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More Home Buyers are Reaching for ARMs

Realty Biz

Despite 30-year mortgages being firmly above a 5% interest rate, mortgage applications for home purchases increased 5% in mid-May. What is different this year is that buyers are turning to adjustable rate mortgages in higher numbers than at any time in the past 14 years. How to Read an ARM.

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Please Don’t Help Me, Government

Notorious ROB

The article is titled “Wen Bazooka” and it’s brilliant. By the time the 2019 repo crisis unfolded, the Federal Reserve didn’t bother with the need for pesky legislation to assume they could bail out Wall Street once again. Was that because housing and mortgage banking were not regulated or not regulated enough?

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Housing Market 2020 Forecast: Will It Crash or Recover?

Marco Santarelli

Low mortgage rates, population growth, and an increase in buyer interest are further driving the demand for available housing. Home prices rose during the pandemic and could rise even further due to heavy buyer competition and a significant shortage of supply. The month of June recorded a jump of 20.7%

Marketing 145
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Los Angeles Real Estate Market & Investment Overview 2020

Marco Santarelli

Jump in sales was 48%. In LA county, the jump in the existing home sales was the highest from May, at 37.50%. The rise in home prices and sales have shifted the market conditions to a balanced one. The rise in home prices and sales have shifted the market conditions to a balanced one. rise in home values in 2020.

Marketing 139
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Exclusive: The Untold History of How Women Faced Unspeakable Discrimination in Mortgages—and Then Fought Back

Realtor.com

Getty Images Less than 50 years ago, many mortgage lenders refused to consider a woman’s income. So in 1972, 25-year-old Marjorie, an operating room technician, and Paul, 27, a fast-food restaurant manager, applied for a mortgage through their local bank. Jefferson Mortgage Corp. But they reportedly did happen.

Mortgages 140