It's all about supply and demand. The tight supply of available homes is prompting more house hunters to bid up home prices, housing analysts say. "Prices are rising just too fast," says Lawrence Yun, chief economist with the National Association of REALTORS®. "And certainly far ahead of people's ... » Learn More about Prices Are Rising Too Fast – NAR
What Are Real Estate Investors Buying?
TRID Delayed Till October 1
The CFPB just released a statement delaying the full implementation of the complex TILA-RESPA Integrated Disclosure. WASHINGTON, D.C. — Today, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray issued the following statement on the Know Before You Owe mortgage disclosure ... » Learn More about TRID Delayed Till October 1
Ouch ! Rates Have Jumped !
Interest rates have broken out of technical areas today. This chart of the 10 year note correlates with the direction of mortgage rates. Over the past 3 days we've seen a 1/4% increase in rates, and over the 2 months it's up 3/4%. This will hurt potential buyers to qualify for loans, but also drive ... » Learn More about Ouch ! Rates Have Jumped !
CFPB will grant grace period on TRID enforcement
The Consumer Financial Protection Bureau will not delay implementing the complex TILA-RESPA Integrated Disclosure requirements that go into effect Aug.1, but there will be a good-faith enforcement grace period that both the mortgage industry and a bipartisan coalition in Congress have asked ... » Learn More about CFPB will grant grace period on TRID enforcement