Condo Buying Challenges
Real estate agents, condo associations and mortgage brokers say the new rules from Fannie Mae and Freddie Mac are having a chilling effect on the market.
July 20, 2022
Proposed VA appraisal law looks to even the playing field
The piece of legislation would allow for desktop appraisals, and in some circumstances, wave appraisals all together.
June 3, 2022
Qualifying with Medical Collections Just Became Easier
Debts that are paid off after they go to collections will be removed, instead of staying on credit reports for up to seven years, Equifax, Experian and TransUnion announced.
March 21, 2022
What Home Prices Will Look Like In 2023
Heading into 2022, there was a broad consensus in the real estate industry that home price growth would decelerate significantly this year. But just over two months into the new year, some of those same firms are walking back their 2022 forecasts. Zillow was forecasting that home price growth—which was up 18.8% between December 2020 and December 2021—would decelerate to 11% growth this year. Then last month, Zillow revised that rate up to 17.3%.
March 9, 2022
The True Cost of Homeownership
For many Americans, homeownership conjures thoughts of comfort and financial security.
But that optimism can evaporate if a first-time home buyer isn’t prepared for unexpected costs. Among the 1,000 homeowners we surveyed, 52% admit the true cost of owning a home surprised them
February 25, 2022
How The 10-Year U.S. Treasury Note Impacts Mortgage Rates
Historically, the 10-year U.S. Treasury yield has been considered a key benchmark for mortgage rates. However, mortgage rates are not actually based on the 10-year U.S. Treasury note (as is commonly believed).
Fixed mortgage rates and Treasury yields generally move together. Why? As a fixed-rate asset, mortgage-backed securities (MBS) are in direct competition with Treasury instruments for investor money.
February 17, 2022
40% Of Americans Are Considering A Move In 2022
Plenty of Americans are expected to move in 2022, seeking more space to accommodate their new remote working lifestyle. Nearly half of these on-the-go consumers hope to realize their homeownership dreams, according to the latest LendingTree survey. Over 50% of them say they need a Fido-friendly house, while a little less than half require outdoor space to call their own.
LendingTree surveyed 2,100 U.S. consumers to ask about potential relocation plans, refinancing and renovation aspirations for 2022. The key takeaway from the survey was about 40% of Americans are considering a move in 2022.
February 9, 2022
Fixed Mortgage Rates Hit 20-Month High
What a difference a year makes. One year ago this week, the 30-year fixed mortgage rate sank to its lowest level in history. This week, fixed mortgage rates followed long-term bond yields and rose to their highest levels in 20 months.
January 6, 2022