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Congress Nears First Shutdown Deadline
A government shutdown would affect many agencies and programs that are important to REALTOR® businesses and their clients. www.nar.realtor – Fair Housing
Mortgage Rates Exceed 6% for the First Time Since 2008
On the rise since the beginning of the year, mortgage rates continued their upward trajectory this week, rising above 6% for the first time since 2008. The 30-year fixed-rate mortgage (FRM) averaged 6.02% this week, up from 5.89% last week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. Key findings: 30-year… […]
NAR Showcases New Implicit Bias Certificate Course on First Day of Legislative Meetings
NAR Showcases New Implicit Bias Certificate Course The course helps real estate professionals interrupt stereotypical thinking so they can avoid fair housing pitfalls. Media Contact: Patrick Newton 202-383-1290
National Delinquency Drops Below March 2020 Level for the First Time Since Onset of the Pandemic
Another good indicator of a strong economy, was revealed in CoreLogic’s monthly Loan Performance Insights Report for November 2021. In November, 3.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.3-percentage point decrease compared to November 2020, when it was 5.9%. […]
Existing Home Sales Rise Slightly for the First Time in Four Months
Existing home sales snapped a four-month losing streak in June. Sales of pre-owned single-family houses, townhouses, condominiums, and cooperative apartments, rose 1.4 percent on a seasonally adjusted annual basis to 5.86 million units, 22.9 percent higher than the 4.77 million rate in June 2020. Activity was higher month-over-month in three of the four major regions […]
The First 100 Days in Housing
Real estate has been a priority in President Joe Biden’s early agenda. Find out what he’s achieved for the industry by the first major milestone of his administration. www.nar.realtor – Fair Housing
Restaurant industry loses jobs for the first time since April as new restrictions hit employment
The restaurant industry lost jobs for the first time since April as new restrictions to fight the coronavirus pandemic weighed on sales….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
Thinking Refi? Read this First !
Posted To: Community Commentary With rates near all-time lows, millions of homeowners are frantically refinancing. Borrowers often think the only pertinent question is “ how much can I drop my rate? ”, when there’s other as (or more) important factors involved. Let’s look at some of those, and make more informed decisions on refinancing: What […]