Ritesh Singhania: Mortgage Rate Buy-Down Points–to Sell or Not to Sell?

Lenders are often presented with the choice of selling some upfront points to buy down the fixed rate mortgage as against going for the zero-cost option, or even receiving points (to pay off closing cost) for selecting a higher fixed interest rate. These rate-point combinations are listed in a ‘rate stack’ and consumers can request…
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Home Sales Will Keep Growing, Even If Rates Rise. Here’s Why

TOPLINE While mortgage rates have been rising lately – in tandem with climbing 10-Year Treasury yields – most housing experts think home sales will remain brisk this year as rates remain low by historical standards and inventory stays tight. KEY FACTS Mortgage rates have increased in six of the last eight weeks, as the benchmark…
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Now that mortgage rates are surging, are Americans making a big mistake?

As mortgage rates suddenly skyrocket to heights not seen in months, borrowers are backing away and demand for home loans is falling, according to new data from a lenders trade group. But experts who keep a close eye on rates say consumers may have the wrong idea and could wind up being sorry. Homebuyers who…
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The Number of Hispanic Households Will Skyrocket by 2040. How Can the Housing Industry Support Their Needs?

Urban Institute, Feb. 25, 2021–Laurie Goodman, Jun ZhuHispanic households will account for 70 percent of net new homeowners between 2020 and 2040. Despite the many barriers to homeownership they face, they are the only racial/ethnic group that will experience an increased homeownership rate over that period. The authors outline three ways lenders and policymakers can…
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2021 Housing Market ‘Red Hot’

The past year has been like no other, housing-wise. Near-record-low interest rates, tight housing supplies and greater flexibility in where one lives have pushed a normally predictable housing cycle into uncharted territory, as three new housing reports show. RE/MAX: Winter Months Leave Buyers Undeterred RE/MAX, Denver, said its National Housing Report for January saw home sales jump…
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Mass. housing market off to ‘strong’ start in 2021, trade group says

The Bay State’s housing market saw “healthy” demand from buyers in January, creating a “strong” start for 2021, according to the Massachusetts Association of Realtors. In its monthly indicators report, the trade group said closed sales this January increased by 7.8% for single-family homes and 9.8% for condo sales compared to January 2020. The increase…
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