Wesley Mortgage, LLC, the “Official Mortgage Provider of the Tennessee Titans,” has partnered with the Tennessee Titans to honor community heroes throughout Middle Tennessee in 2021. Nominations for the 2024 season are currently open and can be made at https://www.tennesseetitans.com/community-hero/ . Wesley Mortage and the Titans are inviting people to nominate unsung community members who are making a difference through nonprofits, volunteer programs and other activities that make a positive impact. Past heroes include people with inspiring personal stories. “As Middle Tennessee's local mortgage company, we're excited to highlight the people and organizations making a difference locally,” said Steve Medes,…
Author: Private Lending Agent
NEW YORK, July 3, 2024 /PRNewswire/ — According to Technavio, the global wellness real estate market size is estimated to grow by USD 1.26 billion between 2024 and 2028. The market is estimated to grow at a CAGR of 32.14% during the forecast period. The growing demand for wellness real estate from the luxury residential sector is driving the market growth, with a trend towards increasing demand for regenerative living. However, intense competition in the wellness real estate market poses challenges. Key market players include Berkeley Group, CBRE Group Inc., Delos Living LLC, DPZ CoDesign LLC, EFFEKT Arkitekter ApS, Gamuda…
Mortgage rates rose sharply in the week ending July 3, with the average rate on a 30-year fixed-rate loan again exceeding 7%.The average APR on a 30-year fixed-rate mortgage was 7.01%, up 20 basis points from the previous week's average, according to rates provided to NerdWallet by Zillow. One basis point is one-one-hundredth of a percentage point.Rising interest rates, economic declineIn fact, mortgage rates probably should have fallen this week, and not just because people are more interested in hot dogs and fireworks than buying and selling homes.Economic data released this week was unspectacular, but it suggests the economy is…
Mortgage rates rose sharply in the week ending July 3, with the average rate on a 30-year fixed-rate loan again exceeding 7%.The average APR on a 30-year fixed-rate mortgage was 7.01%, up 20 basis points from the previous week's average, according to rates provided to NerdWallet by Zillow. One basis point is one-one-hundredth of a percentage point.Rising interest rates, economic declineIn fact, mortgage rates probably should have fallen this week, and not just because people are more interested in hot dogs and fireworks than buying and selling homes.Economic data released this week was unspectacular, but it suggests the economy is…
Mortgage rates rose sharply in the week ending July 3, with the average rate on a 30-year fixed-rate loan again exceeding 7%.The average APR on a 30-year fixed-rate mortgage was 7.01%, up 20 basis points from the previous week's average, according to rates provided to NerdWallet by Zillow. One basis point is one-one-hundredth of a percentage point.Rising interest rates, economic decline In fact, mortgage rates probably should have fallen this week, and not just because people are more interested in hot dogs and fireworks than buying and selling homes.Economic data released this week was unspectacular, but it suggests the economy…
A for sale sign stands outside a home in Niles, Illinois, Monday, July 1, 2024. The Labor Department on Wednesday, July 3, 2024, reported the number of people who applied for unemployment benefits last week. (AP Photo/Nam Y. Huh) The average interest rate on a 30-year mortgage rose this week, raising the cost of mortgage borrowing for the first time since late May. Mortgage buyer Freddie Mac said Wednesday that interest rates rose to 6.95 percent from 6.86 percent last week. The average rate a year ago was 6.81 percent. The increase follows four weeks of declines in the average…
The U.S. Department of Housing and Urban Development (HUD) announced Wednesday that it has released five new language translations for 19 separate single-family mortgage documents used to service mortgage loans insured by the Federal Housing Administration (FHA). The new translations are available in Chinese, Korean, Spanish, Tagalog and Vietnamese and can be accessed through FHA's Language Access webpage , and are designed to “assist lenders, servicers, housing counselors, and other FHA program participants in explaining information related to FHA-insured mortgages to people with limited English proficiency prior to executing these documents in English, as required by law.” The department said…
SAN DIEGO, CA – July 3, 2024 – Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced that mortgage locked volume decreased 7.84% compared to the previous month. The decline comes after a temporary increase at the start of the homebuying season, signaling a continued stalemate between limited housing supply and rising interest rates. To gain comprehensive insights into market trends, industry professionals and enthusiasts are encouraged to download the complete report. The decline in activity in June was driven in part by limited home supply and mortgage rates hovering around 7%.…
Toronto-based HomeEquity Bank (HEB), Canada's leading reverse mortgage lender, announced that Katherine Dudchuk will take over as CEO following the retirement of her predecessor, Stephen Ranson. Ranson announced earlier this year that he would step down, effective June 30. Datszak had been preparing to take over as CEO since May and took over the role the following day. “Katherine's extensive experience across the financial services industry and her experience developing high-performing teams ensures she is well positioned to positively impact the bank's customers into the future,” Daniel Jauernig, chairman of HomeEquity Bank's board of directors, said in a statement. HomeEquity…
July 3, 2024 Mark Ferguson Will the Department of Justice (DOJ) and new regulations make selling a home more difficult and expensive? As you know, the home selling landscape is about to undergo a dramatic change. I want to dig into what that means for home buyers, sellers, agents, and investors. We don't know what will happen, but the DOJ has given many hints about what they hope will happen. The DOJ may think that their actions are helping consumers, but in my opinion, if these ideas come to fruition, the opposite will likely happen. Video: How the Department of…