Mortgage Rates Continue Gradual Recovery
Mortgage rates hit 6 month highs by the end of last week, but they’ve been cautiously recovering since then. The rebound traces a similar pattern in the bond market, as is typically the case considering lenders rely on bonds as the primary ingredient in the interest rate recipe. In simpler, more normal times, bonds would […]
Inside Real Estate Launches Innovative Homeownership Solution, CORE Home
Inside Real Estate has announced its first product release from its new homeownership technology, CORE Home. CORE Home is a consumer destination, branded completely to the brokerage and agent. It anchors consumers in a single place, allowing brokerages to deliver a seamlessly connected experience throughout the entire homeownership lifecycle: from living in a home and […]
Considering Cutting Back Homeowners Insurance Coverage to Save? Press Pause on That
If money is running tight and you’re looking for ways to cut back, you may be tempted to cut into your homeowners insurance coverage. This could be a mistake. If you don’t have adequate coverage and your house gets damaged or destroyed, or someone gets seriously injured on your property, you may be on the […]
Newsmaker Spotlight: Kathy Connelly Talks Relocation Trends and Opportunities for Agents
As the senior vice president of relocation and corporate services for Berkshire Hathaway HomeServices (BHHS) Georgia Properties, Kathy Connelly leverages her 30 years of industry experience to lead key business initiatives and serve as a qualifying broker. She was appointed to the Board of Directors for Worldwide ERC® in 2020, where she helps the international […]
Another Day; Another Long-Term High For Rates
Mortgage rates haven’t really been able to catch a break recently. This week is shaping up to be one of the worst since March. Since then, only 2 other weeks have been worse and they both occurred in the past month. In and of itself, today’s jump in rates wouldn’t be too troubling, but when […]
New Home Purchase Applications Fall as Construction Costs Rise
The volume of applications for mortgages to purchase newly constructed homes plunged in September, falling 16.2 percent from the September 2020 level according to the Mortgage Bankers Association’s (MBA’s) Builder Application Survey (BAS.) Compared to August the volume of applications was down 4.0 percent. These changes are not seasonally adjusted. Based on the volume of […]
Is Now a Good Time to Become a Landlord?
TNS—Q: We are getting older and ready to move to a smaller home. Our plan has always been to rent our existing house to make extra money toward our retirement. After the eviction moratorium, we are nervous. Is it a good time to be a landlord? — Jerri A: Not collecting rent is a scary […]
NAR Releases Its 2022 Statistical & Forecast News Release Schedule
NAR 2022 Statistical & Forecast News Release Schedule The National Association of Realtors® has released its statistical & forecast news release schedule for 2022. Media Contact: Troy Green 202-383-1042
Are Rates Doomed to Continue Higher?
Posted To: Mortgage Rate Watch After a calm summer at historic lows, interest rate volatility has ramped up heading into the fall. What are rates worried about, and is this just the beginning of more drama? In a word: maybe! Because they’re based on bonds, rates are always worried about anything that can have a […]
What To Do When 1 in 8 Home Purchases Have A Low Appraisal
When you finance a home purchase, your lender will make the loan based on the lower of the home’s appraised value and your contract price. And right now, CoreLogic data says about 13% of appraisals (1 in every 8) are below purchase contract prices in America. So is your home purchase deal dead if your […]