Author: badmortgage
Editor’s note: The brokerage business is a busy one, with frequent moves, mergers and milestones. Here we highlight some of the latest activity among brokerages across the U.S.New affiliation brings hundreds of agents to UnitedUnited Real Estate has welcomed Allison James Estates and Homes, a 725-agent brokerage based in Port Charlotte, Florida, that also boasts agents in California, Maryland, Nevada, Texas, Massachusetts, Virginia and Washington, D.C. The move is part of United’s ongoing national expansion efforts and follows its addition of MORE Realty in 2025 and Premiere Plus Realty in 2024.The company said its model — which allows partnered firms to…
The Middle East war is impacting something most Canadians may not have expected: the cost of some mortgages.Last month, three- and five-year fixed mortgages increased by 0.5 per cent in just three weeks, said Marshall Tully, a Toronto-based mortgage broker. “Unfortunately, it’s possible that trend could continue,” Tully said.According to the Canada Mortgage and Housing Corporation (CMHC), 1.4 million mortgages will be renewed by the end of the year, representing about 23 per cent of all mortgages. Many of those would have received much lower rates from 2021.“Many people are coming into their renewals totally blind and thinking that rates just…
Political uncertainty and higher mortgage rates didn’t derail metro Denver’s housing market as buyers and sellers alike pushed forward to the closing table last month. Metro Denver home and condo sales shot up 28.1% between February and March, reaching 3,631 closings, according to a monthly update from the Denver Metro Association of Realtors. Despite a very sluggish start to the year, which saw the weakest January for home sales since 2008, purchases in the first quarter are now down only 5% compared to the same period a year ago. Buying activity in metro Denver normally dials up with warmer weather,…
LOS ANGELES — The economic fallout from the war with Iran is driving up the cost of buying a home, even as other housing market trends in many parts of the country favor home shoppers this spring.Mortgage rates have been rising since the war began, as surging energy prices heighten worries about higher inflation, pushing up the yield on U.S. 10-year Treasury bonds, which lenders use as a guide to pricing home loans. As recently as the last week of February, the average rate on a 30-year mortgage dropped to just under 6%, its lowest level in more than three…
This week has been full of different things for me. Not bad — just different.
Mortgage rates have declined five days in a row. According to the Zillow lender marketplace, the current 30-year fixed rate is 6.22%, down a surprising quarter point since last weekend. Meanwhile, the 15-year fixed rate is down 18 basis points from last weekend to 5.72%. Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.22% 20-year fixed: 6.23% 15-year fixed: 5.72% 5/1 ARM: 6.27% 7/1 ARM: 6.24% 30-year VA: 5.90% 15-year VA: 5.56% 5/1 VA: 5.42% Remember, these are the national averages and rounded to the nearest hundredth. Discover 8 strategies for getting the lowest…
WALDEN – One of the people believed to be a key figure in the Orange County District Attorney’s investigation into the Village of Walden’s Housing Rehabilitation Program is rejecting any allegations against him. Richard “Dickie” Baxter, a well-known real estate agent, told Mid-Hudson News that “he completely denies any wrongdoing.” “I intend to cooperate with any investigation,” said Baxter, a Walden resident, who sources confirmed has utilized the Housing Rehabilitation Program, along with family members. “I’m looking forward to a fair outcome and placing this matter in the past.” Baxter said he has not retained an attorney at this point…
HELOC and home equity loan rates are clinging to three-year lows. Unlike mortgage rates, which can vary dramatically with bond market moves, second mortgage rates are tied to the prime rate, which only changes with Federal Reserve rate changes. At this point, none are expected for the remainder of the year. The average HELOC rate is 7.20%, according to real estate analytics firm Curinos. The 52-week HELOC low was 7.19% in mid-January. The national average rate on a home equity loan is 7.47%, with a low of 7.38% in early December 2025. Rates are based on applicants with a minimum…
Realtor brings 25 years of legal expertise to William Means Real EstateWilliam Means Real Estate is proud to welcome Amy Edmonds Mathisen to its team of experienced Realtors. A Charleston native, Mathisen brings a client-centered approach informed by years of legal practice, combining strong negotiation skills, thoughtful advocacy, and deep local knowledge.”Amy has a genuine ability to connect with people and understand what matters most to them,” said Lyles Geer, President and Broker-in-Charge of William Means Real Estate. “Her legal background brings an added level of attention to detail, especially when it comes to contracts and negotiations, giving our clients…
A record number of student loan borrowers are in delinquency and default. Some are making the drastic decision to leave the country and abandon their loans.