Lower mortgage rates are pulling some current homeowners back to the refinance market, but not enough to offset the drop in demand from homebuyers.
Newsfeed: Mortgage demand falls again even as rates sink further Read More »
Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, caused mortgage application volume to drop 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Bank of America this week announced that it will be launching a mortgage option for first-time home buyers offering no down payments, no closing costs and no minimum credit score.
Newsfeed: Mortgage demand falls even further, as rates shoot back up to July highs Read More »
U.S. mortgage rates are tumbling even after the Federal Reserve hiked its benchmark interest rate by 75 basis points last week.
Americans are sitting on tons of home equity, but the cost to tap it is getting too high. In the first quarter of 2022, total home equity for all owner-occupied properties grew by $1.6 trillion to $39.7 trillion from the previous quarter.
Newsfeed: Housing: It’s getting expensive to tap record home equity Read More »
Another week, another collapse in the pace of mortgage applications as the Mortgage Bankers Association (MBA) reports a 6.5% week-over-week drop in mortgage applications …
Newsfeed: Mortgage Applications Crash To 22-Year-Low As Monthly Payments Rocket Higher Read More »
Mortgage rates actually fell slightly last week, but the damage has already been done to housing affordability.
Some people may be asking a very important question these days … “Is it too late to invest in real estate?” We bring in real estate superhero Ken “Multi-Man” McElroy to discuss this dilemma as we consider whether or not it’s too late to invest in real estate. Ken is a multi-state, multi-decade multifamily real
Is It Too Late to Invest in Real Estate? Read More »
People are paying attention to these perilous times and wondering what to do to prepare. In this edition of Ask The Guys, we tackle questions about tapping equity while it’s still there, getting liquid just in case, and dealing with debt decisions in an uncertain economy … and a whole lot more! So tune in
Podcast: Ask The Guys – Smart Moves with Equity, Liquidity and Debt Read More »
It’s time for Ask The Guys … the episode where you ask and we answer! People are facing perilous times and wondering what to do to prepare. Today, we’re tackling questions about tapping equity while it’s still there, getting liquid just in case, and dealing with debt decisions in an uncertain economy … and MORE!
Ask The Guys — Smart Moves with Equity, Liquidity, and Debt Read More »