These factors could range from proximity to family and schools to convenience for work or cultural ties, making it critical to understand not only the financial but the personal factors driving decisions. When evaluating areas of high inventory, Farzad pointed out that it’s not just about jumping on the bandwagon of lower prices. He noted … [Read more…]
“Astrid is an accomplished leader who comes to MBA with vast experience and an exceptional track record of providing executive-level leadership and financial management at top organizations,” MBA’s president and CEO Bob Broeksmit said in a statement. “I welcome her to the MBA family and am confident she will fit right in with the senior … [Read more…]
It goes without saying, meanwhile, that broker outreach is also essential: making sure brokers are equipped with as strong a knowledge of a lender’s offerings as possible as they present options to their clients. “We’re a private lender for non-owner-occupied investment properties, so we want to make sure that if an investor stumbles upon RCN … [Read more…]
“I am thrilled to announce both Rocke and Valerie’s new positions within NAMB,” NAMB president Jim Nabors said in a Press release. “Both of these industry veterans are incredibly talented professionals and have served NAMB for many years in various capacities. With these two now working with NAMB full time, NAMB is best positioned to … [Read more…]
The median price of a home in Kaufman County, Texas, where Payovich was looking, jumped from $235,000 in 2019 to $310,000 in 2024. With the local housing market becoming more expensive, saving enough for a traditional down payment seemed out of reach. “Interest rates were really high, and with the down payment we were going … [Read more…]
As a result, the ESR Group believes the economy can sustain growth at or near its potential, assuming no major shocks to consumer or business confidence. In addition, recent payroll growth in August and September has contributed to the positive outlook. However, there are still upside risks to mortgage rates, as the 10-year Treasury yield … [Read more…]
Today, assumable mortgages are primarily limited to government-backed loans, including Veterans Affairs (VA), Federal Housing Administration (FHA), and Department of Agriculture (USDA) mortgages. “Twenty per cent (20%) to 25% of the homes on the market will be fully assumable at one time,” Raunaq Singh, CEO of assumable mortgage platform Roam, told CNBC. “[But] the number … [Read more…]
That meant only a short window of opportunity in recent weeks for homeowners hoping to refinance. Top mortgage professionals, Cavanaugh said, had already anticipated that, and had kept clients alert and ready for a phone call from their broker or LO when the time was just right to lock in a new rate. “We were … [Read more…]
Boeing has about 2,000 workers in Canada, according to the company. The strike – which kicked off Sept. 13 – halted production of Boeing ‘s 737 MAX, 767 and 777 jets, and the company’s shares fell 1.1% in after-market trading. The layoffs could put pressure on employees to end the strike, said Thomas Hayes, equity … [Read more…]
Still, prospects on the single-family side were slightly brighter, with housing starts in that sector climbing by 2.7% compared with August as single-family building permits also posted a marginal gain, rising by 0.3%. U.S. total #HousingStarts were 1354K (SAAR) in September 2024. #CensusEconData pic.twitter.com/iwGMhPLfvW — U.S. Census Bureau (@uscensusbureau) October 18, 2024 Fortunes were mixed … [Read more…]