The Fed Has a New Approach to Inflation: What It Means for Your Savings, Credit-Card Debt—and Your Mortgage Rate

realtyexpertsReal Estate News

The Fed made some of the biggest changes to its policy in years, but the new approach won’t mean that consumers will save money across the board.

The post The Fed Has a New Approach to Inflation: What It Means for Your Savings, Credit-Card Debt—and Your Mortgage Rate appeared first on Real Estate News & Insights | realtor.com®.

Mortgage Rates Remain Below 3%—but Rising Home Prices Are Threatening To Push Buyers Out of the Market

realtyexpertsReal Estate News

Even with interest rates at record lows, someone buying the typical home today will have a larger monthly mortgage payment than they would have if they bought a year ago.

The post Mortgage Rates Remain Below 3%—but Rising Home Prices Are Threatening To Push Buyers Out of the Market appeared first on Real Estate News & Insights | realtor.com®.

Renters in U.S. Cannot Be Evicted Through the End of the Year Due to Coronavirus, CDC Order States

realtyexpertsReal Estate News

The CDC order provides a declaration for renters to sign stating they are unable to pay rent and have sought government assistance.

The post Renters in U.S. Cannot Be Evicted Through the End of the Year Due to Coronavirus, CDC Order States appeared first on Real Estate News & Insights | realtor.com®.

Mortgage Rates Fall Once Again—but Rising Home Prices Mean That Buyers Shouldn’t Expect Savings

realtyexpertsReal Estate News

Even with interest rates at record lows, someone buying the typical home today will have a larger monthly mortgage payment than if they had bought a year ago.

The post Mortgage Rates Fall Once Again—but Rising Home Prices Mean That Buyers Shouldn’t Expect Savings appeared first on Real Estate News & Insights | realtor.com®.

Pending Home Sales Rise in July, but Inventory Challenges Could Limit the Housing Sector

realtyexpertsReal Estate News

July was the third consecutive month in which the level of Americans signing contracts to purchase homes has risen. Home sellers reportedly are going under contract in record time.

The post Pending Home Sales Rise in July, but Inventory Challenges Could Limit the Housing Sector appeared first on Real Estate News & Insights | realtor.com®.

Pending Home Sales Rise in July, but Inventory Challenges Could Limit the Housing Sector

realtyexpertsReal Estate News

July was the third consecutive month in which the level of Americans signing contracts to purchase homes has risen. Home sellers reportedly are going under contract in record time.

The post Pending Home Sales Rise in July, but Inventory Challenges Could Limit the Housing Sector appeared first on Real Estate News & Insights | realtor.com®.

Before Making Loans, Some Mortgage Lenders Ask, Do You Really Plan to Pay This?

realtyexpertsReal Estate News

New forms are showing up in some borrowers’ paperwork when they close on their home loan. Lenders are asking them to confirm that they don’t plan to skip their payments, at least not right away.

The post Before Making Loans, Some Mortgage Lenders Ask, Do You Really Plan to Pay This? appeared first on Real Estate News & Insights | realtor.com®.

Mortgage Refinance Surcharge Delayed by Fannie, Freddie Until Dec. 1

realtyexpertsReal Estate News

Homeowners who refinance their mortgages in the next three months will avoid paying the additional fee averaging $1,400 after an outcry from industry groups, lawmakers and the White House.

The post Mortgage Refinance Surcharge Delayed by Fannie, Freddie Until Dec. 1 appeared first on Real Estate News & Insights | realtor.com®.