Tag Archives: mortgages

The Federal Reserve is widely expected to announce its eighth consecutive rate hike at this week’s policy meeting.  This time, Fed officials likely will approve a 0.25 percentage point increase as inflation starts to ease, a more modest pace compared with earlier super-size moves in 2022. Still, any boost in …

Colorful cafe bars at the iconic Beale Street music and entertainment district of downtown Memphis, Tennessee. benedek | iStock | Getty Images Despite broad hikes in rental prices, competition is easing in some U.S. markets as inventory grows, according to a new report from national real estate brokerage HouseCanary. At …

Sales of new US single-family homes increased for a third straight month in December as mortgage rates continued to decline, offering hope that the struggling housing market was starting to stabilize. New home sales increased 2.3% to a seasonally adjusted annual rate of 616,000 units last month, the Commerce Department said on Thursday. November’s sales pace was …

Land Court By: Mass. Lawyers Weekly Staff January 25, 2023 Where a plaintiff has requested reformation of a mortgage as well as four deeds in the chain of title, that request should be granted because each of the instruments fails to adequately describe the property. “Home Point Financial Corporation (‘Plaintiff’) …

National brokerage Just Mortgages has kicked off the new year with the appointment of five new regional directors to support its growing self-employed division Mark Ferneyhough and Jason Whiteley have been appointed to support brokers in the north, Ben Peart and Jon Taylor will cover the south and …

Randy had an 850 credit score. According to FICO, the most popular scoring model, that’s as good as it gets. Still, a line on his credit report said he could lower his utilization rate, so he promptly paid off the remainder of his car loan with one $6,000 payment, and …

U.S. District Court By: Mass. Lawyers Weekly Staff January 21, 2023 Where a defendant bank has asserted an equitable subrogation counterclaim, the bank should be awarded summary judgment based on the factors set forth in East Boston Savings Bank v. Ogan, 428 Mass. 327 (1998). “Christa Katsenes (‘Katsenes’) filed this …

Consumers returned from the holiday season to find mortgage rates at their lowest point since September, and they are responding in dramatic fashion. Mortgage application volume jumped nearly 28% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate …

Homeowners and would-be buyers probably felt the post-pandemic property boom in the UK would go forever. But it slowed dramatically in the last Quarter of 2022 following the Truss/Kwarteng min-budget and the cost of living crisis. So as we enter the new world of 2023, what …

Editorials State input needed in financing mortgages Tuesday January 17 2023 High bank charges and fees triple home loan costs. FILE PHOTO | SHUTTERSTOCK That the cost of servicing mortgages in Kenya has risen on higher interest rates and charges in an economy where inflation is eating deeply into earnings …