It’s tempting to max out your preapproved home buying budget. But experts warn against buying the most expensive house you can. Here’s why. Continue reading
HELOC appraisal requirements for 2023 and no-appraisal HELOCs
05
Jan
You almost always need a new appraisal to get a HELOC. But the appraisal can actually work in your favor if your home’s value has gone up. Continue reading
Mortgage and refinance rates today, Jan. 5, 2023
05
Jan
Today’s mortgage and refinance rates Average mortgage rates edged modestly lower yesterday. That was a pleasant surprise for me because I’d thought they might rise. So far this morning, it’s […] Continue reading
Happy Halloween? Mortgage Rates Average 6.66%
06
Oct
Home buyers have lost about $107,000 in buying power since the beginning of the year—and that’s what’s truly scary. Continue reading….
NAR’s 2022 Good Neighbors: A Passion for Giving That Outlasted a Pandemic
06
Oct
Meet the five REALTORS® who were named this year’s winners, and learn how they went above and beyond for their communities in a dark time. Continue reading….
New Wire Fraud Scheme Exploits Virtual Meetings
05
Oct
Hackers can infiltrate online meeting platforms, posing as a legitimate party to a real estate transaction, and give your clients fraudulent wire instructions. Learn how to spot them. Continue reading….
Renovation Startup Revive Wins iOi Pitch Battle
30
Sep
The company, which enables home sellers to update their property with no upfront costs, was crowned at NAR’s annual technology conference. Continue reading….
Mortgage Rates Inch Closer to 7%
29
Sep
Buyers would be smart to shop around: The large dispersion in rate offerings among lenders could amount to several hundreds of dollars, Freddie Mac says. Continue reading….
FHA Moves to Include On-Time Rental Payments for First-Time Buyers
28
Sep
“If you’re regularly paying your rent on time, that’s a good indication you will also pay your mortgage on time,” says the Federal Housing commissioner. Continue reading….
NAR: ‘Decade-High Rates Deeply Cut Into Contract Signings’
28
Sep
Pending home sales are posting annual losses in the double-digits as home buyers continue to back away from the market due to surging mortgage rates. Continue reading….
