It's Friday desk clearing time for this blogger. "A sudden rise in mortgage rates pushed the average 30-year rate to 4.42% this week. It’s a stunning jump that harks back to the sharp loss in borrowing power during the infamous…
A report from the New York Post. "Blackstone Group’s transfer of a $308 million loan on 1740 Broadway to a special servicer had real-estate jaws dropping on Wednesday. A knowledgeable source said of the move, 'They overpaid for the building…
A report from the Nevada Current. "The Federal Reserve’s bump in its benchmark rate brings it to the .25% to .50% range, after historic pandemic-era lows. As a result, the market may be stabilizing, at least in some places. The…
A report from the Ledger in Florida. "Thomas Gebregergis had $100,000 in cash and was looking to secure a spacious second home. He turned to the foreclosure market and offered $28,100 on what he thought would be a dream property…
A report from Mortgage Grader. "Why is Freddie Mac throwing out automated appraisals for certain refinances that have seemingly worked well for five years? In June 2017, Freddie introduced refinance appraisal waivers on eligible properties, expanding the program to purchase…
A report from Yahoo Money. "This week's more than quarter-point jump in mortgage rates is sending a dire message to homebuyers and owners: Time is running out. 'The short answer is it’s painful, I won’t lie. Rates have been escalating…
A weekend topic starting with Fox 43 in Maryland. "The Federal Reserve raised interest rates on Wednesday for the first time since 2018. 'Just get into the house without paying any extra fees or points if you have to, just…
It's Friday desk clearing time for this blogger. "National Association of REALTORS Chief Economist Lawrence Yun: 'Oh, well, the refinancing chance may be over because rates will only go higher from this point. The mortgage rates were essentially at 3%…
A report from the Sylva Herald in North Carolina. "At the start of the new year home sales across the 13-county Asheville region continued to buck trends, as 906 homes sold, representing an increase of 2.5 percent over sales in…
A report from the Guardian. "Home ownership was initially a pandemic silver lining for Kay Kingsman. After a whirlwind month of house hunting, she made an offer on a Portland townhome in late July; it was only the second property…