date July 13, 2024 10:52:13 AM (MENAFN – Send2Press Newswire) SALT LAKE CITY, Utah, July 11, 2024 (SEND2PRESS NEWSWIRE) — Mobility market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industry, today announced that Heidi Iverson, VP of Strategic Partnerships, has been named a Mortgage Star by Mortgage Women Magazine. Image caption: Heidi Iverson for MMI. “Leveraging data and strategic partnerships enables mortgage professionals to succeed, regardless of market conditions,” said Ben Teerlink, founder and CEO of MMI. “Heidi's extensive industry experience, deep product expertise…
Author: Private Lending Agent
Today's mortgage rates Average mortgage rates fell slightly yesterday, but overall this week has been strong: rates have not increased once in the past seven days, and rates closed at their lowest level in four months yesterday. Mortgage rates may move a little lower next week. But it's entirely possible that this prediction could be wrong. Read on to find out what's going on. Find and lock in a low interest rate Current Mortgage and Refinance Rates Program Mortgage Rate APR* Variable 30 Year Fixed VA 6.787% 6.833% -0.29 30 Year Fixed FHA 6.74% 6.787% -0.24 Regular 15 Year Fixed…
Rising home prices and current mortgage interest rates have put a damper on the housing market, discouraging first-time homebuyers and those looking to move. Home affordability is significantly lower than it was a few years ago, forcing people to change their expectations about the path to homeownership. This exacerbates the economic hardship felt by the public and calls into question a key element of the American Dream. When Rachel Burress moved into her mother's house about 10 years ago, it seemed like a temporary pause on her journey to homebuying. The 35-year-old hairdresser has spent the past few years improving…
Showing homes available for sale in Austin, TX on May 22, 2024. Brandon Bell | Getty ImagesWhen Rachel Burress moved into her mother's house about 10 years ago, it seemed like a temporary pause on her journey to homebuying.The 35-year-old hairdresser has spent the past few years improving her credit score and saving for a down payment, but with mortgage interest rates hovering near 7 percent and home prices soaring, the mother of three doesn't see herself being able to sign the contract to buy her own home anytime soon.”I don't even know if I'll ever be able to go…
Showing homes available for sale in Austin, TX on May 22, 2024. Brandon Bell | Getty Images”I don't even know if I'll ever be able to go out and have my own home,” said Burress, who lives in Aledo, Texas, about 20 miles from Fort Worth. “We just feel like we're stuck, and it's really hard to cope.”Burress' experience mirrors that of millions of Americans whose financial and personal lives have been disrupted by soaring home prices and high borrowing costs, which may help explain some of the pessimistic sentiment about the state of the national economy.It also sheds light…
Calculated Risk 2024/7/13 08:44:00 AM The main reports this week are June retail sales and housing starts.For manufacturing, the June industrial production report and the July New York and Philadelphia Fed manufacturing surveys will be released. —– Monday, July 15th —– 8:30am: New York Fed Empire State Manufacturing Index for July. Consensus is -6.0, unchanged from -6.0.12:30 PM: Discussion, Fed Chairman Jerome Powell in conversation with David M. Rubenstein, President of the Economic Club of Washington, D.C. —– Tuesday, July 16th —– 8:30am: June retail sales figures are due to be released. The consensus is that retail sales will be…
Stay up to date with free updatesSimply sign up to the myFT Digest of US Interest Rates and have it delivered straight to your inbox.Federal Reserve officials have given their strongest signal yet that they are preparing to cut interest rates, raising the prospect of relief for long-suffering U.S. borrowers for the first time since the coronavirus pandemic caused inflation to explode in the world's largest economy.In multiple public comments this week, including at Chairman Jay Powell's congressional hearing, central bank officials spoke with renewed confidence about having inflation under control and being ready to embark on a policy shift.Adding…
Federal Reserve Chairman Jerome Powell speaks during a House Financial Services Committee hearing on the Federal Reserve's Semi-Annual Monetary Policy Report at the U.S. Capitol in Washington, DC on July 10, 2024. Discussing the declining inflation rate, Chairman Powell said, “The U.S. debt level itself is not unsustainable, but the path we're on is unsustainable.” (Photo by Bonnie Cash/Getty Images) Every now and then, it's a good idea to clear your mind, empty your inbox, and let your thoughts go random. Today, dear readers, is such a moment. It is fascinating how the mind wanders through a maze of seemingly…
Zillow's chief economist says short-term tactics like flipping homes no longer work as prices continue to rise. Instead, use these three easy ways to build wealth.We adhere to strict editorial standards to help our readers make decisions with confidence. Some or all of the links contained in this article are paid links.In the current U.S. housing market, Zillow chief economist Skylar Olsen advises investors to look for areas with long-term prospects and avoid get-rich-quick schemes that involve flipping homes.In an interview with Business Insider in March, she warned investors against participating in strategies that rely on short-term holds, saying, “When…
Fixed mortgage rates haven't changed much since yesterday. The 30-year and 15-year fixed rates are both down 1 basis point, while the 20-year fixed rate remains stable. However, there is one trend worth noting: yesterday, the 30-year fixed rate fell below 6.50% for the first time in months, according to Zillow data. It's encouraging to see the 30-year rate remain relatively low for a second day in a row.Now could be a good time to buy a home. Interest rates are inching lower, as they often do during the summer, and housing inventory is increasing, giving you more options.Read more:…