January 13, 2025
The Federal Reserve’s monetary policy has long been a cornerstone of the U.S. economy, influencing everything from credit card rates to mortgage costs. As we move into 2025, the Fed’s decision to slow the pace of interest rate cuts is… Continue Reading…
Freddie Mac (OTCQB: FMCC) has announced mortgage relief options for homeowners affected by wildfires in the Los Angeles area. The company’s forbearance program offers up to 12 months of mortgage relief without late fees or… Continue Reading…
BALTIMORE, MD—Bayview Asset Management, LLC, a mortgage company, and three of its affiliates have agreed to a $20 million settlement with 53 state regulators following a 2021 data breach that affected 5.8 million customers nationwide, including 124,000 in Maryland. The… Continue Reading…
If mortgage rates fall below 6%, it could make buying a home a lot more affordable in 2025. Getty Images We’re just a few weeks into the new year, but we are already seeing mixed signals in the U.S. economy.… Continue Reading…
Higher mortgage rates had a disparate impact on housing construction in the Twin Cities metro during 2024, causing apartment construction to wither while homebuilding gained ground. Last year, cities issued builders and developers 6,281 single-family permits, a 14% increase from… Continue Reading…
Richard Lambert is a résumé writer who gets most of his work on Fiverr. He charges about $85 for a basic résumé and has made over $1 million yearly since 2020. His home and vacation property are paid off, but… Continue Reading…
Mortgage loan officers are renewing their origination license for 2025 at a comparable pace to last year, contradicting social media chatter within the home lending community about fewer LOs planning to stay onboard for the year ahead. As of Jan.… Continue Reading…
Mortgage interest rates have been going up. According to Zillow, the 30-year fixed mortgage rate has increased by 11 basis points since last week and is now 6.78%. The weekly 15-year fixed rate has risen by seven basis points to… Continue Reading…
The rate gap between the average two and five-year fixed-rate mortgage has shrunk to its narrowest level in two years, according to a financial information website. At the start of January, the average two-year fixed-rate mortgage was 0.23 percentage points… Continue Reading…
WASHINGTON, DC – JULY 9: Chair of the Federal Reserve of the United States Jerome Powell speaks … [+] during a Senate Banking, Housing, and Urban Affairs Committee hearing on the Semiannual Monetary Policy Report to Congress at the U.S.… Continue Reading…