Category: Real Estate News
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Mortgage applications surge 25% on regulation worry
Interest rate fluctuations and anxiety over new mortgage rules had borrowers rushing to their lenders.
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Getting a mortgage may take longer under new rules
New paperwork and disclosure rules for lenders could delay the mortgage process and cost consumers cash.
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Homes as ATMs: It’s starting again
Cash-out home refinances jumped 68 percent in the second quarter of this year compared to a year ago. Should we be worried?
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Developer confident $130M NYC penthouse will sell
Developer William Lie Zeckendorf is confident his latest luxury project, 520 Park Ave. in Manhattan, will be a success.
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Mortgage applications drop 6.7% on rate swings
A volatile stock market spooked would-be borrowers, causing mortgage applications to drop by 6.7 percent.
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Wooing millennials to buy condos: Very tiny condos
Developers are enticing the renter nation generation into home ownership through very small condos.
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Pending home sales fell 1.4% in August
Rising home prices and a tight supply of homes for sale are keeping buyers at bay, as pending homes sales fell in August.
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Mortgage applications surge 13.9% on rate dips
The drama leading up to and following the Fed’s decision not to raise interest rates had mortgage borrowers busy last week.
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Chase Mortgage CEO red flags FHA loans
Kevin Watters, CEO of Chase Mortgage, says FHA loans are subprime lending, and “we’re not in the subprime lending business.”
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Do homebuyers really care about rising rates?
Do homebuyers care about rising rates? Short answer: Sort of. Here’s why.