by Danseal | Jul 9, 2020 | Finance
After a brief pullback at the end of June, homebuyers rushed back into the mortgage market last week, taking advantage of record-low mortgage rates. Mortgage applications to purchase a home rose 5% for the week and were a remarkable 33% higher than a year ago, according to the Mortgage Bankers Association’s index, which was seasonally […]
by Danseal | Jul 8, 2020 | Finance
Rick Nazarro of Colonial Manor Realty talks with a pair of interested buyers in the driveway as a couple waits to enter a property he is trying to sell during a “controlled” open house on May 2, 2020 in Revere, MA.Blake Nissen | Boston Globe | Getty...
by Danseal | Jul 7, 2020 | Finance
Pedestrians walk past commercial real estate in Manhattan.Michael Nagle | Bloomberg | Getty ImagesDelinquencies in commercial mortgage-backed securities last month had their largest one-month surge since Fitch Ratings began tracking the metric nearly 16 years ago.The...
by Danseal | Jul 7, 2020 | Finance
If you’re in the market for a house and are considering an “interest-only” mortgage, proceed with caution.With tightened lending standards amid ongoing economic uncertainty — coupled with continually rising home prices and persistent low interest...
by Danseal | Jul 7, 2020 | Finance
With mortgage rates at record lows, it’s no wonder many Americans are refinancing their homes.Add to that the coronavirus pandemic and the economic recession, and the need to find extra cash or to cut expenses becomes even greater. In fact, refinance...
by Danseal | Jul 7, 2020 | Finance
When Diane Pearson’s sons both attended Robert Morris University, buying a condo for them in the suburb of Pittsburgh made financial sense.Pearson, who is a certified financial planner, took out a home equity line of credit to purchase the property with cash in...
