US mortgage rates are already hitting 6%
The higher rates are pricing out first time homebuyers, and cooling down a hot housing market.
Source: qz.com
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Risky Lending Stages A Comeback
In the aftermath of the Great Recession, protections were put in place to eliminate bad mortgages. Lenders became much pickier on who could qualify for loans and laws were passed to ensure the world’s economy would never melt down again due to dangerous lending. Fears are mounting, however, that riskier lending could be staging a comeback.
Source: nationalmortgageprofessional.com
These Are The Most Affordable Homes In The Midwest
The cheapest real estate markets are between Minneapolis and Milwaukee.
Source: iheart.com
Financial institutions jump into ARMs amid high rates
Two financial institutions rolled out new ARM products as a solution to the affordability issues caused by mortgage interest rate increases.
Source: housingwire.com
New Home Lot Inventory Remains Flat In 1Q22, Zonda Reports
NEWPORT BEACH, Calif. (PRWEB) May 18, 2022 -- Today, the experts at Zonda, the housing industry’s foremost advisors, released the New Home Lot Supply Index
Source: prweb.com