
Image Caption: Co-working spaces have become a popular amenity in residential buildings.
I keep warning folks that mortgage rates are going higher, possibly back to the 7% range. And the main reason is because the war in the Middle East is dragging out longer than anticipated. That could lead to even higher oil prices, which already spiked gas prices and are now affecting input costs on virtually… Read More »Mortgage Rates Now Facing War and Hot Jobs Headwinds
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This might be one of the strangest things I’ve ever heard come out of the mortgage industry. And the mortgage industry is no stranger to strange things. Chicago-based Rate (formerly known as Guaranteed Rate) has launched RateFit, a so-called “lifestyle brand.” They were the 7th largest mortgage lender in the country last year, but apparently… Read More »A Top-10 Mortgage Lender Has Launched an Athleisure Clothing Line
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After what was a decent week for mortgage rates, in which they fell back closer to 6.50%, they appear to be on the rise again. The latest driver (surprise, surprise) is tensions in the Middle East and higher oil prices as a result. That pushed 10-bond yields back up about five basis points today, which… Read More »Mortgage Rates Back on the Move Higher as U.S.-Iran Talks Stall
The post Mortgage Rates Back on the Move Higher as U.S.-Iran Talks Stall appeared first on The Truth About Mortgage.
I still get the feeling that mortgage rates are going to go HIGHER before they cool off again. I’m aware there are rumblings of some sort of accord in the Middle East, but I’ve also seen this movie before. It takes time to resolve big, global conflicts, and if Iran opens the Strait of Hormuz,… Read More »Higher Highs for Mortgage Rates Before They Come Down?
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