Tag Archives: mortgages

Metros where U.S. rent prices have dropped the most

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 …

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New home sales rise for 3rd straight month in December

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 …

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Mortgages – Reformation – Mutual mistake

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’) …

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Just Mortgages gets set for growth with five new regi…

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 …

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Mortgage demand jumps, as interest rates drop to lowest in months

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 …

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State input needed in financing mortgages

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 …

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