The biggest failing of the summer blockbusters is the housing market.When the Bank of Canada finally began its trend-setting cuts to overnight interest rates a few weeks ago, the expectation was that lower rates would trickle down to mortgages, improving the ability to repay mortgages.Prices remain high and mortgage rates have only fallen slightly, so if you want or need to buy now, your ability to do so may depend on getting the best mortgage rate discount possible.To get a sense of where mortgage rates are at, let's look back at the Bank of Canada's move to cut overnight interest…
Author: Private Lending Agent
The Consumer Financial Protection Bureau (CFPB) is seeking to require mortgage servicing companies to take further steps to help struggling homeowners before going into foreclosure. The CFPB said in a press release on Wednesday that it will publish proposed rules on the issue on Wednesday (July 10) and will accept public comments until September 9. “Ensuring that struggling homeowners can get the help they need without unnecessary obstacles is good for borrowers, good for servicers, and good for the economy as a whole,” CFPB Director Rohit Chopra said in a statement. “The CFPB's proposal will reduce inevitable foreclosures and make…
RW Capital says banks' retreat from commercial real estate lending is revitalizing Australia's private credit sector, with investors increasingly turning to real estate private credit opportunities in search of higher yields. Credit Connect Group says private credit remains a relatively unknown asset class in Australia, despite competitive yields. Singer-songwriter Paul Kelly's timeless song, “From Little Things, Big Things Grow,” sums up the direction of Australia's private credit market, according to fund manager RW Capital. Luke Dixon, head of institutional capital and research at RW Capital, told Stockhead that non-bank lending was growing in Australia, particularly in the property sector. Dixon…
For many people, moving to a new home is fun and exciting in many ways, but the actual moving part is not something most people enjoy. Moving day can be stressful for many reasons, including: Many people don't have the luxury of time to move. Ideally, you'd be able to take time off work to move. But life doesn't stop completely when you're moving, so many of the things you have to do have to fit around your work schedule and other obligations. It's hard to time everything perfectly. Whether you're renting or owning your home, it's nearly impossible to…
Exploring Idaho’s Caves Idaho is well known for its majestic mountains, sprawling rivers, and vast wilderness areas. However, beneath its scenic landscapes lies a hidden world waiting to be explored: its caves. These subterranean marvels offer unique opportunities for adventure, scientific discovery, and an appreciation of the natural forces that shape our planet. This article will guide you through some of Idaho’s most fascinating caves, their geological significance, and what explorers can expect to observe when they visit. The Significance of Idaho’s Caves Caves are natural voids in the ground, typically formed through the erosion of limestone by acidic water…
Mortgage rates have been hovering in a narrow range for over a month, with the top 30-year fixed rate average staying within a range of just under the 7.0% mark throughout. Yesterday the figure was 7.01, but today it dropped to 6.99. This matches the level last seen on June 14th, and you'd have to go back to March to see anything lower. After a surprisingly quiet last month, tomorrow presents another opportunity for a bigger change (or threat) in interest rates, whose movement is entirely dependent on the outcome of the Consumer Price Index (CPI). The CPI is the…
July 10, 2024 This paid article is sponsored by Pendar Properties. Once a rite of passage, buying your first home may be worth reconsidering given the current market. “There's this notion that you're not really an adult until you own your own home,” says Ann Fiorita, a financial advisor at Waddell & Reed, “but the truth is, especially today, homeownership is not a prerequisite for adulthood, nor is it probably the smartest financial move.” Fiorita suggests considering your motivations as a future homeowner. “Is it for a better quality of life? And can you afford it? If so, great, go…
If you're thinking about selling your home, here's what you really need to know: Even though it's still a seller's market today, that doesn't mean you have free reign over your asking price. While home prices are still rising in most areas, the pace of appreciation is slowing as rising mortgage rates are squeezing buyer demand. At the same time, the supply of homes for sale is increasing, which means buyers have more options and, unless the price is right, your home may not stand out as much. These two factors combine to make a home's asking price even more…
If you don't live in Apex, you may not be aware of all the great coffee shops the city has to offer. They're all a little different, and depending on your preferences, you might like one more than the others. We've put together a great list here that outlines what makes each of the coffee shops in Apex, North Carolina unique. Central Apex NC Coffee Shop Notes Coffee House Notes is a unique coffee house with a very interesting menu. In addition to traditional coffee, they also have lotus drinks like the Pink Lotus with watermelon, raspberry, and cherry. They…
How would you feel if you knew that every time you communicated with a lender, an AI was also on the phone and taking notes?Not all lenders are doing it right now, but it could become more widespread in the future: Several large mortgage lenders have begun to promote artificial intelligence as a tool that can help make the mortgage process faster and easier, and therefore make more loans.But how do we define AI? How can AI help in the mortgage process? And are there regulations in place to protect you? To get the facts straight, we spoke to experts…