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Latest mortgage news: 30-year rate edges up again
...of a percentage point would seem to lead to a spike in mortgage rates, concerns around a recession have stalled the increases for now. The Fed also doesn’t directly control fixed mortgage rates......

Rural Tennessee bank's new chair bets on mortgage growth in a tough market
...Funding in River Edge, New Jersey. "If anything, we anticipate that the housing market will probably fare very well in six to 18 months, as the Fed has to start lowering rates again and expand......

Homebuyer cancellations are on the rise. How can sellers protect themselves?
...the early days of the COVID-19 pandemic. This response to a changing housing market puts sellers and homebuilders in a difficult spot, left with a considerable amount of uncertainty. Why is it......

Stock Market Crash Isn't Over According To Indicator With 'Perfect' Track Record
...subsided. Expectations for third-quarter economic growth have fallen, particularly due to worse-than-projected housing market data. Chief Critic "While recession risks remain high—odds are......

Mortgage volumes fall to lowest weekly level since 2000
...continued to be held down by rapidly drying up demand, as high mortgage rates, challenging affordability and a gloomier outlook of the economy kept buyers on the sidelines," Kan said in a press......

How much is my house worth?
...period. Pro: The calculator draws on data from tens of millions of home sales and offers insights about broad house price fluctuations, so homeowners can compare the relative affordability of......

What Does A Housing Recession Mean For Investors?
...is any indication Rent is on the rise. Home prices are staggering. Mortgage rates can’t decide if they’re up, down, or sideways. New home construction is on the downswing as the cost of building......

Why HELOCs Are Becoming a Popular Way to Unlock Home Equity - CNET
...smart money moves in an uncertain economy. What's happening As surging mortgage rates reduce the demand for cash-out refinances, other types of financial products that allow you to tap into......

The Details On Retail Spending
...add on to existing homes as interest rates are rising and the housing market cools. Lowes, on the other hand, relies more on retail customers and discretionary spending. With inflationary pressures......

Mortgage Demand Falls To New 22-Year Low As Housing Market Fuels Recession Fears
...the conversation bubble to join the conversation Got it! Topline Despite falling mortgage rates providing some relief to potential home buyers, mortgage applications fell to the lowest level......

Compare today’s mortgage and refinance rates, August 17th, 2022: Rates still low
...Bankrate. See below for a breakdown of how different loan types moved. Mortgage rates have been on a wild ride as of late, with the 30-year fixed briefly reaching 6 percent as the Federal Reserve......

Remembering Legacy Partners’ Dean Henry
...Real Estate and Urban Economics and provided deep insights into the rental housing market.” Led expansion Henry joined Legacy Partners in 1986, ascending to the role of president 26 years......

Could There Be a CRE Upside to a Recession?
...forced sales at inopportune times at less-than-optimal prices or worse, lead to foreclosures. The corollary to that, of course, is that those with the funds available today will likely have some...

Is the Deserve EDU Mastercard for Students worth it?
Deserve Mastercards are issued by Celtic Bank, Member FDIC The Deserve® EDU Mastercard for Students is one of the best student credit cards on the market — but it’s not for everybody. It’s a......

Are You Ready For Park(ing) Day?
...created by the Long Island Board of REALTORS® with help of an NAR Placemaking Grant. So, if you’re ready to start brainstorming your own Park(ing) Day project, here are some steps to getting......

Analysis: Tesla haters may have a new hero in the DMV
...is souring, too, as prices for raw materials remain elevated and rising mortgage rates are putting off potential buyers. After scrambling to catch up to white-hot demand, builders are now cutting......

Rising disaster coverage costs could be coming to a head for housing
...have exposure to the same reinsurance market. "As far as mortgage and housing market activity, things like rising interest rates are probably a lot more consequential than homeowners insurance......

Home buyer competition toughest at the lower end of a cooling market
...high- and middle-priced tiers, combined with demand from buyers attracted by low mortgage rates and high liquidity, made home buying most competitive in those price ranges in 2020 and 2021, according......

CDs vs. bonds: How they compare and which is right for you
...failure when your CD is backed by the Federal Deposit Insurance Corp. (FDIC) or the National Credit Union Administration (NCUA). One factor that can impact the fixed rates of CDs negatively......

What are Hispanic American-owned banks and how can you support them?
...invest for retirement and more. According to the Federal Deposit Insurance Corp. (FDIC), there are 31 Hispanic American-owned banks across the United States as of March 2022. Here is more information......

Builders Concerned About Sudden Pullback in New-Home Market
...dramatic pullback in homebuyer demand this year, for which builders blame rising mortgage rates and material prices. The average cost to build a new home has jumped 35.7% since January 2020—an......

FHFA proposes new affordability goals to address rising rents
...high home prices as the reason. Other significant deterrents cited were increased mortgage rates (32%) and an inability to save enough money for a down payment (29%). While both rents and home......

Instant Reaction: Housing Starts, August 16, 2022
...lessen overall uncertainty. Moreover, demographics still suggest a sizable housing shortage. If mortgage rates remain near 5%, after reaching 6% in early June, there could be renewed buyer activity......

Today’s refi rates retreats : August 17, 2022
Senior mortgage reporter Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate in 2020, he wrote about real estate and the economy for the Palm Beach Post and the South......

Today’s national mortgage & refinance rates, August 16, 2022: Rates still low
...Read on for a detailed breakdown of how different loan types moved. Mortgage rates have been on a wild ride as of late, with the 30-year fixed briefly reaching 6 percent as the Federal Reserve......