The irony of it all: mortgage rates have fallen to the lowest level on record, giving consumers a new incentive to buy a home or refinance. But wait. There's a catch: first, you must be employed to get a mortgage (or refi). And if you have a job, the next question you need to ask is the scary one: "Will I have a job, three-, six-, 12 months down the road?" And currently, real estate experts and analysts are trying to figure out if home prices have hit bottom. Some say yes, some say no. What's a consumer to do, but sit on the sidelines and wait it out until they see a clear signal on where prices are headed. Meanwhile, several lenders were writing new loans like crazy in May and early June. But come September...
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Given current rates are higher than the MBA and Fannie Mae forecasts, the industry could see further downside risk to the housing outlooks in October.
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ICE dropped its post-Dec. 31 SDK access fee as migration lags. Audit plugins, get written confirmation from ICE, budget for dual-running and weigh API-native rivals.
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The latest runup alarmed lenders but offered some new servicing opportunities unique to this market that can benefit both sides of the business.
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
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Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
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