Need to tap your home equity? Here’s what you need to know about your options: cash-out refinance, home equity loan, and home equity line of credit.
The post Need Cash? 3 Ways To Tap Your Home Equityâand Which One’s Right for You appeared first on Real Estate News & Insights | realtor.com®.
The yet-to-be-named platform is acquiring the assets and liabilities of Barings Multifamily Capital LLC, pending approvals from federal government-sponsored enterprises.
Title insurance protects you against outside claims to your property. Lender’s title insurance is required but you should get owner’s title insurance, too.
Posted To: MBS Commentary
10yr yields broke below 1.075% yesterday–a level that had proven tough to break despite multiple attempts in the past 2 weeks. The move followed several large block trades that provided leadership for an otherwise range-bound market. Some reports suggested the big move lower in stocks and the rally in bonds had to do with Senator Schumer pushing the stimulus timeline back to "mid-March." While that looks entirely plausible for the stock market, bonds were already on the move before that, and the big trades hit more than 10 minutes before the first Schumer-related news hit the wires. In general, there are strong cases to be made AGAINST big moves in either direction unless new data or information come to light that speak to the growth outlook in some significant way. Monday's…(read more)
As of noon EST yesterday, a new president has taken office. The leadup to his inauguration was filled with uncertainties, political and economic, and the mortgage industry saw the first material rise in interest rates in months. Now, mortgage pros have to face clients in a new political reality. For Dennis Viera (pictured), loan officer … [Read more…]
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. But that followed six days without a fall, five of which showed rises. And averages remain noticeably higher than […]
Posted To: MBS Commentary
Very Tame Reaction to The Fed Despite Bond-Friendly Message Bonds took a bit of a lead-off heading into today's Fed announcement as 10yr yields flirted with a break below 1.0% for the first time since cresting that level in early January. As expected and hoped, the Fed statement was a snoozer. If anything, it was bond-friendly and Powell's press conference even more so. Still, bonds barely budged. Stocks were much more volatile with S&P futures falling more than 3% by the end of the day. Last but not least, here's an obligatory Game Stop price update: 339.7 at the close, more than doubling yesterday's close. Econ Data / Events Fed UMBS Schedule 10am, 1130am, 1pm Durable Goods: 0.2 vs 0.9 ( Core CapEx : 0.6 vs 0.6) Market Movement Recap 09:09 AM Bonds rallied moderately overnight…(read more)
The $15,000 tax break would jumpstart a first-time homebuyer’s prospects of purchasing. The tax credit – along with Biden’s other economic goals outlined in his $1.9 trillion American Rescue Plan – seems more of a possibility now that both Senate races in Georgia went to Democratic challengers.
The post Potential impacts of Biden’s $15,000 tax credit appeared first on HousingWire.
The US Federal Reserve Bank announced its key interest rate decision at the end of its meeting today. Fed chairman, Jerome Powell, also offered some indication as to the Fed’s future decisions through the year. In a widely expected move, the Fed left the target for the federal funds rate unchanged at a range of … [Read more…]
While financing costs are still low enough to offset sticker-shock from rising home prices, a slight increase in the average 30-year conforming rate weighed on borrowers, according to the Mortgage Bankers Association.