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Instant Reaction: CPI Inflation, August 10, 2022
...will pull back, encouraging the Federal Reserve policy to be less aggressive. Mortgage rates will fall. This morning the 10-year Treasury yield is at 2.7%. That should translate into 30-year......

Is the housing market about to crash? Here’s what experts are saying
The U.S. housing market may be starting to slow down, but it is still hot. Double-digit appreciation is commonplace. Many sellers are still giddily sifting through multiple offers, and frantic......

Why Multifamily Investment Is Both Delicate Balancing Act and Unique Opportunity
...those states with “hot” housing markets tended to gain. Florida’s red-hot housing market was largely being driven by multifamily. Overall, the state ranks second (after Texas) in terms of population......

National Association of Realtors® Announces 2023 Leadership Academy Class
...will prepare emerging state and local volunteers for future leadership positions at NAR. "NAR's Leadership Academy identifies, inspires and mentors the next generation of Realtor® leaders for......

Refinances pick up for a second straight week
...5. But weekly volume was still 63% lower on a year-over-year basis. "Mortgage applications were relatively flat, with a decline in purchase activity offset by an increase in refinance applications......

Why use a Realtor and what are the benefits?
...FSBO) home sold for $260,000 compared to $318,000 for agent-assisted home sales. That’s $58,000 more in the pockets of sellers using an agent — more than enough to cover the cost of commissions......

Current mortgage and refinance rates for August 10th, 2022 – Rates rise
National mortgage rates rose for all loan terms compared to a week ago, according to data compiled by Bankrate. Rates for 30-year fixed, 15-year fixed, 5/1 ARMs and jumbo loans moved higher......

4 ways first-time home buyers can make the process less painful
...with the down payment and picking the right lender. 1. Look into first-time home buyer programs Many lenders offer special first-time buyer programs. These often make mortgages easier to qualify......

Mortgage Rates for Aug. 10, 2022: Rates Increase
Today some key mortgage rates climbed higher. If you're in the market for a home loan, see how the Fed's interest rate hikes could affect you. A couple of principal mortgage rates......

Millenials, Gen Z in D.C. opt for luxury rentals over buying
...up 2.7% year-over-year at $727,000 according to Redfin's June housing market trend report. Home affordability stands at 47.1% compared to rent affordability at 26.9%, Attom's 2022 affordability......

What is an encumbrance?
...guidance on how to deal with the matter. You can also purchase title insurance to protect against certain types of encumbrances that might arise during a purchase. Should I still buy an encumbered......

Whether This Is a Recession or Not, Protect Your Finances Now. Here's How
...While home prices have cooled in some areas, it remains a competitive housing market with few homes to go around. If rising mortgage rates are adding more pressure to your ability to buy a home......

Half of serious mortgage delinquencies are at least 6 months late
...and data providers that the long-run of historically low delinquency rates and foreclosures may be nearing its end. Redefault rates as of July 7 also were drifting upward, according to a separate......

5 reasons to get a money market account
...is built into money market accounts offered by Federal Deposit Insurance Corp. (FDIC) banks and National Credit Union Administration (NCUA) credit unions. Both organizations insure money market......

Builders are stuck with too many houses as U.S. buyers pull back
In an American housing market that for years has been plagued by too little inventory, builders are suddenly finding themselves with a glut of unsold homes. This year's surge in mortgage rates......

Current mortgage and refinance rates for August 9, 2022: Rates rise
Mortgage rates moved higher for all types of loans compared to a week ago, according to data compiled by Bankrate. Rates for 30-year fixed, 15-year fixed, 5/1 ARMs and jumbo loans......

Should you buy a house during a recession?
...inflation, it affects other segments of the economy as well, including the housing market. Interest rates are not directly tied to mortgage rates, but typically, as the one increases, so does......

'We have nowhere to go': Many face eviction during a crisis in affordable housing
...now, just landlords wanting to go on and take advantage of the housing market. But the problem is, you know, we have nowhere to go." After the lease wasn't renewed, her Section 8 payments stopped......

A One-Stop-App That Helps Renters Become Homeowners
...like Black and LGBTQIA+ folks. And with rising home prices, rents, and mortgage rates, it has never been harder for renters to buy their first house. Increasing access to everyone will need......

Home inventory soars at record rate with U.S. buyers pulling back
...last month, another sign that higher mortgage costs are cooling down the housing market. The number of active listings nationwide jumped 31% from a year earlier, a record-high increase for a......

Today's Mortgage Rates for Aug. 9, 2022: Rates Go Up
Today a handful of major mortgage rates ticked up. If you're shopping for a mortgage, see how your payments might be affected by inflation. Some principal mortgage rates moved up today. The......

Housing Inventory Picks Up Speed At A Record Pace
...and homes selling more quickly than before the pandemic. “The U.S. housing market continues to move toward more evenly balanced supply and demand compared to the 2021 frenzy,” said Danielle......

Homebuyers and Sellers Find 5% Mortgages Frightening, Exciting, Funny
...point for the market. Mortgage rates ticked down to 4.99%...

Inventory and New Listings Looking for Balance in Single-Family Home Market
...new listings – it actually declined – has left the housing market seeking to find balance, according to its chief economist Danielle Hale. Inventory was......

Home buyer sentiment falls to its lowest level since 2011
...Fannie Mae's Home Purchase Sentiment Index for July. Despite indications the housing market could slowly be moving toward greater balance, overall sentiment decreased for the fifth month in a......