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Prime borrowers purchasing investment properties secure Wells Fargo’s latest MBS
...home price increase, encouraged by a supply/demand imbalance, new buyers and lower mortgage rates, have created underlying fundamentals that are not keeping pace with the price, the report said......

Home Builders Feel Less Confident
...as affordability challenges dimmed expectations. The National Association of Home Builders/Wells Fargo Housing Market Index, which measures builder sentiment, fell in May for the fifth consecutive......

Most Borrowers Don’t Compare Mortgage Rates
...boomers, and low-income borrowers were the least likely to shop around for mortgage rates, the survey found. Real estate professionals may be key to helping borrowers find a lender. The survey......

Latest mortgage news: 30-year rate hits pause — but still near 13-year high
Mortgage rates took a break from their upward climb this week. The average rate on 30-year mortgages dipped to 5.45 percent this week from 5.46 percent last week, according......

In ‘The G Word,’ Adam Conover Explains What We Take For Granted In Government
...the things that “affect people’s everyday lives” from GPS to the FDIC to The National Weather Service. Each episode is remarkably digestible and informative given its short runtime, and also......

Best no-penalty CD rates for May 2022
...are safe if they are held at a Federal Deposit Insurance Corp. (FDIC) bank or at a National Credit Union Administration (NCUA) credit union and within insurance guidelines and limits. Both FDIC......

Beware the Fed’s heavy hand in proposed CRA reforms
...official as acting comptroller of the currency, resulting in his being an FDIC director. One of his first actions was to rescind the previous comptroller’s final rule on CRA and publicly support......

Mortgage volumes drop by over 10% from the week before
...a prediction of $2.58 trillion last month. The pace of new mortgage applications has declined in all but three weeks since early February. The seasonally adjusted Purchase Index fell 12% from......

U.S. housing starts, building permits stall as mortgage rates bite
...slipped in April amid ongoing supply-side challenges and the steepest climb in mortgage rates in decades. Residential starts decreased 0.2% last month to a 1.72 million annualized rate after......

What is extreme house hacking?
...of reach to many. Necessity is the mother of invention. As the housing market has tightened, many are reinventing an old concept — living with strangers — to address the new paradigm: affording......

The Daily Money: This county has the USA's highest gas prices
...is now a takeout cafe. "Gas prices are a huge concern. The housing market is another huge concern. The American dream to have a little ma-and-pa business is really a struggle."  More stories......

Today's Mortgage Rates for May 18, 2022: Rates Tick Downward Again
Mortgages A couple of important mortgage rates have retreated this week, though rates are generally expected to rise this year. A few key mortgage rates have moved downward since the start......

Institutional Investors Are Having a Big Impact on Home Sales, SFRs
...reacting to macroeconomic forces, are taking a significant portion of existing home sales with a likely emphasis on lower-priced units that would otherwise be available to......

The First-Time Homebuyer's Guide: Everything You Need to Know to Buy a Home
...and advice. 5. Compare rates from different lenders and get prequalified While mortgage rates fluctuate on a daily basis depending on what's happening with the economy, you still want to shop......

Best 2-year CD rates – May 2022
...the accounts on this page are insured by Federal Deposit Insurance Corp. (FDIC) or by the National Credit Union Share Insurance Fund (NCUSIF). When selecting the best CD for you, consider the......

Biden Administration Takes Aim at America’s Housing Shortage
...in 2022 on the most new homes in any year since 2006.” NAR President Leslie Rouda Smith welcomed the administration’s focus on addressing the housing supply shortage and said calls are growing......

New-Home Buyers Face Rising Rate Surprises
...who signed a contract to purchase their home a year ago, when mortgage rates were 3% or in some cases less, are finding themselves caught off-guard as their homes near completion, as mortgage......

Second-Home Demand Shows Signs of Slowing
...as 88% above pre-pandemic levels. Prices for second homes have surged and mortgage rates have risen considerably. With the 30-year fixed rate now averaging 5.3%, the typical monthly mortgage......

The Top Commercial Real Estate Markets
...Fort Myers, according to new research from the National Association of REALTORS®. NAR’s Commercial Real Estate Market Conditions Index is calculated by factoring in 25 variables that reflect......

The final walk-through: Top tips for homebuyers
...problem during the final walk-through can be a hassle. In extreme cases, home sales can be completely derailed at this stage. According to data from the National Association of Realtors, 5 percent......

The Worst State To Live In When It Comes To Your Money
...In our current era of red-hot inflation, rising interest rates, and growing mortgage rates that are pricing out many home buyers, the question of the top states to live in financially, and which......

How To Switch Your Mortgage Provider
...remortgaging. The new lender will look at how you would cope if mortgage rates were to increase. Self-employed applicants are also likely to need two to three years’ worth of company accounts......

Ex-FHFA Chief Calabria warns of Fannie, Freddie risk
...the possibility of another bailout for the government-controlled mortgage giants if the housing market backslides, he said on IntraFi Network’s Banking with Interest podcast published Tuesday......

California lawmakers ask FDIC to cut off high-cost consumer lenders
...500 and $10,000, four Democratic legislators wrote in a letter to FDIC board members. The lawmakers were the authors of a 2019 state law that banned such loans. “FDIC-supervis......

Rules Requiring People To Buy Big Homes Are Pricing Americans Out Of The Housing Market
am EDT| Right now, Chrissy Rochford lives in an RV with her dog Riley. While she has financing for a home of her own, her tiny Utah town of Big Water is refusing to let her make that dream reality.......