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Mortgage News

US inflation is officially up to its highest level in four decades, and the rising cost of living and other financial pressures have left seniors worried about their future. I understand how inflation affects seniors and their retirement; reverse mortgage lender American Advisors Group (AAG) surveyed...

There has been a recent wave of lawsuits filed against Realtors® by testers.   There has been a recent wave of lawsuits filed against Realtors® by “testers,” which are groups that call Realtors® just to see if the Realtor® will violate a provision of the Fair Housing...

It’s an unexpected trend for summer in Florida   Treasure Coast home sales are continuing to slow, in some areas down nearly50% in July compared to the same time last year — an unexpected trend a ssummer typically is prime time for people to relocate to Florida. Simultaneously,...

Experts coincide on data, although home prices still robust amid reduced profit margins for brokers and lenders The US housing market is heading for a recession, various sources have confirmed. The latest figures from the Mortgage Bankers Association (MBA) show that mortgage applications fell 18% year on...

NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers.   Inflation eased slightly in July, which could bode well for the housing market in the months ahead, says Lawrence Yun, chief economist for the National Association...

Half of all US mortgaged homes are now considered equity-rich, according to a new report by real estate data curator, ATTOM. According to the US Home Equity and Underwater report for Q2, 48.1% of mortgaged residential properties in the country were considered equity-rich in the second...

The average monthly mortgage payment has fallen 12% reduction in just two months as high borrowing costs moderate, says NAR Chief Economist. After weeks of escalating borrowing costs, home buyers are getting a second chance to lock in lower rates. The 30-year fixed-rate mortgage fell to...

The Federal Reserve’s apparent inability to rein in runaway inflation is hitting the pockets of ordinary homeowners as they struggle to cope with rising mortgage rates and the cost-of-living crisis, Melissa Cohn (pictured), regional vice president at William Raveis Mortgage, has said. Cohn, a mortgage industry...

Record-high home price growth in the US has finally turned a corner, giving the housing market a much-needed cooldown. Home price appreciation logged its largest single-month slowdown on record since at least the early 1970s, with the annual growth rate plunging nearly two percentage points in...

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