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With mortgage rate volatility, buyers can save by shopping around

Purchase mortgage rates rose 40 basis points to 6.70% this week, the highest level since 2007. But the volatility of rates means buyers can save hundreds per month by shopping around. ....

United States , Freddie Mac , Sam Khater , Housingwire Mortgage Rates Center , Market Committee , Federal Reserve , Mortgage Bankers Association , Federal Open Market Committee , Mortgage Rates Center , Black Knight , Optimal Blue , Rich Weidel , Southern California ,

As FGMC shuts down, lender partners question fate of loans in pipeline

Lending partners of FGMC are frustrated. They say the company agreed to buy millions of dollars in mortgages, but has gone silent since laying off about 80% of its staff on Friday. ....

United States , Cassie Vacante , Louis Wilson , Texas Workforce Commission On , First Guaranty Mortgage Corporation , Pacific Investment Management Company , Federal Reserve , West Coast Based , Rich Weidel , Texas Workforce Commission , Human Resources ,

Expert Predictions for 2021 Real Estate Trends

Expert Predictions for 2021 Real Estate Trends
Money.com
12/28/2020
© Chris Gash for Money
Real-Estate-Trend-Predictions
This year has been a unique one for real estate. Though the pandemic slowed the majority of the economy down, the housing sector boomed in 2020.
In fact, it saw almost unprecedented success. Buyer demand soared (up 40% at one point), bidding wars were a constant presence, and mortgage rates bottomed out hitting a new record low more than a dozen times over, according to Freddie Mac.
The market even bucked the traditional fall slowdown, with unseasonably strong demand well into the cooler months. All this, despite an ever-worsening pandemic. ....

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