Quick Take The local housing market stayed busy in July, despite some anomalies including high-end properties sitting on the market with little interest. And mortgage rates fell in early August, which is poised to bring more people into the market. Homes with the potential of developing an accessory dwelling unit (ADU) are expected to be
CBA economist Gareth Aird said mortgage holders could still get an interest rate cut this year but there were risks. (Source: AAP/CBA) Commonwealth Bank (CBA) believes mortgage holders could still get interest rate relief before Christmas. Australia’s biggest home loan lender said it is sticking with its November rate cut call, despite the board ruling
Brisbane dad Sean Callery said he was surprised after his home loan was extended to 30 years when refinancing. (Source: Supplied) An Aussie dad has revealed the “costly trap” that added tens of thousands to his mortgage. Skyrocketing interest rates are prompting many borrowers to refinance to a lower rate, but there is one common
COLORADO SPRINGS, Colo. — Mortgage rates have been slowly falling since this May. In late 2023, the average 30-year mortgage rate was nearly 8 percent for the first time since 2000. As of Monday, the rate is now 6.49 percent. “The first house we went under contract for was the upper 6 (percent). That was
But despite steady downward revisions for 2024, this year will look much, much better than last year because of a heavy downward revision for 2023. Last year was seen as the pit of mortgage originations with total originations as reported in July at about the level of 2018. With the revision, the pit got deeper
Ever wondered why mortgage rates fluctuate the way they do? The connection between mortgage rates and the 10-year Treasury yield is significant, making it a vital topic for potential homebuyers and investors alike. Understanding this relationship can empower you to make better financial decisions regarding home purchases and refinancing options. How the 10-year Treasury Yield and Mortgage Rates Are
Tim Bowler Intercontinental Exchange Inc. (ICE) has released new enhancements to its Encompass digital mortgage lending platform designed to help lenders improve productivity and lower operational costs. The most recent Encompass update features expanded capabilities for mortgage originators to offer beneficial affordable lending solutions for their customers. In addition, new
DEAR ABBY: My husband and I have been together for nine years (married for seven). I moved into his house with him, and I’m still not on the mortgage. I work full time in the medical field and contribute to all the bills. We did meet with an attorney, and if, God forbid, something happens
UK expat and foreign national investors are benefitting from a range of competitive mortgage products and enthusiasm from lenders. Base rate reductions are expected to continue so would-be UK expat and foreign national investors should keep a close eye on these developments and how they might affect mortgage rates. Lenders are offering incredibly competitive deals
SAN ANTONIO – Summertime in San Antonio is usually a busy time for the real estate market, but that has not been the case this summer, now that interest rates have dropped, the housing market has seen more movement. Imagine saving hundreds of dollars on your monthly mortgage, that sounds like a dream, right? According