Effective May 1, 2023, a new rule will go into effect in which prospective homebuyers with very good or near-perfect credit will see an increase in mortgage fees, while those whose credit scores need work will see their fees go…
This past month has seen a substantial amount of uncertainty in both the residential and commercial real estate markets. On the whole, the market has continued to suffer from high interest rates and limited inventory, which has kept sales substantially…
For years, the housing markets in many states across the United States have suffered due to a lack of available housing. This has helped to drive the price of housing up, creating an affordability crisis for low- and middle-income Americans. In response to this, developers have been building more apartments, but in an odd decision, they seem to have chosen to focus on luxury apartments, appealing to the higher end of renters.
After Federal Reserve Chairman Jerome Powell announced that his agency was raising rates by 0.25% on February 7 in response to a strong jobs report, mortgage rates started to go back up again. Freddie Mac reported that, on February 9,…
Republicans in Congress are attempting to extend the tax cuts that were implemented by former President Donald J. Trump, but the sticking point seems to be the $10,000 cap on deducting state and local taxes (SALT). Many homeowners who live…
Over the past few months, the real estate market has been unusually volatile, with mortgage demand going up and down in accordance with a number of factors. The most notable factor has been interest rates, which have generally been on…