Residential Real Estate

Mortgage Rates Continue Their Upward Climb

Mortgage Rates Continue Their Upward Climb

By Matt Ott | The Associated Press | September 8, 2022 | Reprints

Average long-term U.S. mortgage rates jumped again this week, hitting the highest levels in almost 14 years and pushing even more would-be buyers out of the market.

Calm Before Storms? Hurricane Season Oddly Quiet So Far

Calm Before Storms? Hurricane Season Oddly Quiet So Far

By Seth Borenstein and Rebecca Santana | The Associated Press | September 6, 2022 | Reprints

In a state where valuable coastal real estate is increasingly at risk from storms and memories of Superstorm Sandy remain fresh, the prognosis for each year’s hurricane season is a subject of concern.

ARM Application Rate the Highest Since 2007

ARM Application Rate the Highest Since 2007

August 26, 2022 | Reprints

The share of borrowers applying for an adjustable-rate mortgage is the highest it’s been in 15 years, a new analysis by Zillow has found, but unlike the lead-up to the subprime mortgage crisis, these borrowers remain well-qualified.

What Taxes Are in Democrats’ Big Bill?

What Taxes Are in Democrats’ Big Bill?

By Lisa Mascaro | The Associated Press | August 8, 2022 | Reprints

Democrats’ compromise of health care, climate change and deficit-reduction strategies is paid for largely with new corporate taxes, including a 15 percent minimum tax on big corporations to ensure they don’t skip out on paying any taxes at all,

Mortgage Rates Under 5 Percent for First Time Since April

Mortgage Rates Under 5 Percent for First Time Since April

By Matt Ott | The Associated Press | August 4, 2022 | Reprints

The average long-term U.S. mortgage rate fell below 5 percent for the first time in four months, days after the Federal Reserve jacked up its main borrowing rate in an aggressive effort to get inflation under control.