Mortgage rates drop (again). What does this mean for summer home buying season?
Other indices are also showing a fall in rates. The 30-year fixed rate for conventional loans was 6.90% mortgage news daily Thursday morning, down seven basis points from last week. of housingwire Mortgage Rates Center Shown optimum blue The 30-year fixed rate for conventional loans stood at 6.67% on Wednesday, compared with 6.71% last week. […]
Rent Growth Is Negative For The First Time In Three Years – Is Your Cash Flow At Risk?
in this article The record-breaking rent growth of the past several years is showing signs of fading. earlier this month, Redfin reported Rent growth declined by 0.6% on a year-on-year basis for the first time since the pandemic. Admittedly, this is a modest drop in fares, but it also begs the question: Will this be […]
The barbaric unhealthy housing market is back
I first used the term wild unhealthy in March of 2022 because we had solid demand while inventory was at an all time low. Both the credit channel and the inventory channel changed after 2010 due to qualified mortgage laws and the 2005 bankruptcy reform laws. That means you’ll see fewer financially stressed homeowners needing […]
Your Los Angeles Bucket List: 22 Essential Activities
Welcome to the vibrant city of Los Angeles, where sunshine, glamor and endless possibilities await. From iconic landmarks to hidden gems, this Los Angeles bucket list has it all. Whether you are a long time resident or looking for a new one los angeles apartmentThese top 22 must-do activities, recommended by Redfin, will help you […]
Have we reached the end of rate hikes? What happened at last week’s Federal Reserve meeting
in this article The big news coming out of last week’s Federal Open Market Committee meeting was the group’s choice to skip another rate hike. Earlier, the central bank had increased interest rates in every meeting since March 2022 (with a total of 10 rate hikes). The June decision marked the Fed’s first rate cut […]
FHFA housing, condo co-op lending guidelines need reform: trade group
a coalition of trade unions – the Community Home Lenders of America (CHLA), the Community Union Institute (CAI) and National Association of Realtors (NAR) – has submitted a letter to federal housing finance agency (FHFA) that requests transparency in the development of final lending requirement guidelines for condominiums and housing cooperatives. In the letter addressed […]
This Week’s OddsPlus! The 5,000 Reward Point winner is Terese Rolanda Goble!
Terese recently sent a postcard from the Looking for Listing series, shown above. to see more, Click here, Congratulations to Terese Rolanda Goble on winning this week’s contest! Terese from ProspectsPlus had the following words to say about her success in sending marketing! “They are the best… I am probably the oldest (age, ie) customer […]
FHFA bi-merge credit transition challenges are ‘enormous’
federal housing finance agency (FHFA) announced late last year that it is replacing the classic FICO credit model. fannie mae And Freddie Mac Outlined timeline for further implementation with the FICO 10T and VantageScore 4.0 credit score models. but led a coalition of 17 unions Housing Policy Council (HPC), is now seeking more time with […]
Putting PropTech to Work for Your Real Estate Business
in this article Proptech is a relative newcomer to the “tech” suffix world; You may be more familiar with the more recognizable terms MarTech and FinTech. While this terminology may be trendy and buzzworthy, what does it really mean to make it work in your real estate investing business? Efficient use of technology is required […]
AmeriFirst Financial Returns to Forward Mortgage Origination
On June 1, the Arizona-headquartered retail lender Amerifirst Financial Inc. relaunched its forward mortgage origination. The business closed in December 2022 after rising mortgage rates wreaked havoc on the housing industry. out of 400 employees scooped by american pacific mortgage (APM) At the end of last year, about 20 LOs have returned to AmeriFirst Financial. […]
