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Financing A House Keeps Getting Cheaper, With Interest Rates Setting New Record Lows
...this year. The real estate database did predict a massive drop in home sales— up to 60% —but even that hasn’t panned out yet, with the U.S. Census Bureau releasing stats this week showing......

As Michigan economy crumbles, home prices jump higher
...during late March and April, exacerbated the low inventory situation in the housing market that has persisted for several years. Buyer demand has remained healthy so far because, despite rising......

Virginia's April housing market exceeds expectations
Home sales dipped in April due to the COVID-19 pandemic, but the decline in Virginia wasn't as severe as many had anticipated, according to Virginia Realtors. The trade association's......

Mortgage rates plunge to yet another all-time low
Mortgage rates fell this week to the lowest level ever recorded by Freddie Mac, even as it appears the relationship to the benchmark 10-year Treasury yield has stabilized. "The 30-year fixed-rate......

5 Reasons To Be Optimistic About The Stock Market
...signs. Apple Mobility Data is trending up Credit card spending is accelerating Mortgage applications are rising Air travel and restaurant bookings are picking up, albeit from low levels......

New Fintech Promises Higher Returns On Savings With ‘Savetech’ Platform
...time,” says Nelskyla. “With Save, you get the best of both worlds: FDIC safety net for your initial deposit, while your interest can grow faster with the upside of market investments.”...

Mortgage Refinance Rates Today, May 28, 2020 | Rate trends higher
...see where rates are right now? Lenders nationwide respond to Bankrate’s weekday mortgage rates survey to bring you the most current rates available. Here you can see the latest marketplace......

What Real Estate Investors Need To Know In Times of Crisis
...distressed sellers may be more willing to negotiate on prices. In addition, mortgage rates are low for the time being. Economically, buying an investment property at this time may make good sense......

Alternative Credit Scoring For Retail Lenders During Economic Crises
...are unbanked or underbanked — roughly 25% of Americans, according to the FDIC — alternative scoring could be a viable option, especially when you consider LexisNexis research indicating that......

Today’s Mortgage Rates, May 28, 2020 | Important rate climbs
Expect Best/stocksnap.io Mortgage rates were mixed today, but one key rate notched higher. The average for a 30-year fixed-rate mortgage moved up, but the average rate on a 15-year fixed slid......

Six New Unicorns, One Acquisition And Four Companies With 200-Plus Layoffs: How Last Year’s Next Billion-Dollar Startups Have Fared
...$5 billion.  The coronavirus downturn hit a number of alumni badly. Home buyer Opendoor slashed its workforce by 35%, or 600 employees, in April. The month before, Airbnb competitor Sonder......

Benchmark 30-year mortgage rate stays steady again
...and the effect on monthly payments for a $165,000 loan: Where mortgage rates are headed In the week ahead (May 28-June 3), rates are likely to remain stuck in the 3.55 percent range. That’s......

Housing Hardship Index: Coronavirus crushes some state economies, spares others
...will likely bring the worst for mortgage delinquencies and defaults.” For now, foreclosures remain rare. Mortgage giants Fannie Mae, Freddie Mac and the Federal Housing Administration unveiled......

New-Home Sales Post Unexpected Increase
...soared. Builders note that the increase is a potential sign that the housing market is already stabilizing during the pandemic. “The April data for new home sales show the potential for housing......

Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports
...hotel activity had ticked up by mid-May). Manufacturing and construction activity fell, home sales plummeted, retail tenants missed their commercial rent payments, and agricultural conditions......

Pandemic Playbook: 7 Step Checklist To Improve Your Finances In Quarantine
...flow. Many homeowners are using this low rate environment to improve their mortgage rates. With historically low yields, it’s worth exploring refinancing even if you bought your home just......

Sales of New Homes Post a Surprising Turn in April
...soared. Builders note that the increase is a potential sign that the housing market is already stabilizing during the pandemic. “The April data for new home sales show the potential for housing......

Pets Get Priority When Shopping for Homes, Survey Says
...play in guiding real estate decisions. Forty-three percent of consumers in the NAR survey said they would be willing to move in order to better accommodate their pet. In the realtor.com® survey......

When does debt fall off your credit report?
...positively or negatively impact your credit. Items such as late payments, charge-offs, foreclosures and hard inquiries generally have a negative impact on your credit. Timing is everything......

Forbearance Options for Homeowners
...the financial wellness of their households. Nadia Evangelou, a Senior Economist at NAR, just wrote a blog post on families struggling to pay their rent and mortgage. She states “Nationwide, while......

Chattanooga home sales drop, but market beginning to rebound
Home sales in Chattanooga, Tenn., fell nearly 18% last month and the inventory of houses on the market fell by more than 26% as home-bound Chattanoogans were less likely to want......

Most Consumers Aren’t Afraid to Return to the Market
...the protocols, follow them, and don’t be afraid to enforce them.” NAR CEO Bob Goldberg, who was also in attendance, noted that NAR is making masks, gloves, and hand sanitizer available for......

New housing permits in Connecticut plunge during April
...as the state's economy starts to return to normal. The new housing market is Connecticut will benefit from low interest rates as well as the interest that New Yorkers have shown in buying homes......

Low mortgage rates increasingly accessible for poor credit score borrowers
...information about every financial or credit product or service. Share this page Mortgage rates may be near multi-decade lows, but those favorable rates are becoming less accessible......

IRS Taxes Most Loan Forgiveness, Be Careful With Exceptions
...gross income reduces your basis in property. See  Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments (for Individuals) (PDF)  for detailed information on canceled......