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Today’s Policy Prescriptions May Prolong The Inflation Problem
... As a result, mortgage interest rates are rising. This will negatively impact mortgage applications which will slow the housing market and reduce growth (the “good” effect here is that home prices......

Home Sales Post Largest Monthly Decline Since Pandemic Onset
Fewer homes than ever were for sale in December, driving seasonally-adjusted home sales down 3.6%, according to a new report from Redfin, the technology-powered real estate brokerage. This marks......

Housing Affordability Conditions Slightly Weaken in November
...affordability slightly fell in November compared to the previous month according to NAR's Housing Affordability Index. Compared to the prior month, the monthly mortgage payment increased by 0......

Mortgage rate deals for week ending Jan. 15, 2022: Top offers from lenders
...previous Thursday. While everyone expects rates to rise in the coming year, mortgage rates remain historically low, making it a good time to get a mortgage or refinance. Bankrate’s “clicked-on......

Mortgage Rates Post Big Jump This Week
...Firefox, Chrome, or Edge. January 14, 2022 Inflation continues to press on mortgage rates. The 30-year fixed-rate mortgage averaged 3.45% this week, up from last week’s 3.22% average, Freddie......

‘Foreclosure Tsunami’ Fears Unfounded, New Data Shows
...download Firefox, Chrome, or Edge. January 14, 2022 With moratoriums in place, foreclosures were nearly non-existent last year. Even as pandemic protections have lifted, a foreclosure wave—which......

Automaker Brands Luxury Condo Building
...or Edge. January 14, 2022 Automakers are taking advantage of the hot housing market to put their luxury brands on projects. Bentley Motors, a luxury car brand, is partnering with Dezer Development......

Lumber volatility hits 75-year high as inflation soars
...lumber have contributed home inventory shortages that have strained affordability and slowed home sales even though household formation rates are expected to keep driving strong interest in housing......

Baltimore prosecutor Marilyn Mosby denies federal charges over her finances
...indicted Mosby, 41, on four federal charges of perjury and making false mortgage applications relating to the purchases of two vacation homes in Florida. "I am innocent of the charges that have......

Crypto.com review 2022
...5 percent a year. Remember that traditional bank accounts are protected by FDIC insurance, which allows you to recover up to $250,000 in the event of a bank’s failure. Crypto staking does not......

Home sales cooled in December: Redfin
In December, monthly home sales dropped by their largest margin since May 2020, with the decline attributable to a shortage in offerings, rather than interest, according to a new report from......

HUD gives community groups more time to bid on foreclosure properties
...the limited consumer access to lower-priced properties has grown in a hot housing market that only recently has shown signs of potential cooling. The supply of real-estate owned properties in......

Trade group for state regulators drops suit over Figure’s bank charter
...Figure, that send and receive customers’ money or lend money, must obtain FDIC insurance in order to operate under a federal bank charter,” the group’s executive vice president, Margaret Liu......

Markets Edge Lower As Retails Sales Slump 1.9% And Banks Report A Solid Quarter
...aren’t particularly seasonal. Lastly, these stocks are more dependent on the housing market than probably any other factor, which is one reason they have higher valuations. The housing market......

Best mortgage lenders for first-time homebuyers in 2022
...history for select borrowers BBB-accredited with an A+ rating Cons Potentially higher mortgage rates Loans not available in Massachusetts and North Dakota Highlight Carrington Mortgage Services......

Mortgage interest rates for Jan. 14, 2022: Rates tick up
Today a number of notable mortgage rates moved up. See what that means for you if you're in the market for a mortgage. Some important mortgage rates crept upward today. 15-year fixed and 30-year......

Compare today’s mortgage and refinance rates, January 14, 2022 | Rates rise
Mortgage rates moved higher 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 increased......

Today’s refinance rates increase | January 14, 2022
...a good time to refi? Yes, depending on your situation. Especially with mortgage rates near all-time lows, it’s a great time to refinance. If you have a loan that you’ve been holding since before......

Baltimore states attorney indicted on charges of perjury and making false statements on mortgage applications
...Florida, and she is also charged with making false statements on the mortgage applications, according to the indictment. She secured a $490,500 mortgage in 2020 and a $428,400 mortgage in 2021......

Instant Reaction: Mortgage Rates, January 13, 2022
"Mortgage rates surged in the second week of the new year. The 30-year fixed mortgage rate rose to 3.45% from 3.22% the previous week. If inflation continues to grow......

Mortgage rates are highest since March 2020
In the second big jump of 2022, mortgage rates again rose to a high not seen since the start of the pandemic. The 30-year fixed-rate mortgage averaged 3.45% in the week ending January 13, up......

Mortgage rates spike following Fed comments
...that the likelihood of further increases could finally slow the pace of home sales. Rates climbed across all categories, with the 30-year average coming in at 3.45% for the weekly period ending......

The Materials Sectors May Not Be As Inflationary As Some Investors Suspect
...led the materials sector higher, likely because of the strength in the housing market. The COVID-19 pandemic was actually a boom for housing as low interest rates and lockdowns prompted many......

The Best Dividend Stocks For Rising Interest Rates
...value, which rose 17% through the first three quarters of 2021. With mortgage rates trending higher again, NRZ’s book value (BV) is rising, too. I anticipate management will report an even higher......

The process of closing on a house in 11 steps
...legal right to buy and live in the home. Also consider buying title insurance during this time, which would cover the cost of title claims during your ownership. 4. Get a home inspection Getting......