Expert predicts housing market reawakening as mortgage rates fall below 5%

Expert predicts housing market reawakening as mortgage rates fall below 5%

House prices have reached a new all-time high and mortgage rates have started to fall – but that won’t yet be enough to revive the property market, according to an expert. Even as borrowing costs fall, keeping home buyers away, the “lock-in effect” of homeowners reluctant to sell and give up their current 3% or … Read more

Long Island Squatters Finally Move Out After Alleged Decade-Long Mortgage Abuse Exposed

Long Island Squatters Finally Move Out After Alleged Decade-Long Mortgage Abuse Exposed

Two allegedly racist Long Island squatters, who hadn’t paid their mortgages for more than a decade, appear to have finally moved out a week after their “abuse” of the justice system was exposed by the Post. Moving trucks were spotted Wednesday in the driveway of the 1,536-square-foot, four-bedroom, two-bathroom home on Friendly Lane in Jericho, … Read more

Real Estate Market: Mortgage Rates Decline Providing Respite Amid High Prices and Tight Inventory

Real Estate Market: Mortgage Rates Decline Providing Respite Amid High Prices and Tight Inventory

After almost reaching its all-time high of 8%, By the end of this year the mortgage rate began to decline For the latest report from the Mortgage Bankers Association, it stands at 6.8%, one of the lowest levels since June. In the midst of a real estate market completely cornered by home prices, lack of … Read more

2023 Mortgage Trends: Why Mixed Mortgages Are the Best Option

2023 Mortgage Trends: Why Mixed Mortgages Are the Best Option

Mixed mortgages have been the queens of 2023, benefiting from a changing environment in terms of the Euribor in a year in which the European Central Bank (ECB) has carried out several interest rate increases. For this reason, those who want to buy a home ask themselves: is it advisable to sign a cheaper mixed … Read more

How a Reverse Mortgage Can Help Retirees and Dependent Individuals in Spain

How a Reverse Mortgage Can Help Retirees and Dependent Individuals in Spain

In this way, in general, the average consumer suffers a loss of purchasing power and is unable to find financing beyond their salary. This problem is aggravated when we talk about pensioners or dependent people who see their income decrease even more and their economic capacity especially suffers from this generalized inflation. According to data … Read more

He paid off his 6 million mortgage! Mom got remarried and was forced to transfer the property to an “unrelated person” | Life | CTWANT

He paid off his 6 million mortgage! Mom got remarried and was forced to transfer the property to an “unrelated person” | Life | CTWANT

(Image/reproduced from pixabay) A male netizen revealed that after his father passed away, he paid off the remaining 6 million in mortgage payments. Unexpectedly, after his mother remarried, in addition to asking him to give gifts to please her husband, he also wanted to transfer the house where he had paid 6 million in mortgages … Read more

The Euribor drops but how does it affect mortgages?

The Euribor drops but how does it affect mortgages?

The recent decrease in the Euribor, a crucial indicator for variable mortgages in Spain, has caught the attention of many citizens. Despite being the most significant drop in the Euribor in a single month since August 2012, its effect on mortgages remains a topic of discussion. In this month of November, The Euribor has reached … Read more

Mortgage applications to buy a home in the US increase for the fourth week

Mortgage applications to buy a home in the US increase for the fourth week

Bloomberg — Mortgage applications for home purchases in the US increased for the fourth consecutive week, the largest streak of increases since March, helped by a further relaxation in borrowing costs. The Mortgage Bankers Association’s purchase application index rose 4.7% to a two-month high of 144.9 in the week ended Nov. 24. The contractual rate … Read more