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Yoga and a mortgage? Guaranteed Rate has a new app for that

Housing Wire

A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. However, Guaranteed Rate hopes to change that with the launch of its new consumer-focused Rate App. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender.

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Days on market grow despite low inventory for existing homes

Housing Wire

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. We needed to end this madness before we had prices escalate over 20% for another year.

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Part 2: Current State of the Housing Market; Overview for mid-December

Calculated Risk Real Estate

Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-December I reviewed home inventory and sales. year-over-year in September and will likely be even more positive YoY in October (based on other data). YoY in September. YoY in September - and also to new all-time highs.

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Push button. Get CEO? What’s next for Rocket

Housing Wire

Jay Farner likes to tell a story about his early days at Rock Financial , which would become Quicken Loans and eventually Rocket Mortgage. It was 1996 and Dan Gilbert , the founder and CEO, announced that the company’s mortgage bankers weren’t going to meet with applicants face to face. That was new back then.

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The Mystery of the Housing Market in the Fall of 2022

Notorious ROB

The headline is “mortgage payments hit all time high” as the Fed keeps hiking rates. First, you have leading indicators: Fewer people searched for “homes for sale” on Google. Searches during the week ending September 24 were down 33% from a year earlier. Mortgage purchase applications were down 0.4%

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15 Mortgage Questions to Ask Lenders Before Buying a House

HomeLight

All of these things are stressful and confusing, but you’d be surprised by how many people struggle with the mortgage process. And they need answers to their mortgage questions. As a first-time homebuyer, you’re likely among the 85% of buyers who will apply for a home mortgage instead of paying cash.

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Is The CMHC Limiting Their Downside, Or Their Upside?

Toronto Realty Blog

This past week, the Canadian Mortgage & Housing Corporation announced that it was placing a ceiling of 8% on any gain or profit on a property purchased through the “First Time Home Buyer Incentive Program,” but also an 8% cap on any losses. ” I guess that just about sums it up! It was, at the time, ludicrous.

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