The Silver Lining of High Mortgage Rates
I don’t think it would be much of a stretch to assume nobody likes high mortgage rates. They make it more difficult for prospective home… Read More »The Silver Lining of High Mortgage Rates
Homeowners Can Now See How Much They’ll Make Renting a Room on Airbnb
If you peruse real estate listings on Realtor.com, you might come across a new Airbnb integration. This week, the two companies announced a collaboration that… Read More »Homeowners Can Now See How Much They’ll Make Renting a Room on Airbnb
Fannie Mae Chief Economist Calls Current Housing Market Unusual, Doesn’t Expect It to Change Anytime Soon
It’s time to check in on the state of the housing market. At last glance, mortgage rates were still above 7%, though they did see… Read More »Fannie Mae Chief Economist Calls Current Housing Market Unusual, Doesn’t Expect It to Change Anytime Soon
The Typical Home Sold in the Past Three Months Went for $200,000 More Than the Seller Paid
Lately, there’s been a lot of talk about a lack of affordability, even a potential housing bubble. And it comes as no surprise, given the… Read More »The Typical Home Sold in the Past Three Months Went for $200,000 More Than the Seller Paid
One Really Simple Way to Offset a Higher Mortgage Rate
We all know mortgage interest rates have increased tremendously. While there were periods of relief here and there, the trajectory since early 2022 has been… Read More »One Really Simple Way to Offset a Higher Mortgage Rate
Shark Tank’s Kevin O’Leary Predicts 8% Mortgage Rates
A week ago, it seemed like we were on the fast track to 8% mortgage rates. But then something spectacular happened, nearly a week’s worth… Read More »Shark Tank’s Kevin O’Leary Predicts 8% Mortgage Rates
Why Are Lower Job Openings Good for Mortgage Rates?
This morning, the Job Openings and Labor Turnover Survey (JOLTS report) was released by the Labor Department. It revealed that the labor market wasn’t running… Read More »Why Are Lower Job Openings Good for Mortgage Rates?
Zillow Home Loans Launches a 1% Down Mortgage
Today, Zillow Home Loans announced its “1% Down Payment” loan program, making them the latest lender to join the near-zero down fray. The move comes… Read More »Zillow Home Loans Launches a 1% Down Mortgage
What Will It Take for Mortgage Rates to Fall Again?
It’s been a rough month or so for mortgage rates. If we zoom out even further, it’s been a horrendous 18 months, with the 30-year… Read More »What Will It Take for Mortgage Rates to Fall Again?
It’s Mortgage Principal, Not Principle
Principal vs. Principle Attention loan officers, mortgage brokers, real estate agents, and so on The words “principal” and “principle” are two very different words They… Read More »It’s Mortgage Principal, Not Principle