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Black buyers are getting squeezed out of the hot housing market
...expensive for American families, with record high home prices and now skyrocketing mortgage rates, still well above 5%. The typical monthly mortgage payment for a purchased property is up more......

Impressive 140-Acre Estate In The Heart Of Virginia Asks $11 Million
...$10.9 million. The estate is a rarity in the current local housing market. “Upper-bracket homes, such as this one, typically fall into their own category,” says Talout, who cites only one other......

Mortgage rate deals for week ending May 21, 2022: Top offers from lenders
...a drop of more than 10 basis points from last week. But, mortgage rates are still trending high, so it remains important to shop around if you want to find a good deal for either a new mortgage......

Factory boom, credit card debt defaults and housing
...indicators in factory production, loan delinquencies and the housing market to get a sense of the current landscape of the......

Fixed vs adjustable-rate mortgages: What’s the difference?
...around $1,799, not including insurance or taxes. Pros of a fixed-rate mortgage Rates and payments remain constant. Stability makes budgeting easier. Homeowners can manage their money with......

Buyer Outlook Positive for Upcoming Quarter
...20, 2022 While many industry analysts have expected increasing hesitation in the housing market, buyers largely remain optimistic, a new report says. About 28% of 5,000 prospective home buyers......

Rate Increases Felt Most by Younger Adults
...20, 2022 A third of homeowners recently surveyed by LendingTree say that mortgage rates are affecting their home purchase time lines, and young adults seem to be in the biggest hurry, a new......

Fixed-Rate Mortgages Dip but ARMs Rise
...is likely to continue.” Freddie Mac reports the following national averages with mortgage rates for the week ending May 19: 30-year fixed-rate mortgages: averaged 5.25%, with an average 0.9......

Pennymac laying off 190 more workers, including 69 LOs
...terminated effective in May. "Following a measurable industry-wide reduction in U.S. mortgage applications, originations and refinancing, Pennymac is continuing an ongoing review of its operational......

Halstatt Real Estate JV Sells 299-Unit LSU Student Property
...while year-over-year enrollment growth was at 7 percent. The Baton Rouge student housing market has had its share of activity over the past year. At the end of 2021, Versity Investments acquired......

The Daily Money: First Target, now Kohl's with weak earnings reports
...worry more on summer vacation this year. But they won't cancel. Home sales still stumble as mortgage rates keep climbing Sales of previously occupied U.S. homes slowed for the third consecutive......

How To Make Money From Rising Bond Yields
...need to monitor besides CPI and PPI are new housing starts, existing home sales, new automobile sales and used car sales. Oh, and it’s not a bad idea to keep an eye on retail sales. Since we......

Today’s refi rates slide : May 20, 2022
...moves to contain inflation. Most experts predict rates will jump through 2022. “Mortgage rates continue to surge, as they have since the beginning of the year, as the outlook takes shape for......

Today’s best mortgage and refinance rates, May 20, 2022 | Most rates fall
National mortgage rates were mostly down compared to a week ago, according to data compiled by Bankrate. Rates for 30-year fixed, 15-year fixed and jumbo loans declined, while rates for adjustable......

How to buy land to build your dream house on
...maybe you’re frustrated by the current lack of inventory in the housing market, and are considering building a house from scratch. You’re certainly not alone — more than 1.8 million building......

Startup Valuations Now: Are We In A Bubble?
...rather than later. That's how other market bubbles work (think the housing market bubble and the dot com crash), but the current VC situation isn't the same. Startup valuations are more stable......

Here Are Today's Mortgage Rates on May 20, 2022: Rates Cool Off
Mortgages Today quite a few important mortgage rates moved down, though rates are expected to rise this year. Here's how that can affect your mortgage plans. A variety of notable mortgage rates......

Bubble, Bubble, Toil And Trouble: Is Real Estate Heading For Another Crash?
...new pathways to the same calamitous endpoint? Time will tell. The Pandemic Housing Market The pandemic lockdown resulted in many new habits, including working from home and homeowners' resulting......

US Home Sales Dipped 2.4% in April, Third Straight Monthly Decline
...home-selling market like a hungry python. Existing home sales declined for the third straight month in......

FHA cash-out refinance: How it works
...period of time. The fixed rates can be just as competitive as mortgage rates, and some lenders won’t charge any closing costs. Home equity line of credit (HELOC): A HELOC is very similar to......

Instant Reaction: Mortgage Rates, May 19, 2022
Mortgage rates took a breather from their recent rally as investors are concerned about the economy. Following the 10-year Treasury yield trend, the 30-year fixed mortgage rate fell to 5.25%......

16 first-time homebuyer mistakes to avoid
...buyers. This is a rebate of up to 1 percent of the home’s sales price, and it comes out of the buyer agent’s commission, says Ben Mizes, founder and CEO of Clever Real Estate based in St. Louis......

Homebuilding Slows as Buyers Hesitate
Rising mortgage rates and ongoing supply chain disruptions are pressing on new-home costs and taking a toll on construction, homebuilders report. Single-family housing starts fell for the second......

Home sales still stumble as mortgage rates keep climbing
Existing home sales fell 2.4% last month from March. The median home price in April jumped 14.8% from this time last year to $391,200. Homeownership is becoming less attainable......

New York Fed’s Williams to seek equilibrium through MBS runoff, even purchases
...to combat inflation and carefully pare back demand in a rapidly heating housing market: raise rates and reduce the central bank’s holdings of mortgage-backed securities (MBS). These moves will......