president. Mortgage giant Freddie Mac said Wednesday that the average rate on a 30-year fixed rate loan shot up to 4.03%, the …Read More
[Video] To the future HUD Secretary, here’s a piece of advice from a former HUD Secretary
Regardless of who is selected to be the future secretary of the Department of Housing and Urban Development, Former HUD Secretary Henry Cisneros has one key piece of advice that he would give to the next person that sits …Read More
Tiny home living is having a moment
Some cities are changing the rules to allow tiny homes, either on individual lots or in tiny home subdivisions. Source link …Read More
Why Foreclosures are Never-ending Credit Nightmares
The popular belief that the seven million Americans who lost their homes to foreclosure during the Housing Crash are healed, whole and forgiven of their debts after seven years have passed is only partly true. For foreclosures, Fannie Mae and Freddie …Read More
Homebuilder sentiment holds steady, could change post-election
Homebuilders continue to have a positive outlook on their market, but no more positive than last month. Source link …Read More
It's in titleholders own best interest to make sure HOAs have all their addresses
Question: My daughter just learned that her homeowner association is foreclosing on her condominium, but she was never served with notice. Doesn’t she have to be personally served? Also, the board told her she did not comply with a legal …Read More
OCC slaps serious sanctions on Wells Fargo as fake account fallout continues
On Friday evening, the Office of the Comptroller of the Currency slapped a series of sanctions on Wells Fargo that were previously excluded from its settlement with the megabank over the fake account scandal that recently shrouded the bank …Read More
Mortgage rates jump post-election
The average interest rate on a 30-year mortgage increased to 3.94% last week. Source link …Read More
Are Trophy Homes Losing their Lustre?
With pressure on the homebuilding industry to build fewer trophy homes and concentrate on filling the demand for affordable housing, the data does not bode well for builders. Median prices of new homes have risen steadily during the recession. In September, …Read More