Mortgage application volume barely moved last week, falling 0.5% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Rates, meanwhile, dropped back a little bit last week, but they’re still near a 22-year high. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less)
Month: November 2022
The Federal Reserve raised the target federal funds rate by 0.75 percentage point for the fourth time in a row on Wednesday, marking an unprecedented pace of rate hikes. The U.S. central bank has raised the benchmark short-term borrowing rate a total of six times this year, including 75 basis point increases in June, July and
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Getty Images Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing slump deepens. The bank had about 18,000 loans in its retail origination pipeline in
The powerful head of Vornado Realty Trust appeared to knock the wind out of Gov. Kathy Hochul’s plan to erect new office skyscrapers in the Penn Station area on Tuesday, when Chief Executive Steven Roth said the time is not right for major new development. Publicly traded Vornado owns most of the 10 sites in
The U.S. and Mexico are in a contentious spot in their relationship. The U.S. says that Mexico must let American companies do business in Mexico since Mexicans have all this affordable gas. Now Mexico may give in to that request but, we’ll see. 💰 moomoo Open and Deposit to get up to 10 FREE stocks
It’s 2022 and inflation is on the rise! Join us for our 2022 Market Inflation Explained: Why to invest in Stocks and Real Estate video. Where we will discuss inflation and how stocks and real estate investing should play into it. 🚀 Ready To Make Your Money Work For You? Learn Next Level Passive Income
Follow these 5 rules and owning rental property will be a rich and rewarding experience. Ignore one (or more) of these rules and your rental property dream could become a nightmare. 0:00 Introduction 01:41 Rule # 1 10:49 Rule # 2 14:19 Rule # 3 16:29 Rule # 4 21:01 Rule # 5
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The housing market is in BIG trouble… Pending home sales (i.e. signed contracts between a homebuyer and seller) dipped to the lowest levels since June 2010 (excluding April 2020 when we had stay at home orders across much of the nation). Also, on a year over year basis, pendings dipped by 31% in September. This
Leaky homes and buildings are some of the greatest climate offenders, but a Dayton, Ohio-based start-up is making big gains in shoring up the problem. Aeroseal, which seals both air ducts and building envelopes, is now available across America and in 29 countries. Leaky airducts and walls are the single largest reason for wasted energy
Restless residents of the country’s major coastal cities continue to eye the exits, according to a new study. A record number of homebuyers want to decamp to new metro areas — with New York, San Francisco and Los Angeles leading the charge, according to a report from real estate site Redfin. About 24% of all
Putin is sounding the alarm about a major nuclear catastrophe and they’re ignoring it, pretending they don’t see it. At the same time the Pentagon is ramping up nuclear weapons to Europe. Peace talks now! ✅ Sign up for our Free DAILY newsletter delivered right to your inbox first thing in the morning. ➜ https://redacted.inc
Real estate investing is one of the best ways to increase your net income, generate passive revenue, and own physical property that you can sell for a profit. This short video gives you 4 of the best real estate books for beginners looking to get started in real estate investing. Do you have questions about
Frustrated by how long it’s taking to achieve legitimate financial freedom from real estate? There is a shortcut! Thanks to a little known provision in the IRS tax code that was slide into the 2017 Tax Cuts and Jobs Act, you can drastically accelerate how fast you achieve real estate freedom. For more information on
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WOW! Here’s an eye-opening report for you. We’re seeing massive changes in the US housing market given the fact that mortgage rates have more than doubled over the past year. For example, the share of reduced priced listings has doubled over the past 5 months and we’re seeing huge gains in the number of houses
In this article JPM MSFT INTU Follow your favorite stocksCREATE FREE ACCOUNT A JPMorgan logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and embrace digital payments. The bank is piloting a platform it
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