On Thursday, the Dow Jones Industrial Average plunged more than 1,800 points, its largest one-day loss in three months. The decline was attributed to growing concerns over rising coronavirus cases in many states since reopening from lockdowns. The Dow fell by 1,861.82 points to 25,128.17, a 6.9...
It’s been tough to find any good news with an awareness of the coronavirus being more heightened. But homeowners and would-be-homeowners might feel differently. Refinancing rates for 30-year mortgages recently fell to 3.57 percent, while mortgage rates for new loans stood at 3.11 percent...
Mortgage rates have declined further recently, but home loan applications have actually fallen. In the past two weeks, the Market Composite Index fell by 1.5 percent for the week of Jan. 3, 2020, according to the Mortgage Bankers Association (MBA). The MBA acknowledges that the results for...
During the final quarter of 2019, the median price for some of Manhattan’s ritziest apartment listings fell to $1.8 million, or down 7.5 percent. Sales for apartments with a $5 million or more price tag fell 38 percent in the last quarter. Overall, the...
Google’s parent company, Alphabet, is reportedly acquiring Fitbit. Google is purchasing Fitbit for $7.35 per share in cash, or approximately $2.1 billion. Fitbit’s highest share price has previously been as high as $51.90 during August 2015. Some experts say that Google’s acquisition comes at a diluted cost....
Wells Fargo announced that it plans to boost its mortgage processing division by bringing on new hires. The San Francisco-based financial services company says that it’s bringing new employees on board as it prepares for higher mortgage volumes that are expected due to lower mortgage rates.
This past week, mortgage rates fell to a nearly three-year low after concerns grew about the global economy. Weak home sales may have also been a contributing factor. According to Freddie Mac, fixed-rate 30-year mortgage rates fell to 3.75 percent and had a 0.5...
The number of foreclosures in the U.S. has declined for the 11th month in a row, according to ATTOM Data Solutions. The data provider curates much of the nation’s property database. The findings were released in its U.S. Foreclosure Market Report for May 2019. The report discloses...
A recent report by Unison showed that it takes the average American 14 years to save for a down payment to buy a home. The report, entitled the 2019 Home Affordability Report, shows that homeownership isn’t easily achievable for many would-be home buyers. The...
RE/MAX and Redfin have put the brakes on their two-month old partnership. In March, the brokerage firms agreed to exchange their U.S. and Canadian customer referrals via Redfin’s Partner Agents program. However, after Redfin announced its intention to launch a cutting edge tool...