Image credit: Getty ImagesArticle information Authors: Laura Jones and Chris Newlands Role: Business reporter 5 July 2024, 07:59 BSTUpdated 3 hours agoShares in British housebuilders soared on Friday after Labour's landslide victory in the general election returned the party to power for the first time since 2010.Vistry, Persimmon, Taylor Wimpey, Barratt and Berkeley all closed up 2-3% following Labour's new housebuilding plans.During the election campaign, Labour focused primarily on tackling housing supply issues, promising to build 1.5 million homes in the next Parliament.The party has promised to reform the planning system, but some have warned that this will not be…
Author: Private Lending Agent
Mortgage rates are rising for the first time since the week of May 30, raising concerns about the housing market. Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors (NAR), appears on Wealth! to discuss how mortgage rates are impacting the outlook for the U.S. housing market.Lautz said rising interest rates are “really difficult” and “disheartening” for prospective homebuyers. She stressed that affordable housing inventory remains hard to find, and that new home construction is crucial to increasing supply. Many existing homeowners are hesitant to sell because of low fixed interest rates, further…
The outlook for nonbanking jobs has become somewhat more optimistic this spring, but overall employment growth over the past month has been slightly stronger than expected, raising questions about the outlook for mortgage lending.Combined, independent mortgage bankers and brokers increased employment to 271,500 in May, up from a downwardly revised 268,600 in the previous month, according to the Bureau of Labor Statistics. In June, which had a shorter lag, employment numbers rose by 206,000.The overall employment data, taken in isolation, could put upward pressure on interest rates and impact mortgage sales, but when combined with other indicators, the outlook for…
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,…
As homebuyer traffic begins to taper off and available home inventory increases significantly, market conditions are shifting in favor of homebuyers. However, pending sales are up slightly and prices remain stable, giving sellers room to benefit from the lingering effects of the spring selling season. As homebuyer traffic decreases and new home inventory is expected to increase over the summer, conditions will become increasingly favorable for those interested in purchasing a home. Below, we explore the individual factors currently shaping the Portland, Oregon housing market. Portland home buyer traffic down Over the past few months, buyer foot…
SOUTHINGTON, Conn. (July 5, 2024) – CENTURY 21® AllPoints Realty and Realty Quest, Inc. today announced a strategic merger that further expands award-winning, family-owned real estate brokerage CENTURY 21® AllPoints Realty in Florida. This alliance will allow both companies to join forces and leverage each other's strengths to provide the best tools and services to their agent base and clients. CENTURY 21® AllPoints Realty is committed to achieving shared goals and creating long-term value for our clients. “We have had the opportunity to work with Phil DeFronzo and Patty White on our AllPoints Mortgage mortgage joint venture. Their business acumen…
Are you having trouble paying your current mortgage every month? Have interest rates fallen since you got your loan? If you answered “yes” to either of these questions, it might be time to consider a refinance. You can impact your monthly mortgage payments, remove private mortgage insurance, shift to an adjustable-rate or fixed-rate mortgage, change to the current mortgage rates and even cut back on origination fees.Quick Look at the Best Refinance Lenders:Best Mortgage Refinance Lenders of July 2024Let’s take a look at some of the best mortgage companies on our radar.1. Best for Bank Statement Loans: Angel Oak Mortgage…
Chicago Atlantic Real Estate Finance (NASDAQ:REFI) stands out in the cannabis capital provider and mortgage REIT (mREIT) sector thanks to its premium valuation, impressive dividend yield, and solid growth track record. “Five of the six publicly traded cannabis capital providers are listed on the NASDAQ, with NLCP (OTC:NLCP) being the exception, however some may not be able to offer adequate compensation at this time due to their liquidity, size, and/or relative newness,” senior equity analyst Pablo Zuanic wrote in a recent report. Performance and Rating Comparison REFI is trading at 3% above its book value, reflecting strong investor confidence in…
The Department of Housing and Urban Development has produced translations of 19 Federal Housing Administration mortgage servicing documents to improve access to information for borrowers with limited English proficiency.These documents are currently available in the five major languages other than English most commonly spoken by U.S. residents: Chinese, Korean, Spanish, Tagalog and Vietnamese.”We continue to work to remove language access barriers for borrowers of FHA-insured mortgages,” Federal Housing Administrator Julia Gordon said in a press release. “We believe it's critical that borrowers understand their options for buying a home and that existing borrowers can get help if they're having difficulty…
press releaseMADISON, Wis. — Fairway Independent Mortgage Corporation, ranked No. 1 in customer satisfaction among mortgage originators in the J.D. Power 2023 U.S. Mortgage Origination Customer Satisfaction Study, today announced that two of its nonprofit organizations achieved new levels of impact and outreach this year.The American Warrior Initiative, known as AWI, raises awareness of the challenges faced by men and women who have served in the military, police, fire departments and other frontline organizations. As part of its efforts, AWI funds service dogs and their training for military veterans and first responders. Yesterday in Wisconsin, AWI donated four service dogs…