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Best 4-year CD rates – August 2022
...there are limits to the amount of insurance. Each depositor at an FDIC bank is insured up to $250,000 per insured bank, per account category. The standard share insurance amount at an NCUA credit......

Best 3-year CD rates – August 2022
...accounts on this page are insured by the Federal Deposit Insurance Corp. (FDIC) or the National Credit Union Administration (NCUA). When selecting the best CD for you, consider the purpose of......

Best 5-year CD rates – August 2022
...not well known, as long as it’s a member of the FDIC, you can rest easy knowing each depositor (that’s you) is protected up to at least $250,000 per insured bank. At a National......

Investor homebuyers are still splurging but their market share shrunk
...to use their deep pockets to scoop up single-family homes as rising mortgage rates dampen homebuyer demand. Those buyers, made up of institutions and other businesses, bought 19.4% of homes......

Mortgage Rates Settle In the 5% Range
...search. IE users, please download Firefox, Chrome, or Edge. August 18, 2022 Mortgage rates appear to be settling in the 5% range after recent dramatic climbs that shocked home buyers. The 30-year......

US home sales slide almost 6%, fueling speculation that the market is in a 'recession'
Home sales in the U.S. fall for the sixth month in a row, the NAR said. The fall now has both realtors and homebuilders thinking the market is in a......

What is a closing statement?
...selling costs associated with that transaction. It’s a standard element of home sales, especially those that involve mortgages, and refinancings. As the name implies, this summary of expenses......

Experts: Changes to Supply Chain Will Benefit Commercial Real Estate
...for the C5 Summit this week in New York, the second year NAR has hosted the commercial real estate conference. (The “5” in the event title stands for capital, connect, commerce, community, and......

Latest Home Sales Data Points to ‘Housing Recession’
...housing report. “We’re witnessing a housing recession in terms of declining home sales and home building,” says NAR Chief Economist Lawrence Yun. “However, it’s not a recession in home prices......

Mortgage rates drop as inflation concerns ease
Mortgage rates took a step back over the past week as inflation worries eased, Freddie Mac reported. The 30-year fixed-rate mortgage average declined 9 basis points to 5.13% for the......

Buying a house in Arizona: A how-to
...expenses beyond the purchase price that you’ll pay at closing, including title insurance, escrow fees, lender fees and more. Consider whether you’ll live in the home long enough to justify those......

Plunging Home Sales Push Prices Down From Record Highs—Here's What Experts Predict As Housing Market Turmoil Continues
...on the conversation bubble to join the conversation Got it! Topline Existing home sales fell for the sixth-straight month in July as rising affordability concerns sideline potential home buyers—and......

Home sales fell for the sixth month in a row, but prices kept rising
Home sales declined for the sixth month in a row in July as higher mortgage rates and prices ph prospective buyers out of the market. Nevertheless, home prices continued to climb......

Mortgage rates drop amid signs that inflation may have finally peaked
Mortgage rates ticked lower last week, falling back toward the 5% mark following economic reports that indicated inflation might have finally peaked. The 30-year fixed-rate mortgage averaged......

U.S. existing-home sales fall a sixth month to over two-year low
...indication of how high borrowing costs and waning demand are propelling the housing market's rapid decline. Contract closings fell 5.9% in July to an annualized 4.81 million, the weakest since......

IMBs Report Losses in the Second Quarter of 2022
...usual Spring seasonal pick-up in purchase activity, in an environment of higher mortgage rates, low housing inventory, and affordability challenges,” said Marina Walsh, CMB, MBA’s Vice President......

7 minutes ago Current Mortgage Interest Rates on Aug. 18, 2022: Rates Go Up
Today some key mortgage rates climbed higher. See how the Fed's interest rate hikes could affect your mortgage payments. A number of closely followed mortgage rates moved up today. The average......

Daily Dozen | Forbes: Supersonic Travel Boom; CDC’s Pandemic Reboot; Harvard’s Helping Hand
...a groaning mountain of excess inventory contributed to disappointing second quarter results. Mortgage applications fell 2.3% to the lowest level since the turn of the century, despite falling......

A Matter Of Trust: How Tech Brands Can Adapt To Millennial-Led Buying
...all over the news. The buying habits of millennials are "supercharging the housing market," feeding crypto, NFT and metaverse consumption, fueling truck sales and even pampering pets en masse......

Why Florida is Bankrate’s best state for retirement in 2022
...Villages, the over-55 development in Central Florida. The Villages tallied 4,004 home sales in 2021, ranking it No. 1 by a wide margin not just among ac......

Housing: What is a land contract? Advantages, disadvantages of the homeownership practice.
The pandemic housing market has been especially tough for home buyers......

Latest mortgage news: 30-year rate edges up again
...of a percentage point would seem to lead to a spike in mortgage rates, concerns around a recession have stalled the increases for now. The Fed also doesn’t directly control fixed mortgage rates......

Rural Tennessee bank's new chair bets on mortgage growth in a tough market
...Funding in River Edge, New Jersey. "If anything, we anticipate that the housing market will probably fare very well in six to 18 months, as the Fed has to start lowering rates again and expand......

Homebuyer cancellations are on the rise. How can sellers protect themselves?
...the early days of the COVID-19 pandemic. This response to a changing housing market puts sellers and homebuilders in a difficult spot, left with a considerable amount of uncertainty. Why is it......

Stock Market Crash Isn't Over According To Indicator With 'Perfect' Track Record
...subsided. Expectations for third-quarter economic growth have fallen, particularly due to worse-than-projected housing market data. Chief Critic "While recession risks remain high—odds are......